PRESX vs. DFCSX

Last updated Jun 4, 2026

PRESX (T. Rowe Price European Stock Fund) and DFCSX (DFA Continental Small Company Portfolio) are both Europe Equities funds. Over the past 10 years, PRESX returned 7.18%/yr vs 9.63%/yr for DFCSX. Their correlation of 0.81 suggests significant overlap in exposure. PRESX charges 1.03%/yr vs 0.42%/yr for DFCSX.

Performance

PRESX vs. DFCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price European Stock Fund (PRESX) and DFA Continental Small Company Portfolio (DFCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRESX achieves a 5.66% return, which is significantly lower than DFCSX's 7.18% return. Over the past 10 years, PRESX has underperformed DFCSX with an annualized return of 7.18%, while DFCSX has yielded a comparatively higher 9.63% annualized return.

PRESX

• 1D: 0.53%
• 1M: 5.33%
• YTD: 5.66%
• 6M: 7.68%
• 1Y: 10.76%
• 3Y*: 11.25%
• 5Y*: 4.61%
• 10Y*: 7.18%

DFCSX

• 1D: 0.07%
• 1M: 3.44%
• YTD: 7.18%
• 6M: 10.96%
• 1Y: 17.97%
• 3Y*: 16.88%
• 5Y*: 6.22%
• 10Y*: 9.63%

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

PRESX vs. DFCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRESX T. Rowe Price European Stock Fund	5.66%	21.46%	1.83%	19.07%	-21.76%	14.81%	12.53%	26.89%	-12.74%	25.74%
DFCSX DFA Continental Small Company Portfolio	7.18%	37.58%	0.20%	16.93%	-20.12%	14.66%	15.07%	25.90%	-19.67%	34.77%

Correlation

The correlation between PRESX and DFCSX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 3, 1991	0.81

The correlation between PRESX and DFCSX shifts across timeframes, from 0.81 (all time) to 0.91 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PRESX vs. DFCSX — Risk / Return Rank

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

PRESX

PRESX Risk / Return Rank: 8
PRESX Sharpe Ratio Rank: 8
PRESX Sortino Ratio Rank: 8
PRESX Omega Ratio Rank: 8
PRESX Calmar Ratio Rank: 8
PRESX Martin Ratio Rank: 9

DFCSX

DFCSX Risk / Return Rank: 17
DFCSX Sharpe Ratio Rank: 16
DFCSX Sortino Ratio Rank: 17
DFCSX Omega Ratio Rank: 17
DFCSX Calmar Ratio Rank: 16
DFCSX Martin Ratio Rank: 17

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. DFCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price European Stock Fund (PRESX) and DFA Continental Small Company Portfolio (DFCSX). 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	DFCSX	Difference
Sharpe ratio: Return per unit of total volatility	0.64	1.16	-0.52
Sortino ratio: Return per unit of downside risk	1.00	1.70	-0.71
Omega ratio: Gain probability vs. loss probability	1.12	1.21	-0.09
Calmar ratio: Return relative to maximum drawdown	0.78	1.41	-0.63
Martin ratio: Return relative to average drawdown	2.61	4.80	-2.18
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. DFCSX - Sharpe Ratio Comparison

The current PRESX Sharpe Ratio is 0.64, which is lower than the DFCSX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of PRESX and DFCSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRESX	DFCSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.64	1.16	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.35	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.54	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.56	-0.16

Drawdowns

PRESX vs. DFCSX - Drawdown Comparison

The maximum PRESX drawdown since its inception was -59.86%, smaller than the maximum DFCSX drawdown of -65.47%. Use the drawdown chart below to compare losses from any high point for PRESX and DFCSX.

Drawdown Indicators

	PRESX	DFCSX	Difference
Max Drawdown Largest peak-to-trough decline	-59.86%	-65.47%	+5.61%
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	-11.82%	-0.87%
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	-15.96%	+1.33%
Max Drawdown (5Y) Largest decline over 5 years	-38.78%	-39.25%	+0.47%
Max Drawdown (10Y) Largest decline over 10 years	-38.78%	-43.16%	+4.38%
Current Drawdown Current decline from peak	0.00%	-1.06%	+1.06%
Average Drawdown Average peak-to-trough decline	-11.99%	-13.63%	+1.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	3.47%	+0.31%

Volatility

PRESX vs. DFCSX - Volatility Comparison

T. Rowe Price European Stock Fund (PRESX) has a higher volatility of 5.46% compared to DFA Continental Small Company Portfolio (DFCSX) at 4.76%. This indicates that PRESX's price experiences larger fluctuations and is considered to be riskier than DFCSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRESX	DFCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	4.76%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	12.49%	11.47%	+1.02%
Volatility (1Y) Calculated over the trailing 1-year period	15.42%	14.48%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	17.93%	-0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	17.91%	+0.04%

PRESX vs. DFCSX - Expense Ratio Comparison

PRESX has a 1.03% expense ratio, which is higher than DFCSX's 0.42% expense ratio.

Dividends

PRESX vs. DFCSX - Dividend Comparison

PRESX's dividend yield for the trailing twelve months is around 10.16%, more than DFCSX's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFCSX DFA Continental Small Company Portfolio	2.81%	3.02%	4.94%	2.84%	2.45%	1.19%	1.55%	2.24%	6.28%	1.98%	1.97%	1.97%
PRESX T. Rowe Price European Stock Fund	10.16%	10.74%	6.85%	3.77%	1.32%	3.96%	0.86%	1.59%	2.67%	2.08%	3.03%	3.20%

Frequently Asked Questions

Can I hold both PRESX and DFCSX in my portfolio?

With a correlation of 0.91, PRESX and DFCSX 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.

Which is riskier, PRESX or DFCSX?

PRESX has higher volatility (5.46%) compared to DFCSX (4.76%). In terms of maximum drawdown, PRESX dropped -59.86% vs DFCSX's -65.47%.

Which has better risk-adjusted returns?

DFCSX currently has the higher Sharpe Ratio (1.16 vs 0.64), 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.