PREMX vs. PRWCX
Compare and contrast key facts about T. Rowe Price Emerging Markets Bond Fund (PREMX) and T. Rowe Price Capital Appreciation Fund (PRWCX).
PREMX is managed by T. Rowe Price. It was launched on Dec 29, 1994. PRWCX is managed by T. Rowe Price. It was launched on Jun 30, 1986.
Performance
PREMX vs. PRWCX - Performance Comparison
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PREMX vs. PRWCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PREMX T. Rowe Price Emerging Markets Bond Fund | -0.49% | 16.55% | 10.84% | 18.52% | -18.37% | -2.44% | 4.63% | 11.34% | -7.22% | 9.02% |
PRWCX T. Rowe Price Capital Appreciation Fund | -3.22% | 20.92% | 12.50% | 18.85% | -12.00% | 18.45% | 18.13% | 24.62% | 0.63% | 15.34% |
Returns By Period
In the year-to-date period, PREMX achieves a -0.49% return, which is significantly higher than PRWCX's -3.22% return. Over the past 10 years, PREMX has underperformed PRWCX with an annualized return of 4.55%, while PRWCX has yielded a comparatively higher 11.41% annualized return.
PREMX
- 1D
- 0.31%
- 1M
- -3.32%
- YTD
- -0.49%
- 6M
- 3.45%
- 1Y
- 11.63%
- 3Y*
- 13.98%
- 5Y*
- 4.77%
- 10Y*
- 4.55%
PRWCX
- 1D
- 1.91%
- 1M
- -2.92%
- YTD
- -3.22%
- 6M
- 5.51%
- 1Y
- 16.80%
- 3Y*
- 13.72%
- 5Y*
- 9.22%
- 10Y*
- 11.41%
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PREMX vs. PRWCX - Expense Ratio Comparison
PREMX has a 0.99% expense ratio, which is higher than PRWCX's 0.68% expense ratio.
Return for Risk
PREMX vs. PRWCX — Risk / Return Rank
PREMX
PRWCX
PREMX vs. PRWCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Bond Fund (PREMX) and T. Rowe Price Capital Appreciation Fund (PRWCX). 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.
| PREMX | PRWCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.23 | 1.27 | +0.96 |
Sortino ratioReturn per unit of downside risk | 3.16 | 2.37 | +0.80 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.34 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.58 | 2.34 | +0.24 |
Martin ratioReturn relative to average drawdown | 10.65 | 9.70 | +0.95 |
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
| PREMX | PRWCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 1.27 | +0.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.70 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.88 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.90 | -0.05 |
Correlation
The correlation between PREMX and PRWCX is 0.31, 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
PREMX vs. PRWCX - Dividend Comparison
PREMX's dividend yield for the trailing twelve months is around 6.88%, less than PRWCX's 16.24% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PREMX T. Rowe Price Emerging Markets Bond Fund | 6.88% | 7.69% | 9.95% | 9.36% | 3.96% | 4.63% | 4.55% | 5.24% | 5.29% | 7.01% | 6.45% | 6.59% |
PRWCX T. Rowe Price Capital Appreciation Fund | 16.24% | 15.72% | 10.38% | 4.15% | 9.44% | 9.23% | 7.97% | 5.83% | 7.46% | 6.82% | 3.51% | 9.86% |
Drawdowns
PREMX vs. PRWCX - Drawdown Comparison
The maximum PREMX drawdown since its inception was -43.95%, which is greater than PRWCX's maximum drawdown of -41.77%. Use the drawdown chart below to compare losses from any high point for PREMX and PRWCX.
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Drawdown Indicators
| PREMX | PRWCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.95% | -41.77% | -2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -6.80% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | -17.07% | -14.62% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -26.86% | -4.83% |
Current DrawdownCurrent decline from peak | -3.80% | -4.47% | +0.67% |
Average DrawdownAverage peak-to-trough decline | -5.19% | -3.34% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.15% | 1.64% | -0.49% |
Volatility
PREMX vs. PRWCX - Volatility Comparison
The current volatility for T. Rowe Price Emerging Markets Bond Fund (PREMX) is 1.76%, while T. Rowe Price Capital Appreciation Fund (PRWCX) has a volatility of 3.64%. This indicates that PREMX experiences smaller price fluctuations and is considered to be less risky than PRWCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PREMX | PRWCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 3.64% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 3.05% | 9.78% | -6.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.36% | 13.57% | -8.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 13.24% | -6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.14% | 12.98% | -5.84% |