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 0.84, 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
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Key characteristics
PRMTX:
0.74
QQQ:
0.45
PRMTX:
1.08
QQQ:
0.81
PRMTX:
1.16
QQQ:
1.11
PRMTX:
0.42
QQQ:
0.51
PRMTX:
2.09
QQQ:
1.65
PRMTX:
7.65%
QQQ:
6.96%
PRMTX:
21.68%
QQQ:
25.14%
PRMTX:
-75.22%
QQQ:
-82.98%
PRMTX:
-27.32%
QQQ:
-9.42%
Returns By Period
In the year-to-date period, PRMTX achieves a 1.82% return, which is significantly higher than QQQ's -4.41% return. Over the past 10 years, PRMTX has underperformed QQQ with an annualized return of 8.81%, while QQQ has yielded a comparatively higher 17.24% annualized return.
PRMTX
1.82%
10.15%
-4.13%
15.95%
2.84%
8.81%
QQQ
-4.41%
9.37%
-4.80%
11.06%
17.35%
17.24%
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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.
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Dividends
PRMTX vs. QQQ - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 7.26%, more than QQQ's 0.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 7.26% | 7.39% | 7.74% | 17.50% | 8.35% | 5.29% | 1.22% | 1.28% | 2.35% | 2.24% | 3.20% | 10.82% |
QQQ Invesco QQQ | 0.61% | 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.
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Volatility
PRMTX vs. QQQ - Volatility Comparison
The current volatility for T. Rowe Price Communications & Technology Fund (PRMTX) is 5.97%, while Invesco QQQ (QQQ) has a volatility of 8.24%. This indicates that PRMTX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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