PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
PRNEX vs. PRIDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PRNEX vs. PRIDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price New Era Fund (PRNEX) and T. Rowe Price International Discovery Fund (PRIDX). The values are adjusted to include any dividend payments, if applicable.

-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.94%
-2.57%
PRNEX
PRIDX

Returns By Period

In the year-to-date period, PRNEX achieves a 15.15% return, which is significantly higher than PRIDX's 3.94% return. Over the past 10 years, PRNEX has outperformed PRIDX with an annualized return of 4.28%, while PRIDX has yielded a comparatively lower 2.10% annualized return.


PRNEX

YTD

15.15%

1M

4.56%

6M

4.94%

1Y

17.81%

5Y (annualized)

10.03%

10Y (annualized)

4.28%

PRIDX

YTD

3.94%

1M

-3.14%

6M

-2.57%

1Y

10.93%

5Y (annualized)

0.57%

10Y (annualized)

2.10%

Key characteristics


PRNEXPRIDX
Sharpe Ratio1.260.85
Sortino Ratio1.721.25
Omega Ratio1.221.15
Calmar Ratio1.880.25
Martin Ratio5.433.83
Ulcer Index3.28%2.85%
Daily Std Dev14.10%12.80%
Max Drawdown-66.56%-71.20%
Current Drawdown0.00%-37.44%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PRNEX vs. PRIDX - Expense Ratio Comparison

PRNEX has a 0.56% expense ratio, which is lower than PRIDX's 1.23% expense ratio.


PRIDX
T. Rowe Price International Discovery Fund
Expense ratio chart for PRIDX: current value at 1.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.23%
Expense ratio chart for PRNEX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%

Correlation

-0.50.00.51.00.5

The correlation between PRNEX and PRIDX is 0.49, 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.

Risk-Adjusted Performance

PRNEX vs. PRIDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Era Fund (PRNEX) and T. Rowe Price International Discovery Fund (PRIDX). 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.


Sharpe ratio
The chart of Sharpe ratio for PRNEX, currently valued at 1.26, compared to the broader market-1.000.001.002.003.004.005.001.260.85
The chart of Sortino ratio for PRNEX, currently valued at 1.72, compared to the broader market0.005.0010.001.721.25
The chart of Omega ratio for PRNEX, currently valued at 1.22, compared to the broader market1.002.003.004.001.221.15
The chart of Calmar ratio for PRNEX, currently valued at 1.88, compared to the broader market0.005.0010.0015.0020.001.880.25
The chart of Martin ratio for PRNEX, currently valued at 5.43, compared to the broader market0.0020.0040.0060.0080.00100.005.433.83
PRNEX
PRIDX

The current PRNEX Sharpe Ratio is 1.26, which is higher than the PRIDX Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of PRNEX and PRIDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.000.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.26
0.85
PRNEX
PRIDX

Dividends

PRNEX vs. PRIDX - Dividend Comparison

PRNEX's dividend yield for the trailing twelve months is around 2.78%, more than PRIDX's 1.21% yield.


TTM20232022202120202019201820172016201520142013
PRNEX
T. Rowe Price New Era Fund
2.78%3.20%4.34%2.07%2.39%2.18%1.69%1.89%1.28%1.54%1.22%0.56%
PRIDX
T. Rowe Price International Discovery Fund
1.21%1.25%0.00%0.00%0.08%0.83%0.58%0.35%0.58%0.69%0.87%1.11%

Drawdowns

PRNEX vs. PRIDX - Drawdown Comparison

The maximum PRNEX drawdown since its inception was -66.56%, smaller than the maximum PRIDX drawdown of -71.20%. Use the drawdown chart below to compare losses from any high point for PRNEX and PRIDX. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-37.44%
PRNEX
PRIDX

Volatility

PRNEX vs. PRIDX - Volatility Comparison

T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 3.73% compared to T. Rowe Price International Discovery Fund (PRIDX) at 3.15%. This indicates that PRNEX's price experiences larger fluctuations and is considered to be riskier than PRIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.50%3.00%3.50%4.00%4.50%5.00%5.50%6.00%JuneJulyAugustSeptemberOctoberNovember
3.73%
3.15%
PRNEX
PRIDX