PRGTX vs. PRMTX
PRGTX (T. Rowe Price Global Technology Fund) and PRMTX (T. Rowe Price Communications & Technology Fund) are both mutual funds - PRGTX is a Technology Equities fund managed by T. Rowe Price, while PRMTX is a Communications Equities fund tracking the MSCI World IMI Communication Services 10/40 Index. Over the past 10 years, PRGTX returned 17.34%/yr vs 13.94%/yr for PRMTX. Their correlation of 0.88 means they have usually moved in the same direction. PRGTX charges 0.93%/yr vs 0.77%/yr for PRMTX.
Performance
PRGTX vs. PRMTX - Performance Comparison
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Returns By Period
In the year-to-date period, PRGTX achieves a 23.62% return, which is significantly higher than PRMTX's -5.92% return. Over the past 10 years, PRGTX has outperformed PRMTX with an annualized return of 17.34%, while PRMTX has yielded a comparatively lower 13.94% annualized return.
PRGTX
- 1D
- 5.19%
- 1M
- -5.99%
- 6M
- 20.57%
- YTD
- 23.62%
- 1Y
- 40.50%
- 3Y*
- 30.64%
- 5Y*
- 6.46%
- 10Y*
- 17.34%
- ALL TIME*
- 11.93%
PRMTX
- 1D
- 0.85%
- 1M
- -5.00%
- 6M
- -4.16%
- YTD
- -5.92%
- 1Y
- -6.58%
- 3Y*
- 17.24%
- 5Y*
- 3.71%
- 10Y*
- 13.94%
- ALL TIME*
- 14.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRGTX vs. PRMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRGTX T. Rowe Price Global Technology Fund | 23.62% | 27.28% | 33.12% | 55.92% | -55.53% | 8.85% | 75.77% | 34.22% | -10.07% | 47.09% |
PRMTX T. Rowe Price Communications & Technology Fund | -5.92% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
Correlation
The correlation between PRGTX and PRMTX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.88 |
The correlation between PRGTX and PRMTX shifts across timeframes, from 0.73 (1 year) to 0.88 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PRGTX vs. PRMTX — Risk / Return Rank
PRGTX
PRMTX
PRGTX vs. PRMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Technology Fund (PRGTX) and T. Rowe Price Communications & Technology Fund (PRMTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRGTX | PRMTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.94 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | -0.43 | +2.42 |
| Martin ratioReturn relative to average drawdown | 6.74 | -0.92 | +7.65 |
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Drawdowns
PRGTX vs. PRMTX - Drawdown Comparison
The maximum PRGTX drawdown since its inception was -71.18%, which is greater than PRMTX's maximum drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for PRGTX and PRMTX.
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Drawdown Indicators
| PRGTX | PRMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.18% | -66.30% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -17.29% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -26.67% | -20.69% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -65.29% | -47.17% | -18.12% |
Max Drawdown (10Y)Largest decline over 10 years | -65.29% | -47.17% | -18.12% |
Current DrawdownCurrent decline from peak | -14.26% | -13.34% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -21.45% | -13.92% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 8.03% | -2.58% |
Volatility
PRGTX vs. PRMTX - Volatility Comparison
T. Rowe Price Global Technology Fund (PRGTX) has a higher volatility of 11.71% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 5.73%. This indicates that PRGTX's price experiences larger fluctuations and is considered to be riskier than PRMTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRGTX | PRMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 5.73% | +5.98% |
Volatility (6M)Calculated over the trailing 6-month period | 25.46% | 13.46% | +12.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.02% | 16.16% | +12.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.66% | 21.79% | +10.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.83% | 20.99% | +7.84% |
PRGTX vs. PRMTX - Expense Ratio Comparison
PRGTX has a 0.93% expense ratio, which is higher than PRMTX's 0.77% expense ratio.
Dividends
PRGTX vs. PRMTX - Dividend Comparison
PRGTX has not paid dividends to shareholders, while PRMTX's dividend yield for the trailing twelve months is around 26.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRGTX T. Rowe Price Global Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 3.28% | 27.71% | 5.05% | 0.15% | 24.67% | 15.81% | 9.46% | 10.03% |
PRMTX T. Rowe Price Communications & Technology Fund | 26.81% | 25.23% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
Frequently Asked Questions
PRGTX and PRMTX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRGTX has higher volatility (11.71%) compared to PRMTX (5.73%). In terms of maximum drawdown, PRGTX dropped -71.18% vs PRMTX's -66.30%.
PRGTX currently has the higher Sharpe Ratio (1.27 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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