PRIDX vs. VFSAX

Last updated Jun 4, 2026

PRIDX (T. Rowe Price International Discovery Fund) and VFSAX (Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares) are both Foreign Small & Mid Cap Equities funds. Over the past 5 years, PRIDX returned 2.14%/yr vs 6.13%/yr for VFSAX. Their correlation of 0.93 suggests significant overlap in exposure. PRIDX charges 1.23%/yr vs 0.16%/yr for VFSAX.

Performance

PRIDX vs. VFSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price International Discovery Fund (PRIDX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRIDX achieves a 8.88% return, which is significantly lower than VFSAX's 11.72% return.

PRIDX

• 1D: 0.10%
• 1M: 2.24%
• YTD: 8.88%
• 6M: 12.45%
• 1Y: 22.58%
• 3Y*: 15.05%
• 5Y*: 2.14%
• 10Y*: 8.95%

VFSAX

• 1D: 0.05%
• 1M: 1.80%
• YTD: 11.72%
• 6M: 14.53%
• 1Y: 28.52%
• 3Y*: 17.12%
• 5Y*: 6.13%
• 10Y*: —

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

PRIDX vs. VFSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PRIDX T. Rowe Price International Discovery Fund	8.88%	25.53%	3.65%	13.19%	-30.34%	7.31%	38.78%	17.53%
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	11.72%	29.89%	2.58%	15.13%	-21.30%	12.68%	11.90%	13.47%

Correlation

The correlation between PRIDX and VFSAX is 0.95 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Feb 8, 2019	0.93

The correlation between PRIDX and VFSAX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

PRIDX vs. VFSAX — Risk / Return Rank

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

PRIDX

PRIDX Risk / Return Rank: 26
PRIDX Sharpe Ratio Rank: 30
PRIDX Sortino Ratio Rank: 29
PRIDX Omega Ratio Rank: 30
PRIDX Calmar Ratio Rank: 20
PRIDX Martin Ratio Rank: 24

VFSAX

VFSAX Risk / Return Rank: 47
VFSAX Sharpe Ratio Rank: 51
VFSAX Sortino Ratio Rank: 47
VFSAX Omega Ratio Rank: 50
VFSAX Calmar Ratio Rank: 42
VFSAX Martin Ratio Rank: 45

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. VFSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Discovery Fund (PRIDX) and Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX). 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.

	PRIDX	VFSAX	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.11	-0.55
Sortino ratio: Return per unit of downside risk	2.21	2.88	-0.67
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.10
Calmar ratio: Return relative to maximum drawdown	1.63	2.45	-0.82
Martin ratio: Return relative to average drawdown	6.05	9.44	-3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRIDX vs. VFSAX - Sharpe Ratio Comparison

The current PRIDX Sharpe Ratio is 1.55, which is comparable to the VFSAX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of PRIDX and VFSAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PRIDX	VFSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.11	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.41	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.55	+0.09

Drawdowns

PRIDX vs. VFSAX - Drawdown Comparison

The maximum PRIDX drawdown since its inception was -65.01%, which is greater than VFSAX's maximum drawdown of -39.86%. Use the drawdown chart below to compare losses from any high point for PRIDX and VFSAX.

Drawdown Indicators

	PRIDX	VFSAX	Difference
Max Drawdown Largest peak-to-trough decline	-65.01%	-39.86%	-25.15%
Max Drawdown (1Y) Largest decline over 1 year	-13.50%	-11.48%	-2.02%
Max Drawdown (3Y) Largest decline over 3 years	-15.86%	-14.73%	-1.13%
Max Drawdown (5Y) Largest decline over 5 years	-43.86%	-33.81%	-10.05%
Max Drawdown (10Y) Largest decline over 10 years	-43.86%	—	—
Current Drawdown Current decline from peak	-1.31%	-1.08%	-0.23%
Average Drawdown Average peak-to-trough decline	-16.36%	-9.26%	-7.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.63%	2.98%	+0.65%

Volatility

PRIDX vs. VFSAX - Volatility Comparison

The current volatility for T. Rowe Price International Discovery Fund (PRIDX) is 3.87%, while Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares (VFSAX) has a volatility of 4.31%. This indicates that PRIDX experiences smaller price fluctuations and is considered to be less risky than VFSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIDX	VFSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	4.31%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	11.70%	11.18%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	13.39%	+0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	15.04%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.64%	17.03%	-0.39%

PRIDX vs. VFSAX - Expense Ratio Comparison

PRIDX has a 1.23% expense ratio, which is higher than VFSAX's 0.16% expense ratio.

Dividends

PRIDX vs. VFSAX - Dividend Comparison

PRIDX's dividend yield for the trailing twelve months is around 4.49%, more than VFSAX's 2.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRIDX T. Rowe Price International Discovery Fund	4.49%	4.88%	4.03%	2.05%	3.18%	15.35%	4.30%	1.48%	6.20%	3.11%	1.81%	5.00%
VFSAX Vanguard FTSE All-World ex-US Small-Cap Index Fund Admiral Shares	2.96%	3.31%	3.36%	3.06%	2.22%	2.67%	1.85%	3.19%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PRIDX and VFSAX in my portfolio?

With a correlation of 0.95, PRIDX and VFSAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PRIDX or VFSAX?

VFSAX has higher volatility (4.31%) compared to PRIDX (3.87%). In terms of maximum drawdown, PRIDX dropped -65.01% vs VFSAX's -39.86%.

Which has better risk-adjusted returns?

VFSAX currently has the higher Sharpe Ratio (2.11 vs 1.55), 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.