PRHSX vs. ONEQ
Compare and contrast key facts about T. Rowe Price Health Sciences Fund (PRHSX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ).
PRHSX is managed by T. Rowe Price. It was launched on Dec 29, 1995. ONEQ is a passively managed fund by Fidelity that tracks the performance of the NASDAQ Composite Index. It was launched on Sep 25, 2003.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHSX or ONEQ.
Key characteristics
| PRHSX | ONEQ | |
|---|---|---|
| YTD Return | 13.25% | 28.98% |
| 1Y Return | 19.97% | 43.62% |
| 3Y Return (Ann) | -4.53% | 8.00% |
| 5Y Return (Ann) | 4.76% | 19.03% |
| 10Y Return (Ann) | 3.10% | 16.47% |
| Sharpe Ratio | 1.20 | 2.42 |
| Sortino Ratio | 1.62 | 3.13 |
| Omega Ratio | 1.22 | 1.43 |
| Calmar Ratio | 0.59 | 3.19 |
| Martin Ratio | 5.93 | 12.16 |
| Ulcer Index | 2.91% | 3.47% |
| Daily Std Dev | 14.33% | 17.44% |
| Max Drawdown | -47.79% | -55.09% |
| Current Drawdown | -15.02% | 0.00% |
Correlation
The correlation between PRHSX and ONEQ is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PRHSX vs. ONEQ - Performance Comparison
In the year-to-date period, PRHSX achieves a 13.25% return, which is significantly lower than ONEQ's 28.98% return. Over the past 10 years, PRHSX has underperformed ONEQ with an annualized return of 3.10%, while ONEQ has yielded a comparatively higher 16.47% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRHSX vs. ONEQ - Expense Ratio Comparison
PRHSX has a 0.80% expense ratio, which is higher than ONEQ's 0.21% expense ratio.
Risk-Adjusted Performance
PRHSX vs. ONEQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Health Sciences Fund (PRHSX) and Fidelity NASDAQ Composite Index Tracking Stock (ONEQ). 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.
Dividends
PRHSX vs. ONEQ - Dividend Comparison
PRHSX has not paid dividends to shareholders, while ONEQ's dividend yield for the trailing twelve months is around 0.60%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHSX T. Rowe Price Health Sciences Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ONEQ Fidelity NASDAQ Composite Index Tracking Stock | 0.60% | 0.71% | 0.97% | 0.54% | 0.71% | 1.64% | 1.08% | 0.84% | 1.12% | 1.04% | 1.19% | 0.84% |
Drawdowns
PRHSX vs. ONEQ - Drawdown Comparison
The maximum PRHSX drawdown since its inception was -47.79%, smaller than the maximum ONEQ drawdown of -55.09%. Use the drawdown chart below to compare losses from any high point for PRHSX and ONEQ. For additional features, visit the drawdowns tool.
Volatility
PRHSX vs. ONEQ - Volatility Comparison
The current volatility for T. Rowe Price Health Sciences Fund (PRHSX) is 4.16%, while Fidelity NASDAQ Composite Index Tracking Stock (ONEQ) has a volatility of 5.50%. This indicates that PRHSX experiences smaller price fluctuations and is considered to be less risky than ONEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.