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.
Performance
PIEQX vs. PRSNX - Performance Comparison
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PIEQX vs. PRSNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 1.00% | 31.37% | 3.40% | 18.07% | -14.54% | 11.02% | 9.21% | 21.04% | -14.29% | 23.44% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | -0.32% | 11.12% | 4.27% | 12.77% | -16.27% | 0.40% | 8.16% | 11.94% | 0.45% | 6.47% |
Returns By Period
In the year-to-date period, PIEQX achieves a 1.00% return, which is significantly higher than PRSNX's -0.32% return. Over the past 10 years, PIEQX has outperformed PRSNX with an annualized return of 8.50%, while PRSNX has yielded a comparatively lower 3.91% annualized return.
PIEQX
- 1D
- 3.07%
- 1M
- -6.36%
- YTD
- 1.00%
- 6M
- 4.72%
- 1Y
- 22.75%
- 3Y*
- 14.23%
- 5Y*
- 8.01%
- 10Y*
- 8.50%
PRSNX
- 1D
- 0.30%
- 1M
- -1.69%
- YTD
- -0.32%
- 6M
- 2.28%
- 1Y
- 8.28%
- 3Y*
- 7.91%
- 5Y*
- 1.94%
- 10Y*
- 3.91%
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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.
Return for Risk
PIEQX vs. PRSNX — Risk / Return Rank
PIEQX
PRSNX
PIEQX vs. PRSNX - Risk-Adjusted Trends 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.
| PIEQX | PRSNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.34 | 2.54 | -1.20 |
Sortino ratioReturn per unit of downside risk | 1.85 | 4.11 | -2.26 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.57 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.84 | -1.93 |
Martin ratioReturn relative to average drawdown | 7.30 | 14.13 | -6.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PIEQX | PRSNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.34 | 2.54 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.46 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.96 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 1.42 | -1.16 |
Correlation
The correlation between PIEQX and PRSNX is 0.24, 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.
Dividends
PIEQX vs. PRSNX - Dividend Comparison
PIEQX's dividend yield for the trailing twelve months is around 3.16%, less than PRSNX's 8.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 3.16% | 3.19% | 2.89% | 3.00% | 2.67% | 3.15% | 1.71% | 2.82% | 2.99% | 0.21% | 2.90% | 2.69% |
PRSNX T. Rowe Price Global Multi-Sector Bond Fund | 8.95% | 9.51% | 5.09% | 5.08% | 3.30% | 3.95% | 3.68% | 6.33% | 4.89% | 3.59% | 3.44% | 3.60% |
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 -19.70%. Use the drawdown chart below to compare losses from any high point for PIEQX and PRSNX.
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Drawdown Indicators
| PIEQX | PRSNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.73% | -19.70% | -41.03% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -2.19% | -9.19% |
Max Drawdown (5Y)Largest decline over 5 years | -29.56% | -19.70% | -9.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | -19.70% | -15.49% |
Current DrawdownCurrent decline from peak | -8.19% | -1.88% | -6.31% |
Average DrawdownAverage peak-to-trough decline | -14.03% | -2.42% | -11.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 0.60% | +2.38% |
Volatility
PIEQX vs. PRSNX - Volatility Comparison
T. Rowe Price International Equity Index Fund (PIEQX) has a higher volatility of 7.77% compared to T. Rowe Price Global Multi-Sector Bond Fund (PRSNX) at 1.15%. 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.
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Volatility by Period
| PIEQX | PRSNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 1.15% | +6.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.25% | 2.10% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.27% | 3.43% | +13.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 4.27% | +11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.71% | 4.11% | +12.60% |