RPICX vs. KGIIX

Last updated Jun 4, 2026

RPICX (T. Rowe Price Institutional International Disciplined Equity Fund) and KGIIX (Kopernik International Fund) are both Foreign Large Cap Equities funds. A 0.52 correlation means they provide meaningful diversification when combined. RPICX charges 0.75%/yr vs 1.04%/yr for KGIIX.

Performance

RPICX vs. KGIIX - 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 Kopernik International Fund (KGIIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RPICX

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

KGIIX

• 1D: 0.16%
• 1M: -0.47%
• YTD: 9.82%
• 6M: 12.86%
• 1Y: 37.40%
• 3Y*: 18.92%
• 5Y*: 8.81%
• 10Y*: 10.15%

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

RPICX vs. KGIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RPICX T. Rowe Price Institutional International Disciplined Equity Fund	0.00%	0.00%	8.78%	17.23%	-10.26%	5.14%	4.57%	23.46%	-10.41%	21.67%
KGIIX Kopernik International Fund	9.82%	54.97%	-7.01%	13.86%	-14.05%	16.62%	18.94%	16.37%	-6.24%	10.50%

Correlation

The correlation between RPICX and KGIIX is 0.52, 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	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.52

The correlation between RPICX and KGIIX shifts across timeframes, from 0.23 (3 years) to 0.53 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

RPICX vs. KGIIX — Risk / Return Rank

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

KGIIX

KGIIX Risk / Return Rank: 81
KGIIX Sharpe Ratio Rank: 88
KGIIX Sortino Ratio Rank: 77
KGIIX Omega Ratio Rank: 80
KGIIX Calmar Ratio Rank: 87
KGIIX Martin Ratio Rank: 72

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. KGIIX - 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 Kopernik International Fund (KGIIX). 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	KGIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.91	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.67	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.81	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.93	—

Drawdowns

Drawdown Indicators

	RPICX	KGIIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-27.81%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-27.81%	—
Current Drawdown Current decline from peak	—	-4.26%	—
Average Drawdown Average peak-to-trough decline	—	-6.11%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.74%	—

Volatility

Volatility by Period

	RPICX	KGIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	12.97%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.21%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	12.64%	—

RPICX vs. KGIIX - Expense Ratio Comparison

RPICX has a 0.75% expense ratio, which is lower than KGIIX's 1.04% expense ratio.

Dividends

RPICX vs. KGIIX - Dividend Comparison

RPICX has not paid dividends to shareholders, while KGIIX's dividend yield for the trailing twelve months is around 12.99%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KGIIX Kopernik International Fund	12.99%	14.26%	0.48%	12.56%	2.46%	5.77%	2.89%	2.50%	1.19%	1.35%	0.33%	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 KGIIX in my portfolio?

RPICX and KGIIX have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.