LLGLX vs. PRAFX

Last updated Aug 4, 2026

LLGLX (Longleaf Partners Global Fund) and PRAFX (T. Rowe Price Real Assets Fund) are both Global Equities funds. Over the past 10 years, LLGLX returned 7.38%/yr vs 7.75%/yr for PRAFX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. LLGLX charges 1.15%/yr vs 0.92%/yr for PRAFX.

Performance

LLGLX vs. PRAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Longleaf Partners Global Fund (LLGLX) and T. Rowe Price Real Assets Fund (PRAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LLGLX achieves a 3.93% return, which is significantly lower than PRAFX's 10.24% return. Over the past 10 years, LLGLX has underperformed PRAFX with an annualized return of 7.38%, while PRAFX has yielded a comparatively higher 7.75% annualized return.

LLGLX

• 1D: 0.28%
• 1M: 0.55%
• 6M: -0.95%
• YTD: 3.93%
• 1Y: 11.74%
• 3Y*: 9.51%
• 5Y*: 4.13%
• 10Y*: 7.38%
• ALL TIME*: 6.17%

PRAFX

• 1D: -0.76%
• 1M: 1.14%
• 6M: 2.15%
• YTD: 10.24%
• 1Y: 31.97%
• 3Y*: 13.38%
• 5Y*: 7.56%
• 10Y*: 7.75%
• ALL TIME*: 6.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
LLGLX Longleaf Partners Global Fund	$0.00	$0.00	$0.00
PRAFX T. Rowe Price Real Assets Fund	$0.00	$0.00	$0.00

LLGLX vs. PRAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LLGLX Longleaf Partners Global Fund	3.93%	16.68%	10.54%	22.48%	-24.14%	8.09%	3.60%	22.46%	-16.14%	26.34%
PRAFX T. Rowe Price Real Assets Fund	10.24%	29.51%	0.32%	6.65%	-10.24%	25.74%	7.02%	19.62%	-11.55%	10.48%

Correlation

The correlation between LLGLX and PRAFX is 0.46, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.46
Correlation (3Y) Balances recent behavior with more history.	0.60
Correlation (5Y) Shows whether the relationship held over a longer period.	0.71
Correlation (10Y) Provides a long-term view across more market conditions.	0.70
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013	0.71

Over the past year, the correlation between LLGLX and PRAFX has dropped to 0.46 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

LLGLX vs. PRAFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

LLGLX

LLGLX Risk / Return Rank: 19
LLGLX Sharpe Ratio Rank: 22
LLGLX Sortino Ratio Rank: 22
LLGLX Omega Ratio Rank: 21
LLGLX Calmar Ratio Rank: 17
LLGLX Martin Ratio Rank: 15

PRAFX

PRAFX Risk / Return Rank: 67
PRAFX Sharpe Ratio Rank: 79
PRAFX Sortino Ratio Rank: 66
PRAFX Omega Ratio Rank: 73
PRAFX Calmar Ratio Rank: 73
PRAFX Martin Ratio Rank: 45

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

LLGLX vs. PRAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Longleaf Partners Global Fund (LLGLX) 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.

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.

	LLGLX	PRAFX	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.91	-1.08
Sortino ratio: Return per unit of downside risk	1.29	2.41	-1.12
Omega ratio: Gain probability vs. loss probability	1.15	1.34	-0.18
Calmar ratio: Return relative to maximum drawdown	0.89	2.49	-1.60
Martin ratio: Return relative to average drawdown	2.16	6.80	-4.64

LLGLX vs. PRAFX - Sharpe Ratio Comparison

The current LLGLX Sharpe Ratio is 0.84, which is lower than the PRAFX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of LLGLX and PRAFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LLGLX vs. PRAFX - Drawdown Comparison

The maximum LLGLX drawdown since its inception was -40.46%, which is greater than PRAFX's maximum drawdown of -38.05%. Use the drawdown chart below to compare losses from any high point for LLGLX and PRAFX.

Drawdown Indicators

	LLGLX	PRAFX	Difference
Max Drawdown Largest peak-to-trough decline	-40.46%	-38.05%	-2.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-12.91%	-0.54%
Max Drawdown (3Y) Largest decline over 3 years	-19.94%	-16.86%	-3.08%
Max Drawdown (5Y) Largest decline over 5 years	-35.84%	-26.73%	-9.11%
Max Drawdown (10Y) Largest decline over 10 years	-40.46%	-38.05%	-2.41%
Current Drawdown Current decline from peak	-3.58%	-7.85%	+4.27%
Average Drawdown Average peak-to-trough decline	-10.80%	-8.76%	-2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.52%	4.70%	+0.82%

Volatility

LLGLX vs. PRAFX - Volatility Comparison

Longleaf Partners Global Fund (LLGLX) has a higher volatility of 4.89% compared to T. Rowe Price Real Assets Fund (PRAFX) at 3.78%. This indicates that LLGLX'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.

Volatility by Period

	LLGLX	PRAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	3.78%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	13.97%	-3.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.35%	16.80%	-2.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.51%	17.73%	+0.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	18.13%	+0.66%

LLGLX vs. PRAFX - Expense Ratio Comparison

LLGLX has a 1.15% expense ratio, which is higher than PRAFX's 0.92% expense ratio.

Dividends

LLGLX vs. PRAFX - Dividend Comparison

LLGLX's dividend yield for the trailing twelve months is around 9.21%, more than PRAFX's 2.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LLGLX Longleaf Partners Global Fund	9.21%	9.57%	3.16%	0.14%	0.90%	7.15%	2.99%	4.31%	12.38%	1.09%	0.49%	0.24%
PRAFX T. Rowe Price Real Assets Fund	2.67%	2.94%	1.56%	1.52%	1.38%	1.83%	1.37%	2.64%	2.58%	1.45%	1.96%	1.88%

Frequently Asked Questions

Can I hold both LLGLX and PRAFX in my portfolio?

LLGLX and PRAFX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLGLX or PRAFX?

LLGLX has higher volatility (4.89%) compared to PRAFX (3.78%). In terms of maximum drawdown, LLGLX dropped -40.46% vs PRAFX's -38.05%.

Which has better risk-adjusted returns?

PRAFX currently has the higher Sharpe Ratio (1.91 vs 0.84), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.