PRNEX vs. PRIDX
Compare and contrast key facts about T. Rowe Price New Era Fund (PRNEX) and T. Rowe Price International Discovery Fund (PRIDX).
PRNEX is managed by T. Rowe Price. It was launched on Jan 19, 1969. PRIDX is managed by T. Rowe Price. It was launched on Dec 29, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRNEX or PRIDX.
Key characteristics
| PRNEX | PRIDX | |
|---|---|---|
| YTD Return | 13.00% | 7.64% |
| 1Y Return | 17.91% | 20.17% |
| 3Y Return (Ann) | 7.00% | -12.07% |
| 5Y Return (Ann) | 9.52% | 1.11% |
| 10Y Return (Ann) | 4.14% | 2.53% |
| Sharpe Ratio | 1.33 | 1.58 |
| Sortino Ratio | 1.81 | 2.26 |
| Omega Ratio | 1.23 | 1.28 |
| Calmar Ratio | 1.99 | 0.45 |
| Martin Ratio | 5.77 | 8.56 |
| Ulcer Index | 3.28% | 2.43% |
| Daily Std Dev | 14.23% | 13.17% |
| Max Drawdown | -66.56% | -71.20% |
| Current Drawdown | -0.26% | -35.21% |
Correlation
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.
Performance
PRNEX vs. PRIDX - Performance Comparison
In the year-to-date period, PRNEX achieves a 13.00% return, which is significantly higher than PRIDX's 7.64% return. Over the past 10 years, PRNEX has outperformed PRIDX with an annualized return of 4.14%, while PRIDX has yielded a comparatively lower 2.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRNEX vs. PRIDX - Expense Ratio Comparison
PRNEX has a 0.56% expense ratio, which is lower than PRIDX's 1.23% expense ratio.
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.
Dividends
PRNEX vs. PRIDX - Dividend Comparison
PRNEX's dividend yield for the trailing twelve months is around 2.83%, more than PRIDX's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRNEX T. Rowe Price New Era Fund | 2.83% | 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 | 1.17% | 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.
Volatility
PRNEX vs. PRIDX - Volatility Comparison
T. Rowe Price New Era Fund (PRNEX) has a higher volatility of 4.03% compared to T. Rowe Price International Discovery Fund (PRIDX) at 3.32%. 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.