GOPIX vs. ATOIX

Last updated Jun 4, 2026

GOPIX (abrdn China A Share Equity Fund) and ATOIX (abrdn Ultra Short Municipal Income Fund) are both mutual funds - GOPIX is a China Equities fund managed by Aberdeen, while ATOIX is a Municipal Bonds fund managed by Aberdeen. At a 0.03 correlation, their price movements are largely independent. GOPIX charges 0.99%/yr vs 0.44%/yr for ATOIX.

Performance

GOPIX vs. ATOIX - Performance Comparison

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

Returns By Period

GOPIX

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

ATOIX

• 1D: 0.00%
• 1M: 0.20%
• YTD: 1.01%
• 6M: 1.54%
• 1Y: 3.02%
• 3Y*: 3.08%
• 5Y*: 2.30%
• 10Y*: 1.79%

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

GOPIX vs. ATOIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
ATOIX abrdn Ultra Short Municipal Income Fund	1.01%	3.33%	3.14%	3.27%	0.87%	-0.04%	0.88%	1.40%	1.54%	2.24%

Correlation

The correlation between GOPIX and ATOIX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Aug 6, 2012	0.03

Return for Risk

GOPIX vs. ATOIX — Risk / Return Rank

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

ATOIX

ATOIX Risk / Return Rank: 99
ATOIX Sharpe Ratio Rank: 96
ATOIX Sortino Ratio Rank: 100
ATOIX Omega Ratio Rank: 100
ATOIX Calmar Ratio Rank: 100
ATOIX Martin Ratio Rank: 100

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.

GOPIX vs. ATOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn China A Share Equity Fund (GOPIX) and abrdn Ultra Short Municipal Income Fund (ATOIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GOPIX	ATOIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	2.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	2.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	2.47	—

Drawdowns

Drawdown Indicators

	GOPIX	ATOIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.46%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.43%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.06%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	GOPIX	ATOIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.20%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.61%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.87%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.83%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.79%	—

GOPIX vs. ATOIX - Expense Ratio Comparison

GOPIX has a 0.99% expense ratio, which is higher than ATOIX's 0.44% expense ratio.

Dividends

GOPIX vs. ATOIX - Dividend Comparison

GOPIX's dividend yield for the trailing twelve months is around 1.46%, less than ATOIX's 2.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ATOIX abrdn Ultra Short Municipal Income Fund	2.98%	3.27%	3.09%	3.02%	1.07%	0.06%	0.88%	1.39%	1.42%	2.20%	0.61%	0.52%
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 GOPIX and ATOIX in my portfolio?

GOPIX and ATOIX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.