PRDMX vs. PRJPX
PRDMX (T. Rowe Price Diversified Mid Cap Growth Fund) and PRJPX (T. Rowe Price Japan Fund) are both mutual funds - PRDMX is a Mid Cap Growth Equities fund managed by T. Rowe Price, while PRJPX is a Japan Equities fund managed by T. Rowe Price. Over the past 10 years, PRDMX returned 12.24%/yr vs 7.93%/yr for PRJPX. Their 0.57 correlation means they have sometimes moved together and sometimes differently. PRDMX charges 0.79%/yr vs 1.05%/yr for PRJPX.
Performance
PRDMX vs. PRJPX - Performance Comparison
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Returns By Period
In the year-to-date period, PRDMX achieves a 1.86% return, which is significantly lower than PRJPX's 17.42% return. Over the past 10 years, PRDMX has outperformed PRJPX with an annualized return of 12.24%, while PRJPX has yielded a comparatively lower 7.93% annualized return.
PRDMX
- 1D
- 2.48%
- 1M
- -3.51%
- 6M
- 2.10%
- YTD
- 1.86%
- 1Y
- 0.92%
- 3Y*
- 12.67%
- 5Y*
- 5.14%
- 10Y*
- 12.24%
- ALL TIME*
- 10.44%
PRJPX
- 1D
- 3.58%
- 1M
- 4.19%
- 6M
- 11.18%
- YTD
- 17.42%
- 1Y
- 32.29%
- 3Y*
- 16.34%
- 5Y*
- 3.38%
- 10Y*
- 7.93%
- ALL TIME*
- 3.56%
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 |
PRDMX vs. PRJPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 1.86% | 10.30% | 23.77% | 20.75% | -24.65% | 13.56% | 31.82% | 37.91% | -3.15% | 24.66% |
PRJPX T. Rowe Price Japan Fund | 17.42% | 32.21% | 6.13% | 2.02% | -27.37% | -11.03% | 34.60% | 27.56% | -12.24% | 32.06% |
Correlation
The correlation between PRDMX and PRJPX is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.52 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2004 | 0.57 |
The correlation between PRDMX and PRJPX has been stable across timeframes, ranging from 0.52 to 0.60 - a consistent structural relationship.
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Return for Risk
PRDMX vs. PRJPX — Risk / Return Rank
PRDMX
PRJPX
PRDMX vs. PRJPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) and T. Rowe Price Japan Fund (PRJPX). 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.
| PRDMX | PRJPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.79 | ||
| Sortino ratioReturn per unit of downside risk | -2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.07 | 2.22 | -2.29 |
| Martin ratioReturn relative to average drawdown | -0.20 | 7.01 | -7.21 |
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Drawdowns
PRDMX vs. PRJPX - Drawdown Comparison
The maximum PRDMX drawdown since its inception was -57.57%, smaller than the maximum PRJPX drawdown of -68.26%. Use the drawdown chart below to compare losses from any high point for PRDMX and PRJPX.
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Drawdown Indicators
| PRDMX | PRJPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.57% | -68.26% | +10.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -15.11% | +0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -25.06% | -15.34% | -9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.69% | -44.42% | +8.73% |
Max Drawdown (10Y)Largest decline over 10 years | -35.91% | -45.44% | +9.53% |
Current DrawdownCurrent decline from peak | -5.85% | 0.00% | -5.85% |
Average DrawdownAverage peak-to-trough decline | -8.40% | -26.63% | +18.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.74% | 4.77% | -0.03% |
Volatility
PRDMX vs. PRJPX - Volatility Comparison
The current volatility for T. Rowe Price Diversified Mid Cap Growth Fund (PRDMX) is 5.24%, while T. Rowe Price Japan Fund (PRJPX) has a volatility of 6.30%. This indicates that PRDMX experiences smaller price fluctuations and is considered to be less risky than PRJPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRDMX | PRJPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 6.30% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 15.82% | -1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.04% | 19.33% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.01% | 19.28% | +2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.40% | 17.64% | +3.76% |
PRDMX vs. PRJPX - Expense Ratio Comparison
PRDMX has a 0.79% expense ratio, which is lower than PRJPX's 1.05% expense ratio.
Dividends
PRDMX vs. PRJPX - Dividend Comparison
PRDMX's dividend yield for the trailing twelve months is around 7.60%, less than PRJPX's 12.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRDMX T. Rowe Price Diversified Mid Cap Growth Fund | 7.60% | 7.75% | 8.59% | 6.83% | 1.22% | 10.13% | 4.80% | 2.02% | 5.23% | 3.71% | 1.23% | 3.78% |
PRJPX T. Rowe Price Japan Fund | 12.48% | 14.65% | 4.82% | 1.71% | 6.94% | 5.42% | 2.59% | 2.62% | 7.56% | 0.33% | 0.70% | 1.05% |
Frequently Asked Questions
PRDMX and PRJPX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRJPX has higher volatility (6.30%) compared to PRDMX (5.24%). In terms of maximum drawdown, PRDMX dropped -57.57% vs PRJPX's -68.26%.
PRJPX currently has the higher Sharpe Ratio (1.74 vs -0.05), 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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