PRMTX vs. PRWCX
PRMTX (T. Rowe Price Communications & Technology Fund) and PRWCX (T. Rowe Price Capital Appreciation Fund) are both mutual funds - PRMTX is a Communications Equities fund tracking the MSCI World IMI Communication Services 10/40 Index, while PRWCX is a Diversified Portfolio fund actively managed by T. Rowe Price. PRMTX is passively managed, while PRWCX is actively managed. Over the past 10 years, PRMTX returned 13.94%/yr vs 11.04%/yr for PRWCX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. PRMTX charges 0.77%/yr vs 0.68%/yr for PRWCX.
Performance
PRMTX vs. PRWCX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRMTX achieves a -5.92% return, which is significantly lower than PRWCX's 5.93% return. Over the past 10 years, PRMTX has outperformed PRWCX with an annualized return of 13.94%, while PRWCX has yielded a comparatively lower 11.04% 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%
PRWCX
- 1D
- 0.93%
- 1M
- -0.55%
- 6M
- 5.52%
- YTD
- 5.93%
- 1Y
- 10.47%
- 3Y*
- 11.92%
- 5Y*
- 8.12%
- 10Y*
- 11.04%
- ALL TIME*
- 11.19%
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. PRWCX - 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% |
PRWCX T. Rowe Price Capital Appreciation Fund | 5.93% | 12.45% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Correlation
The correlation between PRMTX and PRWCX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 7, 1994 | 0.71 |
The correlation between PRMTX and PRWCX shifts across timeframes, from 0.71 (all time) to 0.83 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRMTX vs. PRWCX — Risk / Return Rank
PRMTX
PRWCX
PRMTX vs. PRWCX - 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 Capital Appreciation Fund (PRWCX). 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 | PRWCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.29 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.22 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.54 | -1.97 |
| Martin ratioReturn relative to average drawdown | -0.92 | 6.31 | -7.22 |
Loading charts...
Drawdowns
PRMTX vs. PRWCX - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -66.30%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for PRMTX and PRWCX.
Loading charts...
Drawdown Indicators
| PRMTX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -41.77% | -24.53% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -6.32% | -10.97% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -15.96% | -4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -47.17% | -17.07% | -30.10% |
Max Drawdown (10Y)Largest decline over 10 years | -47.17% | -26.86% | -20.31% |
Current DrawdownCurrent decline from peak | -13.34% | -1.46% | -11.88% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -3.32% | -10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.03% | 1.54% | +6.49% |
Volatility
PRMTX vs. PRWCX - Volatility Comparison
T. Rowe Price Communications & Technology Fund (PRMTX) has a higher volatility of 5.73% compared to T. Rowe Price Capital Appreciation Fund (PRWCX) at 2.01%. This indicates that PRMTX's price experiences larger fluctuations and is considered to be riskier than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRMTX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 2.01% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 13.46% | 6.57% | +6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 7.91% | +8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 12.78% | +9.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 12.72% | +8.27% |
PRMTX vs. PRWCX - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is higher than PRWCX's 0.68% expense ratio.
Dividends
PRMTX vs. PRWCX - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 26.81%, more than PRWCX's 8.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRWCX T. Rowe Price Capital Appreciation Fund | 8.32% | 8.81% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Frequently Asked Questions
PRMTX and PRWCX have a correlation of 0.71, 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 PRWCX (2.01%). In terms of maximum drawdown, PRMTX dropped -66.30% vs PRWCX's -41.77%.
PRWCX currently has the higher Sharpe Ratio (1.23 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.
Find the right allocation for PRMTX and PRWCX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer