PRESX vs. RPICX

Last updated Jun 24, 2026

PRESX (T. Rowe Price European Stock Fund) and RPICX (T. Rowe Price Institutional International Disciplined Equity Fund) are both mutual funds - PRESX is a Europe Equities fund managed by T. Rowe Price, while RPICX is a Foreign Large Cap Equities fund managed by T. Rowe Price. Their correlation of 0.87 suggests significant overlap in exposure. PRESX charges 1.03%/yr vs 0.75%/yr for RPICX.

Performance

PRESX vs. RPICX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price European Stock Fund (PRESX) and T. Rowe Price Institutional International Disciplined Equity Fund (RPICX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRESX

• 1D: -0.34%
• 1M: 1.35%
• YTD: 5.15%
• 6M: 5.27%
• 1Y: 10.55%
• 3Y*: 11.24%
• 5Y*: 4.43%
• 10Y*: 8.15%

RPICX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PRESX vs. RPICX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRESX T. Rowe Price European Stock Fund	5.15%	21.46%	1.83%	19.07%	-21.76%	14.81%	12.53%	26.89%	-12.74%	25.74%
RPICX T. Rowe Price Institutional International Disciplined Equity Fund	0.00%	0.00%	8.78%	17.23%	-10.26%	5.14%	4.57%	23.46%	-10.41%	21.67%

Correlation

The correlation between PRESX and RPICX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 3, 2011	0.87

The correlation between PRESX and RPICX shifts across timeframes, from 0.54 (3 years) to 0.87 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PRESX vs. RPICX — Risk / Return Rank

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

PRESX

PRESX Risk / Return Rank: 10
PRESX Sharpe Ratio Rank: 9
PRESX Sortino Ratio Rank: 10
PRESX Omega Ratio Rank: 9
PRESX Calmar Ratio Rank: 10
PRESX Martin Ratio Rank: 12

RPICX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. RPICX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price European Stock Fund (PRESX) and T. Rowe Price Institutional International Disciplined Equity Fund (RPICX). 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.

	PRESX	RPICX	Difference
Sharpe ratio: Return per unit of total volatility	0.73	—	—
Sortino ratio: Return per unit of downside risk	1.12	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.92	—	—
Martin ratio: Return relative to average drawdown	3.07	—	—

Drawdowns

Drawdown Indicators

	PRESX	RPICX	Difference
Max Drawdown Largest peak-to-trough decline	-59.86%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.78%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.78%	—	—
Current Drawdown Current decline from peak	-0.60%	—	—
Average Drawdown Average peak-to-trough decline	-11.97%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.77%	—	—

Volatility

Volatility by Period

	PRESX	RPICX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	—	—

PRESX vs. RPICX - Expense Ratio Comparison

PRESX has a 1.03% expense ratio, which is higher than RPICX's 0.75% expense ratio.

Dividends

PRESX vs. RPICX - Dividend Comparison

PRESX's dividend yield for the trailing twelve months is around 10.22%, while RPICX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRESX T. Rowe Price European Stock Fund	10.22%	10.74%	6.85%	3.77%	1.32%	3.96%	0.86%	1.59%	2.67%	2.08%	3.03%	3.20%
RPICX T. Rowe Price Institutional International Disciplined Equity Fund	0.00%	0.00%	3.48%	2.79%	0.84%	3.15%	2.70%	3.61%	19.04%	6.08%	1.68%	2.37%

Frequently Asked Questions

Can I hold both PRESX and RPICX in my portfolio?

PRESX and RPICX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.