RPICX vs. SMVTX

Last updated Jun 4, 2026

RPICX (T. Rowe Price Institutional International Disciplined Equity Fund) and SMVTX (Virtus Ceredex Mid-Cap Value Equity Fund) are both mutual funds - RPICX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while SMVTX is a Mid Cap Value Equities fund managed by Virtus. A 0.69 correlation means they provide meaningful diversification when combined. RPICX charges 0.75%/yr vs 0.99%/yr for SMVTX.

Performance

RPICX vs. SMVTX - 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 Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RPICX

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

SMVTX

• 1D: 1.80%
• 1M: 2.73%
• YTD: 21.54%
• 6M: 20.83%
• 1Y: 43.86%
• 3Y*: 23.93%
• 5Y*: 11.97%
• 10Y*: 12.21%

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

RPICX vs. SMVTX - 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%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	21.54%	17.58%	18.93%	10.94%	-13.89%	29.15%	-1.19%	33.14%	-8.01%	11.69%

Correlation

The correlation between RPICX and SMVTX is 0.69, 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	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jan 4, 2011	0.69

The correlation between RPICX and SMVTX shifts across timeframes, from 0.39 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RPICX vs. SMVTX — Risk / Return Rank

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

SMVTX

SMVTX Risk / Return Rank: 89
SMVTX Sharpe Ratio Rank: 90
SMVTX Sortino Ratio Rank: 85
SMVTX Omega Ratio Rank: 79
SMVTX Calmar Ratio Rank: 96
SMVTX Martin Ratio Rank: 96

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. SMVTX - 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 Virtus Ceredex Mid-Cap Value Equity Fund (SMVTX). 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	SMVTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.99	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.49	—

Drawdowns

Drawdown Indicators

	RPICX	SMVTX	Difference
Max Drawdown Largest peak-to-trough decline	—	-54.72%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.17%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.45%	—
Current Drawdown Current decline from peak	—	-0.20%	—
Average Drawdown Average peak-to-trough decline	—	-8.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.94%	—

Volatility

Volatility by Period

	RPICX	SMVTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.30%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.45%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.64%	—

RPICX vs. SMVTX - Expense Ratio Comparison

RPICX has a 0.75% expense ratio, which is lower than SMVTX's 0.99% expense ratio.

Dividends

RPICX vs. SMVTX - Dividend Comparison

RPICX has not paid dividends to shareholders, while SMVTX's dividend yield for the trailing twelve months is around 13.52%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SMVTX Virtus Ceredex Mid-Cap Value Equity Fund	13.52%	16.44%	15.96%	1.16%	6.75%	18.53%	2.52%	5.82%	14.47%	20.86%	3.61%	7.05%

Frequently Asked Questions

Can I hold both RPICX and SMVTX in my portfolio?

RPICX and SMVTX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.