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PRMTX vs. BAI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PRMTX vs. BAI

Last updated Jun 24, 2026

PRMTX (T. Rowe Price Communications & Technology Fund) and BAI (iShares A.I. Innovation and Tech Active ETF) are both funds - PRMTX is a Communications Equities fund managed by T. Rowe Price, while BAI is a Technology Equities fund actively managed by iShares. Over the past year, PRMTX returned -0.39% vs 86.14% for BAI. A 0.70 correlation means they provide meaningful diversification when combined. PRMTX charges 0.77%/yr vs 0.55%/yr for BAI.

Performance

PRMTX vs. BAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Communications & Technology Fund (PRMTX) and iShares A.I. Innovation and Tech Active ETF (BAI). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PRMTX achieves a 0.18% return, which is significantly lower than BAI's 49.94% return.

PRMTX

1D
-1.55%
1M
-1.77%
YTD
0.18%
6M
-0.34%
1Y
-0.39%
3Y*
21.97%
5Y*
5.29%
10Y*
15.51%

BAI

1D
-7.93%
1M
4.43%
YTD
49.94%
6M
47.29%
1Y
86.14%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PRMTX vs. BAI - Yearly Performance Comparison

2026 (YTD)20252024
PRMTX
T. Rowe Price Communications & Technology Fund		0.18%6.86%12.95%
BAI
iShares A.I. Innovation and Tech Active ETF		49.94%25.22%8.89%

Correlation

The correlation between PRMTX and BAI is 0.65, 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

0.65

Correlation (All Time)
Calculated using the full available price history since Oct 22, 2024

0.70

The correlation between PRMTX and BAI has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

T. Rowe Price Communications & Technology Fund

iShares A.I. Innovation and Tech Active ETF

Often compared with PRMTX:
PRMTX vs. VGTPRMTX vs. PRGTXPRMTX vs. VOOPRMTX vs. PREIXPRMTX vs. QQQPRMTX vs. PRISXPRMTX vs. TRBCX
Often compared with BAI:
BAI vs. ARTYBAI vs. SMHBAI vs. CHATBAI vs. AISBAI vs. SOXXBAI vs. AIQBAI vs. TCAI

Return for Risk

PRMTX vs. BAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PRMTX
PRMTX Risk / Return Rank: 33
Overall Rank
PRMTX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
PRMTX Sortino Ratio Rank: 33
Sortino Ratio Rank
PRMTX Omega Ratio Rank: 33
Omega Ratio Rank
PRMTX Calmar Ratio Rank: 33
Calmar Ratio Rank
PRMTX Martin Ratio Rank: 33
Martin Ratio Rank
BAI
BAI Risk / Return Rank: 7474
Overall Rank
BAI Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
BAI Sortino Ratio Rank: 6060
Sortino Ratio Rank
BAI Omega Ratio Rank: 6565
Omega Ratio Rank
BAI Calmar Ratio Rank: 9090
Calmar Ratio Rank
BAI Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRMTX vs. BAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and iShares A.I. Innovation and Tech Active ETF (BAI). 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.

PRMTXBAIDifference
Sharpe ratioReturn per unit of total volatility
0.07
2.32

-2.26

Sortino ratioReturn per unit of downside risk
0.20
2.70

-2.50

Omega ratioGain probability vs. loss probability

1.02

1.37

-0.35

Calmar ratioReturn relative to maximum drawdown

0.06

5.34

-5.28

Martin ratioReturn relative to average drawdown

0.14

14.08

-13.94

PRMTX vs. BAI - Sharpe Ratio Comparison

The current PRMTX Sharpe Ratio is 0.07, which is lower than the BAI Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of PRMTX and BAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PRMTX vs. BAI - Drawdown Comparison

The maximum PRMTX drawdown since its inception was -66.30%, which is greater than BAI's maximum drawdown of -34.09%. Use the drawdown chart below to compare losses from any high point for PRMTX and BAI.

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Drawdown Indicators

PRMTXBAIDifference

Max Drawdown

Largest peak-to-trough decline

-66.30%

-34.09%

-32.21%

Max Drawdown (1Y)

Largest decline over 1 year

-17.29%

-16.22%

-1.07%

Max Drawdown (3Y)

Largest decline over 3 years

-20.69%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-47.17%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-47.17%

—

—

Current Drawdown

Current decline from peak

-7.72%

-7.93%

+0.21%

Average Drawdown

Average peak-to-trough decline

-13.94%

-6.87%

-7.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.39%

6.14%

+1.25%

Volatility

PRMTX vs. BAI - Volatility Comparison

The current volatility for T. Rowe Price Communications & Technology Fund (PRMTX) is 6.66%, while iShares A.I. Innovation and Tech Active ETF (BAI) has a volatility of 20.05%. This indicates that PRMTX experiences smaller price fluctuations and is considered to be less risky than BAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PRMTXBAIDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.66%

20.05%

-13.39%

Volatility (6M)

Calculated over the trailing 6-month period

12.36%

31.41%

-19.05%

Volatility (1Y)

Calculated over the trailing 1-year period

15.64%

37.30%

-21.66%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.67%

37.40%

-15.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.98%

37.40%

-16.42%

PRMTX vs. BAI - Expense Ratio Comparison

PRMTX has a 0.77% expense ratio, which is higher than BAI's 0.55% expense ratio.

Dividends

PRMTX vs. BAI - Dividend Comparison

PRMTX's dividend yield for the trailing twelve months is around 25.18%, more than BAI's 1.19% yield.

PositionTTM20252024202320222021202020192018201720162015
BAI
iShares A.I. Innovation and Tech Active ETF		1.19%1.80%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
PRMTX
T. Rowe Price Communications & Technology Fund		25.18%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

PRMTX and BAI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BAI has higher volatility (20.05%) compared to PRMTX (6.66%). In terms of maximum drawdown, PRMTX dropped -66.30% vs BAI's -34.09%.

BAI currently has the higher Sharpe Ratio (2.32 vs 0.07), 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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