PRNEX vs. PRISX
PRNEX (T. Rowe Price New Era Fund) and PRISX (T. Rowe Price Financial Services Fund) are both mutual funds - PRNEX is a Energy Equities fund managed by T. Rowe Price, while PRISX is a Financials Equities fund managed by BlackRock. Over the past 10 years, PRNEX returned 8.67%/yr vs 15.80%/yr for PRISX. A 0.60 correlation means they provide meaningful diversification when combined. PRNEX charges 0.56%/yr vs 0.88%/yr for PRISX.
Performance
PRNEX vs. PRISX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRNEX achieves a 17.67% return, which is significantly higher than PRISX's 2.05% return. Over the past 10 years, PRNEX has underperformed PRISX with an annualized return of 8.67%, while PRISX has yielded a comparatively higher 15.80% annualized return.
PRNEX
- 1D
- 1.27%
- 1M
- -3.97%
- YTD
- 17.67%
- 6M
- 16.89%
- 1Y
- 32.70%
- 3Y*
- 15.40%
- 5Y*
- 11.29%
- 10Y*
- 8.67%
PRISX
- 1D
- 0.54%
- 1M
- 4.20%
- YTD
- 2.05%
- 6M
- 0.50%
- 1Y
- 14.14%
- 3Y*
- 24.69%
- 5Y*
- 12.25%
- 10Y*
- 15.80%
PRNEX vs. PRISX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRNEX T. Rowe Price New Era Fund | 17.67% | 18.85% | 4.41% | 1.02% | 7.14% | 25.35% | -2.63% | 16.91% | -16.23% | 10.57% |
PRISX T. Rowe Price Financial Services Fund | 2.05% | 18.75% | 30.87% | 14.95% | -10.99% | 37.83% | 5.65% | 32.84% | -10.12% | 19.17% |
Correlation
The correlation between PRNEX and PRISX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.60 |
Over the past year, the correlation between PRNEX and PRISX has dropped to 0.28 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRNEX vs. PRISX — Risk / Return Rank
PRNEX
PRISX
PRNEX vs. PRISX - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PRNEX | PRISX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.10 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.77 | 1.11 | +3.66 |
| Martin ratioReturn relative to average drawdown | 16.60 | 3.09 | +13.51 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| PRNEX | PRISX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.56% | -67.34% | +0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -13.92% | +7.33% |
Max Drawdown (3Y)Largest decline over 3 years | -20.19% | -18.06% | -2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -21.50% | -26.95% | +5.45% |
Max Drawdown (10Y)Largest decline over 10 years | -49.64% | -42.86% | -6.78% |
Current DrawdownCurrent decline from peak | -5.40% | -1.17% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -16.28% | -11.24% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 4.99% | -3.10% |
Volatility
PRNEX vs. PRISX - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 5.63% compared to T. Rowe Price Financial Services Fund (PRISX) at 4.35%. This indicates that PRNEX's price experiences larger fluctuations and is considered to be riskier than PRISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PRNEX | PRISX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 4.35% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 12.21% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.16% | 15.94% | -0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.70% | 20.20% | -1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.63% | 21.87% | -1.24% |
PRNEX vs. PRISX - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is lower than PRISX's 0.88% expense ratio.
Dividends
PRNEX vs. PRISX - Dividend Comparison
PRNEX's dividend yield for the trailing twelve months is around 7.68%, more than PRISX's 6.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRISX T. Rowe Price Financial Services Fund | 6.73% | 6.87% | 8.74% | 2.00% | 2.08% | 3.00% | 10.22% | 6.14% | 11.97% | 4.68% | 1.00% | 3.86% |
PRNEX T. Rowe Price New Era Fund | 7.68% | 9.04% | 4.81% | 11.46% | 4.47% | 2.07% | 2.54% | 2.18% | 1.69% | 1.89% | 1.28% | 2.68% |
Frequently Asked Questions
PRNEX and PRISX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRNEX has higher volatility (5.63%) compared to PRISX (4.35%). In terms of maximum drawdown, PRNEX dropped -66.56% vs PRISX's -67.34%.
PRNEX currently has the higher Sharpe Ratio (2.08 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PRNEX and PRISX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer