PRWAX vs. DODFX
PRWAX (T. Rowe Price All-Cap Opportunities Fund) and DODFX (Dodge & Cox International Stock Fund) are both mutual funds - PRWAX is a Large Cap Growth Equities fund actively managed by T. Rowe Price, while DODFX is a Foreign Large Cap Equities fund managed by Dodge & Cox. Over the past 10 years, PRWAX returned 17.31%/yr vs 11.25%/yr for DODFX. A 0.69 correlation means they provide meaningful diversification when combined. PRWAX charges 0.76%/yr vs 0.62%/yr for DODFX.
Performance
PRWAX vs. DODFX - Performance Comparison
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Returns By Period
In the year-to-date period, PRWAX achieves a -1.73% return, which is significantly lower than DODFX's 11.48% return. Over the past 10 years, PRWAX has outperformed DODFX with an annualized return of 17.31%, while DODFX has yielded a comparatively lower 11.25% annualized return.
PRWAX
- 1D
- 2.24%
- 1M
- -1.02%
- YTD
- -1.73%
- 6M
- -1.68%
- 1Y
- 9.99%
- 3Y*
- 17.24%
- 5Y*
- 9.37%
- 10Y*
- 17.31%
DODFX
- 1D
- 2.97%
- 1M
- 2.00%
- YTD
- 11.48%
- 6M
- 13.39%
- 1Y
- 27.03%
- 3Y*
- 19.81%
- 5Y*
- 10.83%
- 10Y*
- 11.25%
PRWAX vs. DODFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.73% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
DODFX Dodge & Cox International Stock Fund | 11.48% | 38.77% | 3.74% | 16.70% | -6.78% | 10.99% | 5.15% | 22.79% | -18.01% | 23.95% |
Correlation
The correlation between PRWAX and DODFX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2001 | 0.69 |
The correlation between PRWAX and DODFX has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
PRWAX vs. DODFX — Risk / Return Rank
PRWAX
DODFX
PRWAX vs. DODFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price All-Cap Opportunities Fund (PRWAX) and Dodge & Cox International Stock Fund (DODFX). 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.
| PRWAX | DODFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.60 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.49 | -1.75 |
| Martin ratioReturn relative to average drawdown | 2.54 | 9.40 | -6.86 |
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Drawdowns
PRWAX vs. DODFX - Drawdown Comparison
The maximum PRWAX drawdown since its inception was -55.06%, smaller than the maximum DODFX drawdown of -63.23%. Use the drawdown chart below to compare losses from any high point for PRWAX and DODFX.
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Drawdown Indicators
| PRWAX | DODFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.06% | -63.23% | +8.17% |
Max Drawdown (1Y)Largest decline over 1 year | -14.09% | -11.14% | -2.95% |
Max Drawdown (3Y)Largest decline over 3 years | -19.06% | -14.41% | -4.65% |
Max Drawdown (5Y)Largest decline over 5 years | -29.38% | -24.52% | -4.86% |
Max Drawdown (10Y)Largest decline over 10 years | -30.50% | -44.61% | +14.11% |
Current DrawdownCurrent decline from peak | -3.66% | -1.13% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -9.89% | -11.65% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.05% | 2.94% | +1.11% |
Volatility
PRWAX vs. DODFX - Volatility Comparison
The current volatility for T. Rowe Price All-Cap Opportunities Fund (PRWAX) is 5.15%, while Dodge & Cox International Stock Fund (DODFX) has a volatility of 5.81%. This indicates that PRWAX experiences smaller price fluctuations and is considered to be less risky than DODFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRWAX | DODFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 5.81% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.37% | 11.91% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.90% | 13.89% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.70% | 16.03% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 18.23% | +0.53% |
PRWAX vs. DODFX - Expense Ratio Comparison
PRWAX has a 0.76% expense ratio, which is higher than DODFX's 0.62% expense ratio.
Dividends
PRWAX vs. DODFX - Dividend Comparison
PRWAX's dividend yield for the trailing twelve months is around 8.50%, more than DODFX's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DODFX Dodge & Cox International Stock Fund | 4.53% | 5.05% | 2.25% | 2.29% | 2.23% | 2.49% | 4.21% | 3.93% | 2.93% | 1.93% | 3.66% | 2.30% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.50% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Frequently Asked Questions
PRWAX and DODFX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DODFX has higher volatility (5.81%) compared to PRWAX (5.15%). In terms of maximum drawdown, PRWAX dropped -55.06% vs DODFX's -63.23%.
DODFX currently has the higher Sharpe Ratio (1.99 vs 0.74), 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.
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