MASGX vs. PRASX
MASGX (Matthews Asia ESG Fund) and PRASX (T. Rowe Price New Asia Fund) are both Asia Pacific Equities funds. Over the past 10 years, MASGX returned 13.74%/yr vs 10.37%/yr for PRASX. Their correlation of 0.84 suggests significant overlap in exposure. MASGX charges 1.24%/yr vs 0.99%/yr for PRASX.
Performance
MASGX vs. PRASX - Performance Comparison
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Returns By Period
In the year-to-date period, MASGX achieves a 54.22% return, which is significantly higher than PRASX's 32.48% return. Over the past 10 years, MASGX has outperformed PRASX with an annualized return of 13.74%, while PRASX has yielded a comparatively lower 10.37% annualized return.
MASGX
- 1D
- 2.35%
- 1M
- 11.37%
- YTD
- 54.22%
- 6M
- 55.12%
- 1Y
- 76.70%
- 3Y*
- 22.99%
- 5Y*
- 9.85%
- 10Y*
- 13.74%
PRASX
- 1D
- 0.76%
- 1M
- 9.54%
- YTD
- 32.48%
- 6M
- 34.20%
- 1Y
- 57.12%
- 3Y*
- 21.34%
- 5Y*
- 4.94%
- 10Y*
- 10.37%
MASGX vs. PRASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MASGX Matthews Asia ESG Fund | 54.22% | 22.83% | -2.51% | 7.99% | -14.37% | 5.33% | 42.90% | 12.56% | -9.70% | 33.75% |
PRASX T. Rowe Price New Asia Fund | 32.48% | 26.60% | 6.97% | 0.83% | -22.60% | -4.33% | 29.56% | 26.75% | -15.13% | 40.64% |
Correlation
The correlation between MASGX and PRASX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.84 |
The correlation between MASGX and PRASX has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
MASGX vs. PRASX — Risk / Return Rank
MASGX
PRASX
MASGX vs. PRASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia ESG Fund (MASGX) and T. Rowe Price New Asia Fund (PRASX). 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.
| MASGX | PRASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.50 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.96 | +1.68 |
| Martin ratioReturn relative to average drawdown | 20.01 | 14.70 | +5.31 |
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Drawdowns
MASGX vs. PRASX - Drawdown Comparison
The maximum MASGX drawdown since its inception was -36.34%, smaller than the maximum PRASX drawdown of -70.53%. Use the drawdown chart below to compare losses from any high point for MASGX and PRASX.
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Drawdown Indicators
| MASGX | PRASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.34% | -70.53% | +34.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -14.39% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.94% | -18.34% | -6.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.34% | -41.56% | +5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -36.34% | -45.07% | +8.73% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -11.19% | -18.50% | +7.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 3.87% | +0.09% |
Volatility
MASGX vs. PRASX - Volatility Comparison
Matthews Asia ESG Fund (MASGX) and T. Rowe Price New Asia Fund (PRASX) have volatilities of 12.46% and 11.93%, 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.
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Volatility by Period
| MASGX | PRASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.46% | 11.93% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 22.07% | 19.50% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.62% | 21.91% | +2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 19.61% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 18.59% | +0.44% |
MASGX vs. PRASX - Expense Ratio Comparison
MASGX has a 1.24% expense ratio, which is higher than PRASX's 0.99% expense ratio.
Dividends
MASGX vs. PRASX - Dividend Comparison
MASGX's dividend yield for the trailing twelve months is around 3.62%, more than PRASX's 0.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MASGX Matthews Asia ESG Fund | 3.62% | 5.58% | 2.58% | 7.52% | 5.39% | 2.60% | 5.66% | 1.36% | 4.52% | 3.70% | 1.47% | 0.00% |
PRASX T. Rowe Price New Asia Fund | 0.47% | 0.62% | 1.05% | 1.77% | 1.96% | 14.22% | 0.46% | 0.77% | 7.23% | 9.15% | 0.46% | 1.31% |
Frequently Asked Questions
MASGX and PRASX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MASGX has higher volatility (12.46%) compared to PRASX (11.93%). In terms of maximum drawdown, MASGX dropped -36.34% vs PRASX's -70.53%.
MASGX currently has the higher Sharpe Ratio (3.26 vs 2.61), 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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