TROSX vs. QISCX

Last updated Aug 1, 2026

TROSX (T. Rowe Price Overseas Stock Fund) and QISCX (Federated Hermes MDT Small Cap Core Fund) are both mutual funds - TROSX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while QISCX is a Small Cap Blend Equities fund managed by Federated. Over the past 10 years, TROSX returned 9.55%/yr vs 12.06%/yr for QISCX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. TROSX charges 0.77%/yr vs 0.89%/yr for QISCX.

Performance

TROSX vs. QISCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Overseas Stock Fund (TROSX) and Federated Hermes MDT Small Cap Core Fund (QISCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TROSX achieves a 11.98% return, which is significantly lower than QISCX's 17.93% return. Over the past 10 years, TROSX has underperformed QISCX with an annualized return of 9.55%, while QISCX has yielded a comparatively higher 12.06% annualized return.

TROSX

• 1D: 2.66%
• 1M: 1.34%
• 6M: 6.46%
• YTD: 11.98%
• 1Y: 27.09%
• 3Y*: 15.71%
• 5Y*: 8.96%
• 10Y*: 9.55%
• ALL TIME*: 5.34%

QISCX

• 1D: 1.35%
• 1M: -1.89%
• 6M: 12.04%
• YTD: 17.93%
• 1Y: 35.00%
• 3Y*: 18.27%
• 5Y*: 9.87%
• 10Y*: 12.06%
• ALL TIME*: 8.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QISCX Federated Hermes MDT Small Cap Core Fund	$0.00	$0.00	$0.00
TROSX T. Rowe Price Overseas Stock Fund	$0.00	$0.00	$0.00

TROSX vs. QISCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TROSX T. Rowe Price Overseas Stock Fund	11.98%	31.78%	2.91%	16.34%	-15.42%	12.24%	9.24%	22.91%	-15.08%	27.05%
QISCX Federated Hermes MDT Small Cap Core Fund	17.93%	14.95%	14.82%	20.58%	-23.14%	30.60%	17.00%	18.06%	-11.63%	15.67%

Correlation

The correlation between TROSX and QISCX is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (3Y) Balances recent behavior with more history.	0.46
Correlation (5Y) Shows whether the relationship held over a longer period.	0.60
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Jan 3, 2007	0.69

Over the past year, the correlation between TROSX and QISCX has dropped to 0.35 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

TROSX vs. QISCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

TROSX

TROSX Risk / Return Rank: 66
TROSX Sharpe Ratio Rank: 69
TROSX Sortino Ratio Rank: 68
TROSX Omega Ratio Rank: 66
TROSX Calmar Ratio Rank: 64
TROSX Martin Ratio Rank: 61

QISCX

QISCX Risk / Return Rank: 67
QISCX Sharpe Ratio Rank: 62
QISCX Sortino Ratio Rank: 67
QISCX Omega Ratio Rank: 73
QISCX Calmar Ratio Rank: 75
QISCX Martin Ratio Rank: 56

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

TROSX vs. QISCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Overseas Stock Fund (TROSX) and Federated Hermes MDT Small Cap Core Fund (QISCX). 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.

	TROSX	QISCX	Difference
Sharpe ratio: Return per unit of total volatility	1.59	1.56	+0.03
Sortino ratio: Return per unit of downside risk	2.26	2.35	-0.08
Omega ratio: Gain probability vs. loss probability	1.29	1.33	-0.04
Calmar ratio: Return relative to maximum drawdown	2.08	2.48	-0.40
Martin ratio: Return relative to average drawdown	7.70	7.62	+0.08

TROSX vs. QISCX - Sharpe Ratio Comparison

The current TROSX Sharpe Ratio is 1.59, which is comparable to the QISCX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of TROSX and QISCX, 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

TROSX vs. QISCX - Drawdown Comparison

The maximum TROSX drawdown since its inception was -60.62%, smaller than the maximum QISCX drawdown of -68.05%. Use the drawdown chart below to compare losses from any high point for TROSX and QISCX.

Drawdown Indicators

	TROSX	QISCX	Difference
Max Drawdown Largest peak-to-trough decline	-60.62%	-68.05%	+7.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-13.48%	+1.06%
Max Drawdown (3Y) Largest decline over 3 years	-14.02%	-26.51%	+12.49%
Max Drawdown (5Y) Largest decline over 5 years	-29.45%	-32.89%	+3.44%
Max Drawdown (10Y) Largest decline over 10 years	-36.34%	-49.02%	+12.68%
Current Drawdown Current decline from peak	0.00%	-3.11%	+3.11%
Average Drawdown Average peak-to-trough decline	-12.37%	-15.56%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.35%	4.37%	-1.02%

Volatility

TROSX vs. QISCX - Volatility Comparison

T. Rowe Price Overseas Stock Fund (TROSX) has a higher volatility of 4.64% compared to Federated Hermes MDT Small Cap Core Fund (QISCX) at 3.87%. This indicates that TROSX's price experiences larger fluctuations and is considered to be riskier than QISCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TROSX	QISCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.87%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	13.44%	+0.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	21.41%	-5.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.27%	23.20%	-6.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.70%	24.10%	-7.40%

TROSX vs. QISCX - Expense Ratio Comparison

TROSX has a 0.77% expense ratio, which is lower than QISCX's 0.89% expense ratio.

Dividends

TROSX vs. QISCX - Dividend Comparison

TROSX's dividend yield for the trailing twelve months is around 1.83%, less than QISCX's 6.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QISCX Federated Hermes MDT Small Cap Core Fund	6.76%	7.97%	0.35%	0.31%	3.77%	15.41%	0.44%	0.36%	3.81%	4.49%	0.85%	12.05%
TROSX T. Rowe Price Overseas Stock Fund	1.83%	2.05%	2.38%	2.28%	2.38%	1.88%	1.41%	2.14%	3.33%	1.86%	1.98%	2.11%

Frequently Asked Questions

Can I hold both TROSX and QISCX in my portfolio?

TROSX and QISCX have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TROSX or QISCX?

TROSX has higher volatility (4.64%) compared to QISCX (3.87%). In terms of maximum drawdown, TROSX dropped -60.62% vs QISCX's -68.05%.

Which has better risk-adjusted returns?

TROSX currently has the higher Sharpe Ratio (1.59 vs 1.56), 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.