PRNEX vs. PRDGX
Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and T. Rowe Price Dividend Growth Fund, Inc. (PRDGX).
PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. PRDGX is managed by T. Rowe Price. It was launched on Dec 30, 1992.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNEX or PRDGX.
Key characteristics
| PRNEX | PRDGX | |
|---|---|---|
| YTD Return | 12.78% | 18.14% |
| 1Y Return | 18.70% | 28.73% |
| 3Y Return (Ann) | 6.62% | 7.56% |
| 5Y Return (Ann) | 9.28% | 12.71% |
| 10Y Return (Ann) | 4.02% | 12.07% |
| Sharpe Ratio | 1.32 | 2.86 |
| Sortino Ratio | 1.80 | 3.99 |
| Omega Ratio | 1.23 | 1.53 |
| Calmar Ratio | 1.95 | 4.25 |
| Martin Ratio | 5.72 | 19.68 |
| Ulcer Index | 3.28% | 1.41% |
| Daily Std Dev | 14.22% | 9.71% |
| Max Drawdown | -66.56% | -49.79% |
| Current Drawdown | -0.45% | -0.11% |
Correlation
The correlation between PRNEX and PRDGX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRNEX vs. PRDGX - Performance Comparison
In the year-to-date period, PRNEX achieves a 12.78% return, which is significantly lower than PRDGX's 18.14% return. Over the past 10 years, PRNEX has underperformed PRDGX with an annualized return of 4.02%, while PRDGX has yielded a comparatively higher 12.07% 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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PRNEX vs. PRDGX - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is lower than PRDGX's 0.62% expense ratio.
Risk-Adjusted Performance
PRNEX vs. PRDGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and T. Rowe Price Dividend Growth Fund, Inc. (PRDGX). 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
PRNEX vs. PRDGX - Dividend Comparison
PRNEX's dividend yield for the trailing twelve months is around 2.83%, more than PRDGX's 0.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNEX T. Rowe Price New Era Fund | 2.83% | 3.20% | 4.34% | 2.07% | 2.39% | 2.18% | 1.69% | 1.89% | 1.28% | 1.54% | 1.22% | 0.56% |
PRDGX T. Rowe Price Dividend Growth Fund, Inc. | 0.98% | 1.16% | 1.14% | 0.78% | 1.03% | 1.24% | 1.76% | 1.22% | 1.53% | 1.78% | 1.30% | 1.22% |
Drawdowns
PRNEX vs. PRDGX - Drawdown Comparison
The maximum PRNEX drawdown since its inception was -66.56%, which is greater than PRDGX's maximum drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for PRNEX and PRDGX. For additional features, visit the drawdowns tool.
Volatility
PRNEX vs. PRDGX - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 4.07% compared to T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) at 3.21%. This indicates that PRNEX's price experiences larger fluctuations and is considered to be riskier than PRDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.