LNGZX vs. TRCLX

Last updated Jun 5, 2026

LNGZX (Columbia Greater China Fund) and TRCLX (T. Rowe Price China Evolution Equity Fund) are both China Equities funds. Over the past 5 years, LNGZX returned -10.55%/yr vs 2.76%/yr for TRCLX. Their correlation of 0.82 suggests significant overlap in exposure. LNGZX charges 1.25%/yr vs 1.04%/yr for TRCLX.

Performance

LNGZX vs. TRCLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Greater China Fund (LNGZX) 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, LNGZX achieves a -4.70% return, which is significantly lower than TRCLX's 30.60% return.

LNGZX

• 1D: -2.20%
• 1M: -3.83%
• YTD: -4.70%
• 6M: -6.15%
• 1Y: 6.33%
• 3Y*: 7.48%
• 5Y*: -10.55%
• 10Y*: 4.14%

TRCLX

• 1D: -0.38%
• 1M: 3.88%
• YTD: 30.60%
• 6M: 33.53%
• 1Y: 64.23%
• 3Y*: 21.59%
• 5Y*: 2.76%
• 10Y*: —

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

LNGZX vs. TRCLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LNGZX Columbia Greater China Fund	-4.70%	27.49%	12.29%	-18.70%	-28.42%	-25.21%	46.04%	6.82%
TRCLX T. Rowe Price China Evolution Equity Fund	30.60%	36.23%	10.95%	-15.51%	-26.24%	6.28%	59.73%	6.20%

Correlation

The correlation between LNGZX and TRCLX is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Dec 11, 2019	0.82

The correlation between LNGZX and TRCLX shifts across timeframes, from 0.68 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

LNGZX vs. TRCLX — Risk / Return Rank

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

LNGZX

LNGZX Risk / Return Rank: 6
LNGZX Sharpe Ratio Rank: 6
LNGZX Sortino Ratio Rank: 6
LNGZX Omega Ratio Rank: 6
LNGZX Calmar Ratio Rank: 6
LNGZX Martin Ratio Rank: 5

TRCLX

TRCLX Risk / Return Rank: 93
TRCLX Sharpe Ratio Rank: 97
TRCLX Sortino Ratio Rank: 91
TRCLX Omega Ratio Rank: 87
TRCLX Calmar Ratio Rank: 96
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.

LNGZX vs. TRCLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Greater China Fund (LNGZX) 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.

	LNGZX	TRCLX	Difference
Sharpe ratio: Return per unit of total volatility	0.38	3.69	-3.31
Sortino ratio: Return per unit of downside risk	0.68	4.53	-3.85
Omega ratio: Gain probability vs. loss probability	1.08	1.61	-0.53
Calmar ratio: Return relative to maximum drawdown	0.42	6.42	-5.99
Martin ratio: Return relative to average drawdown	0.92	22.99	-22.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LNGZX vs. TRCLX - Sharpe Ratio Comparison

The current LNGZX Sharpe Ratio is 0.38, which is lower than the TRCLX Sharpe Ratio of 3.69. The chart below compares the historical Sharpe Ratios of LNGZX 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

	LNGZX	TRCLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	3.69	-3.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.35	0.12	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.56	-0.29

Drawdowns

LNGZX vs. TRCLX - Drawdown Comparison

The maximum LNGZX drawdown since its inception was -73.37%, which is greater than TRCLX's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for LNGZX and TRCLX.

Drawdown Indicators

	LNGZX	TRCLX	Difference
Max Drawdown Largest peak-to-trough decline	-73.37%	-50.67%	-22.70%
Max Drawdown (1Y) Largest decline over 1 year	-18.49%	-10.47%	-8.02%
Max Drawdown (3Y) Largest decline over 3 years	-26.71%	-25.49%	-1.22%
Max Drawdown (5Y) Largest decline over 5 years	-63.73%	-49.44%	-14.29%
Max Drawdown (10Y) Largest decline over 10 years	-67.94%	—	—
Current Drawdown Current decline from peak	-50.30%	-1.75%	-48.55%
Average Drawdown Average peak-to-trough decline	-26.53%	-22.75%	-3.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.54%	2.92%	+5.62%

Volatility

LNGZX vs. TRCLX - Volatility Comparison

Columbia Greater China Fund (LNGZX) and T. Rowe Price China Evolution Equity Fund (TRCLX) have volatilities of 7.32% and 7.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LNGZX	TRCLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.32%	7.39%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	15.13%	13.84%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	20.72%	18.22%	+2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.95%	23.19%	+6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.54%	23.41%	+3.13%

LNGZX vs. TRCLX - Expense Ratio Comparison

LNGZX has a 1.25% expense ratio, which is higher than TRCLX's 1.04% expense ratio.

Dividends

LNGZX vs. TRCLX - Dividend Comparison

LNGZX's dividend yield for the trailing twelve months is around 1.97%, more than TRCLX's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LNGZX Columbia Greater China Fund	1.97%	1.88%	1.21%	0.67%	0.00%	0.00%	4.29%	1.40%	5.85%	1.20%	0.00%	4.54%
TRCLX T. Rowe Price China Evolution Equity Fund	1.25%	1.64%	1.78%	2.56%	2.76%	8.23%	1.50%	0.01%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LNGZX and TRCLX in my portfolio?

LNGZX and TRCLX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LNGZX or TRCLX?

TRCLX has higher volatility (7.39%) compared to LNGZX (7.32%). In terms of maximum drawdown, LNGZX dropped -73.37% vs TRCLX's -50.67%.

Which has better risk-adjusted returns?

TRCLX currently has the higher Sharpe Ratio (3.69 vs 0.38), 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.