RPGEX vs. FMIEX

Last updated Aug 1, 2026

RPGEX (T. Rowe Price Global Growth Stock Fund) and FMIEX (Wasatch Global Value Fund Investor Class Shares) are both Global Equities funds. Over the past 10 years, RPGEX returned 12.30%/yr vs 11.68%/yr for FMIEX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. RPGEX charges 0.91%/yr vs 1.10%/yr for FMIEX.

Performance

RPGEX vs. FMIEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Global Growth Stock Fund (RPGEX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RPGEX achieves a 9.34% return, which is significantly lower than FMIEX's 18.69% return. Over the past 10 years, RPGEX has outperformed FMIEX with an annualized return of 12.30%, while FMIEX has yielded a comparatively lower 11.68% annualized return.

RPGEX

• 1D: 2.64%
• 1M: -2.05%
• 6M: 6.56%
• YTD: 9.34%
• 1Y: 18.25%
• 3Y*: 14.68%
• 5Y*: 4.13%
• 10Y*: 12.30%
• ALL TIME*: 12.51%

FMIEX

• 1D: 1.25%
• 1M: 4.67%
• 6M: 12.51%
• YTD: 18.69%
• 1Y: 33.34%
• 3Y*: 19.73%
• 5Y*: 13.46%
• 10Y*: 11.68%
• ALL TIME*: 9.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FMIEX Wasatch Global Value Fund Investor Class Shares	$0.00	$0.00	$0.00
RPGEX T. Rowe Price Global Growth Stock Fund	$0.00	$0.00	$0.00

RPGEX vs. FMIEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPGEX T. Rowe Price Global Growth Stock Fund	9.34%	14.57%	18.81%	19.19%	-29.77%	11.05%	44.28%	30.76%	-7.10%	34.26%
FMIEX Wasatch Global Value Fund Investor Class Shares	18.69%	30.93%	8.66%	5.67%	-0.12%	25.11%	2.04%	17.27%	-5.67%	11.21%

Correlation

The correlation between RPGEX and FMIEX is 0.45, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.45
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.58
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	0.76

Over the past year, the correlation between RPGEX and FMIEX has dropped to 0.45 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

RPGEX vs. FMIEX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RPGEX

RPGEX Risk / Return Rank: 32
RPGEX Sharpe Ratio Rank: 30
RPGEX Sortino Ratio Rank: 29
RPGEX Omega Ratio Rank: 29
RPGEX Calmar Ratio Rank: 35
RPGEX Martin Ratio Rank: 38

FMIEX

FMIEX Risk / Return Rank: 97
FMIEX Sharpe Ratio Rank: 99
FMIEX Sortino Ratio Rank: 98
FMIEX Omega Ratio Rank: 95
FMIEX Calmar Ratio Rank: 96
FMIEX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RPGEX vs. FMIEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Growth Stock Fund (RPGEX) and Wasatch Global Value Fund Investor Class Shares (FMIEX). 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.

	RPGEX	FMIEX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	3.35	-2.32
Sortino ratio: Return per unit of downside risk	1.47	4.89	-3.42
Omega ratio: Gain probability vs. loss probability	1.19	1.60	-0.41
Calmar ratio: Return relative to maximum drawdown	1.55	4.54	-2.99
Martin ratio: Return relative to average drawdown	5.79	17.64	-11.84

RPGEX vs. FMIEX - Sharpe Ratio Comparison

The current RPGEX Sharpe Ratio is 1.02, which is lower than the FMIEX Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of RPGEX and FMIEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RPGEX vs. FMIEX - Drawdown Comparison

The maximum RPGEX drawdown since its inception was -39.67%, smaller than the maximum FMIEX drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for RPGEX and FMIEX.

Drawdown Indicators

	RPGEX	FMIEX	Difference
Max Drawdown Largest peak-to-trough decline	-39.67%	-49.85%	+10.18%
Max Drawdown (1Y) Largest decline over 1 year	-10.50%	-7.04%	-3.46%
Max Drawdown (3Y) Largest decline over 3 years	-17.69%	-9.52%	-8.17%
Max Drawdown (5Y) Largest decline over 5 years	-39.67%	-18.63%	-21.04%
Max Drawdown (10Y) Largest decline over 10 years	-39.67%	-39.33%	-0.34%
Current Drawdown Current decline from peak	-3.98%	0.00%	-3.98%
Average Drawdown Average peak-to-trough decline	-7.53%	-6.55%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	1.81%	+0.99%

Volatility

RPGEX vs. FMIEX - Volatility Comparison

T. Rowe Price Global Growth Stock Fund (RPGEX) has a higher volatility of 5.19% compared to Wasatch Global Value Fund Investor Class Shares (FMIEX) at 2.50%. This indicates that RPGEX's price experiences larger fluctuations and is considered to be riskier than FMIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RPGEX	FMIEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	2.50%	+2.69%
Volatility (6M) Calculated over the trailing 6-month period	13.28%	7.54%	+5.74%
Volatility (1Y) Calculated over the trailing 1-year period	15.85%	9.56%	+6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.85%	12.57%	+5.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	15.65%	+2.43%

RPGEX vs. FMIEX - Expense Ratio Comparison

RPGEX has a 0.91% expense ratio, which is lower than FMIEX's 1.10% expense ratio.

Dividends

RPGEX vs. FMIEX - Dividend Comparison

RPGEX's dividend yield for the trailing twelve months is around 10.54%, more than FMIEX's 4.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FMIEX Wasatch Global Value Fund Investor Class Shares	4.83%	5.76%	9.02%	3.27%	8.54%	4.34%	1.74%	3.82%	18.46%	16.45%	5.16%	11.75%
RPGEX T. Rowe Price Global Growth Stock Fund	10.54%	11.52%	0.04%	0.21%	0.07%	8.84%	3.18%	0.23%	1.67%	0.82%	0.21%	4.95%

Frequently Asked Questions

Can I hold both RPGEX and FMIEX in my portfolio?

RPGEX and FMIEX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RPGEX or FMIEX?

RPGEX has higher volatility (5.19%) compared to FMIEX (2.50%). In terms of maximum drawdown, RPGEX dropped -39.67% vs FMIEX's -49.85%.

Which has better risk-adjusted returns?

FMIEX currently has the higher Sharpe Ratio (3.35 vs 1.02), 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.