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PRMTX vs. VTI
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PRMTXVTI
YTD Return38.72%26.21%
1Y Return38.65%38.35%
3Y Return (Ann)-8.12%8.70%
5Y Return (Ann)7.20%15.34%
10Y Return (Ann)8.73%12.90%
Sharpe Ratio2.293.04
Sortino Ratio2.814.05
Omega Ratio1.431.57
Calmar Ratio0.844.46
Martin Ratio12.4619.72
Ulcer Index3.09%1.94%
Daily Std Dev16.83%12.58%
Max Drawdown-75.22%-55.45%
Current Drawdown-23.25%-0.39%

Correlation

-0.50.00.51.00.8

The correlation between PRMTX and VTI 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. VTI - Performance Comparison

In the year-to-date period, PRMTX achieves a 38.72% return, which is significantly higher than VTI's 26.21% return. Over the past 10 years, PRMTX has underperformed VTI with an annualized return of 8.73%, while VTI has yielded a comparatively higher 12.90% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
22.32%
14.99%
PRMTX
VTI

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PRMTX vs. VTI - Expense Ratio Comparison

PRMTX has a 0.77% expense ratio, which is higher than VTI's 0.03% expense ratio.


PRMTX
T. Rowe Price Communications & Technology Fund
Expense ratio chart for PRMTX: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%
Expense ratio chart for VTI: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

PRMTX vs. VTI - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Communications & Technology Fund (PRMTX) and Vanguard Total Stock Market ETF (VTI). 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.


PRMTX
Sharpe ratio
The chart of Sharpe ratio for PRMTX, currently valued at 2.29, compared to the broader market0.002.004.002.29
Sortino ratio
The chart of Sortino ratio for PRMTX, currently valued at 2.81, compared to the broader market0.005.0010.002.81
Omega ratio
The chart of Omega ratio for PRMTX, currently valued at 1.43, compared to the broader market1.002.003.004.001.43
Calmar ratio
The chart of Calmar ratio for PRMTX, currently valued at 0.84, compared to the broader market0.005.0010.0015.0020.000.84
Martin ratio
The chart of Martin ratio for PRMTX, currently valued at 12.46, compared to the broader market0.0020.0040.0060.0080.00100.0012.46
VTI
Sharpe ratio
The chart of Sharpe ratio for VTI, currently valued at 3.04, compared to the broader market0.002.004.003.04
Sortino ratio
The chart of Sortino ratio for VTI, currently valued at 4.05, compared to the broader market0.005.0010.004.05
Omega ratio
The chart of Omega ratio for VTI, currently valued at 1.57, compared to the broader market1.002.003.004.001.57
Calmar ratio
The chart of Calmar ratio for VTI, currently valued at 4.46, compared to the broader market0.005.0010.0015.0020.004.46
Martin ratio
The chart of Martin ratio for VTI, currently valued at 19.72, compared to the broader market0.0020.0040.0060.0080.00100.0019.72

PRMTX vs. VTI - Sharpe Ratio Comparison

The current PRMTX Sharpe Ratio is 2.29, which is comparable to the VTI Sharpe Ratio of 3.04. The chart below compares the historical Sharpe Ratios of PRMTX and VTI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.29
3.04
PRMTX
VTI

Dividends

PRMTX vs. VTI - Dividend Comparison

PRMTX's dividend yield for the trailing twelve months is around 0.14%, less than VTI's 1.26% yield.


TTM20232022202120202019201820172016201520142013
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%
VTI
Vanguard Total Stock Market ETF
1.26%1.44%1.67%1.21%1.42%1.78%2.04%1.71%1.92%1.98%1.76%1.74%

Drawdowns

PRMTX vs. VTI - Drawdown Comparison

The maximum PRMTX drawdown since its inception was -75.22%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PRMTX and VTI. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-23.25%
-0.39%
PRMTX
VTI

Volatility

PRMTX vs. VTI - Volatility Comparison

T. Rowe Price Communications & Technology Fund (PRMTX) and Vanguard Total Stock Market ETF (VTI) have volatilities of 3.93% and 4.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.93%
4.06%
PRMTX
VTI