PRGTX vs. PRNEX
Compare and contrast key facts about T. Rowe Price Global Technology Fund (PRGTX) and T. Rowe Price New Era Fund (PRNEX).
PRGTX is managed by T. Rowe Price. It was launched on Sep 28, 2000. PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969.
Performance
PRGTX vs. PRNEX - Performance Comparison
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PRGTX vs. PRNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRGTX T. Rowe Price Global Technology Fund | -7.19% | 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 | 19.15% | 26.94% | 4.41% | 1.02% | 7.14% | 25.35% | -2.63% | 16.91% | -16.23% | 10.57% |
Returns By Period
In the year-to-date period, PRGTX achieves a -7.19% return, which is significantly lower than PRNEX's 19.15% return. Over the past 10 years, PRGTX has outperformed PRNEX with an annualized return of 15.10%, while PRNEX has yielded a comparatively lower 10.12% annualized return.
PRGTX
- 1D
- -1.60%
- 1M
- -9.81%
- YTD
- -7.19%
- 6M
- -5.41%
- 1Y
- 32.83%
- 3Y*
- 25.62%
- 5Y*
- 3.37%
- 10Y*
- 15.10%
PRNEX
- 1D
- -1.11%
- 1M
- -1.19%
- YTD
- 19.15%
- 6M
- 31.26%
- 1Y
- 44.27%
- 3Y*
- 17.27%
- 5Y*
- 14.17%
- 10Y*
- 10.12%
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PRGTX vs. PRNEX - Expense Ratio Comparison
PRGTX has a 0.95% expense ratio, which is higher than PRNEX's 0.56% expense ratio.
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.
| PRGTX | PRNEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.16 | 2.23 | -1.07 |
Sortino ratioReturn per unit of downside risk | 1.72 | 2.80 | -1.08 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.45 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.67 | -0.60 |
Martin ratioReturn relative to average drawdown | 6.49 | 12.65 | -6.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRGTX | PRNEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.23 | -1.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.76 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.49 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.38 | +0.02 |
Correlation
The correlation between PRGTX and PRNEX is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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 12.94%.
| 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 | 12.94% | 15.41% | 4.81% | 11.46% | 4.47% | 2.07% | 2.54% | 2.18% | 1.69% | 1.89% | 1.28% | 2.68% |
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 | -13.95% | -16.24% | +2.29% |
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 | -13.06% | -2.25% | -10.81% |
Average DrawdownAverage peak-to-trough decline | -21.68% | -16.35% | -5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 3.42% | +1.02% |
Volatility
PRGTX vs. PRNEX - Volatility Comparison
T. Rowe Price Global Technology Fund (PRGTX) has a higher volatility of 8.97% compared to T. Rowe Price New Era Fund (PRNEX) at 5.01%. 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 | 8.97% | 5.01% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 17.69% | 12.38% | +5.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.78% | 20.21% | +7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.74% | 18.82% | +12.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.17% | 20.69% | +7.48% |