PRMTX - Comapring recent 6 months to QQQ/XLC

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PRMTX seem to being experiencing a unusual under performance over the last 6 months compared to QQQ or XLC. Maybe not a perfect comparison, but PRMTX has under performed by about 15%. Any thoughts on the reasons for such a large short term differential?

https://portfolioslab.com/tools/stock-comparison/PRMTX/QQQ

https://portfolioslab.com/tools/stock-comparison/PRMTX/xlc

Roth Conversion Strategy:
If it appears to be a short term glitch, I am considering an "in kind" Roth conversion with some of these shares of PRMTX before the end of the year. Roth Conversion needs to be completed by 12/31/25 for TY2025.

Consider a Roth Conversion when your fund is temporarily under performing (article is referencing a pull back in early 2023):

Say you own 10 shares of an ETF, each worth $100, in your traditional IRA. If you convert it to a Roth, you’d owe taxes on the dollar value of the shares: $1,000. But if your portfolio declined by 20%, you could move those same 10 shares over and pay taxes on $800.

Once your stocks are converted, they’ll ideally continue to grow tax-free in your Roth account until you’re ready to withdraw the money in retirement.

“There’s no question if you’re paying for something and it costs less, that’s good,” says Slott. “But you don’t really know when the market is really down. It’s hard to time the market for a Roth conversion.”

As Slott points out, the market could rebound or drop further from current levels, so you’ll never know if you’re getting the best possible deal.

That’s why, if you’re interested in converting, he suggests scheduling a series of small conversions between now and 2026, when the lower tax rates set forth in the Tax Cuts and Jobs Act are set to expire. These tax cuts will continue through 2028

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