PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
PRNEX vs. PRISX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PRNEXPRISX
YTD Return13.00%35.13%
1Y Return17.91%54.89%
3Y Return (Ann)7.00%10.64%
5Y Return (Ann)9.52%15.99%
10Y Return (Ann)4.14%12.84%
Sharpe Ratio1.333.58
Sortino Ratio1.815.01
Omega Ratio1.231.65
Calmar Ratio1.993.45
Martin Ratio5.7725.79
Ulcer Index3.28%2.20%
Daily Std Dev14.23%15.81%
Max Drawdown-66.56%-67.34%
Current Drawdown-0.26%0.00%

Correlation

-0.50.00.51.00.6

The correlation between PRNEX and PRISX is 0.61, 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. PRISX - Performance Comparison

In the year-to-date period, PRNEX achieves a 13.00% return, which is significantly lower than PRISX's 35.13% return. Over the past 10 years, PRNEX has underperformed PRISX with an annualized return of 4.14%, while PRISX has yielded a comparatively higher 12.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%JuneJulyAugustSeptemberOctoberNovember
2.31%
20.27%
PRNEX
PRISX

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PRNEX vs. PRISX - Expense Ratio Comparison

PRNEX has a 0.56% expense ratio, which is lower than PRISX's 0.88% expense ratio.


PRISX
T. Rowe Price Financial Services Fund
Expense ratio chart for PRISX: current value at 0.88% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.88%
Expense ratio chart for PRNEX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%

Risk-Adjusted Performance

PRNEX vs. PRISX - 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 Financial Services Fund (PRISX). 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
Sharpe ratio
The chart of Sharpe ratio for PRNEX, currently valued at 1.33, compared to the broader market0.002.004.001.33
Sortino ratio
The chart of Sortino ratio for PRNEX, currently valued at 1.81, compared to the broader market0.005.0010.001.81
Omega ratio
The chart of Omega ratio for PRNEX, currently valued at 1.23, compared to the broader market1.002.003.004.001.23
Calmar ratio
The chart of Calmar ratio for PRNEX, currently valued at 1.99, compared to the broader market0.005.0010.0015.0020.0025.001.99
Martin ratio
The chart of Martin ratio for PRNEX, currently valued at 5.77, compared to the broader market0.0020.0040.0060.0080.00100.005.77
PRISX
Sharpe ratio
The chart of Sharpe ratio for PRISX, currently valued at 3.58, compared to the broader market0.002.004.003.58
Sortino ratio
The chart of Sortino ratio for PRISX, currently valued at 5.01, compared to the broader market0.005.0010.005.01
Omega ratio
The chart of Omega ratio for PRISX, currently valued at 1.65, compared to the broader market1.002.003.004.001.65
Calmar ratio
The chart of Calmar ratio for PRISX, currently valued at 3.45, compared to the broader market0.005.0010.0015.0020.0025.003.45
Martin ratio
The chart of Martin ratio for PRISX, currently valued at 25.79, compared to the broader market0.0020.0040.0060.0080.00100.0025.79

PRNEX vs. PRISX - Sharpe Ratio Comparison

The current PRNEX Sharpe Ratio is 1.33, which is lower than the PRISX Sharpe Ratio of 3.58. The chart below compares the historical Sharpe Ratios of PRNEX and PRISX, 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.33
3.58
PRNEX
PRISX

Dividends

PRNEX vs. PRISX - Dividend Comparison

PRNEX's dividend yield for the trailing twelve months is around 2.83%, more than PRISX's 1.48% yield.


TTM20232022202120202019201820172016201520142013
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%
PRISX
T. Rowe Price Financial Services Fund
1.48%2.00%1.99%1.25%1.49%1.53%1.77%0.86%0.89%1.18%1.08%0.88%

Drawdowns

PRNEX vs. PRISX - Drawdown Comparison

The maximum PRNEX drawdown since its inception was -66.56%, roughly equal to the maximum PRISX drawdown of -67.34%. Use the drawdown chart below to compare losses from any high point for PRNEX and PRISX. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-0.26%
0
PRNEX
PRISX

Volatility

PRNEX vs. PRISX - Volatility Comparison

The current volatility for T. Rowe Price New Era Fund (PRNEX) is 4.03%, while T. Rowe Price Financial Services Fund (PRISX) has a volatility of 7.69%. This indicates that PRNEX experiences smaller price fluctuations and is considered to be less risky than PRISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


3.00%4.00%5.00%6.00%7.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.03%
7.69%
PRNEX
PRISX