TRREX vs. PRAFX
Compare and contrast key facts about T. Rowe Price Real Estate Fund (TRREX) and T. Rowe Price Real Assets Fund (PRAFX).
TRREX is managed by T. Rowe Price. It was launched on Oct 31, 1997. PRAFX is managed by T. Rowe Price. It was launched on Jul 27, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRREX or PRAFX.
Key characteristics
| TRREX | PRAFX | |
|---|---|---|
| YTD Return | 9.48% | 9.42% |
| 1Y Return | 29.51% | 24.02% |
| 3Y Return (Ann) | -1.12% | 1.76% |
| 5Y Return (Ann) | 3.80% | 8.09% |
| 10Y Return (Ann) | 4.78% | 5.07% |
| Sharpe Ratio | 1.63 | 1.63 |
| Sortino Ratio | 2.37 | 2.32 |
| Omega Ratio | 1.29 | 1.29 |
| Calmar Ratio | 0.91 | 1.14 |
| Martin Ratio | 5.73 | 7.43 |
| Ulcer Index | 4.78% | 3.10% |
| Daily Std Dev | 16.82% | 14.14% |
| Max Drawdown | -74.81% | -38.05% |
| Current Drawdown | -9.29% | -1.77% |
Correlation
The correlation between TRREX and PRAFX is 0.70, 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
TRREX vs. PRAFX - Performance Comparison
The year-to-date returns for both stocks are quite close, with TRREX having a 9.48% return and PRAFX slightly lower at 9.42%. Over the past 10 years, TRREX has underperformed PRAFX with an annualized return of 4.78%, while PRAFX has yielded a comparatively higher 5.07% 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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TRREX vs. PRAFX - Expense Ratio Comparison
TRREX has a 0.77% expense ratio, which is lower than PRAFX's 0.92% expense ratio.
Risk-Adjusted Performance
TRREX vs. PRAFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Real Estate Fund (TRREX) and T. Rowe Price Real Assets Fund (PRAFX). 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
TRREX vs. PRAFX - Dividend Comparison
TRREX's dividend yield for the trailing twelve months is around 2.41%, more than PRAFX's 1.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRREX T. Rowe Price Real Estate Fund | 2.41% | 2.76% | 2.66% | 1.78% | 3.33% | 2.92% | 2.91% | 2.72% | 2.28% | 2.26% | 2.23% | 2.31% |
PRAFX T. Rowe Price Real Assets Fund | 1.39% | 1.52% | 1.38% | 1.83% | 1.37% | 2.64% | 2.58% | 1.45% | 1.96% | 1.88% | 1.57% | 1.39% |
Drawdowns
TRREX vs. PRAFX - Drawdown Comparison
The maximum TRREX drawdown since its inception was -74.81%, which is greater than PRAFX's maximum drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for TRREX and PRAFX. For additional features, visit the drawdowns tool.
Volatility
TRREX vs. PRAFX - Volatility Comparison
T. Rowe Price Real Estate Fund (TRREX) has a higher volatility of 5.34% compared to T. Rowe Price Real Assets Fund (PRAFX) at 3.32%. This indicates that TRREX's price experiences larger fluctuations and is considered to be riskier than PRAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.