- ISIN
- US77956H5000
- CUSIP
- 77956H500
- Issuer
- T. Rowe Price
- Inception Date
- Sep 27, 1990
- Category
- Asia Pacific Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
PRASX Performance Chart
T. Rowe Price New Asia Fund (PRASX) is up 32.5% since the beginning of the year. PRASX is currently trading at $28 per share. Investors who bought $1,000 worth of PRASX shares 5 years ago would now be looking at an investment worth $1,273.
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Returns By Period
T. Rowe Price New Asia Fund (PRASX) has returned 32.48% so far this year and 57.12% over the past 12 months. Over the last ten years, PRASX has returned 10.37% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
T. Rowe Price New Asia Fund
- 1D
- 0.76%
- 1M
- 9.54%
- YTD
- 32.48%
- 6M
- 34.20%
- 1Y
- 57.12%
- 3Y*
- 21.34%
- 5Y*
- 4.94%
- 10Y*
- 10.37%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
PRASX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1991, PRASX's average daily return is +0.04%, while the average monthly return is +0.94%. At this rate, an investment would double in approximately 6.2 years.
Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +28.3%, while the worst month was Oct 2008 at -26.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PRASX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +10.0%, while the worst single day was Sep 17, 2001 at -12.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.27% | 5.94% | -11.26% | 14.50% | 9.88% | 5.40% | 32.48% | ||||||
| 2025 | 0.18% | 1.79% | -0.29% | -0.88% | 3.97% | 5.02% | 1.90% | 3.09% | 6.10% | 3.21% | -2.78% | 2.88% | 26.60% |
| 2024 | -6.01% | 5.72% | 1.40% | 0.19% | 1.82% | 4.43% | 0.06% | 0.77% | 5.90% | -4.25% | -1.73% | -0.81% | 6.97% |
| 2023 | 10.90% | -7.00% | 2.98% | -3.60% | -3.00% | 2.84% | 4.11% | -7.07% | -3.68% | -3.29% | 6.26% | 3.09% | 0.83% |
| 2022 | -1.76% | -4.94% | -7.23% | -6.75% | 2.18% | -1.15% | -1.11% | -2.06% | -12.03% | -5.75% | 20.39% | -1.89% | -22.60% |
| 2021 | 4.10% | 1.45% | -0.72% | 1.25% | 0.52% | -0.52% | -7.12% | 2.14% | -3.40% | 1.55% | -4.11% | 0.97% | -4.33% |
Benchmark Metrics
T. Rowe Price New Asia Fund has an annualized alpha of 4.73%, beta of 0.58, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since January 02, 1991.
- Beta of 0.58 may look defensive, but with R2 of 0.28 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.28 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.73%
- Beta
- 0.58
- R²
- 0.28
- Upside Capture
- 100.08%
- Downside Capture
- 100.43%
Expense Ratio
PRASX has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
PRASX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price New Asia Fund (PRASX) and compare them to S&P 500 Index.
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.
| PRASX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.32 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.96 | 2.46 | +1.51 |
| Martin ratioReturn relative to average drawdown | 14.70 | 10.92 | +3.78 |
Dividends
Dividend History
T. Rowe Price New Asia Fund provided a 0.47% dividend yield over the last twelve months, with an annual payout of $0.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.13 | $0.13 | $0.18 | $0.28 | $0.31 | $2.99 | $0.12 | $0.15 | $1.12 | $1.79 | $0.07 | $0.20 |
Dividend yield | 0.47% | 0.62% | 1.05% | 1.77% | 1.96% | 14.22% | 0.46% | 0.77% | 7.23% | 9.15% | 0.46% | 1.31% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price New Asia Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.99 | $2.99 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price New Asia Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price New Asia Fund was 70.53%, occurring on Nov 20, 2008. Recovery took 1121 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -70.53%Nov 2008 | 1y 20d | 4y 5mo | 5y 6moNov 2007 - May 2013 |
1998 bear market1998 | -59.96%Sep 1998 | 4y 8mo | 1y 3mo | 5y 11moJan 1994 - Dec 1999 |
Dot-com crash2000–2002 | -59.77%Sep 2001 | 1y 5mo | 3y 9mo | 5y 3moMar 2000 - Jul 2005 |
Bear market2022 | -45.07%Oct 2022 | 1y 8mo | 3y 4mo | 5y 4dFeb 2021 - Feb 2026 |
COVID crash2020 | -28.14%Mar 2020 | 2mo 9d | 3mo 15d | 5mo 24dJan 2020 - Jul 2020 |
Drawdown Indicators
| PRASX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.53% | -56.78% | -13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -14.39% | -9.10% | -5.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -18.90% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -41.56% | -25.43% | -16.13% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | -33.92% | -11.15% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -18.50% | -10.71% | -7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.87% | 2.04% | +1.83% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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