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.
Performance
PRMTX vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, PRMTX achieves a 39.05% return, which is significantly higher than QQQ's 24.04% return. Over the past 10 years, PRMTX has underperformed QQQ with an annualized return of 8.71%, while QQQ has yielded a comparatively higher 18.03% annualized return.
PRMTX
39.05%
6.85%
19.98%
34.00%
6.99%
8.71%
QQQ
24.04%
3.57%
10.78%
30.56%
20.99%
18.03%
Key characteristics
PRMTX | QQQ | |
---|---|---|
Sharpe Ratio | 2.02 | 1.76 |
Sortino Ratio | 2.51 | 2.35 |
Omega Ratio | 1.38 | 1.32 |
Calmar Ratio | 0.74 | 2.25 |
Martin Ratio | 10.97 | 8.18 |
Ulcer Index | 3.10% | 3.74% |
Daily Std Dev | 16.86% | 17.36% |
Max Drawdown | -75.22% | -82.98% |
Current Drawdown | -23.07% | -1.62% |
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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.
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.
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 0.60% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
Invesco QQQ | 0.60% | 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 4.17%, while Invesco QQQ (QQQ) has a volatility of 5.36%. 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.