MAPTX vs. PRIDX
MAPTX (Matthews Pacific Tiger Fund) and PRIDX (T. Rowe Price International Discovery Fund) are both mutual funds - MAPTX is a Asia Pacific Equities fund managed by Matthews, while PRIDX is a Foreign Small & Mid Cap Equities fund managed by T. Rowe Price. Over the past 10 years, MAPTX returned 7.13%/yr vs 9.05%/yr for PRIDX. A 0.66 correlation means they provide meaningful diversification when combined. MAPTX charges 1.09%/yr vs 1.23%/yr for PRIDX.
Performance
MAPTX vs. PRIDX - Performance Comparison
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Returns By Period
In the year-to-date period, MAPTX achieves a 37.37% return, which is significantly higher than PRIDX's 8.96% return. Over the past 10 years, MAPTX has underperformed PRIDX with an annualized return of 7.13%, while PRIDX has yielded a comparatively higher 9.05% annualized return.
MAPTX
- 1D
- 3.91%
- 1M
- 8.21%
- YTD
- 37.37%
- 6M
- 40.05%
- 1Y
- 67.41%
- 3Y*
- 19.56%
- 5Y*
- 1.92%
- 10Y*
- 7.13%
PRIDX
- 1D
- 0.69%
- 1M
- 0.83%
- YTD
- 8.96%
- 6M
- 9.63%
- 1Y
- 23.08%
- 3Y*
- 13.77%
- 5Y*
- 2.08%
- 10Y*
- 9.05%
MAPTX vs. PRIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAPTX Matthews Pacific Tiger Fund | 37.37% | 30.07% | 3.25% | -4.82% | -20.69% | -17.92% | 28.88% | 10.75% | -11.05% | 39.94% |
PRIDX T. Rowe Price International Discovery Fund | 8.96% | 25.53% | 3.65% | 13.19% | -30.34% | 7.31% | 38.78% | 25.01% | -17.54% | 38.56% |
Correlation
The correlation between MAPTX and PRIDX is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 1994 | 0.66 |
The correlation between MAPTX and PRIDX has been stable across timeframes, ranging from 0.66 to 0.73 - a consistent structural relationship.
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Return for Risk
MAPTX vs. PRIDX — Risk / Return Rank
MAPTX
PRIDX
MAPTX vs. PRIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Fund (MAPTX) and T. Rowe Price International Discovery Fund (PRIDX). 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.
| MAPTX | PRIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 1.28 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 4.94 | 1.66 | +3.28 |
| Martin ratioReturn relative to average drawdown | 17.93 | 6.07 | +11.86 |
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Drawdowns
MAPTX vs. PRIDX - Drawdown Comparison
The maximum MAPTX drawdown since its inception was -69.79%, which is greater than PRIDX's maximum drawdown of -65.01%. Use the drawdown chart below to compare losses from any high point for MAPTX and PRIDX.
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Drawdown Indicators
| MAPTX | PRIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.79% | -65.01% | -4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -13.50% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.23% | -15.86% | -6.37% |
Max Drawdown (5Y)Largest decline over 5 years | -48.55% | -43.86% | -4.69% |
Max Drawdown (10Y)Largest decline over 10 years | -52.31% | -43.86% | -8.45% |
Current DrawdownCurrent decline from peak | -0.22% | -1.24% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -17.42% | -16.34% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 3.68% | +0.13% |
Volatility
MAPTX vs. PRIDX - Volatility Comparison
Matthews Pacific Tiger Fund (MAPTX) has a higher volatility of 12.71% compared to T. Rowe Price International Discovery Fund (PRIDX) at 5.30%. This indicates that MAPTX's price experiences larger fluctuations and is considered to be riskier than PRIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAPTX | PRIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.71% | 5.30% | +7.41% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 12.54% | +7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.28% | 14.77% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.58% | 16.82% | +3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.52% | 16.67% | +1.85% |
MAPTX vs. PRIDX - Expense Ratio Comparison
MAPTX has a 1.09% expense ratio, which is lower than PRIDX's 1.23% expense ratio.
Dividends
MAPTX vs. PRIDX - Dividend Comparison
MAPTX's dividend yield for the trailing twelve months is around 1.69%, less than PRIDX's 4.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAPTX Matthews Pacific Tiger Fund | 1.69% | 2.33% | 8.93% | 2.93% | 8.52% | 4.85% | 5.74% | 3.44% | 4.78% | 1.25% | 2.61% | 11.18% |
PRIDX T. Rowe Price International Discovery Fund | 4.48% | 4.88% | 4.03% | 2.05% | 3.18% | 15.35% | 4.30% | 1.48% | 6.20% | 3.11% | 1.81% | 5.00% |
Frequently Asked Questions
MAPTX and PRIDX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAPTX has higher volatility (12.71%) compared to PRIDX (5.30%). In terms of maximum drawdown, MAPTX dropped -69.79% vs PRIDX's -65.01%.
MAPTX currently has the higher Sharpe Ratio (3.11 vs 1.52), 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.
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