PRIJX vs. PRGTX

Last updated Jun 25, 2026

PRIJX (T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class) and PRGTX (T. Rowe Price Global Technology Fund) are both mutual funds - PRIJX is a Emerging Markets Equities fund actively managed by T. Rowe Price, while PRGTX is a Technology Equities fund managed by T. Rowe Price. Over the past 10 years, PRIJX returned 11.80%/yr vs 19.54%/yr for PRGTX. A 0.62 correlation means they provide meaningful diversification when combined. PRIJX charges 1.13%/yr vs 0.95%/yr for PRGTX.

Performance

PRIJX vs. PRGTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class (PRIJX) and T. Rowe Price Global Technology Fund (PRGTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRIJX achieves a 22.99% return, which is significantly lower than PRGTX's 34.73% return. Over the past 10 years, PRIJX has underperformed PRGTX with an annualized return of 11.80%, while PRGTX has yielded a comparatively higher 19.54% annualized return.

PRIJX

• 1D: -5.10%
• 1M: 1.23%
• YTD: 22.99%
• 6M: 24.23%
• 1Y: 48.85%
• 3Y*: 23.87%
• 5Y*: 9.62%
• 10Y*: 11.80%

PRGTX

• 1D: -5.45%
• 1M: 1.56%
• YTD: 34.73%
• 6M: 34.73%
• 1Y: 60.48%
• 3Y*: 36.90%
• 5Y*: 8.29%
• 10Y*: 19.54%

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

PRIJX vs. PRGTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRIJX T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class	22.99%	38.56%	5.75%	11.13%	-15.64%	4.50%	6.87%	16.63%	-9.91%	32.57%
PRGTX T. Rowe Price Global Technology Fund	34.73%	27.28%	33.12%	55.92%	-55.53%	8.85%	75.77%	34.22%	-10.07%	47.09%

Correlation

The correlation between PRIJX and PRGTX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016	0.62

The correlation between PRIJX and PRGTX shifts across timeframes, from 0.62 (10 years) to 0.77 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PRIJX vs. PRGTX — Risk / Return Rank

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

PRIJX

PRIJX Risk / Return Rank: 85
PRIJX Sharpe Ratio Rank: 89
PRIJX Sortino Ratio Rank: 76
PRIJX Omega Ratio Rank: 84
PRIJX Calmar Ratio Rank: 89
PRIJX Martin Ratio Rank: 88

PRGTX

PRGTX Risk / Return Rank: 77
PRGTX Sharpe Ratio Rank: 81
PRGTX Sortino Ratio Rank: 58
PRGTX Omega Ratio Rank: 69
PRGTX Calmar Ratio Rank: 93
PRGTX Martin Ratio Rank: 84

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.

PRIJX vs. PRGTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class (PRIJX) and T. Rowe Price Global Technology Fund (PRGTX). 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.

	PRIJX	PRGTX	Difference
Sharpe ratio: Return per unit of total volatility	2.58	2.44	+0.14
Sortino ratio: Return per unit of downside risk	3.16	2.92	+0.25
Omega ratio: Gain probability vs. loss probability	1.50	1.42	+0.08
Calmar ratio: Return relative to maximum drawdown	4.01	4.96	-0.95
Martin ratio: Return relative to average drawdown	14.90	14.68	+0.22

PRIJX vs. PRGTX - Sharpe Ratio Comparison

The current PRIJX Sharpe Ratio is 2.58, which is comparable to the PRGTX Sharpe Ratio of 2.44. The chart below compares the historical Sharpe Ratios of PRIJX and PRGTX, 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

PRIJX vs. PRGTX - Drawdown Comparison

The maximum PRIJX drawdown since its inception was -41.67%, smaller than the maximum PRGTX drawdown of -71.18%. Use the drawdown chart below to compare losses from any high point for PRIJX and PRGTX.

Drawdown Indicators

	PRIJX	PRGTX	Difference
Max Drawdown Largest peak-to-trough decline	-41.67%	-71.18%	+29.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.26%	-13.06%	-0.20%
Max Drawdown (3Y) Largest decline over 3 years	-16.15%	-26.67%	+10.52%
Max Drawdown (5Y) Largest decline over 5 years	-31.16%	-65.29%	+34.13%
Max Drawdown (10Y) Largest decline over 10 years	-41.67%	-65.29%	+23.62%
Current Drawdown Current decline from peak	-6.18%	-6.56%	+0.38%
Average Drawdown Average peak-to-trough decline	-9.89%	-21.50%	+11.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.56%	4.40%	-0.84%

Volatility

PRIJX vs. PRGTX - Volatility Comparison

The current volatility for T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class (PRIJX) is 11.61%, while T. Rowe Price Global Technology Fund (PRGTX) has a volatility of 14.56%. This indicates that PRIJX experiences smaller price fluctuations and is considered to be less risky than PRGTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRIJX	PRGTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.61%	14.56%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	18.63%	22.62%	-3.99%
Volatility (1Y) Calculated over the trailing 1-year period	20.60%	26.55%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.31%	32.27%	-14.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.88%	28.63%	-10.75%

PRIJX vs. PRGTX - Expense Ratio Comparison

PRIJX has a 1.13% expense ratio, which is higher than PRGTX's 0.95% expense ratio.

Dividends

PRIJX vs. PRGTX - Dividend Comparison

PRIJX's dividend yield for the trailing twelve months is around 3.67%, while PRGTX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRGTX T. Rowe Price Global Technology Fund	0.00%	0.00%	0.00%	0.00%	3.28%	27.71%	5.05%	0.15%	24.67%	15.81%	9.46%	10.03%
PRIJX T. Rowe Price Emerging Markets Discovery Stock Fund Investor Class	3.67%	4.51%	3.15%	2.99%	1.93%	2.29%	0.76%	2.55%	1.66%	3.67%	4.69%	0.00%

Frequently Asked Questions

Can I hold both PRIJX and PRGTX in my portfolio?

PRIJX and PRGTX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRIJX or PRGTX?

PRGTX has higher volatility (14.56%) compared to PRIJX (11.61%). In terms of maximum drawdown, PRIJX dropped -41.67% vs PRGTX's -71.18%.

Which has better risk-adjusted returns?

PRIJX currently has the higher Sharpe Ratio (2.58 vs 2.44), 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.