PRIDX vs. GWX
Compare and contrast key facts about T. Rowe Price International Discovery Fund (PRIDX) and SPDR S&P International Small Cap ETF (GWX).
PRIDX is managed by T. Rowe Price. It was launched on Dec 29, 1988. GWX is a passively managed fund by State Street that tracks the performance of the S&P Developed Ex-U.S. Under USD2 Billion Index. It was launched on Apr 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRIDX or GWX.
Key characteristics
| PRIDX | GWX | |
|---|---|---|
| YTD Return | 9.65% | 6.06% |
| 1Y Return | 24.44% | 20.10% |
| 3Y Return (Ann) | -5.29% | -2.60% |
| 5Y Return (Ann) | 6.92% | 4.84% |
| 10Y Return (Ann) | 7.77% | 5.05% |
| Sharpe Ratio | 1.81 | 1.36 |
| Sortino Ratio | 2.58 | 1.94 |
| Omega Ratio | 1.32 | 1.24 |
| Calmar Ratio | 0.63 | 0.71 |
| Martin Ratio | 11.28 | 8.31 |
| Ulcer Index | 2.18% | 2.44% |
| Daily Std Dev | 13.63% | 14.98% |
| Max Drawdown | -64.93% | -63.25% |
| Current Drawdown | -20.56% | -10.58% |
Correlation
The correlation between PRIDX and GWX is 0.89, 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.
Performance
PRIDX vs. GWX - Performance Comparison
In the year-to-date period, PRIDX achieves a 9.65% return, which is significantly higher than GWX's 6.06% return. Over the past 10 years, PRIDX has outperformed GWX with an annualized return of 7.77%, while GWX has yielded a comparatively lower 5.05% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRIDX vs. GWX - Expense Ratio Comparison
PRIDX has a 1.23% expense ratio, which is higher than GWX's 0.40% expense ratio.
Risk-Adjusted Performance
PRIDX vs. GWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Discovery Fund (PRIDX) and SPDR S&P International Small Cap ETF (GWX). 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
PRIDX vs. GWX - Dividend Comparison
PRIDX's dividend yield for the trailing twelve months is around 1.87%, less than GWX's 2.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRIDX T. Rowe Price International Discovery Fund | 1.87% | 2.05% | 3.18% | 15.35% | 4.30% | 1.16% | 6.20% | 3.46% | 2.39% | 5.00% | 7.43% | 2.76% |
GWX SPDR S&P International Small Cap ETF | 2.44% | 2.64% | 2.71% | 2.75% | 1.74% | 3.41% | 2.94% | 5.18% | 4.21% | 2.64% | 13.53% | 3.06% |
Drawdowns
PRIDX vs. GWX - Drawdown Comparison
The maximum PRIDX drawdown since its inception was -64.93%, roughly equal to the maximum GWX drawdown of -63.25%. Use the drawdown chart below to compare losses from any high point for PRIDX and GWX. For additional features, visit the drawdowns tool.
Volatility
PRIDX vs. GWX - Volatility Comparison
T. Rowe Price International Discovery Fund (PRIDX) has a higher volatility of 4.50% compared to SPDR S&P International Small Cap ETF (GWX) at 4.24%. This indicates that PRIDX's price experiences larger fluctuations and is considered to be riskier than GWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.