PRLAX vs. MXF
Compare and contrast key facts about T. Rowe Price Latin America Fund (PRLAX) and The Mexico Fund (MXF).
PRLAX is managed by T. Rowe Price. It was launched on Dec 28, 1993. MXF is managed by Impulsora del Fondo México. It was launched on Jun 1, 1981.
Performance
PRLAX vs. MXF - Performance Comparison
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PRLAX vs. MXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRLAX T. Rowe Price Latin America Fund | 7.33% | 45.79% | -23.09% | 34.73% | 0.23% | -14.98% | -7.55% | 27.23% | -8.27% | 28.54% |
MXF The Mexico Fund | 5.65% | 61.94% | -27.14% | 35.83% | -1.66% | 18.01% | 3.29% | 11.37% | -12.26% | 15.71% |
Returns By Period
In the year-to-date period, PRLAX achieves a 7.33% return, which is significantly higher than MXF's 5.65% return. Over the past 10 years, PRLAX has outperformed MXF with an annualized return of 7.56%, while MXF has yielded a comparatively lower 6.49% annualized return.
PRLAX
- 1D
- 0.34%
- 1M
- -8.09%
- YTD
- 7.33%
- 6M
- 13.48%
- 1Y
- 41.25%
- 3Y*
- 15.48%
- 5Y*
- 8.17%
- 10Y*
- 7.56%
MXF
- 1D
- 2.95%
- 1M
- -8.24%
- YTD
- 5.65%
- 6M
- 9.47%
- 1Y
- 56.11%
- 3Y*
- 13.16%
- 5Y*
- 13.34%
- 10Y*
- 6.49%
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PRLAX vs. MXF - Expense Ratio Comparison
PRLAX has a 1.46% expense ratio, which is higher than MXF's 0.02% expense ratio.
Return for Risk
PRLAX vs. MXF — Risk / Return Rank
PRLAX
MXF
PRLAX vs. MXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Latin America Fund (PRLAX) and The Mexico Fund (MXF). 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.
| PRLAX | MXF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.77 | 2.49 | -0.72 |
Sortino ratioReturn per unit of downside risk | 2.30 | 3.10 | -0.80 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.43 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.80 | 3.88 | -1.08 |
Martin ratioReturn relative to average drawdown | 9.99 | 15.13 | -5.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PRLAX | MXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.49 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.65 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.28 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.32 | -0.08 |
Correlation
The correlation between PRLAX and MXF is 0.67, 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.
Dividends
PRLAX vs. MXF - Dividend Comparison
PRLAX's dividend yield for the trailing twelve months is around 6.61%, more than MXF's 5.11% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRLAX T. Rowe Price Latin America Fund | 6.61% | 7.09% | 7.84% | 2.44% | 3.10% | 9.92% | 1.09% | 10.55% | 2.41% | 1.30% | 1.45% | 6.65% |
MXF The Mexico Fund | 5.11% | 4.67% | 6.67% | 4.19% | 4.88% | 2.29% | 3.15% | 7.28% | 5.13% | 3.37% | 5.03% | 10.90% |
Drawdowns
PRLAX vs. MXF - Drawdown Comparison
The maximum PRLAX drawdown since its inception was -70.03%, smaller than the maximum MXF drawdown of -80.25%. Use the drawdown chart below to compare losses from any high point for PRLAX and MXF.
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Drawdown Indicators
| PRLAX | MXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.03% | -80.25% | +10.22% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -14.03% | +0.38% |
Max Drawdown (5Y)Largest decline over 5 years | -30.74% | -30.73% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -49.80% | -56.02% | +6.22% |
Current DrawdownCurrent decline from peak | -10.28% | -8.24% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -23.92% | -31.68% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 3.59% | +0.23% |
Volatility
PRLAX vs. MXF - Volatility Comparison
T. Rowe Price Latin America Fund (PRLAX) and The Mexico Fund (MXF) have volatilities of 10.82% and 10.75%, 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.
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Volatility by Period
| PRLAX | MXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.82% | 10.75% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 17.30% | 16.09% | +1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.68% | 22.68% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 20.65% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.72% | 23.25% | +2.47% |