PRIDX vs. PRWAX
PRIDX (T. Rowe Price International Discovery Fund) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both mutual funds - PRIDX is a Foreign Small & Mid Cap Equities fund managed by T. Rowe Price, while PRWAX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 10 years, PRIDX returned 8.91%/yr vs 16.77%/yr for PRWAX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. PRIDX charges 1.23%/yr vs 0.76%/yr for PRWAX.
Performance
PRIDX vs. PRWAX - 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 PRWAX's -1.10% return. Over the past 10 years, PRIDX has underperformed PRWAX with an annualized return of 8.91%, while PRWAX has yielded a comparatively higher 16.77% 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%
PRWAX
- 1D
- 1.76%
- 1M
- -1.38%
- 6M
- -0.18%
- YTD
- -1.10%
- 1Y
- 7.57%
- 3Y*
- 14.80%
- 5Y*
- 8.53%
- 10Y*
- 16.77%
- ALL TIME*
- 11.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRIDX vs. PRWAX - 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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.10% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between PRIDX and PRWAX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.71 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1989 | 0.51 |
Over the past year, PRIDX and PRWAX have become more correlated (0.71) than their long-term average of 0.51, meaning their price movements have been converging.
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Return for Risk
PRIDX vs. PRWAX — Risk / Return Rank
PRIDX
PRWAX
PRIDX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Discovery Fund (PRIDX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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 | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.08 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.40 | +1.02 |
| Martin ratioReturn relative to average drawdown | 5.12 | 1.36 | +3.76 |
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Drawdowns
PRIDX vs. PRWAX - Drawdown Comparison
The maximum PRIDX drawdown since its inception was -65.01%, which is greater than PRWAX's maximum drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for PRIDX and PRWAX.
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Drawdown Indicators
| PRIDX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.01% | -55.06% | -9.95% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -14.09% | +0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -15.86% | -19.06% | +3.20% |
Max Drawdown (5Y)Largest decline over 5 years | -43.86% | -29.38% | -14.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.86% | -30.50% | -13.36% |
Current DrawdownCurrent decline from peak | -0.94% | -3.04% | +2.10% |
Average DrawdownAverage peak-to-trough decline | -16.30% | -9.87% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 4.13% | -0.39% |
Volatility
PRIDX vs. PRWAX - Volatility Comparison
T. Rowe Price International Discovery Fund (PRIDX) has a higher volatility of 5.29% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.17%. This indicates that PRIDX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRIDX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 4.17% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | 11.97% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.43% | 14.62% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 17.78% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.55% | 18.74% | -2.19% |
PRIDX vs. PRWAX - Expense Ratio Comparison
PRIDX has a 1.23% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Dividends
PRIDX vs. PRWAX - Dividend Comparison
PRIDX's dividend yield for the trailing twelve months is around 4.46%, less than PRWAX's 8.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.44% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Frequently Asked Questions
PRIDX and PRWAX have a correlation of 0.71, 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 PRWAX (4.17%). In terms of maximum drawdown, PRIDX dropped -65.01% vs PRWAX's -55.06%.
PRIDX currently has the higher Sharpe Ratio (1.25 vs 0.39), 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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