Correlation
The correlation between PRMTX and VGT is 0.85, 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.
PRMTX vs. VGT
Compare and contrast key facts about T. Rowe Price Communications & Technology Fund (PRMTX) and Vanguard Information Technology ETF (VGT).
PRMTX is managed by T. Rowe Price. It was launched on Oct 12, 1993. VGT is a passively managed fund by Vanguard that tracks the performance of the MSCI US Investable Market Information Technology 25/50 Index. It was launched on Jan 26, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRMTX or VGT.
Performance
PRMTX vs. VGT - Performance Comparison
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Key characteristics
PRMTX:
1.35
VGT:
0.47
PRMTX:
1.70
VGT:
0.71
PRMTX:
1.24
VGT:
1.10
PRMTX:
1.24
VGT:
0.40
PRMTX:
4.10
VGT:
1.29
PRMTX:
6.27%
VGT:
8.45%
PRMTX:
20.86%
VGT:
30.25%
PRMTX:
-66.12%
VGT:
-54.63%
PRMTX:
-4.11%
VGT:
-6.19%
Returns By Period
In the year-to-date period, PRMTX achieves a 6.03% return, which is significantly higher than VGT's -2.36% return. Over the past 10 years, PRMTX has underperformed VGT with an annualized return of 14.78%, while VGT has yielded a comparatively higher 19.78% annualized return.
PRMTX
6.03%
5.92%
4.04%
27.95%
19.54%
11.95%
14.78%
VGT
-2.36%
10.36%
-2.31%
13.93%
19.73%
19.26%
19.78%
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PRMTX vs. VGT - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is higher than VGT's 0.10% expense ratio.
Risk-Adjusted Performance
PRMTX vs. VGT — Risk-Adjusted Performance Rank
PRMTX
VGT
PRMTX vs. VGT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and Vanguard Information Technology ETF (VGT). 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. VGT - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 6.97%, more than VGT's 0.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 6.97% | 7.39% | 7.74% | 17.50% | 8.35% | 5.29% | 1.22% | 1.28% | 2.35% | 2.24% | 3.20% | 10.82% |
VGT Vanguard Information Technology ETF | 0.53% | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% |
Drawdowns
PRMTX vs. VGT - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -66.12%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for PRMTX and VGT.
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Volatility
PRMTX vs. VGT - Volatility Comparison
The current volatility for T. Rowe Price Communications & Technology Fund (PRMTX) is 3.11%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.70%. This indicates that PRMTX experiences smaller price fluctuations and is considered to be less risky than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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