PRMTX vs. TRVLX
PRMTX (T. Rowe Price Communications & Technology Fund) and TRVLX (T. Rowe Price Value Fund) are both mutual funds - PRMTX is a Communications Equities fund tracking the MSCI World IMI Communication Services 10/40 Index, while TRVLX is a Large Cap Value Equities fund managed by T. Rowe Price. Over the past 10 years, PRMTX returned 14.98%/yr vs 11.68%/yr for TRVLX. A 0.71 correlation means they provide meaningful diversification when combined. PRMTX charges 0.77%/yr vs 0.65%/yr for TRVLX.
Performance
PRMTX vs. TRVLX - Performance Comparison
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Returns By Period
In the year-to-date period, PRMTX achieves a 0.66% return, which is significantly lower than TRVLX's 16.14% return. Over the past 10 years, PRMTX has outperformed TRVLX with an annualized return of 14.98%, while TRVLX has yielded a comparatively lower 11.68% annualized return.
PRMTX
- 1D
- 0.43%
- 1M
- -0.88%
- 6M
- 2.11%
- YTD
- 0.66%
- 1Y
- -1.16%
- 3Y*
- 20.23%
- 5Y*
- 5.35%
- 10Y*
- 14.98%
TRVLX
- 1D
- 0.25%
- 1M
- 1.29%
- 6M
- 11.19%
- YTD
- 16.14%
- 1Y
- 22.74%
- 3Y*
- 17.19%
- 5Y*
- 10.27%
- 10Y*
- 11.68%
PRMTX vs. TRVLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 0.66% | 6.86% | 48.75% | 39.30% | -40.90% | 9.81% | 53.69% | 35.69% | -1.85% | 33.00% |
TRVLX T. Rowe Price Value Fund | 16.14% | 12.20% | 14.98% | 12.16% | -11.37% | 29.86% | 10.48% | 26.20% | -9.44% | 17.35% |
Correlation
The correlation between PRMTX and TRVLX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1994 | 0.71 |
Over the past year, the correlation between PRMTX and TRVLX has dropped to 0.44 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
PRMTX vs. TRVLX — Risk / Return Rank
PRMTX
TRVLX
PRMTX vs. TRVLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and T. Rowe Price Value Fund (TRVLX). 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 | TRVLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.39 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 3.35 | -3.40 |
| Martin ratioReturn relative to average drawdown | -0.11 | 13.25 | -13.36 |
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Drawdowns
PRMTX vs. TRVLX - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -66.30%, which is greater than TRVLX's maximum drawdown of -60.22%. Use the drawdown chart below to compare losses from any high point for PRMTX and TRVLX.
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Drawdown Indicators
| PRMTX | TRVLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.30% | -60.22% | -6.08% |
Max Drawdown (1Y)Largest decline over 1 year | -17.29% | -7.05% | -10.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -13.01% | -7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -47.17% | -20.35% | -26.82% |
Max Drawdown (10Y)Largest decline over 10 years | -47.17% | -38.65% | -8.52% |
Current DrawdownCurrent decline from peak | -7.28% | -0.55% | -6.73% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -7.48% | -6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 1.77% | +5.87% |
Volatility
PRMTX vs. TRVLX - Volatility Comparison
T. Rowe Price Communications & Technology Fund (PRMTX) has a higher volatility of 6.30% compared to T. Rowe Price Value Fund (TRVLX) at 2.63%. This indicates that PRMTX's price experiences larger fluctuations and is considered to be riskier than TRVLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRMTX | TRVLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.30% | 2.63% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 8.38% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.64% | 11.08% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.73% | 14.21% | +7.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 17.26% | +3.68% |
PRMTX vs. TRVLX - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is higher than TRVLX's 0.65% expense ratio.
Dividends
PRMTX vs. TRVLX - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 25.06%, more than TRVLX's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 25.06% | 25.23% | 14.78% | 7.74% | 17.50% | 8.35% | 5.29% | 2.45% | 1.28% | 2.35% | 2.24% | 3.20% |
TRVLX T. Rowe Price Value Fund | 3.93% | 4.56% | 8.50% | 2.97% | 10.09% | 10.92% | 2.33% | 1.69% | 11.09% | 5.89% | 3.06% | 8.77% |
Frequently Asked Questions
PRMTX and TRVLX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRMTX has higher volatility (6.30%) compared to TRVLX (2.63%). In terms of maximum drawdown, PRMTX dropped -66.30% vs TRVLX's -60.22%.
TRVLX currently has the higher Sharpe Ratio (2.15 vs -0.05), 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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