TRIGX vs. FIVLX

Last updated Jun 5, 2026

TRIGX (T.Rowe Price International Value Equity Fund) and FIVLX (Fidelity International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, TRIGX returned 9.66%/yr vs 9.34%/yr for FIVLX. With a 0.96 correlation, they move nearly in lockstep. TRIGX charges 0.89%/yr vs 1.01%/yr for FIVLX.

Performance

TRIGX vs. FIVLX - Performance Comparison

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

Returns By Period

In the year-to-date period, TRIGX achieves a 10.47% return, which is significantly higher than FIVLX's 6.44% return. Both investments have delivered pretty close results over the past 10 years, with TRIGX having a 9.66% annualized return and FIVLX not far behind at 9.34%.

TRIGX

• 1D: -1.05%
• 1M: 2.82%
• YTD: 10.47%
• 6M: 13.63%
• 1Y: 29.42%
• 3Y*: 23.31%
• 5Y*: 12.68%
• 10Y*: 9.66%

FIVLX

• 1D: -0.60%
• 1M: 1.28%
• YTD: 6.44%
• 6M: 10.05%
• 1Y: 22.58%
• 3Y*: 21.45%
• 5Y*: 12.00%
• 10Y*: 9.34%

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

TRIGX vs. FIVLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIGX T.Rowe Price International Value Equity Fund	10.47%	43.90%	7.85%	19.18%	-8.45%	12.77%	1.63%	20.89%	-18.22%	18.34%
FIVLX Fidelity International Value Fund	6.44%	43.67%	5.33%	19.27%	-7.99%	14.89%	3.36%	18.92%	-17.17%	17.85%

Correlation

The correlation between TRIGX and FIVLX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 22, 2006	0.96

The correlation between TRIGX and FIVLX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

TRIGX vs. FIVLX — Risk / Return Rank

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

TRIGX

TRIGX Risk / Return Rank: 44
TRIGX Sharpe Ratio Rank: 46
TRIGX Sortino Ratio Rank: 44
TRIGX Omega Ratio Rank: 46
TRIGX Calmar Ratio Rank: 42
TRIGX Martin Ratio Rank: 41

FIVLX

FIVLX Risk / Return Rank: 31
FIVLX Sharpe Ratio Rank: 29
FIVLX Sortino Ratio Rank: 28
FIVLX Omega Ratio Rank: 29
FIVLX Calmar Ratio Rank: 34
FIVLX Martin Ratio Rank: 37

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.

TRIGX vs. FIVLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T.Rowe Price International Value Equity Fund (TRIGX) and Fidelity International Value Fund (FIVLX). 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.

	TRIGX	FIVLX	Difference
Sharpe ratio: Return per unit of total volatility	1.99	1.57	+0.43
Sortino ratio: Return per unit of downside risk	2.79	2.23	+0.56
Omega ratio: Gain probability vs. loss probability	1.37	1.28	+0.09
Calmar ratio: Return relative to maximum drawdown	2.45	2.19	+0.25
Martin ratio: Return relative to average drawdown	8.79	8.11	+0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRIGX vs. FIVLX - Sharpe Ratio Comparison

The current TRIGX Sharpe Ratio is 1.99, which is comparable to the FIVLX Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of TRIGX and FIVLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRIGX	FIVLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	1.57	+0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	0.73	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.52	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.22	+0.13

Drawdowns

TRIGX vs. FIVLX - Drawdown Comparison

The maximum TRIGX drawdown since its inception was -62.28%, roughly equal to the maximum FIVLX drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for TRIGX and FIVLX.

Drawdown Indicators

	TRIGX	FIVLX	Difference
Max Drawdown Largest peak-to-trough decline	-62.28%	-65.21%	+2.93%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-10.44%	-1.72%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-14.48%	+0.23%
Max Drawdown (5Y) Largest decline over 5 years	-27.37%	-27.49%	+0.12%
Max Drawdown (10Y) Largest decline over 10 years	-41.94%	-43.43%	+1.49%
Current Drawdown Current decline from peak	-2.05%	-1.96%	-0.09%
Average Drawdown Average peak-to-trough decline	-12.65%	-17.06%	+4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	2.82%	+0.56%

Volatility

TRIGX vs. FIVLX - Volatility Comparison

T.Rowe Price International Value Equity Fund (TRIGX) and Fidelity International Value Fund (FIVLX) have volatilities of 4.79% and 4.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRIGX	FIVLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.79%	4.57%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	11.83%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	14.94%	14.63%	+0.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.91%	16.55%	-0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.03%	17.92%	-0.89%

TRIGX vs. FIVLX - Expense Ratio Comparison

TRIGX has a 0.89% expense ratio, which is lower than FIVLX's 1.01% expense ratio.

Dividends

TRIGX vs. FIVLX - Dividend Comparison

TRIGX's dividend yield for the trailing twelve months is around 2.51%, more than FIVLX's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIVLX Fidelity International Value Fund	2.18%	2.32%	2.90%	2.06%	1.85%	4.35%	1.74%	3.54%	3.33%	0.15%	2.71%	1.44%
TRIGX T.Rowe Price International Value Equity Fund	2.51%	2.78%	2.58%	2.66%	2.98%	2.49%	1.34%	2.82%	2.49%	0.26%	2.65%	2.07%

Frequently Asked Questions

Can I hold both TRIGX and FIVLX in my portfolio?

With a correlation of 0.96, TRIGX and FIVLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, TRIGX or FIVLX?

TRIGX has higher volatility (4.79%) compared to FIVLX (4.57%). In terms of maximum drawdown, TRIGX dropped -62.28% vs FIVLX's -65.21%.

Which has better risk-adjusted returns?

TRIGX currently has the higher Sharpe Ratio (1.99 vs 1.57), 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.