PAAOX vs. CHILX
PAAOX (T. Rowe Price Asia Opportunities Fund) and CHILX (BlackRock China A Opportunities Fund) are both mutual funds - PAAOX is a Asia Pacific Equities fund managed by T. Rowe Price, while CHILX is a China Equities fund managed by BlackRock. Over the past 5 years, PAAOX returned 1.98%/yr vs 0.39%/yr for CHILX. A 0.62 correlation means they provide meaningful diversification when combined. PAAOX charges 1.25%/yr vs 0.99%/yr for CHILX.
Performance
PAAOX vs. CHILX - Performance Comparison
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Returns By Period
In the year-to-date period, PAAOX achieves a 7.13% return, which is significantly lower than CHILX's 11.14% return.
PAAOX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 2.01%
- YTD
- 7.13%
- 1Y
- 22.54%
- 3Y*
- 13.62%
- 5Y*
- 1.98%
- 10Y*
- 8.57%
CHILX
- 1D
- -1.89%
- 1M
- 0.46%
- 6M
- 6.00%
- YTD
- 11.14%
- 1Y
- 31.07%
- 3Y*
- 12.66%
- 5Y*
- 0.39%
- 10Y*
- —
PAAOX vs. CHILX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PAAOX T. Rowe Price Asia Opportunities Fund | 7.13% | 27.78% | 11.30% | -1.00% | -19.33% | -5.50% | 26.57% | 25.92% |
CHILX BlackRock China A Opportunities Fund | 11.14% | 26.30% | 15.44% | -12.29% | -28.54% | 3.54% | 48.69% | 48.44% |
Correlation
The correlation between PAAOX and CHILX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2019 | 0.62 |
The correlation between PAAOX and CHILX shifts across timeframes, from 0.44 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PAAOX vs. CHILX — Risk / Return Rank
PAAOX
CHILX
PAAOX vs. CHILX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Asia Opportunities Fund (PAAOX) and BlackRock China A Opportunities Fund (CHILX). 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.
| PAAOX | CHILX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.29 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 3.69 | -2.06 |
| Martin ratioReturn relative to average drawdown | 5.06 | 10.68 | -5.63 |
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Drawdowns
PAAOX vs. CHILX - Drawdown Comparison
The maximum PAAOX drawdown since its inception was -43.02%, smaller than the maximum CHILX drawdown of -47.73%. Use the drawdown chart below to compare losses from any high point for PAAOX and CHILX.
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Drawdown Indicators
| PAAOX | CHILX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.02% | -47.73% | +4.71% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -8.54% | -5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.78% | -22.59% | +3.81% |
Max Drawdown (5Y)Largest decline over 5 years | -39.79% | -43.88% | +4.09% |
Max Drawdown (10Y)Largest decline over 10 years | -43.02% | — | — |
Current DrawdownCurrent decline from peak | -5.51% | -7.02% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -13.06% | -20.25% | +7.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.40% | 2.94% | +1.46% |
Volatility
PAAOX vs. CHILX - Volatility Comparison
The current volatility for T. Rowe Price Asia Opportunities Fund (PAAOX) is 0.00%, while BlackRock China A Opportunities Fund (CHILX) has a volatility of 9.13%. This indicates that PAAOX experiences smaller price fluctuations and is considered to be less risky than CHILX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAOX | CHILX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 9.13% | -9.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.10% | 15.15% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.59% | 19.00% | -2.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.06% | 20.59% | -2.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.57% | 21.98% | -4.41% |
PAAOX vs. CHILX - Expense Ratio Comparison
PAAOX has a 1.25% expense ratio, which is higher than CHILX's 0.99% expense ratio.
Dividends
PAAOX vs. CHILX - Dividend Comparison
PAAOX's dividend yield for the trailing twelve months is around 3.21%, more than CHILX's 2.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHILX BlackRock China A Opportunities Fund | 2.64% | 2.94% | 2.11% | 2.02% | 0.92% | 1.19% | 3.64% | 12.77% | 0.00% | 0.00% | 0.00% | 0.00% |
PAAOX T. Rowe Price Asia Opportunities Fund | 3.21% | 0.64% | 0.00% | 1.55% | 1.51% | 7.43% | 1.33% | 0.62% | 0.61% | 0.13% | 2.12% | 0.89% |
Frequently Asked Questions
PAAOX and CHILX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CHILX has higher volatility (9.13%) compared to PAAOX (0.00%). In terms of maximum drawdown, PAAOX dropped -43.02% vs CHILX's -47.73%.
CHILX currently has the higher Sharpe Ratio (1.66 vs 1.34), 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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