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PRMTX vs. PREIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PRMTXPREIX
YTD Return37.01%26.96%
1Y Return39.01%39.65%
3Y Return (Ann)-8.53%10.09%
5Y Return (Ann)6.98%15.80%
10Y Return (Ann)8.71%13.23%
Sharpe Ratio2.273.11
Sortino Ratio2.804.14
Omega Ratio1.431.58
Calmar Ratio0.834.56
Martin Ratio12.4020.60
Ulcer Index3.09%1.87%
Daily Std Dev16.89%12.39%
Max Drawdown-75.22%-55.32%
Current Drawdown-24.20%0.00%

Correlation

-0.50.00.51.00.8

The correlation between PRMTX and PREIX is 0.84, 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

PRMTX vs. PREIX - Performance Comparison

In the year-to-date period, PRMTX achieves a 37.01% return, which is significantly higher than PREIX's 26.96% return. Over the past 10 years, PRMTX has underperformed PREIX with an annualized return of 8.71%, while PREIX has yielded a comparatively higher 13.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
20.95%
15.47%
PRMTX
PREIX

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PRMTX vs. PREIX - Expense Ratio Comparison

PRMTX has a 0.77% expense ratio, which is higher than PREIX's 0.15% expense ratio.


PRMTX
T. Rowe Price Communications & Technology Fund
Expense ratio chart for PRMTX: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%
Expense ratio chart for PREIX: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

PRMTX vs. PREIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and T. Rowe Price Equity Index 500 Fund (PREIX). 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.


PRMTX
Sharpe ratio
The chart of Sharpe ratio for PRMTX, currently valued at 2.27, compared to the broader market0.002.004.002.27
Sortino ratio
The chart of Sortino ratio for PRMTX, currently valued at 2.80, compared to the broader market0.005.0010.002.80
Omega ratio
The chart of Omega ratio for PRMTX, currently valued at 1.43, compared to the broader market1.002.003.004.001.43
Calmar ratio
The chart of Calmar ratio for PRMTX, currently valued at 0.83, compared to the broader market0.005.0010.0015.0020.000.83
Martin ratio
The chart of Martin ratio for PRMTX, currently valued at 12.40, compared to the broader market0.0020.0040.0060.0080.00100.0012.40
PREIX
Sharpe ratio
The chart of Sharpe ratio for PREIX, currently valued at 3.11, compared to the broader market0.002.004.003.11
Sortino ratio
The chart of Sortino ratio for PREIX, currently valued at 4.14, compared to the broader market0.005.0010.004.14
Omega ratio
The chart of Omega ratio for PREIX, currently valued at 1.58, compared to the broader market1.002.003.004.001.58
Calmar ratio
The chart of Calmar ratio for PREIX, currently valued at 4.56, compared to the broader market0.005.0010.0015.0020.004.56
Martin ratio
The chart of Martin ratio for PREIX, currently valued at 20.60, compared to the broader market0.0020.0040.0060.0080.00100.0020.60

PRMTX vs. PREIX - Sharpe Ratio Comparison

The current PRMTX Sharpe Ratio is 2.27, which is comparable to the PREIX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of PRMTX and PREIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.27
3.11
PRMTX
PREIX

Dividends

PRMTX vs. PREIX - Dividend Comparison

PRMTX's dividend yield for the trailing twelve months is around 0.14%, less than PREIX's 1.09% yield.


TTM20232022202120202019201820172016201520142013
PRMTX
T. Rowe Price Communications & Technology Fund
0.14%0.19%0.00%0.00%0.00%0.00%0.19%0.01%0.03%0.20%2.46%0.30%
PREIX
T. Rowe Price Equity Index 500 Fund
1.09%1.33%1.50%1.15%1.56%1.78%1.95%1.65%1.83%2.02%1.69%1.63%

Drawdowns

PRMTX vs. PREIX - Drawdown Comparison

The maximum PRMTX drawdown since its inception was -75.22%, which is greater than PREIX's maximum drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for PRMTX and PREIX. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-24.20%
0
PRMTX
PREIX

Volatility

PRMTX vs. PREIX - Volatility Comparison

T. Rowe Price Communications & Technology Fund (PRMTX) and T. Rowe Price Equity Index 500 Fund (PREIX) have volatilities of 3.91% and 3.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.91%
3.91%
PRMTX
PREIX