PAGLX vs. CAEIX

Last updated Aug 1, 2026

PAGLX (T. Rowe Price Global Growth Stock Fund) and CAEIX (Calvert Global Energy Solutions Fund) are both Global Equities funds. Over the past 10 years, PAGLX returned 12.11%/yr vs 10.87%/yr for CAEIX. Their correlation of 0.83 means they have usually moved in the same direction. PAGLX charges 1.10%/yr vs 0.99%/yr for CAEIX.

Performance

PAGLX vs. CAEIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Growth Stock Fund (PAGLX) and Calvert Global Energy Solutions Fund (CAEIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAGLX achieves a 9.21% return, which is significantly lower than CAEIX's 11.52% return. Over the past 10 years, PAGLX has outperformed CAEIX with an annualized return of 12.11%, while CAEIX has yielded a comparatively lower 10.87% annualized return.

PAGLX

• 1D: 2.64%
• 1M: -2.07%
• 6M: 6.47%
• YTD: 9.21%
• 1Y: 18.03%
• 3Y*: 14.47%
• 5Y*: 3.94%
• 10Y*: 12.11%
• ALL TIME*: 13.00%

CAEIX

• 1D: 2.90%
• 1M: -2.87%
• 6M: 4.77%
• YTD: 11.52%
• 1Y: 25.44%
• 3Y*: 8.41%
• 5Y*: 3.86%
• 10Y*: 10.87%
• ALL TIME*: 1.09%

*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)
CAEIX Calvert Global Energy Solutions Fund	$0.00	$0.00	$0.00
PAGLX T. Rowe Price Global Growth Stock Fund	$0.00	$0.00	$0.00

PAGLX vs. CAEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAGLX T. Rowe Price Global Growth Stock Fund	9.21%	14.37%	18.57%	18.99%	-29.87%	10.73%	43.90%	30.55%	-7.22%	34.08%
CAEIX Calvert Global Energy Solutions Fund	11.52%	32.61%	-7.13%	5.67%	-17.43%	6.73%	61.52%	33.48%	-19.26%	29.65%

Correlation

The correlation between PAGLX and CAEIX is 0.84, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.84
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (5Y) Shows whether the relationship held over a longer period.	0.84
Correlation (10Y) Provides a long-term view across more market conditions.	0.84
Correlation (All Time) Calculated using the full available price history since Oct 28, 2008	0.83

The correlation between PAGLX and CAEIX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

Return for Risk

PAGLX vs. CAEIX — Risk / Return Rank

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

PAGLX

PAGLX Risk / Return Rank: 32
PAGLX Sharpe Ratio Rank: 29
PAGLX Sortino Ratio Rank: 28
PAGLX Omega Ratio Rank: 29
PAGLX Calmar Ratio Rank: 35
PAGLX Martin Ratio Rank: 38

CAEIX

CAEIX Risk / Return Rank: 51
CAEIX Sharpe Ratio Rank: 52
CAEIX Sortino Ratio Rank: 49
CAEIX Omega Ratio Rank: 47
CAEIX Calmar Ratio Rank: 60
CAEIX Martin Ratio Rank: 47

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.

PAGLX vs. CAEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Growth Stock Fund (PAGLX) and Calvert Global Energy Solutions Fund (CAEIX). 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.

	PAGLX	CAEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.36	-0.35
Sortino ratio: Return per unit of downside risk	1.45	1.89	-0.44
Omega ratio: Gain probability vs. loss probability	1.19	1.24	-0.05
Calmar ratio: Return relative to maximum drawdown	1.52	2.03	-0.50
Martin ratio: Return relative to average drawdown	5.69	6.51	-0.82

PAGLX vs. CAEIX - Sharpe Ratio Comparison

The current PAGLX Sharpe Ratio is 1.01, which is comparable to the CAEIX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of PAGLX and CAEIX, 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

PAGLX vs. CAEIX - Drawdown Comparison

The maximum PAGLX drawdown since its inception was -39.76%, smaller than the maximum CAEIX drawdown of -75.81%. Use the drawdown chart below to compare losses from any high point for PAGLX and CAEIX.

Drawdown Indicators

	PAGLX	CAEIX	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-75.81%	+36.05%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-11.97%	+1.46%
Max Drawdown (3Y) Largest decline over 3 years	-17.71%	-22.01%	+4.30%
Max Drawdown (5Y) Largest decline over 5 years	-39.76%	-32.58%	-7.18%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	-37.54%	-2.22%
Current Drawdown Current decline from peak	-4.01%	-9.41%	+5.40%
Average Drawdown Average peak-to-trough decline	-7.67%	-48.28%	+40.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	3.72%	-0.91%

Volatility

PAGLX vs. CAEIX - Volatility Comparison

T. Rowe Price Global Growth Stock Fund (PAGLX) and Calvert Global Energy Solutions Fund (CAEIX) have volatilities of 5.20% and 5.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAGLX	CAEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	5.40%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	13.30%	14.74%	-1.44%
Volatility (1Y) Calculated over the trailing 1-year period	15.87%	17.89%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.83%	19.42%	-1.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.07%	19.56%	-1.49%

PAGLX vs. CAEIX - Expense Ratio Comparison

PAGLX has a 1.10% expense ratio, which is higher than CAEIX's 0.99% expense ratio.

Dividends

PAGLX vs. CAEIX - Dividend Comparison

PAGLX's dividend yield for the trailing twelve months is around 10.60%, more than CAEIX's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAEIX Calvert Global Energy Solutions Fund	0.65%	0.72%	1.17%	1.07%	0.86%	0.49%	0.82%	1.23%	2.00%	1.40%	1.79%	0.72%
PAGLX T. Rowe Price Global Growth Stock Fund	10.60%	11.57%	0.00%	0.08%	0.07%	8.74%	3.13%	0.20%	1.38%	0.75%	0.21%	4.82%

Frequently Asked Questions

Can I hold both PAGLX and CAEIX in my portfolio?

PAGLX and CAEIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAGLX or CAEIX?

CAEIX has higher volatility (5.40%) compared to PAGLX (5.20%). In terms of maximum drawdown, PAGLX dropped -39.76% vs CAEIX's -75.81%.

Which has better risk-adjusted returns?

CAEIX currently has the higher Sharpe Ratio (1.36 vs 1.01), 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.