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PRSCX vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PRSCX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Science And Technology Fund (PRSCX) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%200.00%400.00%600.00%800.00%1,000.00%JuneJulyAugustSeptemberOctoberNovember
34.59%
1,041.88%
PRSCX
QQQ

Returns By Period

In the year-to-date period, PRSCX achieves a 34.49% return, which is significantly higher than QQQ's 21.78% return. Over the past 10 years, PRSCX has underperformed QQQ with an annualized return of 2.11%, while QQQ has yielded a comparatively higher 17.95% annualized return.


PRSCX

YTD

34.49%

1M

2.58%

6M

13.22%

1Y

39.78%

5Y (annualized)

4.86%

10Y (annualized)

2.11%

QQQ

YTD

21.78%

1M

1.15%

6M

10.25%

1Y

29.54%

5Y (annualized)

20.42%

10Y (annualized)

17.95%

Key characteristics


PRSCXQQQ
Sharpe Ratio1.791.70
Sortino Ratio2.402.29
Omega Ratio1.311.31
Calmar Ratio0.802.19
Martin Ratio8.337.96
Ulcer Index4.80%3.72%
Daily Std Dev22.37%17.39%
Max Drawdown-87.38%-82.98%
Current Drawdown-28.91%-3.42%

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PRSCX vs. QQQ - Expense Ratio Comparison

PRSCX has a 0.84% expense ratio, which is higher than QQQ's 0.20% expense ratio.


PRSCX
T. Rowe Price Science And Technology Fund
Expense ratio chart for PRSCX: current value at 0.84% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.84%
Expense ratio chart for QQQ: current value at 0.20% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.20%

Correlation

-0.50.00.51.00.9

The correlation between PRSCX and QQQ is 0.92, 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

PRSCX vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Science And Technology Fund (PRSCX) and Invesco QQQ (QQQ). 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.


Sharpe ratio
The chart of Sharpe ratio for PRSCX, currently valued at 1.79, compared to the broader market0.002.004.001.791.70
The chart of Sortino ratio for PRSCX, currently valued at 2.40, compared to the broader market0.005.0010.002.402.29
The chart of Omega ratio for PRSCX, currently valued at 1.31, compared to the broader market1.002.003.004.001.311.31
The chart of Calmar ratio for PRSCX, currently valued at 0.80, compared to the broader market0.005.0010.0015.0020.0025.000.802.19
The chart of Martin ratio for PRSCX, currently valued at 8.33, compared to the broader market0.0020.0040.0060.0080.00100.008.337.96
PRSCX
QQQ

The current PRSCX Sharpe Ratio is 1.79, which is comparable to the QQQ Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of PRSCX and QQQ, 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 Ratio1.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
1.79
1.70
PRSCX
QQQ

Dividends

PRSCX vs. QQQ - Dividend Comparison

PRSCX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.


TTM20232022202120202019201820172016201520142013
PRSCX
T. Rowe Price Science And Technology Fund
0.00%0.00%0.00%0.00%0.54%0.81%0.00%0.00%0.00%0.00%0.00%0.00%
QQQ
Invesco QQQ
0.61%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%1.02%

Drawdowns

PRSCX vs. QQQ - Drawdown Comparison

The maximum PRSCX drawdown since its inception was -87.38%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PRSCX and QQQ. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-28.91%
-3.42%
PRSCX
QQQ

Volatility

PRSCX vs. QQQ - Volatility Comparison

T. Rowe Price Science And Technology Fund (PRSCX) has a higher volatility of 6.43% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that PRSCX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
6.43%
5.62%
PRSCX
QQQ