TRTIX vs. PRWAX
TRTIX (T. Rowe Price International Value Equity Fund Class I) and PRWAX (T. Rowe Price All-Cap Opportunities Fund) are both mutual funds - TRTIX is a Foreign Large Cap Equities fund actively managed by T. Rowe Price, while PRWAX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Both are actively managed. Over the past 10 years, TRTIX returned 10.37%/yr vs 16.77%/yr for PRWAX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. TRTIX charges 0.68%/yr vs 0.76%/yr for PRWAX.
Performance
TRTIX vs. PRWAX - Performance Comparison
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Returns By Period
In the year-to-date period, TRTIX achieves a 16.57% return, which is significantly higher than PRWAX's -1.10% return. Over the past 10 years, TRTIX has underperformed PRWAX with an annualized return of 10.37%, while PRWAX has yielded a comparatively higher 16.77% annualized return.
TRTIX
- 1D
- 2.73%
- 1M
- 3.71%
- 6M
- 8.89%
- YTD
- 16.57%
- 1Y
- 34.06%
- 3Y*
- 23.12%
- 5Y*
- 15.20%
- 10Y*
- 10.37%
- ALL TIME*
- 9.33%
PRWAX
- 1D
- 1.76%
- 1M
- -1.38%
- 6M
- -0.18%
- YTD
- -1.10%
- 1Y
- 7.57%
- 3Y*
- 14.80%
- 5Y*
- 8.53%
- 10Y*
- 16.77%
- ALL TIME*
- 11.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
TRTIX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRTIX T. Rowe Price International Value Equity Fund Class I | 16.57% | 44.14% | 8.02% | 19.44% | -8.27% | 12.93% | 1.92% | 20.77% | -18.06% | 18.29% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -1.10% | 16.37% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Correlation
The correlation between TRTIX and PRWAX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2015 | 0.70 |
The correlation between TRTIX and PRWAX has been stable across timeframes, ranging from 0.64 to 0.70 - a consistent structural relationship.
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Return for Risk
TRTIX vs. PRWAX — Risk / Return Rank
TRTIX
PRWAX
TRTIX vs. PRWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price International Value Equity Fund Class I (TRTIX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
| TRTIX | PRWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.08 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 0.40 | +2.32 |
| Martin ratioReturn relative to average drawdown | 9.71 | 1.36 | +8.34 |
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Drawdowns
TRTIX vs. PRWAX - Drawdown Comparison
The maximum TRTIX drawdown since its inception was -41.90%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for TRTIX and PRWAX.
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Drawdown Indicators
| TRTIX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.90% | -55.06% | +13.16% |
Max Drawdown (1Y)Largest decline over 1 year | -12.13% | -14.09% | +1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -14.20% | -19.06% | +4.86% |
Max Drawdown (5Y)Largest decline over 5 years | -27.26% | -29.38% | +2.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.90% | -30.50% | -11.40% |
Current DrawdownCurrent decline from peak | 0.00% | -3.04% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -7.24% | -9.87% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 4.13% | -0.73% |
Volatility
TRTIX vs. PRWAX - Volatility Comparison
T. Rowe Price International Value Equity Fund Class I (TRTIX) has a higher volatility of 4.68% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 4.17%. This indicates that TRTIX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRTIX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 4.17% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 13.48% | 11.97% | +1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.56% | 14.62% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 17.78% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.76% | 18.74% | -1.98% |
TRTIX vs. PRWAX - Expense Ratio Comparison
TRTIX has a 0.68% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Dividends
TRTIX vs. PRWAX - Dividend Comparison
TRTIX's dividend yield for the trailing twelve months is around 2.52%, less than PRWAX's 8.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRWAX T. Rowe Price All-Cap Opportunities Fund | 8.44% | 8.35% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
TRTIX T. Rowe Price International Value Equity Fund Class I | 2.52% | 2.93% | 2.87% | 3.02% | 3.28% | 2.70% | 2.05% | 2.68% | 2.74% | 0.27% | 3.13% | 2.06% |
Frequently Asked Questions
TRTIX and PRWAX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRTIX has higher volatility (4.68%) compared to PRWAX (4.17%). In terms of maximum drawdown, TRTIX dropped -41.90% vs PRWAX's -55.06%.
TRTIX currently has the higher Sharpe Ratio (2.13 vs 0.39), 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.
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