PRSCX vs. PRFHX
PRSCX (T. Rowe Price Science And Technology Fund) and PRFHX (T. Rowe Price Tax Free High Yield Fund) are both mutual funds - PRSCX is a Technology Equities fund actively managed by T. Rowe Price, while PRFHX is a High Yield Muni fund managed by T. Rowe Price. Over the past 10 years, PRSCX returned 21.44%/yr vs 2.93%/yr for PRFHX. At a correlation of -0.01, they often move in opposite directions. PRSCX charges 0.80%/yr vs 0.63%/yr for PRFHX.
Performance
PRSCX vs. PRFHX - Performance Comparison
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Returns By Period
In the year-to-date period, PRSCX achieves a 25.22% return, which is significantly higher than PRFHX's 3.43% return. Over the past 10 years, PRSCX has outperformed PRFHX with an annualized return of 21.44%, while PRFHX has yielded a comparatively lower 2.93% annualized return.
PRSCX
- 1D
- -0.14%
- 1M
- -6.71%
- 6M
- 22.00%
- YTD
- 25.22%
- 1Y
- 45.68%
- 3Y*
- 32.04%
- 5Y*
- 15.49%
- 10Y*
- 21.44%
PRFHX
- 1D
- -0.09%
- 1M
- 0.34%
- 6M
- 2.78%
- YTD
- 3.43%
- 1Y
- 11.76%
- 3Y*
- 6.50%
- 5Y*
- 1.58%
- 10Y*
- 2.93%
PRSCX vs. PRFHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRSCX T. Rowe Price Science And Technology Fund | 25.22% | 24.28% | 40.49% | 53.77% | -35.40% | 5.83% | 45.94% | 53.80% | -7.52% | 39.38% |
PRFHX T. Rowe Price Tax Free High Yield Fund | 3.43% | 5.53% | 7.00% | 7.65% | -14.41% | 6.09% | 3.40% | 9.03% | 0.66% | 7.31% |
Correlation
The correlation between PRSCX and PRFHX is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1988 | -0.01 |
The correlation between PRSCX and PRFHX shifts across timeframes, from -0.01 (all time) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PRSCX vs. PRFHX — Risk / Return Rank
PRSCX
PRFHX
PRSCX vs. PRFHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Science And Technology Fund (PRSCX) and T. Rowe Price Tax Free High Yield Fund (PRFHX). 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.
| PRSCX | PRFHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.92 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.88 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 4.26 | -1.58 |
| Martin ratioReturn relative to average drawdown | 8.29 | 17.94 | -9.65 |
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Drawdowns
PRSCX vs. PRFHX - Drawdown Comparison
The maximum PRSCX drawdown since its inception was -85.26%, which is greater than PRFHX's maximum drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for PRSCX and PRFHX.
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Drawdown Indicators
| PRSCX | PRFHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.26% | -24.76% | -60.50% |
Max Drawdown (1Y)Largest decline over 1 year | -17.99% | -2.75% | -15.24% |
Max Drawdown (3Y)Largest decline over 3 years | -31.06% | -6.91% | -24.15% |
Max Drawdown (5Y)Largest decline over 5 years | -46.19% | -18.81% | -27.38% |
Max Drawdown (10Y)Largest decline over 10 years | -46.19% | -18.81% | -27.38% |
Current DrawdownCurrent decline from peak | -13.61% | -0.62% | -12.99% |
Average DrawdownAverage peak-to-trough decline | -29.82% | -2.77% | -27.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.72% | 0.70% | +5.02% |
Volatility
PRSCX vs. PRFHX - Volatility Comparison
T. Rowe Price Science And Technology Fund (PRSCX) has a higher volatility of 17.71% compared to T. Rowe Price Tax Free High Yield Fund (PRFHX) at 0.71%. This indicates that PRSCX's price experiences larger fluctuations and is considered to be riskier than PRFHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRSCX | PRFHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.71% | 0.71% | +17.00% |
Volatility (6M)Calculated over the trailing 6-month period | 28.01% | 2.32% | +25.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.47% | 3.29% | +28.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.31% | 4.90% | +24.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.57% | 4.64% | +20.93% |
PRSCX vs. PRFHX - Expense Ratio Comparison
PRSCX has a 0.80% expense ratio, which is higher than PRFHX's 0.63% expense ratio.
Dividends
PRSCX vs. PRFHX - Dividend Comparison
PRSCX's dividend yield for the trailing twelve months is around 9.20%, more than PRFHX's 5.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRFHX T. Rowe Price Tax Free High Yield Fund | 5.50% | 5.46% | 4.75% | 4.19% | 2.81% | 3.01% | 3.47% | 3.52% | 3.71% | 3.64% | 3.88% | 4.02% |
PRSCX T. Rowe Price Science And Technology Fund | 9.20% | 11.53% | 9.43% | 0.00% | 7.83% | 33.69% | 13.90% | 10.91% | 36.03% | 13.21% | 3.68% | 18.51% |
Frequently Asked Questions
PRSCX and PRFHX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRSCX has higher volatility (17.71%) compared to PRFHX (0.71%). In terms of maximum drawdown, PRSCX dropped -85.26% vs PRFHX's -24.76%.
PRFHX currently has the higher Sharpe Ratio (3.57 vs 1.53), 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.
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