PSILX vs. MLI
PSILX (T. Rowe Price Spectrum International Equity Fund) is Foreign Large Cap Equities fund managed by T. Rowe Price, while MLI (Mueller Industries, Inc.) is a stock. Over the past 10 years, PSILX returned 8.88%/yr vs 26.81%/yr for MLI. At a 0.49 correlation, their price movements are largely independent.
Performance
PSILX vs. MLI - Performance Comparison
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Returns By Period
In the year-to-date period, PSILX achieves a 12.26% return, which is significantly lower than MLI's 20.69% return. Over the past 10 years, PSILX has underperformed MLI with an annualized return of 8.88%, while MLI has yielded a comparatively higher 26.81% annualized return.
PSILX
- 1D
- 0.46%
- 1M
- 3.76%
- YTD
- 12.26%
- 6M
- 14.02%
- 1Y
- 27.05%
- 3Y*
- 16.34%
- 5Y*
- 6.27%
- 10Y*
- 8.88%
MLI
- 1D
- -0.25%
- 1M
- 1.23%
- YTD
- 20.69%
- 6M
- 20.88%
- 1Y
- 87.45%
- 3Y*
- 52.10%
- 5Y*
- 45.38%
- 10Y*
- 26.81%
PSILX vs. MLI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSILX T. Rowe Price Spectrum International Equity Fund | 12.26% | 30.30% | 4.28% | 13.83% | -18.04% | 5.00% | 13.94% | 25.00% | -14.83% | 26.79% |
MLI Mueller Industries, Inc. | 20.69% | 46.29% | 70.51% | 62.38% | 1.05% | 70.95% | 12.30% | 37.79% | -33.10% | -2.76% |
Correlation
The correlation between PSILX and MLI is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 1997 | 0.49 |
The correlation between PSILX and MLI has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
PSILX vs. MLI — Risk / Return Rank
PSILX
MLI
PSILX vs. MLI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Spectrum International Equity Fund (PSILX) and Mueller Industries, Inc. (MLI). 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.
| PSILX | MLI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.50 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 3.94 | -1.90 |
| Martin ratioReturn relative to average drawdown | 7.72 | 10.92 | -3.21 |
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Drawdowns
PSILX vs. MLI - Drawdown Comparison
The maximum PSILX drawdown since its inception was -61.38%, roughly equal to the maximum MLI drawdown of -61.72%. Use the drawdown chart below to compare losses from any high point for PSILX and MLI.
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Drawdown Indicators
| PSILX | MLI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.38% | -61.72% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -12.72% | -22.33% | +9.61% |
Max Drawdown (3Y)Largest decline over 3 years | -13.70% | -27.79% | +14.09% |
Max Drawdown (5Y)Largest decline over 5 years | -33.13% | -27.79% | -5.34% |
Max Drawdown (10Y)Largest decline over 10 years | -33.33% | -52.95% | +19.62% |
Current DrawdownCurrent decline from peak | -1.66% | -1.93% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -14.05% | -16.04% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 8.03% | -4.71% |
Volatility
PSILX vs. MLI - Volatility Comparison
The current volatility for T. Rowe Price Spectrum International Equity Fund (PSILX) is 6.70%, while Mueller Industries, Inc. (MLI) has a volatility of 10.51%. This indicates that PSILX experiences smaller price fluctuations and is considered to be less risky than MLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSILX | MLI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 10.51% | -3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 14.03% | 25.79% | -11.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.33% | 30.06% | -13.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 33.07% | -17.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 35.79% | -19.51% |
Dividends
PSILX vs. MLI - Dividend Comparison
PSILX's dividend yield for the trailing twelve months is around 4.83%, more than MLI's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLI Mueller Industries, Inc. | 0.87% | 0.87% | 1.01% | 1.27% | 1.69% | 0.88% | 1.14% | 1.26% | 1.71% | 9.60% | 0.94% | 1.11% |
PSILX T. Rowe Price Spectrum International Equity Fund | 4.83% | 5.42% | 2.04% | 1.88% | 6.67% | 3.49% | 0.88% | 3.49% | 6.69% | 0.58% | 0.17% | 0.08% |
Frequently Asked Questions
PSILX and MLI have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLI has higher volatility (10.51%) compared to PSILX (6.70%). In terms of maximum drawdown, PSILX dropped -61.38% vs MLI's -61.72%.
MLI currently has the higher Sharpe Ratio (2.93 vs 1.59), 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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