PAGLX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Global Growth Stock Fund (PAGLX) and S&P 500 Index (^GSPC).

PAGLX is managed by T. Rowe Price. It was launched on Oct 26, 2008.

Performance

PAGLX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Growth Stock Fund (PAGLX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

PAGLX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAGLX T. Rowe Price Global Growth Stock Fund	-3.87%	14.37%	18.57%	18.99%	-29.87%	10.73%	43.90%	30.55%	-7.22%	34.08%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	28.88%	-6.24%	19.42%

Returns By Period

The year-to-date returns for both stocks are quite close, with PAGLX having a -3.87% return and ^GSPC slightly lower at -3.95%. Over the past 10 years, PAGLX has underperformed ^GSPC with an annualized return of 11.20%, while ^GSPC has yielded a comparatively higher 12.24% annualized return.

PAGLX

• 1D: 3.01%
• 1M: -6.24%
• YTD: -3.87%
• 6M: -2.38%
• 1Y: 13.23%
• 3Y*: 13.34%
• 5Y*: 2.89%
• 10Y*: 11.20%

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

PAGLX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PAGLX

PAGLX Risk / Return Rank: 34
PAGLX Sharpe Ratio Rank: 30
PAGLX Sortino Ratio Rank: 30
PAGLX Omega Ratio Rank: 31
PAGLX Calmar Ratio Rank: 38
PAGLX Martin Ratio Rank: 40

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PAGLX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Growth Stock Fund (PAGLX) and S&P 500 Index (^GSPC). 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.

	PAGLX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.79	0.92	-0.13
Sortino ratio Return per unit of downside risk	1.19	1.41	-0.22
Omega ratio Gain probability vs. loss probability	1.17	1.21	-0.04
Calmar ratio Return relative to maximum drawdown	1.17	1.41	-0.24
Martin ratio Return relative to average drawdown	4.68	6.61	-1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAGLX vs. ^GSPC - Sharpe Ratio Comparison

The current PAGLX Sharpe Ratio is 0.79, which is comparable to the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PAGLX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PAGLX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	0.92	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.61	-0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.68	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.46	+0.18

Correlation

The correlation between PAGLX and ^GSPC is 0.91, 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.

Drawdowns

PAGLX vs. ^GSPC - Drawdown Comparison

The maximum PAGLX drawdown since its inception was -39.76%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PAGLX and ^GSPC.

Drawdown Indicators

	PAGLX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-56.78%	+17.02%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-12.14%	+0.51%
Max Drawdown (5Y) Largest decline over 5 years	-39.76%	-25.43%	-14.33%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-33.92%	-5.84%
Current Drawdown Current decline from peak	-7.82%	-5.78%	-2.04%
Average Drawdown Average peak-to-trough decline	-7.78%	-10.75%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	2.60%	+0.31%

Volatility

PAGLX vs. ^GSPC - Volatility Comparison

T. Rowe Price Global Growth Stock Fund (PAGLX) has a higher volatility of 6.61% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that PAGLX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAGLX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.61%	5.37%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	11.29%	9.55%	+1.74%
Volatility (1Y) Calculated over the trailing 1-year period	17.43%	18.33%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.49%	16.90%	+0.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.01%	18.05%	-0.04%