PRIJX vs. PRMTX
PRIJX (T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class) and PRMTX (T. Rowe Price Communications & Technology Fund) are both mutual funds - PRIJX is a Emerging Markets Equities fund actively managed by T. Rowe Price, while PRMTX is a Communications Equities fund managed by T. Rowe Price. Over the past 10 years, PRIJX returned 12.27%/yr vs 15.60%/yr for PRMTX. A 0.60 correlation means they provide meaningful diversification when combined. PRIJX charges 1.13%/yr vs 0.77%/yr for PRMTX.
Performance
PRIJX vs. PRMTX - Performance Comparison
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Returns By Period
In the year-to-date period, PRIJX achieves a 31.09% return, which is significantly higher than PRMTX's 4.07% return. Over the past 10 years, PRIJX has underperformed PRMTX with an annualized return of 12.27%, while PRMTX has yielded a comparatively higher 15.60% annualized return.
PRIJX
- 1D
- 1.24%
- 1M
- 11.63%
- YTD
- 31.09%
- 6M
- 34.99%
- 1Y
- 65.35%
- 3Y*
- 26.93%
- 5Y*
- 10.77%
- 10Y*
- 12.27%
PRMTX
- 1D
- -0.39%
- 1M
- 4.28%
- YTD
- 4.07%
- 6M
- 2.74%
- 1Y
- 4.15%
- 3Y*
- 24.08%
- 5Y*
- 7.45%
- 10Y*
- 15.60%
PRIJX vs. PRMTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRIJX T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class | 31.09% | 38.56% | 5.75% | 11.13% | -15.64% | 4.50% | 6.87% | 16.63% | -9.91% | 32.57% |
PRMTX T. Rowe Price Communications & Technology Fund | 4.07% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
Correlation
The correlation between PRIJX and PRMTX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.60 |
The correlation between PRIJX and PRMTX has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
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Return for Risk
PRIJX vs. PRMTX — Risk / Return Rank
PRIJX
PRMTX
PRIJX vs. PRMTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class (PRIJX) 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.
| PRIJX | PRMTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.37 | ||
| Sortino ratioReturn per unit of downside risk | +4.08 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.06 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 4.96 | 0.23 | +4.74 |
| Martin ratioReturn relative to average drawdown | 19.62 | 0.55 | +19.08 |
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
| PRIJX | PRMTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.64 | 0.27 | +3.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.35 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.75 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.63 | +0.05 |
Drawdowns
PRIJX vs. PRMTX - Drawdown Comparison
The maximum PRIJX drawdown since its inception was -41.67%, smaller than the maximum PRMTX drawdown of -66.30%. Use the drawdown chart below to compare losses from any high point for PRIJX and PRMTX.
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Drawdown Indicators
| PRIJX | PRMTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -66.30% | +24.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.26% | -17.29% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -16.15% | -20.69% | +4.54% |
Max Drawdown (5Y)Largest decline over 5 years | -32.32% | -47.17% | +14.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.67% | -47.17% | +5.50% |
Current DrawdownCurrent decline from peak | 0.00% | -4.14% | +4.14% |
Average DrawdownAverage peak-to-trough decline | -9.92% | -13.95% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 7.19% | -3.84% |
Volatility
PRIJX vs. PRMTX - Volatility Comparison
T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class (PRIJX) has a higher volatility of 8.33% compared to T. Rowe Price Communications & Technology Fund (PRMTX) at 3.68%. This indicates that PRIJX'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
| PRIJX | PRMTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 3.68% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 15.50% | 10.95% | +4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.09% | 14.55% | +3.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 21.54% | -4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.70% | 20.90% | -3.20% |
PRIJX vs. PRMTX - Expense Ratio Comparison
PRIJX has a 1.13% expense ratio, which is higher than PRMTX's 0.77% expense ratio.
Dividends
PRIJX vs. PRMTX - Dividend Comparison
PRIJX's dividend yield for the trailing twelve months is around 3.44%, less than PRMTX's 24.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRIJX T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class | 3.44% | 4.51% | 3.15% | 2.99% | 1.93% | 2.29% | 0.76% | 2.55% | 1.66% | 3.67% | 4.69% | 0.00% |
PRMTX T. Rowe Price Communications & Technology Fund | 24.24% | 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
PRIJX and PRMTX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRIJX has higher volatility (8.33%) compared to PRMTX (3.68%). In terms of maximum drawdown, PRIJX dropped -41.67% vs PRMTX's -66.30%.
PRIJX currently has the higher Sharpe Ratio (3.64 vs 0.27), 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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