PRMTX vs. PRHSX
PRMTX (T. Rowe Price Communications & Technology Fund) and PRHSX (T. Rowe Price Health Sciences Fund) are both mutual funds - PRMTX is a Communications Equities fund tracking the MSCI World IMI Communication Services 10/40 Index, while PRHSX is a Health & Biotech Equities fund actively managed by T. Rowe Price. PRMTX is passively managed, while PRHSX is actively managed. Over the past 10 years, PRMTX returned 13.94%/yr vs 11.23%/yr for PRHSX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. PRMTX charges 0.77%/yr vs 0.83%/yr for PRHSX.
Performance
PRMTX vs. PRHSX - Performance Comparison
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Returns By Period
In the year-to-date period, PRMTX achieves a -5.92% return, which is significantly lower than PRHSX's 8.63% return. Over the past 10 years, PRMTX has outperformed PRHSX with an annualized return of 13.94%, while PRHSX has yielded a comparatively lower 11.23% annualized return.
PRMTX
- 1D
- 0.85%
- 1M
- -5.00%
- 6M
- -4.16%
- YTD
- -5.92%
- 1Y
- -6.58%
- 3Y*
- 17.24%
- 5Y*
- 3.71%
- 10Y*
- 13.94%
- ALL TIME*
- 14.50%
PRHSX
- 1D
- -0.35%
- 1M
- -1.27%
- 6M
- 9.71%
- YTD
- 8.63%
- 1Y
- 33.31%
- 3Y*
- 9.96%
- 5Y*
- 3.65%
- 10Y*
- 11.23%
- ALL TIME*
- 13.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRMTX vs. PRHSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | -5.92% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
PRHSX T. Rowe Price Health Sciences Fund | 8.63% | 17.75% | 1.82% | 3.03% | -12.22% | 13.50% | 30.19% | 37.88% | 1.08% | 28.04% |
Correlation
The correlation between PRMTX and PRHSX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996 | 0.66 |
Over the past year, the correlation between PRMTX and PRHSX has dropped to 0.23 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
PRMTX vs. PRHSX — Risk / Return Rank
PRMTX
PRHSX
PRMTX vs. PRHSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and T. Rowe Price Health Sciences Fund (PRHSX). 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 | PRHSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.33 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.50 | -2.92 |
| Martin ratioReturn relative to average drawdown | -0.92 | 6.96 | -7.88 |
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Drawdowns
PRMTX vs. PRHSX - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -66.30%, which is greater than PRHSX's maximum drawdown of -42.96%. Use the drawdown chart below to compare losses from any high point for PRMTX and PRHSX.
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Drawdown Indicators
| PRMTX | PRHSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -42.96% | -23.34% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -12.81% | -4.48% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -21.00% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -47.17% | -27.61% | -19.56% |
Max Drawdown (10Y)Largest decline over 10 years | -47.17% | -28.97% | -18.20% |
Current DrawdownCurrent decline from peak | -13.34% | -2.23% | -11.11% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -8.71% | -5.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.03% | 4.59% | +3.44% |
Volatility
PRMTX vs. PRHSX - Volatility Comparison
T. Rowe Price Communications & Technology Fund (PRMTX) has a higher volatility of 5.73% compared to T. Rowe Price Health Sciences Fund (PRHSX) at 5.14%. This indicates that PRMTX's price experiences larger fluctuations and is considered to be riskier than PRHSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRMTX | PRHSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.14% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.46% | 12.96% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 16.35% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 17.46% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 19.27% | +1.72% |
PRMTX vs. PRHSX - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is lower than PRHSX's 0.83% expense ratio.
Dividends
PRMTX vs. PRHSX - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 26.81%, more than PRHSX's 11.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHSX T. Rowe Price Health Sciences Fund | 11.13% | 12.09% | 12.89% | 5.21% | 1.77% | 7.46% | 7.16% | 12.29% | 6.57% | 7.43% | 4.55% | 11.34% |
PRMTX T. Rowe Price Communications & Technology Fund | 26.81% | 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 PRHSX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRMTX has higher volatility (5.73%) compared to PRHSX (5.14%). In terms of maximum drawdown, PRMTX dropped -66.30% vs PRHSX's -42.96%.
PRHSX currently has the higher Sharpe Ratio (1.96 vs -0.46), 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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