PRIDX vs. PRNEX
Compare and contrast key facts about T. Rowe Price International Discovery Fund (PRIDX) and T. Rowe Price New Era Fund (PRNEX).
PRIDX is managed by T. Rowe Price. It was launched on Dec 29, 1988. PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRIDX or PRNEX.
Key characteristics
| PRIDX | PRNEX | |
|---|---|---|
| YTD Return | 9.22% | 11.76% |
| 1Y Return | 26.09% | 9.11% |
| 3Y Return (Ann) | -5.46% | 7.15% |
| 5Y Return (Ann) | 6.83% | 10.15% |
| 10Y Return (Ann) | 7.64% | 4.34% |
| Sharpe Ratio | 1.76 | 0.58 |
| Sortino Ratio | 2.52 | 0.87 |
| Omega Ratio | 1.31 | 1.11 |
| Calmar Ratio | 0.61 | 0.88 |
| Martin Ratio | 11.37 | 2.16 |
| Ulcer Index | 2.11% | 3.93% |
| Daily Std Dev | 13.64% | 14.65% |
| Max Drawdown | -64.93% | -66.56% |
| Current Drawdown | -20.87% | -1.35% |
Correlation
The correlation between PRIDX and PRNEX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PRIDX vs. PRNEX - Performance Comparison
In the year-to-date period, PRIDX achieves a 9.22% return, which is significantly lower than PRNEX's 11.76% return. Over the past 10 years, PRIDX has outperformed PRNEX with an annualized return of 7.64%, while PRNEX has yielded a comparatively lower 4.34% 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. PRNEX - Expense Ratio Comparison
PRIDX has a 1.23% expense ratio, which is higher than PRNEX's 0.56% expense ratio.
Risk-Adjusted Performance
PRIDX vs. PRNEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Discovery Fund (PRIDX) and T. Rowe Price New Era Fund (PRNEX). 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. PRNEX - Dividend Comparison
PRIDX's dividend yield for the trailing twelve months is around 1.88%, less than PRNEX's 10.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRIDX T. Rowe Price International Discovery Fund | 1.88% | 2.05% | 3.18% | 15.35% | 4.30% | 1.16% | 6.20% | 3.46% | 2.39% | 5.00% | 7.43% | 2.76% |
PRNEX T. Rowe Price New Era Fund | 10.26% | 11.46% | 4.47% | 2.07% | 2.54% | 2.18% | 1.69% | 1.89% | 1.28% | 2.68% | 17.59% | 8.80% |
Drawdowns
PRIDX vs. PRNEX - Drawdown Comparison
The maximum PRIDX drawdown since its inception was -64.93%, roughly equal to the maximum PRNEX drawdown of -66.56%. Use the drawdown chart below to compare losses from any high point for PRIDX and PRNEX. For additional features, visit the drawdowns tool.
Volatility
PRIDX vs. PRNEX - Volatility Comparison
T. Rowe Price International Discovery Fund (PRIDX) and T. Rowe Price New Era Fund (PRNEX) have volatilities of 4.52% and 4.42%, 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.