PRESX vs. PRWAX
Compare and contrast key facts about T. Rowe Price European Stock Fund (PRESX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
PRESX is managed by T. Rowe Price. It was launched on Feb 27, 1990. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRESX or PRWAX.
Performance
PRESX vs. PRWAX - Performance Comparison
Returns By Period
In the year-to-date period, PRESX achieves a 1.75% return, which is significantly lower than PRWAX's 27.87% return. Over the past 10 years, PRESX has underperformed PRWAX with an annualized return of 3.95%, while PRWAX has yielded a comparatively higher 5.39% annualized return.
PRESX
1.75%
-4.99%
-7.09%
5.42%
4.70%
3.95%
PRWAX
27.87%
3.38%
11.22%
26.83%
7.94%
5.39%
Key characteristics
| PRESX | PRWAX | |
|---|---|---|
| Sharpe Ratio | 0.41 | 1.95 |
| Sortino Ratio | 0.65 | 2.54 |
| Omega Ratio | 1.08 | 1.37 |
| Calmar Ratio | 0.35 | 1.01 |
| Martin Ratio | 1.63 | 10.98 |
| Ulcer Index | 3.33% | 2.44% |
| Daily Std Dev | 13.36% | 13.79% |
| Max Drawdown | -59.86% | -70.45% |
| Current Drawdown | -10.34% | -4.22% |
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PRESX vs. PRWAX - Expense Ratio Comparison
PRESX has a 1.03% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Correlation
The correlation between PRESX and PRWAX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
PRESX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price European Stock Fund (PRESX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
Dividends
PRESX vs. PRWAX - Dividend Comparison
PRESX's dividend yield for the trailing twelve months is around 1.75%, more than PRWAX's 0.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRESX T. Rowe Price European Stock Fund | 1.75% | 1.78% | 1.32% | 0.85% | 0.86% | 1.59% | 2.67% | 2.08% | 3.03% | 1.65% | 1.66% | 1.21% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 0.16% | 0.20% | 0.00% | 0.00% | 0.03% | 0.40% | 0.23% | 0.17% | 0.05% | 0.00% | 0.00% | 0.00% |
Drawdowns
PRESX vs. PRWAX - Drawdown Comparison
The maximum PRESX drawdown since its inception was -59.86%, smaller than the maximum PRWAX drawdown of -70.45%. Use the drawdown chart below to compare losses from any high point for PRESX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
PRESX vs. PRWAX - Volatility Comparison
T. Rowe Price European Stock Fund (PRESX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX) have volatilities of 4.10% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.