PRISX vs. PRNEX
Compare and contrast key facts about T. Rowe Price Financial Services Fund (PRISX) and T. Rowe Price New Era Fund (PRNEX).
PRISX is managed by Blackrock. It was launched on Sep 30, 1996. PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRISX or PRNEX.
Key characteristics
| PRISX | PRNEX | |
|---|---|---|
| YTD Return | 32.90% | 12.78% |
| 1Y Return | 54.04% | 18.70% |
| 3Y Return (Ann) | 10.08% | 6.62% |
| 5Y Return (Ann) | 15.45% | 9.28% |
| 10Y Return (Ann) | 12.61% | 4.02% |
| Sharpe Ratio | 3.36 | 1.32 |
| Sortino Ratio | 4.74 | 1.80 |
| Omega Ratio | 1.61 | 1.23 |
| Calmar Ratio | 3.06 | 1.95 |
| Martin Ratio | 24.14 | 5.72 |
| Ulcer Index | 2.20% | 3.28% |
| Daily Std Dev | 15.76% | 14.22% |
| Max Drawdown | -67.34% | -66.56% |
| Current Drawdown | -1.12% | -0.45% |
Correlation
The correlation between PRISX and PRNEX is 0.61, 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.
Performance
PRISX vs. PRNEX - Performance Comparison
In the year-to-date period, PRISX achieves a 32.90% return, which is significantly higher than PRNEX's 12.78% return. Over the past 10 years, PRISX has outperformed PRNEX with an annualized return of 12.61%, while PRNEX has yielded a comparatively lower 4.02% 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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PRISX vs. PRNEX - Expense Ratio Comparison
PRISX has a 0.88% expense ratio, which is higher than PRNEX's 0.56% expense ratio.
Risk-Adjusted Performance
PRISX vs. PRNEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financial Services Fund (PRISX) 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.
Dividends
PRISX vs. PRNEX - Dividend Comparison
PRISX's dividend yield for the trailing twelve months is around 1.50%, less than PRNEX's 2.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRISX T. Rowe Price Financial Services Fund | 1.50% | 2.00% | 1.99% | 1.25% | 1.49% | 1.53% | 1.77% | 0.86% | 0.89% | 1.18% | 1.08% | 0.88% |
PRNEX T. Rowe Price New Era Fund | 2.83% | 3.20% | 4.34% | 2.07% | 2.39% | 2.18% | 1.69% | 1.89% | 1.28% | 1.54% | 1.22% | 0.56% |
Drawdowns
PRISX vs. PRNEX - Drawdown Comparison
The maximum PRISX drawdown since its inception was -67.34%, roughly equal to the maximum PRNEX drawdown of -66.56%. Use the drawdown chart below to compare losses from any high point for PRISX and PRNEX. For additional features, visit the drawdowns tool.
Volatility
PRISX vs. PRNEX - Volatility Comparison
T. Rowe Price Financial Services Fund (PRISX) has a higher volatility of 7.76% compared to T. Rowe Price New Era Fund (PRNEX) at 4.07%. This indicates that PRISX'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.