RPICX vs. FSOSX

Last updated Jun 4, 2026

RPICX (T. Rowe Price Institutional International Disciplined Equity Fund) and FSOSX (Fidelity Series Overseas Fund) are both Foreign Large Cap Equities funds. A 0.77 correlation means they provide meaningful diversification when combined. RPICX charges 0.75%/yr vs 0.01%/yr for FSOSX.

Performance

RPICX vs. FSOSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Institutional International Disciplined Equity Fund (RPICX) and Fidelity Series Overseas Fund (FSOSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RPICX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FSOSX

• 1D: 0.96%
• 1M: 3.89%
• YTD: 5.63%
• 6M: 7.55%
• 1Y: 8.98%
• 3Y*: 13.16%
• 5Y*: 6.73%
• 10Y*: —

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

RPICX vs. FSOSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
RPICX T. Rowe Price Institutional International Disciplined Equity Fund	0.00%	0.00%	8.78%	17.23%	-10.26%	5.14%	4.57%	10.66%
FSOSX Fidelity Series Overseas Fund	5.63%	21.29%	5.87%	21.49%	-23.25%	19.59%	16.36%	7.78%

Correlation

The correlation between RPICX and FSOSX is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jul 1, 2019	0.77

The correlation between RPICX and FSOSX shifts across timeframes, from 0.50 (3 years) to 0.77 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RPICX vs. FSOSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSOSX

FSOSX Risk / Return Rank: 7
FSOSX Sharpe Ratio Rank: 6
FSOSX Sortino Ratio Rank: 6
FSOSX Omega Ratio Rank: 6
FSOSX Calmar Ratio Rank: 7
FSOSX Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RPICX vs. FSOSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Institutional International Disciplined Equity Fund (RPICX) and Fidelity Series Overseas Fund (FSOSX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RPICX	FSOSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.51	—

Drawdowns

Drawdown Indicators

	RPICX	FSOSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.36%	—
Current Drawdown Current decline from peak	—	-1.31%	—
Average Drawdown Average peak-to-trough decline	—	-7.78%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.46%	—

Volatility

Volatility by Period

	RPICX	FSOSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.67%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.05%	—

RPICX vs. FSOSX - Expense Ratio Comparison

RPICX has a 0.75% expense ratio, which is higher than FSOSX's 0.01% expense ratio.

Dividends

RPICX vs. FSOSX - Dividend Comparison

RPICX has not paid dividends to shareholders, while FSOSX's dividend yield for the trailing twelve months is around 8.66%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSOSX Fidelity Series Overseas Fund	8.66%	9.15%	2.25%	1.63%	1.80%	2.92%	1.12%	0.37%	0.00%	0.00%	0.00%	0.00%
RPICX T. Rowe Price Institutional International Disciplined Equity Fund	0.00%	0.00%	3.48%	2.79%	0.84%	3.15%	2.70%	3.61%	19.04%	6.08%	1.68%	2.37%

Frequently Asked Questions

Can I hold both RPICX and FSOSX in my portfolio?

RPICX and FSOSX 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.