PIEQX vs. SWISX
Compare and contrast key facts about T. Rowe Price International Equity Index Fund (PIEQX) and Schwab International Index Fund (SWISX).
PIEQX is managed by T. Rowe Price. It was launched on Nov 30, 2000. SWISX is a passively managed fund by Charles Schwab that tracks the performance of the MSCI EAFE Index. It was launched on May 19, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIEQX or SWISX.
Key characteristics
| PIEQX | SWISX | |
|---|---|---|
| YTD Return | 6.79% | 6.91% |
| 1Y Return | 18.60% | 18.67% |
| 3Y Return (Ann) | 2.03% | 2.18% |
| 5Y Return (Ann) | 6.12% | 6.04% |
| 10Y Return (Ann) | 5.28% | 5.29% |
| Sharpe Ratio | 1.34 | 1.43 |
| Sortino Ratio | 1.99 | 2.04 |
| Omega Ratio | 1.24 | 1.25 |
| Calmar Ratio | 1.68 | 1.75 |
| Martin Ratio | 7.41 | 7.59 |
| Ulcer Index | 2.50% | 2.45% |
| Daily Std Dev | 13.77% | 13.02% |
| Max Drawdown | -60.73% | -60.65% |
| Current Drawdown | -6.46% | -6.44% |
Correlation
The correlation between PIEQX and SWISX is 0.97, 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.
Performance
PIEQX vs. SWISX - Performance Comparison
The year-to-date returns for both investments are quite close, with PIEQX having a 6.79% return and SWISX slightly higher at 6.91%. Both investments have delivered pretty close results over the past 10 years, with PIEQX having a 5.28% annualized return and SWISX not far ahead at 5.29%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PIEQX vs. SWISX - Expense Ratio Comparison
PIEQX has a 0.29% expense ratio, which is higher than SWISX's 0.06% expense ratio.
Risk-Adjusted Performance
PIEQX vs. SWISX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity Index Fund (PIEQX) and Schwab International Index Fund (SWISX). 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. SWISX - Dividend Comparison
PIEQX's dividend yield for the trailing twelve months is around 2.82%, less than SWISX's 3.10% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 2.82% | 3.01% | 2.67% | 2.42% | 1.71% | 2.68% | 2.99% | 2.42% | 2.90% | 2.69% | 3.33% | 2.07% |
SWISX Schwab International Index Fund | 3.10% | 3.31% | 2.73% | 3.34% | 1.88% | 3.09% | 3.15% | 2.71% | 3.19% | 2.71% | 3.37% | 2.54% |
Drawdowns
PIEQX vs. SWISX - Drawdown Comparison
The maximum PIEQX drawdown since its inception was -60.73%, roughly equal to the maximum SWISX drawdown of -60.65%. Use the drawdown chart below to compare losses from any high point for PIEQX and SWISX. For additional features, visit the drawdowns tool.
Volatility
PIEQX vs. SWISX - Volatility Comparison
T. Rowe Price International Equity Index Fund (PIEQX) and Schwab International Index Fund (SWISX) have volatilities of 3.96% and 4.00%, 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.