PRNEX vs. PRGTX
Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and T. Rowe Price Global Technology Fund (PRGTX).
PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. PRGTX is managed by T. Rowe Price. It was launched on Sep 28, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNEX or PRGTX.
Correlation
The correlation between PRNEX and PRGTX is 0.54, 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. PRGTX - Performance Comparison
Key characteristics
PRNEX:
-0.08
PRGTX:
1.63
PRNEX:
-0.00
PRGTX:
2.18
PRNEX:
1.00
PRGTX:
1.29
PRNEX:
-0.08
PRGTX:
0.63
PRNEX:
-0.30
PRGTX:
7.43
PRNEX:
3.95%
PRGTX:
4.99%
PRNEX:
15.29%
PRGTX:
22.83%
PRNEX:
-66.56%
PRGTX:
-73.10%
PRNEX:
-14.09%
PRGTX:
-40.95%
Returns By Period
In the year-to-date period, PRNEX achieves a -1.07% return, which is significantly lower than PRGTX's 36.57% return. Over the past 10 years, PRNEX has underperformed PRGTX with an annualized return of 3.57%, while PRGTX has yielded a comparatively higher 5.54% annualized return.
PRNEX
-1.07%
-14.09%
-8.11%
-1.55%
5.62%
3.57%
PRGTX
36.57%
2.20%
10.77%
37.44%
5.47%
5.54%
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PRNEX vs. PRGTX - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is lower than PRGTX's 0.95% expense ratio.
Risk-Adjusted Performance
PRNEX vs. PRGTX - 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 Global Technology Fund (PRGTX). 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. PRGTX - Dividend Comparison
Neither PRNEX nor PRGTX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNEX T. Rowe Price New Era Fund | 0.00% | 3.20% | 4.34% | 2.07% | 2.39% | 2.18% | 1.69% | 1.89% | 1.28% | 1.54% | 1.22% | 0.56% |
PRGTX T. Rowe Price Global Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% |
Drawdowns
PRNEX vs. PRGTX - Drawdown Comparison
The maximum PRNEX drawdown since its inception was -66.56%, smaller than the maximum PRGTX drawdown of -73.10%. Use the drawdown chart below to compare losses from any high point for PRNEX and PRGTX. For additional features, visit the drawdowns tool.
Volatility
PRNEX vs. PRGTX - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 6.98% compared to T. Rowe Price Global Technology Fund (PRGTX) at 5.38%. This indicates that PRNEX's price experiences larger fluctuations and is considered to be riskier than PRGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.