PRNEX vs. FSENX

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and Fidelity Select Energy Portfolio (FSENX).

PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. FSENX is managed by Fidelity. It was launched on Jul 14, 1981.

Performance

PRNEX vs. FSENX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price New Era Fund (PRNEX) and Fidelity Select Energy Portfolio (FSENX). The values are adjusted to include any dividend payments, if applicable.

PRNEX vs. FSENX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRNEX T. Rowe Price New Era Fund	19.15%	26.94%	4.41%	1.02%	7.14%	25.35%	-2.63%	16.91%	-16.23%	10.57%
FSENX Fidelity Select Energy Portfolio	40.53%	10.56%	4.26%	0.94%	62.98%	55.31%	-32.51%	9.90%	-24.94%	-2.65%

Returns By Period

In the year-to-date period, PRNEX achieves a 19.15% return, which is significantly lower than FSENX's 40.53% return. Over the past 10 years, PRNEX has underperformed FSENX with an annualized return of 10.12%, while FSENX has yielded a comparatively higher 11.42% annualized return.

PRNEX

• 1D: -1.11%
• 1M: -1.19%
• YTD: 19.15%
• 6M: 31.26%
• 1Y: 44.27%
• 3Y*: 17.27%
• 5Y*: 14.17%
• 10Y*: 10.12%

FSENX

• 1D: -1.22%
• 1M: 10.46%
• YTD: 40.53%
• 6M: 42.43%
• 1Y: 47.28%
• 3Y*: 19.38%
• 5Y*: 26.59%
• 10Y*: 11.42%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRNEX vs. FSENX - Expense Ratio Comparison

PRNEX has a 0.56% expense ratio, which is lower than FSENX's 0.77% expense ratio.

FSENX

Fidelity Select Energy Portfolio

PRNEX

T. Rowe Price New Era Fund

Return for Risk

PRNEX vs. FSENX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRNEX

PRNEX Risk / Return Rank: 93
PRNEX Sharpe Ratio Rank: 95
PRNEX Sortino Ratio Rank: 93
PRNEX Omega Ratio Rank: 93
PRNEX Calmar Ratio Rank: 92
PRNEX Martin Ratio Rank: 94

FSENX

FSENX Risk / Return Rank: 88
FSENX Sharpe Ratio Rank: 92
FSENX Sortino Ratio Rank: 89
FSENX Omega Ratio Rank: 87
FSENX Calmar Ratio Rank: 89
FSENX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRNEX vs. FSENX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and Fidelity Select Energy Portfolio (FSENX). 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.

	PRNEX	FSENX	Difference
Sharpe ratio Return per unit of total volatility	2.23	1.98	+0.24
Sortino ratio Return per unit of downside risk	2.80	2.47	+0.33
Omega ratio Gain probability vs. loss probability	1.45	1.37	+0.09
Calmar ratio Return relative to maximum drawdown	2.67	2.37	+0.29
Martin ratio Return relative to average drawdown	12.65	8.33	+4.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRNEX vs. FSENX - Sharpe Ratio Comparison

The current PRNEX Sharpe Ratio is 2.23, which is comparable to the FSENX Sharpe Ratio of 1.98. The chart below compares the historical Sharpe Ratios of PRNEX and FSENX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PRNEX	FSENX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.23	1.98	+0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.98	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.37	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.33	+0.06

Correlation

The correlation between PRNEX and FSENX is 0.84, 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.

Dividends

PRNEX vs. FSENX - Dividend Comparison

PRNEX's dividend yield for the trailing twelve months is around 12.94%, more than FSENX's 1.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRNEX T. Rowe Price New Era Fund	12.94%	15.41%	4.81%	11.46%	4.47%	2.07%	2.54%	2.18%	1.69%	1.89%	1.28%	2.68%
FSENX Fidelity Select Energy Portfolio	1.38%	1.95%	1.95%	1.98%	2.50%	2.25%	3.43%	1.84%	1.48%	1.74%	0.62%	1.29%

Drawdowns

PRNEX vs. FSENX - Drawdown Comparison

The maximum PRNEX drawdown since its inception was -66.56%, smaller than the maximum FSENX drawdown of -76.24%. Use the drawdown chart below to compare losses from any high point for PRNEX and FSENX.

Drawdown Indicators

	PRNEX	FSENX	Difference
Max Drawdown Largest peak-to-trough decline	-66.56%	-76.24%	+9.68%
Max Drawdown (1Y) Largest decline over 1 year	-16.24%	-19.96%	+3.72%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-28.02%	+6.52%
Max Drawdown (10Y) Largest decline over 10 years	-49.64%	-72.11%	+22.47%
Current Drawdown Current decline from peak	-2.25%	-1.22%	-1.03%
Average Drawdown Average peak-to-trough decline	-16.35%	-17.06%	+0.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	5.69%	-2.27%

Volatility

PRNEX vs. FSENX - Volatility Comparison

T. Rowe Price New Era Fund (PRNEX) and Fidelity Select Energy Portfolio (FSENX) have volatilities of 5.01% and 5.09%, 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.

Volatility by Period

	PRNEX	FSENX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.01%	5.09%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	12.38%	13.62%	-1.24%
Volatility (1Y) Calculated over the trailing 1-year period	20.21%	24.68%	-4.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.82%	27.41%	-8.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.69%	30.99%	-10.30%