PRGSX vs. QQQ

Last updated Aug 1, 2026

PRGSX (T. Rowe Price Global Stock Fund) and QQQ (Invesco QQQ ETF) are both funds - PRGSX is a Global Equities fund tracking the MSCI All Country World Index Net, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, PRGSX returned 15.65%/yr vs 20.44%/yr for QQQ. Their correlation of 0.82 means they have usually moved in the same direction. PRGSX charges 0.81%/yr vs 0.18%/yr for QQQ.

Performance

PRGSX vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Stock Fund (PRGSX) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRGSX achieves a 14.53% return, which is significantly higher than QQQ's 12.26% return. Over the past 10 years, PRGSX has underperformed QQQ with an annualized return of 15.65%, while QQQ has yielded a comparatively higher 20.44% annualized return.

PRGSX

• 1D: 3.74%
• 1M: -4.07%
• 6M: 9.43%
• YTD: 14.53%
• 1Y: 29.00%
• 3Y*: 19.13%
• 5Y*: 8.00%
• 10Y*: 15.65%
• ALL TIME*: 10.07%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PRGSX T. Rowe Price Global Stock Fund	$0.00	$0.00	$0.00
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B

PRGSX vs. QQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRGSX T. Rowe Price Global Stock Fund	14.53%	21.42%	16.80%	25.70%	-28.01%	9.81%	52.29%	35.84%	-4.51%	32.64%
QQQ Invesco QQQ ETF	12.26%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between PRGSX and QQQ is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.90
Correlation (10Y) Provides a long-term view across more market conditions.	0.90
Correlation (All Time) Calculated using the full available price history since Mar 10, 1999	0.82

The correlation between PRGSX and QQQ shifts across timeframes, from 0.82 (all time) to 0.93 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PRGSX vs. QQQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PRGSX

PRGSX Risk / Return Rank: 51
PRGSX Sharpe Ratio Rank: 46
PRGSX Sortino Ratio Rank: 43
PRGSX Omega Ratio Rank: 43
PRGSX Calmar Ratio Rank: 65
PRGSX Martin Ratio Rank: 55

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PRGSX vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Stock Fund (PRGSX) and Invesco QQQ ETF (QQQ). 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.

	PRGSX	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.24	1.16	+0.09
Sortino ratio: Return per unit of downside risk	1.75	1.65	+0.10
Omega ratio: Gain probability vs. loss probability	1.22	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	2.08	1.88	+0.21
Martin ratio: Return relative to average drawdown	7.18	6.00	+1.19

PRGSX vs. QQQ - Sharpe Ratio Comparison

The current PRGSX Sharpe Ratio is 1.24, which is comparable to the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of PRGSX and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRGSX vs. QQQ - Drawdown Comparison

The maximum PRGSX drawdown since its inception was -64.06%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PRGSX and QQQ.

Drawdown Indicators

	PRGSX	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-64.06%	-82.97%	+18.91%
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	-11.96%	-0.81%
Max Drawdown (3Y) Largest decline over 3 years	-21.13%	-22.77%	+1.64%
Max Drawdown (5Y) Largest decline over 5 years	-38.11%	-35.12%	-2.99%
Max Drawdown (10Y) Largest decline over 10 years	-38.11%	-35.12%	-2.99%
Current Drawdown Current decline from peak	-8.04%	-7.69%	-0.35%
Average Drawdown Average peak-to-trough decline	-13.43%	-32.62%	+19.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.70%	3.74%	-0.04%

Volatility

PRGSX vs. QQQ - Volatility Comparison

T. Rowe Price Global Stock Fund (PRGSX) has a higher volatility of 7.51% compared to Invesco QQQ ETF (QQQ) at 6.87%. This indicates that PRGSX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRGSX	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.51%	6.87%	+0.64%
Volatility (6M) Calculated over the trailing 6-month period	18.46%	16.08%	+2.38%
Volatility (1Y) Calculated over the trailing 1-year period	21.37%	19.38%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.29%	22.90%	-2.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.97%	22.50%	-2.53%

PRGSX vs. QQQ - Expense Ratio Comparison

PRGSX has a 0.81% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

PRGSX vs. QQQ - Dividend Comparison

PRGSX's dividend yield for the trailing twelve months is around 8.38%, more than QQQ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRGSX T. Rowe Price Global Stock Fund	8.38%	9.60%	6.73%	0.27%	0.00%	13.67%	5.67%	2.21%	5.81%	0.03%	0.63%	0.33%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both PRGSX and QQQ in my portfolio?

With a correlation of 0.93, PRGSX and QQQ 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, PRGSX or QQQ?

PRGSX has higher volatility (7.51%) compared to QQQ (6.87%). In terms of maximum drawdown, PRGSX dropped -64.06% vs QQQ's -82.97%.

Which has better risk-adjusted returns?

PRGSX currently has the higher Sharpe Ratio (1.24 vs 1.16), 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.