TBHDX vs. PRGSX

Last updated Jun 25, 2026

TBHDX (Tweedy, Browne Worldwide High Dividend Yield Value Fund) and PRGSX (T. Rowe Price Global Stock Fund) are both Global Equities funds. Over the past 10 years, TBHDX returned 6.43%/yr vs 17.24%/yr for PRGSX. A 0.67 correlation means they provide meaningful diversification when combined. TBHDX charges 1.38%/yr vs 0.82%/yr for PRGSX.

Performance

TBHDX vs. PRGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) and T. Rowe Price Global Stock Fund (PRGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TBHDX achieves a 3.47% return, which is significantly lower than PRGSX's 19.72% return. Over the past 10 years, TBHDX has underperformed PRGSX with an annualized return of 6.43%, while PRGSX has yielded a comparatively higher 17.24% annualized return.

TBHDX

• 1D: -0.48%
• 1M: -0.79%
• YTD: 3.47%
• 6M: 3.29%
• 1Y: 8.71%
• 3Y*: 10.79%
• 5Y*: 4.95%
• 10Y*: 6.43%

PRGSX

• 1D: -3.87%
• 1M: 2.25%
• YTD: 19.72%
• 6M: 19.00%
• 1Y: 36.22%
• 3Y*: 22.99%
• 5Y*: 8.85%
• 10Y*: 17.24%

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

TBHDX vs. PRGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TBHDX Tweedy, Browne Worldwide High Dividend Yield Value Fund	3.47%	21.81%	0.20%	12.36%	-12.11%	11.65%	-4.40%	18.60%	-5.83%	17.26%
PRGSX T. Rowe Price Global Stock Fund	19.72%	21.42%	16.80%	25.70%	-28.01%	9.81%	52.29%	35.84%	-4.51%	32.64%

Correlation

The correlation between TBHDX and PRGSX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007	0.67

Over the past year, the correlation between TBHDX and PRGSX has dropped to 0.42 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

Return for Risk

TBHDX vs. PRGSX — Risk / Return Rank

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

TBHDX

TBHDX Risk / Return Rank: 13
TBHDX Sharpe Ratio Rank: 14
TBHDX Sortino Ratio Rank: 14
TBHDX Omega Ratio Rank: 14
TBHDX Calmar Ratio Rank: 11
TBHDX Martin Ratio Rank: 10

PRGSX

PRGSX Risk / Return Rank: 56
PRGSX Sharpe Ratio Rank: 52
PRGSX Sortino Ratio Rank: 43
PRGSX Omega Ratio Rank: 49
PRGSX Calmar Ratio Rank: 70
PRGSX Martin Ratio Rank: 66

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.

TBHDX vs. PRGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) and T. Rowe Price Global Stock Fund (PRGSX). 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.

	TBHDX	PRGSX	Difference
Sharpe ratio: Return per unit of total volatility	0.85	1.95	-1.10
Sortino ratio: Return per unit of downside risk	1.31	2.53	-1.22
Omega ratio: Gain probability vs. loss probability	1.16	1.35	-0.19
Calmar ratio: Return relative to maximum drawdown	0.83	3.04	-2.21
Martin ratio: Return relative to average drawdown	2.43	12.01	-9.58

TBHDX vs. PRGSX - Sharpe Ratio Comparison

The current TBHDX Sharpe Ratio is 0.85, which is lower than the PRGSX Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of TBHDX and PRGSX, 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

TBHDX vs. PRGSX - Drawdown Comparison

The maximum TBHDX drawdown since its inception was -47.42%, smaller than the maximum PRGSX drawdown of -64.06%. Use the drawdown chart below to compare losses from any high point for TBHDX and PRGSX.

Drawdown Indicators

	TBHDX	PRGSX	Difference
Max Drawdown Largest peak-to-trough decline	-47.42%	-64.06%	+16.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.07%	-12.77%	+0.70%
Max Drawdown (3Y) Largest decline over 3 years	-12.37%	-21.13%	+8.76%
Max Drawdown (5Y) Largest decline over 5 years	-26.94%	-38.11%	+11.17%
Max Drawdown (10Y) Largest decline over 10 years	-33.57%	-38.11%	+4.54%
Current Drawdown Current decline from peak	-5.43%	-3.87%	-1.56%
Average Drawdown Average peak-to-trough decline	-8.44%	-13.46%	+5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	3.23%	+0.88%

Volatility

TBHDX vs. PRGSX - Volatility Comparison

The current volatility for Tweedy, Browne Worldwide High Dividend Yield Value Fund (TBHDX) is 3.06%, while T. Rowe Price Global Stock Fund (PRGSX) has a volatility of 9.79%. This indicates that TBHDX experiences smaller price fluctuations and is considered to be less risky than PRGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TBHDX	PRGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.06%	9.79%	-6.73%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	17.12%	-7.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.77%	19.96%	-8.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	20.06%	-7.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.74%	19.88%	-6.14%

TBHDX vs. PRGSX - Expense Ratio Comparison

TBHDX has a 1.38% expense ratio, which is higher than PRGSX's 0.82% expense ratio.

Dividends

TBHDX vs. PRGSX - Dividend Comparison

TBHDX's dividend yield for the trailing twelve months is around 8.07%, which matches PRGSX's 8.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRGSX T. Rowe Price Global Stock Fund	8.02%	9.60%	6.73%	0.27%	0.00%	13.67%	5.67%	2.21%	5.81%	0.03%	0.63%	0.33%
TBHDX Tweedy, Browne Worldwide High Dividend Yield Value Fund	8.07%	8.35%	6.54%	3.73%	9.81%	23.53%	8.39%	11.76%	22.82%	0.94%	4.35%	12.96%

Frequently Asked Questions

Can I hold both TBHDX and PRGSX in my portfolio?

TBHDX and PRGSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TBHDX or PRGSX?

PRGSX has higher volatility (9.79%) compared to TBHDX (3.06%). In terms of maximum drawdown, TBHDX dropped -47.42% vs PRGSX's -64.06%.

Which has better risk-adjusted returns?

PRGSX currently has the higher Sharpe Ratio (1.95 vs 0.85), 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.