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.
Key characteristics
| PRMTX | VGT | |
|---|---|---|
| YTD Return | 38.72% | 29.40% |
| 1Y Return | 38.65% | 41.46% |
| 3Y Return (Ann) | -8.12% | 12.41% |
| 5Y Return (Ann) | 7.20% | 23.00% |
| 10Y Return (Ann) | 8.73% | 20.95% |
| Sharpe Ratio | 2.29 | 1.94 |
| Sortino Ratio | 2.81 | 2.51 |
| Omega Ratio | 1.43 | 1.35 |
| Calmar Ratio | 0.84 | 2.68 |
| Martin Ratio | 12.46 | 9.65 |
| Ulcer Index | 3.09% | 4.22% |
| Daily Std Dev | 16.83% | 20.96% |
| Max Drawdown | -75.22% | -54.63% |
| Current Drawdown | -23.25% | -0.41% |
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.
Performance
PRMTX vs. VGT - Performance Comparison
In the year-to-date period, PRMTX achieves a 38.72% return, which is significantly higher than VGT's 29.40% return. Over the past 10 years, PRMTX has underperformed VGT with an annualized return of 8.73%, while VGT has yielded a comparatively higher 20.95% 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. 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 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.
Dividends
PRMTX vs. VGT - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 0.14%, less than VGT's 0.60% 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% |
VGT Vanguard Information Technology ETF | 0.60% | 0.65% | 0.91% | 0.64% | 0.82% | 1.11% | 1.29% | 0.99% | 1.31% | 1.28% | 1.12% | 1.05% |
Drawdowns
PRMTX vs. VGT - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -75.22%, 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. For additional features, visit the drawdowns tool.
Volatility
PRMTX vs. VGT - Volatility Comparison
The current volatility for T. Rowe Price Communications & Technology Fund (PRMTX) is 3.93%, while Vanguard Information Technology ETF (VGT) has a volatility of 6.28%. 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.