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T. Rowe Price Asia Opportunities Fund (PAAOX) Diversifiers

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The fund will normally invest at least 80% of its net assets (including any borrowings for investment purposes) in stocks issued by companies that are located in, or that have economic ties to, Asia (excluding Japan). It may purchase stocks issued by companies of any size, but typically focuses its investments on large- and mid-cap stocks.

Looking to diversify beyond PAAOX? The mutual funds below have the lowest correlation with PAAOX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PAAOX.

Best Diversifiers for PAAOX

0 mutual funds have low correlation with PAAOX (below 0.3), 0 of which are negatively correlated. The least correlated is T. Rowe Price Capital Appreciation Fund (PRWCX) (Diversified Portfolio) with a 1Y correlation of 0.47, roughly unchanged from 0.55 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
PRWCX
T. Rowe Price Capital Appreciation Fund0.470.520.55
51
Diversified PortfolioPAAOX vs PRWCX
PRCOX
T. Rowe Price U.S. Equity Research Fund0.550.610.60
71
Large Cap Blend EquitiesPAAOX vs PRCOX
PRSCX
T. Rowe Price Science And Technology Fund0.560.610.67
90
Technology EquitiesPAAOX vs PRSCX
PREIX
T. Rowe Price Equity Index 500 Fund0.570.620.60
73
Large Cap Blend EquitiesPAAOX vs PREIX
VPKIX
Vanguard Pacific Stock Index Fund Institutional Sh...0.660.680.70
85
Asia Pacific EquitiesPAAOX vs VPKIX
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