PRMTX vs. PRNEX
Compare and contrast key facts about T. Rowe Price Communications & Technology Fund (PRMTX) and T. Rowe Price New Era Fund (PRNEX).
PRMTX is managed by T. Rowe Price. It was launched on Oct 12, 1993. PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969.
Performance
PRMTX vs. PRNEX - Performance Comparison
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PRMTX vs. PRNEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | -10.21% | 43.31% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
PRNEX T. Rowe Price New Era Fund | 19.15% | 26.94% | 4.41% | 1.02% | 7.14% | 25.35% | -2.63% | 16.91% | -16.23% | 10.57% |
Returns By Period
In the year-to-date period, PRMTX achieves a -10.21% return, which is significantly lower than PRNEX's 19.15% return. Over the past 10 years, PRMTX has outperformed PRNEX with an annualized return of 17.68%, while PRNEX has yielded a comparatively lower 10.12% annualized return.
PRMTX
- 1D
- -0.29%
- 1M
- -8.96%
- YTD
- -10.21%
- 6M
- 12.57%
- 1Y
- 33.32%
- 3Y*
- 32.51%
- 5Y*
- 11.53%
- 10Y*
- 17.68%
PRNEX
- 1D
- -1.11%
- 1M
- -1.19%
- YTD
- 19.15%
- 6M
- 31.26%
- 1Y
- 44.27%
- 3Y*
- 17.27%
- 5Y*
- 14.17%
- 10Y*
- 10.12%
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PRMTX vs. PRNEX - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is higher than PRNEX's 0.56% expense ratio.
Return for Risk
PRMTX vs. PRNEX — Risk / Return Rank
PRMTX
PRNEX
PRMTX vs. PRNEX - 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 New Era Fund (PRNEX). 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 | PRNEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.86 | 2.23 | -1.37 |
Sortino ratioReturn per unit of downside risk | 2.77 | 2.80 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.45 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.67 | +0.01 |
Martin ratioReturn relative to average drawdown | 7.58 | 12.65 | -5.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRMTX | PRNEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 2.23 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.76 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.49 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.38 | +0.25 |
Correlation
The correlation between PRMTX and PRNEX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
PRMTX vs. PRNEX - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 56.15%, more than PRNEX's 12.94% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 56.15% | 50.42% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
PRNEX T. Rowe Price New Era Fund | 12.94% | 15.41% | 4.81% | 11.46% | 4.47% | 2.07% | 2.54% | 2.18% | 1.69% | 1.89% | 1.28% | 2.68% |
Drawdowns
PRMTX vs. PRNEX - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -66.30%, roughly equal to the maximum PRNEX drawdown of -66.56%. Use the drawdown chart below to compare losses from any high point for PRMTX and PRNEX.
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Drawdown Indicators
| PRMTX | PRNEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -66.56% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.17% | -16.24% | +5.07% |
Max Drawdown (5Y)Largest decline over 5 years | -47.17% | -21.50% | -25.67% |
Max Drawdown (10Y)Largest decline over 10 years | -47.17% | -49.64% | +2.47% |
Current DrawdownCurrent decline from peak | -11.17% | -2.25% | -8.92% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -16.35% | +2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.42% | +0.53% |
Volatility
PRMTX vs. PRNEX - Volatility Comparison
T. Rowe Price Communications & Technology Fund (PRMTX) and T. Rowe Price New Era Fund (PRNEX) have volatilities of 5.26% and 5.01%, 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.
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Volatility by Period
| PRMTX | PRNEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 5.01% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 31.59% | 12.38% | +19.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.00% | 20.21% | +18.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.54% | 18.82% | +7.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.51% | 20.69% | +2.82% |