PIEQX vs. VTIAX
PIEQX (T. Rowe Price International Equity Index Fund) and VTIAX (Vanguard Total International Stock Index Fund Admiral Shares) are both Foreign Large Cap Equities funds. Over the past 10 years, PIEQX returned 9.18%/yr vs 9.37%/yr for VTIAX. Their 0.97 correlation means they have historically moved very closely together. PIEQX charges 0.29%/yr vs 0.09%/yr for VTIAX.
Performance
PIEQX vs. VTIAX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PIEQX having a 12.52% return and VTIAX slightly higher at 12.79%. Both investments have delivered pretty close results over the past 10 years, with PIEQX having a 9.18% annualized return and VTIAX not far ahead at 9.37%.
PIEQX
- 1D
- 2.74%
- 1M
- 2.04%
- 6M
- 7.05%
- YTD
- 12.52%
- 1Y
- 25.98%
- 3Y*
- 16.16%
- 5Y*
- 9.32%
- 10Y*
- 9.18%
- ALL TIME*
- 5.47%
VTIAX
- 1D
- 2.76%
- 1M
- 0.11%
- 6M
- 6.66%
- YTD
- 12.79%
- 1Y
- 27.69%
- 3Y*
- 16.78%
- 5Y*
- 8.80%
- 10Y*
- 9.37%
- ALL TIME*
- 6.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PIEQX vs. VTIAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 12.52% | 31.37% | 3.40% | 18.07% | -14.54% | 11.02% | 9.21% | 21.04% | -14.29% | 23.44% |
VTIAX Vanguard Total International Stock Index Fund Admiral Shares | 12.79% | 32.18% | 5.34% | 15.28% | -16.02% | 8.59% | 11.27% | 21.52% | -14.46% | 27.54% |
Correlation
The correlation between PIEQX and VTIAX is 0.94, 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. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2010 | 0.97 |
The correlation between PIEQX and VTIAX has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
PIEQX vs. VTIAX — Risk / Return Rank
PIEQX
VTIAX
PIEQX vs. VTIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Equity Index Fund (PIEQX) and Vanguard Total International Stock Index Fund Admiral Shares (VTIAX). 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.
| PIEQX | VTIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.30 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 2.33 | -0.16 |
| Martin ratioReturn relative to average drawdown | 8.18 | 8.64 | -0.46 |
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Drawdowns
PIEQX vs. VTIAX - Drawdown Comparison
The maximum PIEQX drawdown since its inception was -60.73%, which is greater than VTIAX's maximum drawdown of -35.83%. Use the drawdown chart below to compare losses from any high point for PIEQX and VTIAX.
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Drawdown Indicators
| PIEQX | VTIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.73% | -35.83% | -24.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.38% | -11.28% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -13.13% | -0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.56% | -29.52% | -0.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | -35.83% | +0.64% |
Current DrawdownCurrent decline from peak | 0.00% | -2.61% | +2.61% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -8.02% | -5.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 3.03% | -0.02% |
Volatility
PIEQX vs. VTIAX - Volatility Comparison
The current volatility for T. Rowe Price International Equity Index Fund (PIEQX) is 4.74%, while Vanguard Total International Stock Index Fund Admiral Shares (VTIAX) has a volatility of 5.45%. This indicates that PIEQX experiences smaller price fluctuations and is considered to be less risky than VTIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PIEQX | VTIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.74% | 5.45% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 14.12% | -0.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 15.98% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 15.37% | +1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.52% | 15.82% | +0.70% |
PIEQX vs. VTIAX - Expense Ratio Comparison
PIEQX has a 0.29% expense ratio, which is higher than VTIAX's 0.09% expense ratio.
Dividends
PIEQX vs. VTIAX - Dividend Comparison
PIEQX's dividend yield for the trailing twelve months is around 2.84%, more than VTIAX's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIEQX T. Rowe Price International Equity Index Fund | 2.84% | 3.19% | 2.89% | 3.00% | 2.67% | 3.15% | 1.71% | 2.82% | 2.99% | 0.21% | 2.90% | 2.69% |
VTIAX Vanguard Total International Stock Index Fund Admiral Shares | 2.55% | 3.15% | 3.33% | 3.22% | 3.04% | 3.05% | 2.10% | 3.04% | 3.16% | 2.73% | 2.93% | 2.84% |
Frequently Asked Questions
With a correlation of 0.94, PIEQX and VTIAX 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.
VTIAX has higher volatility (5.45%) compared to PIEQX (4.74%). In terms of maximum drawdown, PIEQX dropped -60.73% vs VTIAX's -35.83%.
VTIAX currently has the higher Sharpe Ratio (1.65 vs 1.55), 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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