PRMTX vs. QQQ
Compare and contrast key facts about T. Rowe Price Communications & Technology Fund (PRMTX) and Invesco QQQ (QQQ).
PRMTX is managed by T. Rowe Price. It was launched on Oct 12, 1993. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRMTX or QQQ.
Correlation
The correlation between PRMTX and QQQ is 0.86, 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. QQQ - Performance Comparison
Key characteristics
PRMTX:
1.72
QQQ:
1.49
PRMTX:
2.18
QQQ:
2.02
PRMTX:
1.31
QQQ:
1.27
PRMTX:
0.71
QQQ:
2.00
PRMTX:
7.30
QQQ:
6.96
PRMTX:
4.11%
QQQ:
3.89%
PRMTX:
17.49%
QQQ:
18.18%
PRMTX:
-75.22%
QQQ:
-82.98%
PRMTX:
-25.25%
QQQ:
-0.87%
Returns By Period
In the year-to-date period, PRMTX achieves a 4.72% return, which is significantly higher than QQQ's 4.19% return. Over the past 10 years, PRMTX has underperformed QQQ with an annualized return of 9.47%, while QQQ has yielded a comparatively higher 18.71% annualized return.
PRMTX
4.72%
1.36%
16.90%
28.03%
4.72%
9.47%
QQQ
4.19%
0.51%
16.58%
25.83%
19.89%
18.71%
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PRMTX vs. QQQ - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PRMTX vs. QQQ — Risk-Adjusted Performance Rank
PRMTX
QQQ
PRMTX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PRMTX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.53%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 0.00% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.01% | 0.03% | 0.20% | 2.46% |
QQQ Invesco QQQ | 0.53% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
PRMTX vs. QQQ - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -75.22%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PRMTX and QQQ. For additional features, visit the drawdowns tool.
Volatility
PRMTX vs. QQQ - Volatility Comparison
T. Rowe Price Communications & Technology Fund (PRMTX) and Invesco QQQ (QQQ) have volatilities of 5.14% and 5.37%, 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.