- ISIN
- US77956H8640
- CUSIP
- 77956H864
- Issuer
- T. Rowe Price
- Inception Date
- Mar 30, 1995
- Category
- Emerging Markets Diversified
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PRMSX Performance Chart
T. Rowe Price Emerging Markets Stock Fund (PRMSX) is up 32.8% since the beginning of the year. PRMSX is currently trading at $59 per share. Investors who bought $1,000 worth of PRMSX shares 5 years ago would now be looking at an investment worth $1,185.
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Returns By Period
T. Rowe Price Emerging Markets Stock Fund (PRMSX) has returned 32.75% so far this year and 63.81% over the past 12 months. Over the last ten years, PRMSX has returned 8.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
T. Rowe Price Emerging Markets Stock Fund
- 1D
- 3.36%
- 1M
- 8.77%
- YTD
- 32.75%
- 6M
- 35.45%
- 1Y
- 63.81%
- 3Y*
- 18.27%
- 5Y*
- 3.46%
- 10Y*
- 8.39%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PRMSX Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 1995, PRMSX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 58% of months were positive and 42% were negative. The best month was Dec 1999 with a return of +21.7%, while the worst month was Aug 1998 at -31.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PRMSX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +13.8%, while the worst single day was Mar 16, 2020 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.01% | 5.74% | -10.41% | 13.74% | 9.54% | 4.13% | 32.75% | ||||||
| 2025 | 0.74% | -0.12% | 2.14% | 0.06% | 2.61% | 5.14% | 0.66% | 3.67% | 7.00% | 5.05% | -1.93% | 3.79% | 32.46% |
| 2024 | -5.75% | 5.09% | 0.52% | -2.23% | 0.00% | 2.73% | -0.00% | 0.92% | 4.78% | -3.82% | -2.41% | -0.97% | -1.72% |
| 2023 | 9.39% | -6.63% | 3.34% | -2.73% | -2.78% | 4.06% | 4.01% | -6.83% | -4.00% | -4.19% | 6.45% | 3.59% | 2.08% |
| 2022 | 0.02% | -7.20% | -4.24% | -7.01% | 1.31% | -4.01% | -1.32% | -1.39% | -11.29% | -2.99% | 16.99% | -2.68% | -23.35% |
| 2021 | 2.28% | 0.61% | -1.45% | -0.07% | 1.84% | -0.28% | -7.88% | 2.79% | -4.48% | 0.90% | -6.28% | 1.71% | -10.47% |
Benchmark Metrics
T. Rowe Price Emerging Markets Stock Fund has an annualized alpha of 1.42%, beta of 0.77, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since March 31, 1995.
- This fund participated in 110.72% of S&P 500 Index downside but only 104.69% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.50 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.42%
- Beta
- 0.77
- R²
- 0.50
- Upside Capture
- 104.69%
- Downside Capture
- 110.72%
Expense Ratio
PRMSX has a high expense ratio of 1.20%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PRMSX ranks 89 for risk / return — in the top 89% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Emerging Markets Stock Fund (PRMSX) and compare them to S&P 500 Index.
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.
| PRMSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.37 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.65 | 2.78 | +1.87 |
| Martin ratioReturn relative to average drawdown | 17.90 | 12.44 | +5.46 |
Dividends
Dividend History
T. Rowe Price Emerging Markets Stock Fund provided a 0.43% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.12 | $0.38 | $0.40 | $3.74 | $0.27 | $0.58 | $0.23 | $0.08 | $0.22 | $0.16 |
Dividend yield | 0.43% | 0.57% | 0.35% | 1.09% | 1.17% | 8.26% | 0.49% | 1.24% | 0.61% | 0.18% | 0.69% | 0.56% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Emerging Markets Stock Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.38 | $0.38 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.74 | $3.74 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Emerging Markets Stock Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Emerging Markets Stock Fund was 71.13%, occurring on Nov 20, 2008. Recovery took 2203 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.13%Nov 2008 | 1y 20d | 8y 9mo | 9y 9moNov 2007 - Aug 2017 |
Dot-com crash2000–2002 | -54.59%Sep 2001 | 1y 6mo | 2y 6mo | 4y 29dMar 2000 - Apr 2004 |
1998 bear market1998 | -52.24%Sep 1998 | 1y 2mo | 1y 3mo | 2y 5moJul 1997 - Dec 1999 |
Bear market2022 | -46.28%Oct 2022 | 1y 8mo | 3y 6mo | 5y 2moFeb 2021 - May 2026 |
COVID crash2020 | -32.24%Mar 2020 | 2mo 9d | 6mo 23d | 9mo 2dJan 2020 - Oct 2020 |
Drawdown Indicators
| PRMSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.13% | -56.78% | -14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -13.56% | -9.10% | -4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -16.47% | -18.90% | +2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -42.75% | -25.43% | -17.32% |
Max Drawdown (10Y)Largest decline over 10 years | -46.28% | -33.92% | -12.36% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -21.09% | -10.71% | -10.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 2.03% | +1.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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