CHILX vs. TRCLX

Last updated Jun 4, 2026

CHILX (BlackRock China A Opportunities Fund) and TRCLX (T. Rowe Price China Evolution Equity Fund) are both China Equities funds. Over the past 5 years, CHILX returned 0.83%/yr vs 3.00%/yr for TRCLX. Their correlation of 0.81 suggests significant overlap in exposure. CHILX charges 0.99%/yr vs 1.04%/yr for TRCLX.

Performance

CHILX vs. TRCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock China A Opportunities Fund (CHILX) and T. Rowe Price China Evolution Equity Fund (TRCLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHILX achieves a 13.72% return, which is significantly lower than TRCLX's 31.10% return.

CHILX

• 1D: 1.52%
• 1M: 3.38%
• YTD: 13.72%
• 6M: 18.41%
• 1Y: 41.88%
• 3Y*: 13.49%
• 5Y*: 0.83%
• 10Y*: —

TRCLX

• 1D: 1.70%
• 1M: 4.39%
• YTD: 31.10%
• 6M: 34.03%
• 1Y: 67.48%
• 3Y*: 21.74%
• 5Y*: 3.00%
• 10Y*: —

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

CHILX vs. TRCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
CHILX BlackRock China A Opportunities Fund	13.72%	26.30%	15.44%	-12.29%	-28.54%	3.54%	48.69%	6.58%
TRCLX T. Rowe Price China Evolution Equity Fund	31.10%	36.23%	10.95%	-15.51%	-26.24%	6.28%	59.73%	6.20%

Correlation

The correlation between CHILX and TRCLX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019	0.81

The correlation between CHILX and TRCLX has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

Return for Risk

CHILX vs. TRCLX — Risk / Return Rank

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

CHILX

CHILX Risk / Return Rank: 78
CHILX Sharpe Ratio Rank: 80
CHILX Sortino Ratio Rank: 69
CHILX Omega Ratio Rank: 65
CHILX Calmar Ratio Rank: 92
CHILX Martin Ratio Rank: 85

TRCLX

TRCLX Risk / Return Rank: 94
TRCLX Sharpe Ratio Rank: 98
TRCLX Sortino Ratio Rank: 93
TRCLX Omega Ratio Rank: 89
TRCLX Calmar Ratio Rank: 97
TRCLX Martin Ratio Rank: 96

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.

CHILX vs. TRCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock China A Opportunities Fund (CHILX) and T. Rowe Price China Evolution Equity Fund (TRCLX). 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.

	CHILX	TRCLX	Difference
Sharpe ratio: Return per unit of total volatility	2.61	3.80	-1.19
Sortino ratio: Return per unit of downside risk	3.47	4.63	-1.16
Omega ratio: Gain probability vs. loss probability	1.45	1.63	-0.18
Calmar ratio: Return relative to maximum drawdown	5.04	6.61	-1.56
Martin ratio: Return relative to average drawdown	16.20	23.69	-7.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHILX vs. TRCLX - Sharpe Ratio Comparison

The current CHILX Sharpe Ratio is 2.61, which is lower than the TRCLX Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of CHILX and TRCLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHILX	TRCLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	3.80	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.13	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.57	0.00

Drawdowns

CHILX vs. TRCLX - Drawdown Comparison

The maximum CHILX drawdown since its inception was -47.73%, smaller than the maximum TRCLX drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for CHILX and TRCLX.

Drawdown Indicators

	CHILX	TRCLX	Difference
Max Drawdown Largest peak-to-trough decline	-47.73%	-50.67%	+2.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.54%	-10.47%	+1.93%
Max Drawdown (3Y) Largest decline over 3 years	-22.59%	-25.49%	+2.90%
Max Drawdown (5Y) Largest decline over 5 years	-43.88%	-49.44%	+5.56%
Current Drawdown Current decline from peak	-4.86%	-1.38%	-3.48%
Average Drawdown Average peak-to-trough decline	-20.47%	-22.76%	+2.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	2.91%	-0.26%

Volatility

CHILX vs. TRCLX - Volatility Comparison

The current volatility for BlackRock China A Opportunities Fund (CHILX) is 6.06%, while T. Rowe Price China Evolution Equity Fund (TRCLX) has a volatility of 7.37%. This indicates that CHILX experiences smaller price fluctuations and is considered to be less risky than TRCLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHILX	TRCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.06%	7.37%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	13.90%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	18.21%	-1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.28%	23.20%	-2.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.84%	23.42%	-1.58%

CHILX vs. TRCLX - Expense Ratio Comparison

CHILX has a 0.99% expense ratio, which is lower than TRCLX's 1.04% expense ratio.

Dividends

CHILX vs. TRCLX - Dividend Comparison

CHILX's dividend yield for the trailing twelve months is around 2.58%, more than TRCLX's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CHILX BlackRock China A Opportunities Fund	2.58%	2.94%	2.11%	2.02%	0.92%	1.19%	3.64%	12.77%
TRCLX T. Rowe Price China Evolution Equity Fund	1.25%	1.64%	1.78%	2.56%	2.76%	8.23%	1.50%	0.01%

Frequently Asked Questions

Can I hold both CHILX and TRCLX in my portfolio?

CHILX and TRCLX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHILX or TRCLX?

TRCLX has higher volatility (7.37%) compared to CHILX (6.06%). In terms of maximum drawdown, CHILX dropped -47.73% vs TRCLX's -50.67%.

Which has better risk-adjusted returns?

TRCLX currently has the higher Sharpe Ratio (3.80 vs 2.61), 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.