PRMTX vs. PREIX
Compare and contrast key facts about T. Rowe Price Communications & Technology Fund (PRMTX) and T. Rowe Price Equity Index 500 Fund (PREIX).
PRMTX is managed by T. Rowe Price. It was launched on Oct 12, 1993. PREIX is managed by T. Rowe Price. It was launched on Mar 30, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRMTX or PREIX.
Performance
PRMTX vs. PREIX - Performance Comparison
Returns By Period
In the year-to-date period, PRMTX achieves a 39.05% return, which is significantly higher than PREIX's 26.50% return. Over the past 10 years, PRMTX has underperformed PREIX with an annualized return of 8.71%, while PREIX has yielded a comparatively higher 13.02% annualized return.
PRMTX
39.05%
6.85%
19.98%
34.00%
6.99%
8.71%
PREIX
26.50%
3.07%
13.18%
32.62%
15.57%
13.02%
Key characteristics
| PRMTX | PREIX | |
|---|---|---|
| Sharpe Ratio | 2.02 | 2.67 |
| Sortino Ratio | 2.51 | 3.56 |
| Omega Ratio | 1.38 | 1.50 |
| Calmar Ratio | 0.74 | 3.86 |
| Martin Ratio | 10.97 | 17.30 |
| Ulcer Index | 3.10% | 1.89% |
| Daily Std Dev | 16.86% | 12.24% |
| Max Drawdown | -75.22% | -55.32% |
| Current Drawdown | -23.07% | -0.46% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PRMTX vs. PREIX - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is higher than PREIX's 0.15% expense ratio.
Correlation
The correlation between PRMTX and PREIX is 0.83, 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.
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.
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.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
Volatility
PRMTX vs. PREIX - Volatility Comparison
T. Rowe Price Communications & Technology Fund (PRMTX) has a higher volatility of 4.17% compared to T. Rowe Price Equity Index 500 Fund (PREIX) at 3.96%. This indicates that PRMTX's price experiences larger fluctuations and is considered to be riskier than PREIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.