PRMTX vs. VOO
Compare and contrast key facts about T. Rowe Price Communications & Technology Fund (PRMTX) and Vanguard S&P 500 ETF (VOO).
PRMTX is managed by T. Rowe Price. It was launched on Oct 12, 1993. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRMTX or VOO.
Correlation
The correlation between PRMTX and VOO 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. VOO - Performance Comparison
Key characteristics
PRMTX:
0.76
VOO:
0.32
PRMTX:
1.12
VOO:
0.57
PRMTX:
1.16
VOO:
1.08
PRMTX:
0.76
VOO:
0.32
PRMTX:
2.81
VOO:
1.42
PRMTX:
5.61%
VOO:
4.19%
PRMTX:
20.81%
VOO:
18.73%
PRMTX:
-66.12%
VOO:
-33.99%
PRMTX:
-15.13%
VOO:
-13.85%
Returns By Period
In the year-to-date period, PRMTX achieves a -6.17% return, which is significantly higher than VOO's -9.88% return. Over the past 10 years, PRMTX has outperformed VOO with an annualized return of 13.61%, while VOO has yielded a comparatively lower 11.66% annualized return.
PRMTX
-6.17%
-3.90%
-1.25%
17.10%
11.28%
13.61%
VOO
-9.88%
-6.86%
-9.35%
6.85%
14.69%
11.66%
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PRMTX vs. VOO - Expense Ratio Comparison
PRMTX has a 0.77% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PRMTX vs. VOO — Risk-Adjusted Performance Rank
PRMTX
VOO
PRMTX vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PRMTX's dividend yield for the trailing twelve months is around 7.88%, more than VOO's 1.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRMTX T. Rowe Price Communications & Technology Fund | 7.88% | 7.39% | 7.74% | 17.50% | 8.35% | 5.29% | 1.22% | 1.28% | 2.35% | 2.24% | 3.20% | 10.82% |
VOO Vanguard S&P 500 ETF | 1.44% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PRMTX vs. VOO - Drawdown Comparison
The maximum PRMTX drawdown since its inception was -66.12%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PRMTX and VOO. For additional features, visit the drawdowns tool.
Volatility
PRMTX vs. VOO - Volatility Comparison
The current volatility for T. Rowe Price Communications & Technology Fund (PRMTX) is 12.21%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.31%. This indicates that PRMTX experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.