MGSEX vs. PRASX

Last updated Apr 1, 2026

Compare and contrast key facts about AMG Veritas Asia Pacific Fund (MGSEX) and T. Rowe Price New Asia Fund (PRASX).

MGSEX is managed by AMG. It was launched on May 31, 1984. PRASX is managed by T. Rowe Price. It was launched on Sep 27, 1990.

Performance

MGSEX vs. PRASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AMG Veritas Asia Pacific Fund (MGSEX) and T. Rowe Price New Asia Fund (PRASX). The values are adjusted to include any dividend payments, if applicable.

MGSEX vs. PRASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGSEX AMG Veritas Asia Pacific Fund	5.27%	41.56%	7.23%	-4.82%	-27.91%	0.83%	38.74%	80.58%	-3.77%	20.26%
PRASX T. Rowe Price New Asia Fund	-2.85%	26.60%	6.97%	0.83%	-22.60%	-4.33%	29.56%	26.75%	-15.13%	40.64%

Returns By Period

In the year-to-date period, MGSEX achieves a 5.27% return, which is significantly higher than PRASX's -2.85% return. Over the past 10 years, MGSEX has outperformed PRASX with an annualized return of 14.00%, while PRASX has yielded a comparatively lower 6.90% annualized return.

MGSEX

• 1D: -1.11%
• 1M: -13.49%
• YTD: 5.27%
• 6M: 8.88%
• 1Y: 50.02%
• 3Y*: 14.56%
• 5Y*: 1.58%
• 10Y*: 14.00%

PRASX

• 1D: -1.25%
• 1M: -13.71%
• YTD: -2.85%
• 6M: 0.29%
• 1Y: 20.97%
• 3Y*: 7.70%
• 5Y*: -1.30%
• 10Y*: 6.90%

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

MGSEX vs. PRASX - Expense Ratio Comparison

MGSEX has a 1.18% expense ratio, which is higher than PRASX's 0.99% expense ratio.

MGSEX

AMG Veritas Asia Pacific Fund

PRASX

T. Rowe Price New Asia Fund

Return for Risk

MGSEX vs. PRASX — Risk / Return Rank

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

MGSEX

MGSEX Risk / Return Rank: 93
MGSEX Sharpe Ratio Rank: 95
MGSEX Sortino Ratio Rank: 92
MGSEX Omega Ratio Rank: 90
MGSEX Calmar Ratio Rank: 95
MGSEX Martin Ratio Rank: 92

PRASX

PRASX Risk / Return Rank: 57
PRASX Sharpe Ratio Rank: 62
PRASX Sortino Ratio Rank: 59
PRASX Omega Ratio Rank: 57
PRASX Calmar Ratio Rank: 54
PRASX Martin Ratio Rank: 52

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.

MGSEX vs. PRASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AMG Veritas Asia Pacific Fund (MGSEX) 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.

	MGSEX	PRASX	Difference
Sharpe ratio Return per unit of total volatility	2.21	1.10	+1.10
Sortino ratio Return per unit of downside risk	2.75	1.54	+1.22
Omega ratio Gain probability vs. loss probability	1.40	1.22	+0.18
Calmar ratio Return relative to maximum drawdown	3.18	1.29	+1.89
Martin ratio Return relative to average drawdown	11.02	5.10	+5.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGSEX vs. PRASX - Sharpe Ratio Comparison

The current MGSEX Sharpe Ratio is 2.21, which is higher than the PRASX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of MGSEX and PRASX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MGSEX	PRASX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.21	1.10	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.08	-0.07	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.38	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.42	+0.06

Correlation

The correlation between MGSEX and PRASX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MGSEX vs. PRASX - Dividend Comparison

MGSEX's dividend yield for the trailing twelve months is around 0.13%, less than PRASX's 0.64% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MGSEX AMG Veritas Asia Pacific Fund	0.13%	0.14%	0.47%	0.11%	0.00%	83.77%	4.35%	59.30%	0.00%	0.00%	0.00%	0.00%
PRASX T. Rowe Price New Asia Fund	0.64%	0.62%	1.05%	1.77%	1.96%	14.22%	0.46%	0.77%	7.23%	9.15%	0.46%	1.31%

Drawdowns

MGSEX vs. PRASX - Drawdown Comparison

The maximum MGSEX drawdown since its inception was -62.06%, smaller than the maximum PRASX drawdown of -70.53%. Use the drawdown chart below to compare losses from any high point for MGSEX and PRASX.

Drawdown Indicators

	MGSEX	PRASX	Difference
Max Drawdown Largest peak-to-trough decline	-62.06%	-70.53%	+8.47%
Max Drawdown (1Y) Largest decline over 1 year	-14.34%	-14.39%	+0.05%
Max Drawdown (5Y) Largest decline over 5 years	-43.13%	-42.27%	-0.86%
Max Drawdown (10Y) Largest decline over 10 years	-45.32%	-45.07%	-0.25%
Current Drawdown Current decline from peak	-14.34%	-14.39%	+0.05%
Average Drawdown Average peak-to-trough decline	-13.92%	-18.61%	+4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	3.63%	+0.51%

Volatility

MGSEX vs. PRASX - Volatility Comparison

AMG Veritas Asia Pacific Fund (MGSEX) has a higher volatility of 9.72% compared to T. Rowe Price New Asia Fund (PRASX) at 9.05%. This indicates that MGSEX's price experiences larger fluctuations and is considered to be riskier than PRASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGSEX	PRASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	9.05%	+0.67%
Volatility (6M) Calculated over the trailing 6-month period	17.66%	14.28%	+3.38%
Volatility (1Y) Calculated over the trailing 1-year period	22.82%	18.76%	+4.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	18.54%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.63%	18.00%	+7.63%