ETGIX vs. PAAOX
ETGIX (Eaton Vance Greater India Fund) and PAAOX (T. Rowe Price Asia Opportunities Fund) are both mutual funds - ETGIX is a India Equities fund managed by Eaton Vance, while PAAOX is a Asia Pacific Equities fund managed by T. Rowe Price. Over the past 10 years, ETGIX returned 6.92%/yr vs 8.34%/yr for PAAOX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. ETGIX charges 1.57%/yr vs 1.25%/yr for PAAOX.
Performance
ETGIX vs. PAAOX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETGIX achieves a -6.22% return, which is significantly lower than PAAOX's 7.13% return. Over the past 10 years, ETGIX has underperformed PAAOX with an annualized return of 6.92%, while PAAOX has yielded a comparatively higher 8.34% annualized return.
ETGIX
- 1D
- 1.77%
- 1M
- 3.61%
- 6M
- -3.98%
- YTD
- -6.22%
- 1Y
- -5.46%
- 3Y*
- 6.44%
- 5Y*
- 2.23%
- 10Y*
- 6.92%
- ALL TIME*
- 6.30%
PAAOX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.34%
- YTD
- 7.13%
- 1Y
- 21.55%
- 3Y*
- 13.57%
- 5Y*
- 2.73%
- 10Y*
- 8.34%
- ALL TIME*
- 7.63%
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 |
ETGIX vs. PAAOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -6.22% | -2.06% | 17.55% | 20.60% | -19.86% | 25.74% | 17.64% | 10.52% | -12.14% | 44.79% |
PAAOX T. Rowe Price Asia Opportunities Fund | 7.13% | 27.78% | 11.30% | -1.00% | -19.33% | -5.50% | 26.57% | 24.86% | -11.26% | 43.07% |
Correlation
The correlation between ETGIX and PAAOX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.41 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since May 23, 2014 | 0.51 |
Over the past year, the correlation between ETGIX and PAAOX has dropped to 0.30 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETGIX vs. PAAOX — Risk / Return Rank
ETGIX
PAAOX
ETGIX vs. PAAOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater India Fund (ETGIX) and T. Rowe Price Asia Opportunities Fund (PAAOX). 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.
| ETGIX | PAAOX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.81 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.34 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.72 | -1.99 |
| Martin ratioReturn relative to average drawdown | -0.56 | 5.12 | -5.69 |
Loading charts...
Drawdowns
ETGIX vs. PAAOX - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -73.62%, which is greater than PAAOX's maximum drawdown of -43.02%. Use the drawdown chart below to compare losses from any high point for ETGIX and PAAOX.
Loading charts...
Drawdown Indicators
| ETGIX | PAAOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -43.02% | -30.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.38% | -13.70% | -6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -18.78% | -8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -38.08% | +8.24% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -43.02% | +0.31% |
Current DrawdownCurrent decline from peak | -16.83% | -5.51% | -11.32% |
Average DrawdownAverage peak-to-trough decline | -26.83% | -13.02% | -13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.57% | 4.59% | +4.98% |
Volatility
ETGIX vs. PAAOX - Volatility Comparison
Eaton Vance Greater India Fund (ETGIX) has a higher volatility of 4.95% compared to T. Rowe Price Asia Opportunities Fund (PAAOX) at 0.00%. This indicates that ETGIX's price experiences larger fluctuations and is considered to be riskier than PAAOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETGIX | PAAOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 0.00% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.57% | 12.60% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 16.41% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.26% | 17.93% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 17.56% | +0.11% |
ETGIX vs. PAAOX - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than PAAOX's 1.25% expense ratio.
Dividends
ETGIX vs. PAAOX - Dividend Comparison
ETGIX's dividend yield for the trailing twelve months is around 15.43%, more than PAAOX's 3.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | 15.43% | 14.47% | 4.07% | 4.85% | 21.62% | 8.60% | 0.24% | 2.79% | 1.17% | 3.32% | 0.56% | 0.79% |
PAAOX T. Rowe Price Asia Opportunities Fund | 3.21% | 0.64% | 0.00% | 1.55% | 1.51% | 7.43% | 1.33% | 0.62% | 0.61% | 0.13% | 2.12% | 0.89% |
Frequently Asked Questions
ETGIX and PAAOX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETGIX has higher volatility (4.95%) compared to PAAOX (0.00%). In terms of maximum drawdown, ETGIX dropped -73.62% vs PAAOX's -43.02%.
PAAOX currently has the higher Sharpe Ratio (1.44 vs -0.37), 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.
Find the right allocation for ETGIX and PAAOX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer