PRNHX vs. FXAIX
Compare and contrast key facts about T. Rowe Price New Horizons Fund (PRNHX) and Fidelity 500 Index Fund (FXAIX).
PRNHX is managed by T. Rowe Price. It was launched on Jun 3, 1960. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNHX or FXAIX.
Performance
PRNHX vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, PRNHX achieves a 7.31% return, which is significantly lower than FXAIX's 25.56% return. Over the past 10 years, PRNHX has underperformed FXAIX with an annualized return of 11.90%, while FXAIX has yielded a comparatively higher 13.05% annualized return.
PRNHX
7.31%
2.06%
7.33%
19.65%
7.93%
11.90%
FXAIX
25.56%
1.00%
11.92%
31.93%
15.65%
13.05%
Key characteristics
| PRNHX | FXAIX | |
|---|---|---|
| Sharpe Ratio | 1.22 | 2.69 |
| Sortino Ratio | 1.75 | 3.58 |
| Omega Ratio | 1.22 | 1.50 |
| Calmar Ratio | 0.53 | 3.90 |
| Martin Ratio | 3.90 | 17.55 |
| Ulcer Index | 5.29% | 1.88% |
| Daily Std Dev | 16.94% | 12.25% |
| Max Drawdown | -55.79% | -33.79% |
| Current Drawdown | -26.42% | -1.35% |
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PRNHX vs. FXAIX - Expense Ratio Comparison
PRNHX has a 0.75% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between PRNHX and FXAIX is 0.82, 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.
Risk-Adjusted Performance
PRNHX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Horizons Fund (PRNHX) and Fidelity 500 Index Fund (FXAIX). 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
PRNHX vs. FXAIX - Dividend Comparison
PRNHX has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNHX T. Rowe Price New Horizons Fund | 0.00% | 0.00% | 4.72% | 17.09% | 13.58% | 11.73% | 13.94% | 8.27% | 5.77% | 7.72% | 11.65% | 6.61% |
FXAIX Fidelity 500 Index Fund | 1.23% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
PRNHX vs. FXAIX - Drawdown Comparison
The maximum PRNHX drawdown since its inception was -55.79%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for PRNHX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
PRNHX vs. FXAIX - Volatility Comparison
T. Rowe Price New Horizons Fund (PRNHX) has a higher volatility of 6.15% compared to Fidelity 500 Index Fund (FXAIX) at 4.06%. This indicates that PRNHX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.