PRMTX vs. FGDMX

Last updated Jul 14, 2026

PRMTX (T. Rowe Price Communications & Technology Fund) and FGDMX (Fidelity Advisor Communication Services Class A) are both Communications Equities funds. Over the past 5 years, PRMTX returned 4.93%/yr vs 13.31%/yr for FGDMX. Their correlation of 0.88 suggests significant overlap in exposure. PRMTX charges 0.77%/yr vs 1.03%/yr for FGDMX.

Performance

PRMTX vs. FGDMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Communications & Technology Fund (PRMTX) and Fidelity Advisor Communication Services Class A (FGDMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRMTX achieves a 0.90% return, which is significantly lower than FGDMX's 11.20% return.

PRMTX

• 1D: 0.57%
• 1M: 1.00%
• 6M: 1.12%
• YTD: 0.90%
• 1Y: -0.20%
• 3Y*: 21.29%
• 5Y*: 4.93%
• 10Y*: 14.99%

FGDMX

• 1D: 0.91%
• 1M: 4.22%
• 6M: 8.87%
• YTD: 11.20%
• 1Y: 30.66%
• 3Y*: 32.21%
• 5Y*: 13.31%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRMTX vs. FGDMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PRMTX T. Rowe Price Communications & Technology Fund	0.90%	6.86%	48.75%	39.30%	-40.90%	9.81%	53.69%	35.69%	-6.64%
FGDMX Fidelity Advisor Communication Services Class A	11.20%	36.36%	35.46%	56.40%	-38.47%	15.63%	35.07%	32.77%	-7.41%

Correlation

The correlation between PRMTX and FGDMX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Nov 30, 2018	0.88

The correlation between PRMTX and FGDMX has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.

Return for Risk

PRMTX vs. FGDMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRMTX

PRMTX Risk / Return Rank: 3
PRMTX Sharpe Ratio Rank: 3
PRMTX Sortino Ratio Rank: 3
PRMTX Omega Ratio Rank: 3
PRMTX Calmar Ratio Rank: 3
PRMTX Martin Ratio Rank: 3

FGDMX

FGDMX Risk / Return Rank: 42
FGDMX Sharpe Ratio Rank: 48
FGDMX Sortino Ratio Rank: 45
FGDMX Omega Ratio Rank: 44
FGDMX Calmar Ratio Rank: 36
FGDMX Martin Ratio Rank: 37

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. FGDMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and Fidelity Advisor Communication Services Class A (FGDMX). 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.

	PRMTX	FGDMX	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	1.54	-1.59
Sortino ratio: Return per unit of downside risk	0.04	2.16	-2.12
Omega ratio: Gain probability vs. loss probability	1.00	1.27	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.05	1.80	-1.85
Martin ratio: Return relative to average drawdown	-0.10	6.37	-6.47

PRMTX vs. FGDMX - Sharpe Ratio Comparison

The current PRMTX Sharpe Ratio is -0.05, which is lower than the FGDMX Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of PRMTX and FGDMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRMTX vs. FGDMX - Drawdown Comparison

The maximum PRMTX drawdown since its inception was -66.30%, which is greater than FGDMX's maximum drawdown of -47.60%. Use the drawdown chart below to compare losses from any high point for PRMTX and FGDMX.

Drawdown Indicators

	PRMTX	FGDMX	Difference
Max Drawdown Largest peak-to-trough decline	-66.30%	-47.60%	-18.70%
Max Drawdown (1Y) Largest decline over 1 year	-17.29%	-16.94%	-0.35%
Max Drawdown (3Y) Largest decline over 3 years	-20.69%	-23.23%	+2.54%
Max Drawdown (5Y) Largest decline over 5 years	-47.17%	-47.60%	+0.43%
Max Drawdown (10Y) Largest decline over 10 years	-47.17%	—	—
Current Drawdown Current decline from peak	-7.06%	-1.87%	-5.19%
Average Drawdown Average peak-to-trough decline	-13.93%	-10.79%	-3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.59%	4.78%	+2.81%

Volatility

PRMTX vs. FGDMX - Volatility Comparison

The current volatility for T. Rowe Price Communications & Technology Fund (PRMTX) is 6.27%, while Fidelity Advisor Communication Services Class A (FGDMX) has a volatility of 6.98%. This indicates that PRMTX experiences smaller price fluctuations and is considered to be less risky than FGDMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRMTX	FGDMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.27%	6.98%	-0.71%
Volatility (6M) Calculated over the trailing 6-month period	12.72%	15.43%	-2.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.58%	19.76%	-4.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.70%	23.44%	-1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.93%	23.93%	-3.00%

PRMTX vs. FGDMX - Expense Ratio Comparison

PRMTX has a 0.77% expense ratio, which is lower than FGDMX's 1.03% expense ratio.

Dividends

PRMTX vs. FGDMX - Dividend Comparison

PRMTX's dividend yield for the trailing twelve months is around 25.00%, more than FGDMX's 11.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGDMX Fidelity Advisor Communication Services Class A	11.99%	7.66%	6.90%	0.00%	0.00%	5.73%	3.76%	35.47%	8.84%	0.00%	0.00%	0.00%
PRMTX T. Rowe Price Communications & Technology Fund	25.00%	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

Can I hold both PRMTX and FGDMX in my portfolio?

PRMTX and FGDMX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRMTX or FGDMX?

FGDMX has higher volatility (6.98%) compared to PRMTX (6.27%). In terms of maximum drawdown, PRMTX dropped -66.30% vs FGDMX's -47.60%.

Which has better risk-adjusted returns?

FGDMX currently has the higher Sharpe Ratio (1.54 vs -0.05), 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.