T Rowe Price New Era Fund I (TRNEX)

46.14 +0.07 (+0.15%) USD  |  Feb 04 2026
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TRNEX Max Drawdown (5Y): 21.48% for Jan. 31, 2026

Max Drawdown (5Y) Chart

Sep '18
Jan '19
May '19
 
285.00
270.00
255.00
240.00
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Historical Data

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Max Drawdown Definition

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Max drawdown is an indicator of the risk of a portfolio chosen based on a certain strategy. It measures the largest single drop from peak to bottom in the value of a portfolio before a new peak is achieved.

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Max Drawdown (5Y) Range, Past 5 Years

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Median

Max Drawdown (5Y) Benchmarks

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PGIM Jennison Natural Resources Fund Z 29.20%
Vanguard Materials Index Fund Admiral 25.45%
Nomura Natural Resources Fund Y 29.31%
VanEck Global Resources Fund I 27.67%
GMO Resources I 44.77%

Max Drawdown (5Y) Related Metrics

Alpha (5Y) 2.383
Beta (5Y) 0.8558
Alpha (vs YCharts Benchmark) (5Y) 1.499
Beta (vs YCharts Benchmark) (5Y) 0.7764
Annualized Standard Deviation of Monthly Returns (5Y Lookback) 16.76%
Historical Sharpe Ratio (5Y) 0.6319
Historical Sortino (5Y) 0.958
Monthly Value at Risk (VaR) 5% (5Y Lookback) 6.92%

Max Drawdown (5Y) Excel Add-In Codes

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Metric Code: max_drawdown_5y
Latest Data Point: =YCP("M:TRNEX", "max_drawdown_5y")
Last 5 Data Points: =YCS("M:TRNEX", "max_drawdown_5y", -4)
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.