PIEQX vs. PRSNX
Compare and contrast key facts about T. Rowe Price International Equity Index Fund (PIEQX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX).
PIEQX is managed by T. Rowe Price. It was launched on Nov 30, 2000. PRSNX is managed by T. Rowe Price. It was launched on Dec 14, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIEQX or PRSNX.
Performance
PIEQX vs. PRSNX - Performance Comparison
Returns By Period
In the year-to-date period, PIEQX achieves a 4.62% return, which is significantly higher than PRSNX's 4.22% return. Over the past 10 years, PIEQX has outperformed PRSNX with an annualized return of 4.95%, while PRSNX has yielded a comparatively lower 2.19% annualized return.
PIEQX
4.62%
-2.86%
-2.63%
11.04%
5.85%
4.95%
PRSNX
4.22%
-0.42%
3.68%
8.80%
0.96%
2.19%
Key characteristics
| PIEQX | PRSNX | |
|---|---|---|
| Sharpe Ratio | 0.81 | 2.40 |
| Sortino Ratio | 1.24 | 3.91 |
| Omega Ratio | 1.15 | 1.50 |
| Calmar Ratio | 1.24 | 0.73 |
| Martin Ratio | 3.68 | 13.89 |
| Ulcer Index | 3.00% | 0.63% |
| Daily Std Dev | 13.62% | 3.67% |
| Max Drawdown | -60.73% | -19.82% |
| Current Drawdown | -8.37% | -4.14% |
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PIEQX vs. PRSNX - Expense Ratio Comparison
PIEQX has a 0.29% expense ratio, which is lower than PRSNX's 0.65% expense ratio.
Correlation
The correlation between PIEQX and PRSNX is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
PIEQX vs. PRSNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity Index Fund (PIEQX) and T. Rowe Price Global Multi-Sector Bond Fund (PRSNX). 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.
Dividends
PIEQX vs. PRSNX - Dividend Comparison
PIEQX's dividend yield for the trailing twelve months is around 2.87%, less than PRSNX's 5.04% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 2.87% | 3.01% | 2.67% | 2.42% | 1.71% | 2.68% | 2.99% | 2.42% | 2.90% | 2.69% | 3.33% | 2.07% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 5.04% | 4.60% | 3.40% | 3.00% | 3.17% | 3.55% | 3.62% | 3.42% | 3.45% | 3.60% | 4.08% | 3.64% |
Drawdowns
PIEQX vs. PRSNX - Drawdown Comparison
The maximum PIEQX drawdown since its inception was -60.73%, which is greater than PRSNX's maximum drawdown of -19.82%. Use the drawdown chart below to compare losses from any high point for PIEQX and PRSNX. For additional features, visit the drawdowns tool.
Volatility
PIEQX vs. PRSNX - Volatility Comparison
T. Rowe Price International Equity Index Fund (PIEQX) has a higher volatility of 3.63% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 0.94%. This indicates that PIEQX's price experiences larger fluctuations and is considered to be riskier than PRSNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.