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:
1.96
QQQ:
1.71
PRMTX:
2.45
QQQ:
2.27
PRMTX:
1.36
QQQ:
1.31
PRMTX:
0.73
QQQ:
2.26
PRMTX:
11.20
QQQ:
8.12
PRMTX:
3.00%
QQQ:
3.77%
PRMTX:
17.12%
QQQ:
17.88%
PRMTX:
-75.22%
QQQ:
-82.98%
PRMTX:
-26.26%
QQQ:
-1.37%
Returns By Period
In the year-to-date period, PRMTX achieves a 33.28% return, which is significantly higher than QQQ's 30.18% return. Over the past 10 years, PRMTX has underperformed QQQ with an annualized return of 9.30%, while QQQ has yielded a comparatively higher 18.54% annualized return.
PRMTX
33.28%
-4.15%
10.12%
33.56%
5.11%
9.30%
QQQ
30.18%
4.95%
10.88%
30.61%
20.73%
18.54%
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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 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 0.58%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.19% | 0.01% | 0.03% | 0.20% | 2.46% | 0.30% |
QQQ Invesco QQQ | 0.58% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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) has a higher volatility of 8.31% compared to Invesco QQQ (QQQ) at 5.48%. This indicates that PRMTX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.