FAX vs. GOPIX

Last updated Jun 4, 2026

FAX (abrdn Asia-Pacific Income Fund Inc) and GOPIX (abrdn China A Share Equity Fund) are both mutual funds - FAX is a Emerging Markets Bonds fund managed by Aberdeen, while GOPIX is a China Equities fund managed by Aberdeen. At a 0.22 correlation, their price movements are largely independent. FAX charges 3.33%/yr vs 0.99%/yr for GOPIX.

Performance

FAX vs. GOPIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Asia-Pacific Income Fund Inc (FAX) and abrdn China A Share Equity Fund (GOPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FAX

• 1D: -1.57%
• 1M: -2.13%
• YTD: -0.83%
• 6M: 0.63%
• 1Y: 4.31%
• 3Y*: 9.41%
• 5Y*: -0.03%
• 10Y*: 2.90%

GOPIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FAX vs. GOPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAX abrdn Asia-Pacific Income Fund Inc	-0.83%	18.23%	2.31%	16.53%	-22.83%	-7.20%	14.08%	19.48%	-12.72%	14.65%
GOPIX abrdn China A Share Equity Fund	0.00%	25.89%	5.70%	-24.96%	-22.46%	-3.67%	56.93%	31.74%	-11.87%	35.06%

Correlation

The correlation between FAX and GOPIX is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.22

The correlation between FAX and GOPIX shifts across timeframes, from 0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FAX vs. GOPIX — Risk / Return Rank

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

FAX

FAX Risk / Return Rank: 5
FAX Sharpe Ratio Rank: 5
FAX Sortino Ratio Rank: 4
FAX Omega Ratio Rank: 5
FAX Calmar Ratio Rank: 5
FAX Martin Ratio Rank: 4

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.

FAX vs. GOPIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Asia-Pacific Income Fund Inc (FAX) and abrdn China A Share Equity Fund (GOPIX). 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.

	FAX	GOPIX	Difference
Sharpe ratio Return per unit of total volatility	0.35	—	—
Sortino ratio Return per unit of downside risk	0.56	—	—
Omega ratio Gain probability vs. loss probability	1.07	—	—
Calmar ratio Return relative to maximum drawdown	0.39	—	—
Martin ratio Return relative to average drawdown	0.88	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FAX	GOPIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	—	—

Drawdowns

Drawdown Indicators

	FAX	GOPIX	Difference
Max Drawdown Largest peak-to-trough decline	-63.96%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-11.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.49%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.57%	—	—
Current Drawdown Current decline from peak	-7.99%	—	—
Average Drawdown Average peak-to-trough decline	-17.85%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.88%	—	—

Volatility

Volatility by Period

	FAX	GOPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.94%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.51%	—	—

FAX vs. GOPIX - Expense Ratio Comparison

FAX has a 3.33% expense ratio, which is higher than GOPIX's 0.99% expense ratio.

Dividends

FAX vs. GOPIX - Dividend Comparison

FAX's dividend yield for the trailing twelve months is around 13.74%, more than GOPIX's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FAX abrdn Asia-Pacific Income Fund Inc	13.74%	12.91%	13.45%	12.18%	12.55%	8.64%	7.42%	8.29%	10.85%	8.61%	9.07%	9.19%
GOPIX abrdn China A Share Equity Fund	1.46%	1.46%	1.29%	0.79%	0.00%	5.22%	1.42%	4.45%	0.41%	1.24%	1.40%	2.03%

Frequently Asked Questions

Can I hold both FAX and GOPIX in my portfolio?

FAX and GOPIX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.