PRLAX vs. PRSCX

Last updated Jun 4, 2026

PRLAX (T. Rowe Price Latin America Fund) and PRSCX (T. Rowe Price Science And Technology Fund) are both mutual funds - PRLAX is a Latin America Equities fund managed by T. Rowe Price, while PRSCX is a Technology Equities fund managed by T. Rowe Price. Over the past 10 years, PRLAX returned 7.62%/yr vs 23.56%/yr for PRSCX. A 0.51 correlation means they provide meaningful diversification when combined. PRLAX charges 1.46%/yr vs 0.84%/yr for PRSCX.

Performance

PRLAX vs. PRSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Latin America Fund (PRLAX) and T. Rowe Price Science And Technology Fund (PRSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRLAX achieves a 8.96% return, which is significantly lower than PRSCX's 41.41% return. Over the past 10 years, PRLAX has underperformed PRSCX with an annualized return of 7.62%, while PRSCX has yielded a comparatively higher 23.56% annualized return.

PRLAX

• 1D: 0.37%
• 1M: -2.98%
• YTD: 8.96%
• 6M: 7.15%
• 1Y: 28.78%
• 3Y*: 12.22%
• 5Y*: 5.99%
• 10Y*: 7.62%

PRSCX

• 1D: 2.32%
• 1M: 21.76%
• YTD: 41.41%
• 6M: 38.56%
• 1Y: 83.87%
• 3Y*: 40.30%
• 5Y*: 18.72%
• 10Y*: 23.56%

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

PRLAX vs. PRSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRLAX T. Rowe Price Latin America Fund	8.96%	45.79%	-23.09%	34.73%	0.23%	-14.98%	-7.55%	27.23%	-8.27%	28.54%
PRSCX T. Rowe Price Science And Technology Fund	41.41%	24.28%	40.49%	53.77%	-35.40%	5.83%	45.94%	53.80%	-7.52%	39.38%

Correlation

The correlation between PRLAX and PRSCX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jan 4, 1994	0.51

The correlation between PRLAX and PRSCX shifts across timeframes, from 0.41 (3 years) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PRLAX vs. PRSCX — Risk / Return Rank

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

PRLAX

PRLAX Risk / Return Rank: 26
PRLAX Sharpe Ratio Rank: 24
PRLAX Sortino Ratio Rank: 21
PRLAX Omega Ratio Rank: 22
PRLAX Calmar Ratio Rank: 33
PRLAX Martin Ratio Rank: 28

PRSCX

PRSCX Risk / Return Rank: 91
PRSCX Sharpe Ratio Rank: 98
PRSCX Sortino Ratio Rank: 90
PRSCX Omega Ratio Rank: 86
PRSCX Calmar Ratio Rank: 92
PRSCX Martin Ratio Rank: 91

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.

PRLAX vs. PRSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Latin America Fund (PRLAX) and T. Rowe Price Science And Technology Fund (PRSCX). 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	PRSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.38	3.79	-2.41
Sortino ratio: Return per unit of downside risk	1.90	4.40	-2.49
Omega ratio: Gain probability vs. loss probability	1.25	1.59	-0.34
Calmar ratio: Return relative to maximum drawdown	2.17	5.02	-2.85
Martin ratio: Return relative to average drawdown	6.63	18.70	-12.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PRLAX vs. PRSCX - Sharpe Ratio Comparison

The current PRLAX Sharpe Ratio is 1.38, which is lower than the PRSCX Sharpe Ratio of 3.79. The chart below compares the historical Sharpe Ratios of PRLAX and PRSCX, 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

	PRLAX	PRSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	3.79	-2.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.68	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.96	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.52	-0.29

Drawdowns

PRLAX vs. PRSCX - Drawdown Comparison

The maximum PRLAX drawdown since its inception was -70.03%, smaller than the maximum PRSCX drawdown of -85.26%. Use the drawdown chart below to compare losses from any high point for PRLAX and PRSCX.

Drawdown Indicators

	PRLAX	PRSCX	Difference
Max Drawdown Largest peak-to-trough decline	-70.03%	-85.26%	+15.23%
Max Drawdown (1Y) Largest decline over 1 year	-13.65%	-17.99%	+4.34%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-31.06%	+7.46%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-46.19%	+15.45%
Max Drawdown (10Y) Largest decline over 10 years	-49.80%	-46.19%	-3.61%
Current Drawdown Current decline from peak	-8.99%	0.00%	-8.99%
Average Drawdown Average peak-to-trough decline	-23.82%	-29.89%	+6.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	4.75%	-0.29%

Volatility

PRLAX vs. PRSCX - Volatility Comparison

The current volatility for T. Rowe Price Latin America Fund (PRLAX) is 6.32%, while T. Rowe Price Science And Technology Fund (PRSCX) has a volatility of 9.43%. This indicates that PRLAX experiences smaller price fluctuations and is considered to be less risky than PRSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRLAX	PRSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	9.43%	-3.11%
Volatility (6M) Calculated over the trailing 6-month period	18.26%	19.91%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	23.82%	-2.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.89%	27.82%	-4.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.69%	24.81%	+0.88%

PRLAX vs. PRSCX - Expense Ratio Comparison

PRLAX has a 1.46% expense ratio, which is higher than PRSCX's 0.84% expense ratio.

Dividends

PRLAX vs. PRSCX - Dividend Comparison

PRLAX's dividend yield for the trailing twelve months is around 6.51%, less than PRSCX's 8.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRLAX T. Rowe Price Latin America Fund	6.51%	7.09%	7.84%	2.44%	3.10%	9.92%	1.09%	10.55%	2.41%	1.30%	1.45%	6.65%
PRSCX T. Rowe Price Science And Technology Fund	8.15%	11.53%	9.43%	0.00%	7.83%	33.69%	13.90%	10.91%	36.03%	13.21%	3.68%	18.51%

Frequently Asked Questions

Can I hold both PRLAX and PRSCX in my portfolio?

PRLAX and PRSCX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRLAX or PRSCX?

PRSCX has higher volatility (9.43%) compared to PRLAX (6.32%). In terms of maximum drawdown, PRLAX dropped -70.03% vs PRSCX's -85.26%.

Which has better risk-adjusted returns?

PRSCX currently has the higher Sharpe Ratio (3.79 vs 1.38), 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.