PRESX vs. ANWPX

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price European Stock Fund (PRESX) and American Funds New Perspective Fund Class A (ANWPX).

PRESX is managed by T. Rowe Price. It was launched on Feb 27, 1990. ANWPX is managed by American Funds. It was launched on Mar 13, 1973.

Performance

PRESX vs. ANWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price European Stock Fund (PRESX) and American Funds New Perspective Fund Class A (ANWPX). The values are adjusted to include any dividend payments, if applicable.

PRESX vs. ANWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRESX T. Rowe Price European Stock Fund	-4.47%	21.46%	1.83%	19.07%	-21.76%	14.81%	12.53%	26.89%	-12.74%	25.74%
ANWPX American Funds New Perspective Fund Class A	-5.30%	21.33%	16.76%	24.63%	-25.92%	17.64%	33.42%	30.10%	-5.99%	28.91%

Returns By Period

In the year-to-date period, PRESX achieves a -4.47% return, which is significantly higher than ANWPX's -5.30% return. Over the past 10 years, PRESX has underperformed ANWPX with an annualized return of 6.45%, while ANWPX has yielded a comparatively higher 12.32% annualized return.

PRESX

• 1D: 2.92%
• 1M: -7.24%
• YTD: -4.47%
• 6M: -2.18%
• 1Y: 7.44%
• 3Y*: 8.42%
• 5Y*: 3.89%
• 10Y*: 6.45%

ANWPX

• 1D: 3.10%
• 1M: -6.93%
• YTD: -5.30%
• 6M: -3.65%
• 1Y: 16.52%
• 3Y*: 14.90%
• 5Y*: 7.06%
• 10Y*: 12.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PRESX vs. ANWPX - Expense Ratio Comparison

PRESX has a 1.03% expense ratio, which is higher than ANWPX's 0.72% expense ratio.

PRESX

T. Rowe Price European Stock Fund

ANWPX

American Funds New Perspective Fund Class A

Return for Risk

PRESX vs. ANWPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PRESX

PRESX Risk / Return Rank: 14
PRESX Sharpe Ratio Rank: 14
PRESX Sortino Ratio Rank: 14
PRESX Omega Ratio Rank: 13
PRESX Calmar Ratio Rank: 15
PRESX Martin Ratio Rank: 16

ANWPX

ANWPX Risk / Return Rank: 55
ANWPX Sharpe Ratio Rank: 52
ANWPX Sortino Ratio Rank: 57
ANWPX Omega Ratio Rank: 50
ANWPX Calmar Ratio Rank: 58
ANWPX Martin Ratio Rank: 59

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PRESX vs. ANWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price European Stock Fund (PRESX) and American Funds New Perspective Fund Class A (ANWPX). 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.

	PRESX	ANWPX	Difference
Sharpe ratio Return per unit of total volatility	0.45	1.01	-0.56
Sortino ratio Return per unit of downside risk	0.72	1.55	-0.83
Omega ratio Gain probability vs. loss probability	1.10	1.21	-0.11
Calmar ratio Return relative to maximum drawdown	0.52	1.42	-0.90
Martin ratio Return relative to average drawdown	1.83	5.78	-3.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRESX vs. ANWPX - Sharpe Ratio Comparison

The current PRESX Sharpe Ratio is 0.45, which is lower than the ANWPX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of PRESX and ANWPX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PRESX	ANWPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.45	1.01	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.41	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.70	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.65	-0.27

Correlation

The correlation between PRESX and ANWPX is 0.81, 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.

Dividends

PRESX vs. ANWPX - Dividend Comparison

PRESX's dividend yield for the trailing twelve months is around 11.24%, more than ANWPX's 6.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRESX T. Rowe Price European Stock Fund	11.24%	10.74%	6.85%	3.77%	1.32%	3.96%	0.86%	1.59%	2.67%	2.08%	3.03%	3.20%
ANWPX American Funds New Perspective Fund Class A	6.94%	6.57%	5.13%	5.36%	4.16%	7.01%	4.13%	3.67%	7.59%	5.50%	3.86%	6.14%

Drawdowns

PRESX vs. ANWPX - Drawdown Comparison

The maximum PRESX drawdown since its inception was -59.86%, which is greater than ANWPX's maximum drawdown of -52.34%. Use the drawdown chart below to compare losses from any high point for PRESX and ANWPX.

Drawdown Indicators

	PRESX	ANWPX	Difference
Max Drawdown Largest peak-to-trough decline	-59.86%	-52.34%	-7.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-11.75%	-0.94%
Max Drawdown (5Y) Largest decline over 5 years	-38.78%	-34.45%	-4.33%
Max Drawdown (10Y) Largest decline over 10 years	-38.78%	-34.45%	-4.33%
Current Drawdown Current decline from peak	-9.55%	-8.73%	-0.82%
Average Drawdown Average peak-to-trough decline	-12.03%	-8.13%	-3.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	2.89%	+0.70%

Volatility

PRESX vs. ANWPX - Volatility Comparison

T. Rowe Price European Stock Fund (PRESX) has a higher volatility of 7.34% compared to American Funds New Perspective Fund Class A (ANWPX) at 6.24%. This indicates that PRESX's price experiences larger fluctuations and is considered to be riskier than ANWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRESX	ANWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.34%	6.24%	+1.10%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	10.32%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	17.02%	-0.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.72%	17.15%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	17.77%	+0.07%