PRIDX vs. GWX
PRIDX (T. Rowe Price International Discovery Fund) and GWX (SPDR S&P International Small Cap ETF) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, PRIDX returned 8.91%/yr vs 6.98%/yr for GWX. Their correlation of 0.88 means they have usually moved in the same direction. PRIDX charges 1.23%/yr vs 0.40%/yr for GWX.
Performance
PRIDX vs. GWX - Performance Comparison
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Returns By Period
In the year-to-date period, PRIDX achieves a 9.53% return, which is significantly higher than GWX's 6.57% return. Over the past 10 years, PRIDX has outperformed GWX with an annualized return of 8.91%, while GWX has yielded a comparatively lower 6.98% annualized return.
PRIDX
- 1D
- 2.40%
- 1M
- 0.62%
- 6M
- 3.95%
- YTD
- 9.53%
- 1Y
- 19.81%
- 3Y*
- 13.35%
- 5Y*
- 1.63%
- 10Y*
- 8.91%
- ALL TIME*
- 9.76%
GWX
- 1D
- -0.67%
- 1M
- -1.75%
- 6M
- -0.65%
- YTD
- 6.57%
- 1Y
- 18.38%
- 3Y*
- 14.16%
- 5Y*
- 4.99%
- 10Y*
- 6.98%
- ALL TIME*
- 4.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.09M | $2.68M | $2.97M | |
| $0.00 | $0.00 | $0.00 |
PRIDX vs. GWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRIDX T. Rowe Price International Discovery Fund | 9.53% | 25.53% | 3.65% | 13.19% | -30.34% | 7.31% | 38.78% | 25.01% | -17.54% | 38.56% |
GWX SPDR S&P International Small Cap ETF | 6.57% | 35.89% | 0.21% | 10.94% | -19.98% | 9.66% | 13.41% | 18.18% | -18.97% | 28.88% |
Correlation
The correlation between PRIDX and GWX is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.88 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.89 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2007 | 0.88 |
The correlation between PRIDX and GWX has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
PRIDX vs. GWX — Risk / Return Rank
PRIDX
GWX
PRIDX vs. GWX - Risk-Adjusted Trends 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.
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.
| PRIDX | GWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.58 | -0.16 |
| Martin ratioReturn relative to average drawdown | 5.12 | 4.84 | +0.28 |
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Drawdowns
PRIDX vs. GWX - Drawdown Comparison
The maximum PRIDX drawdown since its inception was -65.01%, 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.
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Drawdown Indicators
| PRIDX | GWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.01% | -63.25% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -11.91% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.86% | -14.73% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -43.86% | -34.58% | -9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | -45.27% | +1.41% |
Current DrawdownCurrent decline from peak | -0.94% | -7.40% | +6.46% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -14.66% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 3.88% | -0.14% |
Volatility
PRIDX vs. GWX - Volatility Comparison
T. Rowe Price International Discovery Fund (PRIDX) and SPDR S&P International Small Cap ETF (GWX) have volatilities of 5.29% and 5.20%, 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.
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Volatility by Period
| PRIDX | GWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 5.20% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 14.72% | -1.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 16.98% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 16.99% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 17.34% | -0.79% |
PRIDX vs. GWX - Expense Ratio Comparison
PRIDX has a 1.23% expense ratio, which is higher than GWX's 0.40% expense ratio.
Dividends
PRIDX vs. GWX - Dividend Comparison
PRIDX's dividend yield for the trailing twelve months is around 4.46%, more than GWX's 2.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWX SPDR S&P International Small Cap ETF | 2.78% | 2.83% | 2.71% | 2.64% | 2.71% | 2.75% | 1.74% | 3.41% | 2.94% | 5.18% | 4.21% | 2.67% |
PRIDX T. Rowe Price International Discovery Fund | 4.46% | 4.88% | 4.03% | 2.05% | 3.18% | 15.35% | 4.30% | 1.48% | 6.20% | 3.11% | 1.81% | 5.00% |
Frequently Asked Questions
PRIDX and GWX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRIDX has higher volatility (5.29%) compared to GWX (5.20%). In terms of maximum drawdown, PRIDX dropped -65.01% vs GWX's -63.25%.
PRIDX currently has the higher Sharpe Ratio (1.25 vs 1.11), 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.
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