PRNHX vs. OIGAX
PRNHX (T. Rowe Price New Horizons Fund) and OIGAX (Invesco Oppenheimer International Growth Fund Class A) are both mutual funds - PRNHX is a Mid Cap Growth Equities fund managed by T. Rowe Price, while OIGAX is a Foreign Large Cap Equities fund managed by Invesco. Over the past 10 years, PRNHX returned 13.63%/yr vs 5.74%/yr for OIGAX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. PRNHX charges 0.79%/yr vs 1.10%/yr for OIGAX.
Performance
PRNHX vs. OIGAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PRNHX achieves a 10.69% return, which is significantly higher than OIGAX's 3.51% return. Over the past 10 years, PRNHX has outperformed OIGAX with an annualized return of 13.63%, while OIGAX has yielded a comparatively lower 5.74% annualized return.
PRNHX
- 1D
- 2.25%
- 1M
- -4.46%
- 6M
- 5.43%
- YTD
- 10.69%
- 1Y
- 20.07%
- 3Y*
- 7.63%
- 5Y*
- -1.40%
- 10Y*
- 13.63%
- ALL TIME*
- 9.94%
OIGAX
- 1D
- 2.95%
- 1M
- -0.75%
- 6M
- 1.45%
- YTD
- 3.51%
- 1Y
- 10.78%
- 3Y*
- 6.46%
- 5Y*
- 0.73%
- 10Y*
- 5.74%
- ALL TIME*
- 7.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PRNHX vs. OIGAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRNHX T. Rowe Price New Horizons Fund | 10.69% | 3.27% | 8.80% | 21.35% | -36.96% | 9.96% | 58.05% | 56.50% | 3.79% | 31.59% |
OIGAX Invesco Oppenheimer International Growth Fund Class A | 3.51% | 15.86% | -1.85% | 20.93% | -27.31% | 10.38% | 22.11% | 28.62% | -19.53% | 26.61% |
Correlation
The correlation between PRNHX and OIGAX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 1996 | 0.63 |
The correlation between PRNHX and OIGAX shifts across timeframes, from 0.63 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PRNHX vs. OIGAX — Risk / Return Rank
PRNHX
OIGAX
PRNHX vs. OIGAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Horizons Fund (PRNHX) and Invesco Oppenheimer International Growth Fund Class A (OIGAX). 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.
| PRNHX | OIGAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.09 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 0.59 | +0.74 |
| Martin ratioReturn relative to average drawdown | 4.65 | 1.89 | +2.76 |
Loading charts...
Drawdowns
PRNHX vs. OIGAX - Drawdown Comparison
The maximum PRNHX drawdown since its inception was -70.96%, which is greater than OIGAX's maximum drawdown of -67.43%. Use the drawdown chart below to compare losses from any high point for PRNHX and OIGAX.
Loading charts...
Drawdown Indicators
| PRNHX | OIGAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.96% | -67.43% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -13.12% | -14.61% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -26.65% | -19.51% | -7.14% |
Max Drawdown (5Y)Largest decline over 5 years | -48.37% | -40.41% | -7.96% |
Max Drawdown (10Y)Largest decline over 10 years | -48.37% | -40.41% | -7.96% |
Current DrawdownCurrent decline from peak | -14.73% | -2.86% | -11.87% |
Average DrawdownAverage peak-to-trough decline | -18.36% | -17.23% | -1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.73% | 4.51% | -0.78% |
Volatility
PRNHX vs. OIGAX - Volatility Comparison
T. Rowe Price New Horizons Fund (PRNHX) and Invesco Oppenheimer International Growth Fund Class A (OIGAX) have volatilities of 5.67% and 5.73%, 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.
Loading charts...
Volatility by Period
| PRNHX | OIGAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.67% | 5.73% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.83% | 15.98% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.50% | 18.42% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.93% | 19.27% | +5.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.96% | 18.40% | +4.56% |
PRNHX vs. OIGAX - Expense Ratio Comparison
PRNHX has a 0.79% expense ratio, which is lower than OIGAX's 1.10% expense ratio.
Dividends
PRNHX vs. OIGAX - Dividend Comparison
PRNHX's dividend yield for the trailing twelve months is around 10.71%, less than OIGAX's 42.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OIGAX Invesco Oppenheimer International Growth Fund Class A | 42.55% | 44.04% | 11.27% | 11.59% | 0.00% | 13.52% | 14.72% | 0.84% | 1.08% | 0.59% | 1.02% | 0.87% |
PRNHX T. Rowe Price New Horizons Fund | 10.71% | 11.85% | 9.82% | 0.00% | 4.72% | 17.09% | 13.67% | 23.46% | 13.94% | 8.27% | 5.77% | 7.72% |
Frequently Asked Questions
PRNHX and OIGAX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OIGAX has higher volatility (5.73%) compared to PRNHX (5.67%). In terms of maximum drawdown, PRNHX dropped -70.96% vs OIGAX's -67.43%.
PRNHX currently has the higher Sharpe Ratio (0.81 vs 0.47), 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.
Find the right allocation for PRNHX and OIGAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer