PRIDX vs. OPGIX

Last updated Jun 24, 2026

PRIDX (T. Rowe Price International Discovery Fund) and OPGIX (Invesco Global Opportunities Fund Class A) are both Foreign Small & Mid Cap Equities funds. Over the past 10 years, PRIDX returned 9.52%/yr vs 7.08%/yr for OPGIX. A 0.67 correlation means they provide meaningful diversification when combined. PRIDX charges 1.23%/yr vs 1.04%/yr for OPGIX.

Performance

PRIDX vs. OPGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Discovery Fund (PRIDX) and Invesco Global Opportunities Fund Class A (OPGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRIDX achieves a 8.65% return, which is significantly lower than OPGIX's 14.73% return. Over the past 10 years, PRIDX has outperformed OPGIX with an annualized return of 9.52%, while OPGIX has yielded a comparatively lower 7.08% annualized return.

PRIDX

• 1D: -0.28%
• 1M: 0.54%
• YTD: 8.65%
• 6M: 8.62%
• 1Y: 21.77%
• 3Y*: 15.06%
• 5Y*: 1.77%
• 10Y*: 9.52%

OPGIX

• 1D: 0.65%
• 1M: 2.52%
• YTD: 14.73%
• 6M: 12.96%
• 1Y: 18.56%
• 3Y*: 5.48%
• 5Y*: -5.57%
• 10Y*: 7.08%

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

PRIDX vs. OPGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRIDX T. Rowe Price International Discovery Fund	8.65%	25.53%	3.65%	13.19%	-30.34%	7.31%	38.78%	25.01%	-17.54%	38.56%
OPGIX Invesco Global Opportunities Fund Class A	14.73%	7.12%	-7.47%	17.34%	-41.63%	0.02%	39.82%	27.74%	-18.26%	52.59%

Correlation

The correlation between PRIDX and OPGIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 22, 1990	0.67

The correlation between PRIDX and OPGIX shifts across timeframes, from 0.67 (all time) to 0.83 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PRIDX vs. OPGIX — Risk / Return Rank

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

PRIDX

PRIDX Risk / Return Rank: 30
PRIDX Sharpe Ratio Rank: 34
PRIDX Sortino Ratio Rank: 32
PRIDX Omega Ratio Rank: 34
PRIDX Calmar Ratio Rank: 24
PRIDX Martin Ratio Rank: 28

OPGIX

OPGIX Risk / Return Rank: 29
OPGIX Sharpe Ratio Rank: 23
OPGIX Sortino Ratio Rank: 24
OPGIX Omega Ratio Rank: 23
OPGIX Calmar Ratio Rank: 37
OPGIX Martin Ratio Rank: 39

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.

PRIDX vs. OPGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Discovery Fund (PRIDX) and Invesco Global Opportunities Fund Class A (OPGIX). 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	OPGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.27	+0.28
Sortino ratio: Return per unit of downside risk	2.20	1.89	+0.31
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.05
Calmar ratio: Return relative to maximum drawdown	1.69	2.20	-0.51
Martin ratio: Return relative to average drawdown	6.18	7.87	-1.69

PRIDX vs. OPGIX - Sharpe Ratio Comparison

The current PRIDX Sharpe Ratio is 1.55, which is comparable to the OPGIX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of PRIDX and OPGIX, 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

PRIDX vs. OPGIX - Drawdown Comparison

The maximum PRIDX drawdown since its inception was -65.01%, roughly equal to the maximum OPGIX drawdown of -62.57%. Use the drawdown chart below to compare losses from any high point for PRIDX and OPGIX.

Drawdown Indicators

	PRIDX	OPGIX	Difference
Max Drawdown Largest peak-to-trough decline	-65.01%	-62.57%	-2.44%
Max Drawdown (1Y) Largest decline over 1 year	-13.50%	-10.08%	-3.42%
Max Drawdown (3Y) Largest decline over 3 years	-15.86%	-25.17%	+9.31%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-52.49%	+8.63%
Max Drawdown (10Y) Largest decline over 10 years	-43.86%	-54.65%	+10.79%
Current Drawdown Current decline from peak	-1.52%	-32.06%	+30.54%
Average Drawdown Average peak-to-trough decline	-16.34%	-15.75%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	2.70%	+0.99%

Volatility

PRIDX vs. OPGIX - Volatility Comparison

The current volatility for T. Rowe Price International Discovery Fund (PRIDX) is 5.20%, while Invesco Global Opportunities Fund Class A (OPGIX) has a volatility of 5.79%. This indicates that PRIDX experiences smaller price fluctuations and is considered to be less risky than OPGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIDX	OPGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	5.79%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	12.52%	14.06%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	14.78%	17.53%	-2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	22.67%	-5.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	22.58%	-5.93%

PRIDX vs. OPGIX - Expense Ratio Comparison

PRIDX has a 1.23% expense ratio, which is higher than OPGIX's 1.04% expense ratio.

Dividends

PRIDX vs. OPGIX - Dividend Comparison

PRIDX's dividend yield for the trailing twelve months is around 4.50%, more than OPGIX's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OPGIX Invesco Global Opportunities Fund Class A	0.10%	0.11%	0.01%	0.00%	0.00%	5.29%	8.95%	6.16%	10.87%	2.32%	7.86%	0.66%
PRIDX T. Rowe Price International Discovery Fund	4.50%	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

Can I hold both PRIDX and OPGIX in my portfolio?

PRIDX and OPGIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRIDX or OPGIX?

OPGIX has higher volatility (5.79%) compared to PRIDX (5.20%). In terms of maximum drawdown, PRIDX dropped -65.01% vs OPGIX's -62.57%.

Which has better risk-adjusted returns?

PRIDX currently has the higher Sharpe Ratio (1.55 vs 1.27), 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.