PRMTX vs. SHSAX
PRMTX (T. Rowe Price Communications & Technology Fund) and SHSAX (BlackRock Health Sciences Opportunities Portfolio) are both mutual funds - PRMTX is a Communications Equities fund tracking the MSCI World IMI Communication Services 10/40 Index, while SHSAX is a Health & Biotech Equities fund managed by BlackRock. Over the past 10 years, PRMTX returned 13.94%/yr vs 9.92%/yr for SHSAX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. PRMTX charges 0.77%/yr vs 1.09%/yr for SHSAX.
Performance
PRMTX vs. SHSAX - Performance Comparison
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Returns By Period
In the year-to-date period, PRMTX achieves a -5.92% return, which is significantly lower than SHSAX's 5.93% return. Over the past 10 years, PRMTX has outperformed SHSAX with an annualized return of 13.94%, while SHSAX has yielded a comparatively lower 9.92% annualized return.
PRMTX
- 1D
- 0.85%
- 1M
- -5.00%
- 6M
- -4.16%
- YTD
- -5.92%
- 1Y
- -6.58%
- 3Y*
- 17.24%
- 5Y*
- 3.71%
- 10Y*
- 13.94%
- ALL TIME*
- 14.50%
SHSAX
- 1D
- -0.74%
- 1M
- -1.37%
- 6M
- 5.84%
- YTD
- 5.93%
- 1Y
- 25.84%
- 3Y*
- 9.08%
- 5Y*
- 4.84%
- 10Y*
- 9.92%
- ALL TIME*
- 13.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRMTX vs. SHSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | -5.92% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 5.93% | 15.85% | 3.73% | 3.59% | -5.94% | 11.88% | 19.44% | 25.27% | 7.93% | 24.74% |
Correlation
The correlation between PRMTX and SHSAX is 0.15, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.15 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.49 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2000 | 0.64 |
Over the past year, the correlation between PRMTX and SHSAX has dropped to 0.15 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
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Return for Risk
PRMTX vs. SHSAX — Risk / Return Rank
PRMTX
SHSAX
PRMTX vs. SHSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and BlackRock Health Sciences Opportunities Portfolio (SHSAX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRMTX | SHSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.43 | -2.86 |
| Martin ratioReturn relative to average drawdown | -0.92 | 5.81 | -6.72 |
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Drawdowns
PRMTX vs. SHSAX - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -66.30%, which is greater than SHSAX's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for PRMTX and SHSAX.
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Drawdown Indicators
| PRMTX | SHSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -35.49% | -30.81% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -9.87% | -7.42% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -16.08% | -4.61% |
Max Drawdown (5Y)Largest decline over 5 years | -47.17% | -17.99% | -29.18% |
Max Drawdown (10Y)Largest decline over 10 years | -47.17% | -28.36% | -18.81% |
Current DrawdownCurrent decline from peak | -13.34% | -1.78% | -11.56% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -6.16% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.03% | 4.13% | +3.90% |
Volatility
PRMTX vs. SHSAX - Volatility Comparison
T. Rowe Price Communications & Technology Fund (PRMTX) has a higher volatility of 5.73% compared to BlackRock Health Sciences Opportunities Portfolio (SHSAX) at 5.25%. This indicates that PRMTX's price experiences larger fluctuations and is considered to be riskier than SHSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRMTX | SHSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 5.25% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.46% | 11.72% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 14.93% | +1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.79% | 14.66% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.99% | 16.60% | +4.39% |
PRMTX vs. SHSAX - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is lower than SHSAX's 1.09% expense ratio.
Dividends
PRMTX vs. SHSAX - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 26.81%, more than SHSAX's 15.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 26.81% | 25.23% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
SHSAX BlackRock Health Sciences Opportunities Portfolio | 15.34% | 10.63% | 9.18% | 3.84% | 7.44% | 9.20% | 4.34% | 3.89% | 8.56% | 3.53% | 2.43% | 12.58% |
Frequently Asked Questions
PRMTX and SHSAX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRMTX has higher volatility (5.73%) compared to SHSAX (5.25%). In terms of maximum drawdown, PRMTX dropped -66.30% vs SHSAX's -35.49%.
SHSAX currently has the higher Sharpe Ratio (1.61 vs -0.46), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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