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.
Key characteristics
| PRMTX | QQQ | |
|---|---|---|
| YTD Return | 37.01% | 26.09% |
| 1Y Return | 39.01% | 39.88% |
| 3Y Return (Ann) | -8.53% | 9.90% |
| 5Y Return (Ann) | 6.98% | 21.46% |
| 10Y Return (Ann) | 8.71% | 18.52% |
| Sharpe Ratio | 2.27 | 2.22 |
| Sortino Ratio | 2.80 | 2.92 |
| Omega Ratio | 1.43 | 1.40 |
| Calmar Ratio | 0.83 | 2.86 |
| Martin Ratio | 12.40 | 10.44 |
| Ulcer Index | 3.09% | 3.72% |
| Daily Std Dev | 16.89% | 17.47% |
| Max Drawdown | -75.22% | -82.98% |
| Current Drawdown | -24.20% | 0.00% |
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
In the year-to-date period, PRMTX achieves a 37.01% return, which is significantly higher than QQQ's 26.09% return. Over the past 10 years, PRMTX has underperformed QQQ with an annualized return of 8.71%, while QQQ has yielded a comparatively higher 18.52% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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's dividend yield for the trailing twelve months is around 0.14%, less than QQQ's 0.59% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 0.14% | 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 | 0.59% | 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
The current volatility for T. Rowe Price Communications & Technology Fund (PRMTX) is 3.91%, while Invesco QQQ (QQQ) has a volatility of 5.17%. 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.