PRNEX vs. SCHD
Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and Schwab US Dividend Equity ETF (SCHD).
PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNEX or SCHD.
Key characteristics
| PRNEX | SCHD | |
|---|---|---|
| YTD Return | 12.78% | 17.75% |
| 1Y Return | 18.70% | 31.70% |
| 3Y Return (Ann) | 6.62% | 7.26% |
| 5Y Return (Ann) | 9.28% | 12.80% |
| 10Y Return (Ann) | 4.02% | 11.72% |
| Sharpe Ratio | 1.32 | 2.67 |
| Sortino Ratio | 1.80 | 3.84 |
| Omega Ratio | 1.23 | 1.47 |
| Calmar Ratio | 1.95 | 2.80 |
| Martin Ratio | 5.72 | 14.83 |
| Ulcer Index | 3.28% | 2.04% |
| Daily Std Dev | 14.22% | 11.32% |
| Max Drawdown | -66.56% | -33.37% |
| Current Drawdown | -0.45% | 0.00% |
Correlation
The correlation between PRNEX and SCHD is 0.75, 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. SCHD - Performance Comparison
In the year-to-date period, PRNEX achieves a 12.78% return, which is significantly lower than SCHD's 17.75% return. Over the past 10 years, PRNEX has underperformed SCHD with an annualized return of 4.02%, while SCHD has yielded a comparatively higher 11.72% 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. SCHD - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PRNEX vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
PRNEX's dividend yield for the trailing twelve months is around 2.83%, less than SCHD's 3.36% 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% |
SCHD Schwab US Dividend Equity ETF | 3.36% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PRNEX vs. SCHD - Drawdown Comparison
The maximum PRNEX drawdown since its inception was -66.56%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PRNEX and SCHD. For additional features, visit the drawdowns tool.
Volatility
PRNEX vs. SCHD - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 4.07% compared to Schwab US Dividend Equity ETF (SCHD) at 3.57%. This indicates that PRNEX's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.