TRIGX vs. THOIX

Last updated Jun 26, 2026

TRIGX (T.Rowe Price International Value Equity Fund) and THOIX (Thornburg Global Opportunities Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, TRIGX returned 10.34%/yr vs 13.85%/yr for THOIX. Their correlation of 0.82 suggests significant overlap in exposure. TRIGX charges 0.89%/yr vs 0.99%/yr for THOIX.

Performance

TRIGX vs. THOIX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with TRIGX having a 9.97% return and THOIX slightly lower at 9.82%. Over the past 10 years, TRIGX has underperformed THOIX with an annualized return of 10.34%, while THOIX has yielded a comparatively higher 13.85% annualized return.

TRIGX

• 1D: 0.08%
• 1M: -1.25%
• YTD: 9.97%
• 6M: 10.11%
• 1Y: 27.72%
• 3Y*: 22.91%
• 5Y*: 13.03%
• 10Y*: 10.34%

THOIX

• 1D: 0.44%
• 1M: -2.40%
• YTD: 9.82%
• 6M: 10.03%
• 1Y: 32.13%
• 3Y*: 24.28%
• 5Y*: 13.11%
• 10Y*: 13.85%

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

TRIGX vs. THOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TRIGX T.Rowe Price International Value Equity Fund	9.97%	43.90%	7.85%	19.18%	-8.45%	12.77%	1.63%	20.89%	-18.22%	18.34%
THOIX Thornburg Global Opportunities Fund	9.82%	41.04%	13.08%	16.26%	-10.12%	14.72%	22.50%	28.74%	-20.72%	22.03%

Correlation

The correlation between TRIGX and THOIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.82

The correlation between TRIGX and THOIX shifts across timeframes, from 0.65 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

Return for Risk

TRIGX vs. THOIX — Risk / Return Rank

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

TRIGX

TRIGX Risk / Return Rank: 50
TRIGX Sharpe Ratio Rank: 54
TRIGX Sortino Ratio Rank: 53
TRIGX Omega Ratio Rank: 54
TRIGX Calmar Ratio Rank: 45
TRIGX Martin Ratio Rank: 44

THOIX

THOIX Risk / Return Rank: 89
THOIX Sharpe Ratio Rank: 94
THOIX Sortino Ratio Rank: 87
THOIX Omega Ratio Rank: 87
THOIX Calmar Ratio Rank: 87
THOIX Martin Ratio Rank: 90

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. THOIX - Risk-Adjusted Trends Comparison

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

	TRIGX	THOIX	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.80	-1.00
Sortino ratio: Return per unit of downside risk	2.54	3.67	-1.13
Omega ratio: Gain probability vs. loss probability	1.33	1.53	-0.20
Calmar ratio: Return relative to maximum drawdown	2.27	3.75	-1.49
Martin ratio: Return relative to average drawdown	8.05	15.35	-7.30

TRIGX vs. THOIX - Sharpe Ratio Comparison

The current TRIGX Sharpe Ratio is 1.80, which is lower than the THOIX Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of TRIGX and THOIX, 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

TRIGX vs. THOIX - Drawdown Comparison

The maximum TRIGX drawdown since its inception was -62.28%, roughly equal to the maximum THOIX drawdown of -64.58%. Use the drawdown chart below to compare losses from any high point for TRIGX and THOIX.

Drawdown Indicators

	TRIGX	THOIX	Difference
Max Drawdown Largest peak-to-trough decline	-62.28%	-64.58%	+2.30%
Max Drawdown (1Y) Largest decline over 1 year	-12.16%	-8.62%	-3.54%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	-13.71%	-0.54%
Max Drawdown (5Y) Largest decline over 5 years	-27.37%	-30.18%	+2.81%
Max Drawdown (10Y) Largest decline over 10 years	-41.94%	-35.22%	-6.72%
Current Drawdown Current decline from peak	-2.50%	-4.27%	+1.77%
Average Drawdown Average peak-to-trough decline	-12.63%	-11.44%	-1.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	2.10%	+1.32%

Volatility

TRIGX vs. THOIX - Volatility Comparison

T.Rowe Price International Value Equity Fund (TRIGX) and Thornburg Global Opportunities Fund (THOIX) have volatilities of 4.80% and 4.61%, 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	THOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	4.61%	+0.19%
Volatility (6M) Calculated over the trailing 6-month period	13.11%	9.31%	+3.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	11.67%	+3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.97%	16.49%	-0.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	17.43%	-0.64%

TRIGX vs. THOIX - Expense Ratio Comparison

TRIGX has a 0.89% expense ratio, which is lower than THOIX's 0.99% expense ratio.

Dividends

TRIGX vs. THOIX - Dividend Comparison

TRIGX's dividend yield for the trailing twelve months is around 2.53%, less than THOIX's 5.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
THOIX Thornburg Global Opportunities Fund	5.85%	6.42%	5.70%	5.70%	4.00%	14.39%	6.70%	1.47%	2.65%	0.67%	0.82%	0.59%
TRIGX T.Rowe Price International Value Equity Fund	2.53%	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 THOIX in my portfolio?

TRIGX and THOIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRIGX or THOIX?

TRIGX has higher volatility (4.80%) compared to THOIX (4.61%). In terms of maximum drawdown, TRIGX dropped -62.28% vs THOIX's -64.58%.

Which has better risk-adjusted returns?

THOIX currently has the higher Sharpe Ratio (2.80 vs 1.80), 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.