PRLAX vs. TRLGX

Last updated Jun 24, 2026

PRLAX (T. Rowe Price Latin America Fund) and TRLGX (T. Rowe Price Large-Cap Growth Fund) are both mutual funds - PRLAX is a Latin America Equities fund managed by T. Rowe Price, while TRLGX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 10 years, PRLAX returned 7.44%/yr vs 18.48%/yr for TRLGX. A 0.56 correlation means they provide meaningful diversification when combined. PRLAX charges 1.46%/yr vs 0.55%/yr for TRLGX.

Performance

PRLAX vs. TRLGX - 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 Large-Cap Growth Fund (TRLGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PRLAX achieves a 7.60% return, which is significantly higher than TRLGX's -0.26% return. Over the past 10 years, PRLAX has underperformed TRLGX with an annualized return of 7.44%, while TRLGX has yielded a comparatively higher 18.48% annualized return.

PRLAX

• 1D: 0.51%
• 1M: -0.88%
• YTD: 7.60%
• 6M: 7.40%
• 1Y: 27.05%
• 3Y*: 9.59%
• 5Y*: 5.39%
• 10Y*: 7.44%

TRLGX

• 1D: -1.60%
• 1M: -2.62%
• YTD: -0.26%
• 6M: -1.17%
• 1Y: 14.05%
• 3Y*: 22.59%
• 5Y*: 10.25%
• 10Y*: 18.48%

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

PRLAX vs. TRLGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRLAX T. Rowe Price Latin America Fund	7.60%	45.79%	-23.09%	34.73%	0.23%	-14.98%	-7.55%	27.23%	-8.27%	28.54%
TRLGX T. Rowe Price Large-Cap Growth Fund	-0.26%	17.51%	37.57%	46.22%	-35.26%	23.24%	39.57%	28.51%	4.35%	37.77%

Correlation

The correlation between PRLAX and TRLGX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.46
Correlation (All Time) Calculated using the full available price history since Oct 31, 2001	0.56

The correlation between PRLAX and TRLGX shifts across timeframes, from 0.42 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PRLAX vs. TRLGX — Risk / Return Rank

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

PRLAX

PRLAX Risk / Return Rank: 23
PRLAX Sharpe Ratio Rank: 21
PRLAX Sortino Ratio Rank: 20
PRLAX Omega Ratio Rank: 21
PRLAX Calmar Ratio Rank: 30
PRLAX Martin Ratio Rank: 23

TRLGX

TRLGX Risk / Return Rank: 11
TRLGX Sharpe Ratio Rank: 13
TRLGX Sortino Ratio Rank: 12
TRLGX Omega Ratio Rank: 12
TRLGX Calmar Ratio Rank: 9
TRLGX Martin Ratio Rank: 10

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. TRLGX - 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 Large-Cap Growth Fund (TRLGX). 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.

	PRLAX	TRLGX	Difference
Sharpe ratio: Return per unit of total volatility	1.23	0.92	+0.31
Sortino ratio: Return per unit of downside risk	1.73	1.34	+0.39
Omega ratio: Gain probability vs. loss probability	1.22	1.17	+0.05
Calmar ratio: Return relative to maximum drawdown	1.93	0.83	+1.10
Martin ratio: Return relative to average drawdown	5.22	2.57	+2.65

PRLAX vs. TRLGX - Sharpe Ratio Comparison

The current PRLAX Sharpe Ratio is 1.23, which is higher than the TRLGX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of PRLAX and TRLGX, 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

PRLAX vs. TRLGX - Drawdown Comparison

The maximum PRLAX drawdown since its inception was -70.03%, which is greater than TRLGX's maximum drawdown of -55.56%. Use the drawdown chart below to compare losses from any high point for PRLAX and TRLGX.

Drawdown Indicators

	PRLAX	TRLGX	Difference
Max Drawdown Largest peak-to-trough decline	-70.03%	-55.56%	-14.47%
Max Drawdown (1Y) Largest decline over 1 year	-13.94%	-18.18%	+4.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-21.17%	-2.43%
Max Drawdown (5Y) Largest decline over 5 years	-29.69%	-40.44%	+10.75%
Max Drawdown (10Y) Largest decline over 10 years	-49.80%	-40.44%	-9.36%
Current Drawdown Current decline from peak	-10.12%	-5.97%	-4.15%
Average Drawdown Average peak-to-trough decline	-23.79%	-8.67%	-15.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	5.85%	-0.71%

Volatility

PRLAX vs. TRLGX - Volatility Comparison

The current volatility for T. Rowe Price Latin America Fund (PRLAX) is 5.99%, while T. Rowe Price Large-Cap Growth Fund (TRLGX) has a volatility of 6.43%. This indicates that PRLAX experiences smaller price fluctuations and is considered to be less risky than TRLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRLAX	TRLGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.99%	6.43%	-0.44%
Volatility (6M) Calculated over the trailing 6-month period	18.07%	13.44%	+4.63%
Volatility (1Y) Calculated over the trailing 1-year period	22.01%	16.52%	+5.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.99%	22.48%	+0.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.68%	21.83%	+3.85%

PRLAX vs. TRLGX - Expense Ratio Comparison

PRLAX has a 1.46% expense ratio, which is higher than TRLGX's 0.55% expense ratio.

Dividends

PRLAX vs. TRLGX - Dividend Comparison

PRLAX's dividend yield for the trailing twelve months is around 6.59%, less than TRLGX's 13.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRLAX T. Rowe Price Latin America Fund	6.59%	7.09%	7.84%	2.44%	3.10%	9.92%	1.09%	10.55%	2.41%	1.30%	1.45%	6.65%
TRLGX T. Rowe Price Large-Cap Growth Fund	13.73%	13.69%	9.80%	2.04%	3.88%	2.56%	0.42%	4.09%	7.93%	9.27%	1.64%	4.71%

Frequently Asked Questions

Can I hold both PRLAX and TRLGX in my portfolio?

PRLAX and TRLGX have a correlation of 0.42, 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 TRLGX?

TRLGX has higher volatility (6.43%) compared to PRLAX (5.99%). In terms of maximum drawdown, PRLAX dropped -70.03% vs TRLGX's -55.56%.

Which has better risk-adjusted returns?

PRLAX currently has the higher Sharpe Ratio (1.23 vs 0.92), 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.