PRNEX vs. PRFDX
Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and T. Rowe Price Equity Income Fund (PRFDX).
PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. PRFDX is managed by T. Rowe Price. It was launched on Oct 31, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNEX or PRFDX.
Correlation
The correlation between PRNEX and PRFDX is 0.74, 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
PRNEX vs. PRFDX - Performance Comparison
Key characteristics
PRNEX:
0.57
PRFDX:
0.80
PRNEX:
0.82
PRFDX:
1.06
PRNEX:
1.11
PRFDX:
1.16
PRNEX:
0.25
PRFDX:
0.75
PRNEX:
1.90
PRFDX:
2.46
PRNEX:
4.41%
PRFDX:
4.07%
PRNEX:
14.67%
PRFDX:
12.60%
PRNEX:
-69.49%
PRFDX:
-60.96%
PRNEX:
-27.26%
PRFDX:
-7.99%
Returns By Period
In the year-to-date period, PRNEX achieves a 4.14% return, which is significantly lower than PRFDX's 4.82% return. Both investments have delivered pretty close results over the past 10 years, with PRNEX having a 3.72% annualized return and PRFDX not far behind at 3.65%.
PRNEX
4.14%
4.74%
-2.40%
7.75%
6.42%
3.72%
PRFDX
4.82%
4.22%
-1.60%
9.42%
4.95%
3.65%
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PRNEX vs. PRFDX - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is lower than PRFDX's 0.63% expense ratio.
Risk-Adjusted Performance
PRNEX vs. PRFDX — Risk-Adjusted Performance Rank
PRNEX
PRFDX
PRNEX vs. PRFDX - 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 Equity Income Fund (PRFDX). 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. PRFDX - Dividend Comparison
PRNEX's dividend yield for the trailing twelve months is around 2.05%, which matches PRFDX's 2.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNEX T. Rowe Price New Era Fund | 2.05% | 2.14% | 3.20% | 4.34% | 2.07% | 2.39% | 2.18% | 1.69% | 1.89% | 1.28% | 1.54% | 1.22% |
PRFDX T. Rowe Price Equity Income Fund | 2.03% | 2.12% | 2.09% | 2.13% | 1.75% | 2.18% | 2.37% | 2.67% | 2.01% | 2.32% | 2.28% | 2.01% |
Drawdowns
PRNEX vs. PRFDX - Drawdown Comparison
The maximum PRNEX drawdown since its inception was -69.49%, which is greater than PRFDX's maximum drawdown of -60.96%. Use the drawdown chart below to compare losses from any high point for PRNEX and PRFDX. For additional features, visit the drawdowns tool.
Volatility
PRNEX vs. PRFDX - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 3.76% compared to T. Rowe Price Equity Income Fund (PRFDX) at 3.27%. This indicates that PRNEX's price experiences larger fluctuations and is considered to be riskier than PRFDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.