PRGTX vs. PRNEX
PRGTX (T. Rowe Price Global Technology Fund) and PRNEX (T. Rowe Price New Era Fund) are both mutual funds - PRGTX is a Technology Equities fund managed by T. Rowe Price, while PRNEX is a Energy Equities fund managed by T. Rowe Price. Over the past 10 years, PRGTX returned 17.34%/yr vs 8.21%/yr for PRNEX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. PRGTX charges 0.93%/yr vs 0.56%/yr for PRNEX.
Performance
PRGTX vs. PRNEX - 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 PRNEX's 15.89% return. Over the past 10 years, PRGTX has outperformed PRNEX with an annualized return of 17.34%, while PRNEX has yielded a comparatively lower 8.21% 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%
PRNEX
- 1D
- 1.91%
- 1M
- 2.40%
- 6M
- 3.92%
- YTD
- 15.89%
- 1Y
- 30.13%
- 3Y*
- 11.02%
- 5Y*
- 11.09%
- 10Y*
- 8.21%
- ALL TIME*
- 7.91%
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. PRNEX - 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% |
PRNEX T. Rowe Price New Era Fund | 15.89% | 18.85% | 4.41% | 1.02% | 7.14% | 25.35% | -2.63% | 16.91% | -16.23% | 10.57% |
Correlation
The correlation between PRGTX and PRNEX is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.54 |
The correlation between PRGTX and PRNEX shifts across timeframes, from 0.37 (3 years) to 0.54 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PRGTX vs. PRNEX — Risk / Return Rank
PRGTX
PRNEX
PRGTX vs. PRNEX - 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 New Era Fund (PRNEX). 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 | PRNEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.32 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.95 | -0.96 |
| Martin ratioReturn relative to average drawdown | 6.74 | 8.89 | -2.15 |
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Drawdowns
PRGTX vs. PRNEX - Drawdown Comparison
The maximum PRGTX drawdown since its inception was -71.18%, which is greater than PRNEX's maximum drawdown of -66.56%. Use the drawdown chart below to compare losses from any high point for PRGTX and PRNEX.
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Drawdown Indicators
| PRGTX | PRNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.18% | -66.56% | -4.62% |
Max Drawdown (1Y)Largest decline over 1 year | -18.50% | -9.52% | -8.98% |
Max Drawdown (3Y)Largest decline over 3 years | -26.67% | -20.19% | -6.48% |
Max Drawdown (5Y)Largest decline over 5 years | -65.29% | -21.50% | -43.79% |
Max Drawdown (10Y)Largest decline over 10 years | -65.29% | -49.64% | -15.65% |
Current DrawdownCurrent decline from peak | -14.26% | -6.83% | -7.43% |
Average DrawdownAverage peak-to-trough decline | -21.45% | -16.26% | -5.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.45% | 3.16% | +2.29% |
Volatility
PRGTX vs. PRNEX - Volatility Comparison
T. Rowe Price Global Technology Fund (PRGTX) has a higher volatility of 11.71% compared to T. Rowe Price New Era Fund (PRNEX) at 4.46%. This indicates that PRGTX's price experiences larger fluctuations and is considered to be riskier than PRNEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRGTX | PRNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.71% | 4.46% | +7.25% |
Volatility (6M)Calculated over the trailing 6-month period | 25.46% | 12.18% | +13.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.02% | 15.46% | +13.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.66% | 18.71% | +13.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.83% | 20.53% | +8.30% |
PRGTX vs. PRNEX - Expense Ratio Comparison
PRGTX has a 0.93% expense ratio, which is higher than PRNEX's 0.56% expense ratio.
Dividends
PRGTX vs. PRNEX - Dividend Comparison
PRGTX has not paid dividends to shareholders, while PRNEX's dividend yield for the trailing twelve months is around 7.80%.
| 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% |
PRNEX T. Rowe Price New Era Fund | 7.80% | 9.04% | 4.81% | 11.46% | 4.47% | 2.07% | 2.54% | 2.18% | 1.69% | 1.89% | 1.28% | 2.68% |
Frequently Asked Questions
PRGTX and PRNEX have a correlation of 0.39, 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 PRNEX (4.46%). In terms of maximum drawdown, PRGTX dropped -71.18% vs PRNEX's -66.56%.
PRNEX currently has the higher Sharpe Ratio (1.83 vs 1.27), 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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