PIEQX vs. TROSX
PIEQX (T. Rowe Price International Equity Index Fund) and TROSX (T. Rowe Price Overseas Stock Fund) are both Foreign Large Cap Equities funds from T. Rowe Price. Over the past 10 years, PIEQX returned 9.00%/yr vs 9.32%/yr for TROSX. With a 0.99 correlation, they move nearly in lockstep. PIEQX charges 0.29%/yr vs 0.77%/yr for TROSX.
Performance
PIEQX vs. TROSX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PIEQX having a 9.41% return and TROSX slightly higher at 9.70%. Both investments have delivered pretty close results over the past 10 years, with PIEQX having a 9.00% annualized return and TROSX not far ahead at 9.32%.
PIEQX
- 1D
- 0.37%
- 1M
- 4.10%
- YTD
- 9.41%
- 6M
- 11.81%
- 1Y
- 22.04%
- 3Y*
- 16.82%
- 5Y*
- 8.56%
- 10Y*
- 9.00%
TROSX
- 1D
- 0.45%
- 1M
- 4.90%
- YTD
- 9.70%
- 6M
- 12.38%
- 1Y
- 25.62%
- 3Y*
- 16.59%
- 5Y*
- 7.91%
- 10Y*
- 9.32%
PIEQX vs. TROSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 9.41% | 31.37% | 3.40% | 18.07% | -14.54% | 11.02% | 9.21% | 21.04% | -14.29% | 23.44% |
TROSX T. Rowe Price Overseas Stock Fund | 9.70% | 31.78% | 2.91% | 16.34% | -15.42% | 12.24% | 9.24% | 22.91% | -15.08% | 27.05% |
Correlation
The correlation between PIEQX and TROSX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2007 | 0.99 |
The correlation between PIEQX and TROSX has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
PIEQX vs. TROSX — Risk / Return Rank
PIEQX
TROSX
PIEQX vs. TROSX - 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 Overseas Stock Fund (TROSX). 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 | TROSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.29 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 2.00 | -0.13 |
| Martin ratioReturn relative to average drawdown | 6.97 | 7.38 | -0.41 |
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 | TROSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.59 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.49 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.55 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.26 | +0.02 |
Drawdowns
PIEQX vs. TROSX - Drawdown Comparison
The maximum PIEQX drawdown since its inception was -60.73%, roughly equal to the maximum TROSX drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for PIEQX and TROSX.
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Drawdown Indicators
| PIEQX | TROSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.73% | -60.62% | -0.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -12.42% | +1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -14.02% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -29.56% | -29.45% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | -36.34% | +1.15% |
Current DrawdownCurrent decline from peak | -0.55% | -0.22% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -12.46% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 3.35% | -0.31% |
Volatility
PIEQX vs. TROSX - Volatility Comparison
T. Rowe Price International Equity Index Fund (PIEQX) and T. Rowe Price Overseas Stock Fund (TROSX) have volatilities of 4.78% and 4.87%, 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.
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Volatility by Period
| PIEQX | TROSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 4.87% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 12.89% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.20% | 15.63% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.25% | 16.14% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.77% | 16.97% | -0.20% |
PIEQX vs. TROSX - Expense Ratio Comparison
PIEQX has a 0.29% expense ratio, which is lower than TROSX's 0.77% expense ratio.
Dividends
PIEQX vs. TROSX - Dividend Comparison
PIEQX's dividend yield for the trailing twelve months is around 2.92%, more than TROSX's 1.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 2.92% | 3.19% | 2.89% | 3.00% | 2.67% | 3.15% | 1.71% | 2.82% | 2.99% | 0.21% | 2.90% | 2.69% |
TROSX T. Rowe Price Overseas Stock Fund | 1.87% | 2.05% | 2.38% | 2.28% | 2.38% | 1.88% | 1.41% | 2.14% | 3.33% | 1.86% | 1.98% | 2.11% |
Frequently Asked Questions
With a correlation of 0.99, PIEQX and TROSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TROSX has higher volatility (4.87%) compared to PIEQX (4.78%). In terms of maximum drawdown, PIEQX dropped -60.73% vs TROSX's -60.62%.
TROSX currently has the higher Sharpe Ratio (1.59 vs 1.40), 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.
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