PAAOX vs. DFRSX
Compare and contrast key facts about T. Rowe Price Asia Opportunities Fund (PAAOX) and DFA Asia Pacific Small Company (DFRSX).
PAAOX is managed by T. Rowe Price. It was launched on May 20, 2014. DFRSX is managed by Dimensional. It was launched on Jan 4, 1993.
Performance
PAAOX vs. DFRSX - Performance Comparison
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PAAOX vs. DFRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAAOX T. Rowe Price Asia Opportunities Fund | -2.15% | 27.78% | 11.30% | -1.00% | -19.33% | -5.50% | 26.57% | 24.86% | -11.26% | 43.07% |
DFRSX DFA Asia Pacific Small Company | -4.61% | 34.73% | 0.27% | 3.99% | -16.96% | 12.59% | 14.24% | 13.30% | -15.48% | 25.17% |
Returns By Period
In the year-to-date period, PAAOX achieves a -2.15% return, which is significantly higher than DFRSX's -4.61% return. Over the past 10 years, PAAOX has outperformed DFRSX with an annualized return of 8.25%, while DFRSX has yielded a comparatively lower 6.02% annualized return.
PAAOX
- 1D
- -1.50%
- 1M
- -12.67%
- YTD
- -2.15%
- 6M
- 1.25%
- 1Y
- 22.95%
- 3Y*
- 9.11%
- 5Y*
- -0.13%
- 10Y*
- 8.25%
DFRSX
- 1D
- -0.63%
- 1M
- -12.55%
- YTD
- -4.61%
- 6M
- -2.53%
- 1Y
- 27.45%
- 3Y*
- 9.69%
- 5Y*
- 3.60%
- 10Y*
- 6.02%
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PAAOX vs. DFRSX - Expense Ratio Comparison
PAAOX has a 1.25% expense ratio, which is higher than DFRSX's 0.42% expense ratio.
Return for Risk
PAAOX vs. DFRSX — Risk / Return Rank
PAAOX
DFRSX
PAAOX vs. DFRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Asia Opportunities Fund (PAAOX) and DFA Asia Pacific Small Company (DFRSX). 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.
| PAAOX | DFRSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.45 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.90 | -0.21 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.30 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.82 | -0.31 |
Martin ratioReturn relative to average drawdown | 5.96 | 6.50 | -0.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PAAOX | DFRSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.45 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.21 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.36 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.32 | +0.10 |
Correlation
The correlation between PAAOX and DFRSX is 0.68, 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
PAAOX vs. DFRSX - Dividend Comparison
PAAOX's dividend yield for the trailing twelve months is around 0.65%, less than DFRSX's 5.15% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PAAOX T. Rowe Price Asia Opportunities Fund | 0.65% | 0.64% | 0.00% | 1.55% | 1.51% | 7.43% | 1.33% | 0.62% | 0.61% | 0.13% | 2.12% | 0.89% |
DFRSX DFA Asia Pacific Small Company | 5.15% | 4.92% | 4.66% | 4.70% | 9.99% | 12.82% | 2.91% | 4.56% | 3.48% | 4.01% | 3.79% | 3.96% |
Drawdowns
PAAOX vs. DFRSX - Drawdown Comparison
The maximum PAAOX drawdown since its inception was -43.02%, smaller than the maximum DFRSX drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for PAAOX and DFRSX.
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Drawdown Indicators
| PAAOX | DFRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.02% | -69.06% | +26.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -14.20% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -41.76% | -30.18% | -11.58% |
Max Drawdown (10Y)Largest decline over 10 years | -43.02% | -46.25% | +3.23% |
Current DrawdownCurrent decline from peak | -13.70% | -14.20% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -17.28% | +4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 3.97% | -0.50% |
Volatility
PAAOX vs. DFRSX - Volatility Comparison
T. Rowe Price Asia Opportunities Fund (PAAOX) has a higher volatility of 9.15% compared to DFA Asia Pacific Small Company (DFRSX) at 6.08%. This indicates that PAAOX's price experiences larger fluctuations and is considered to be riskier than DFRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAOX | DFRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 6.08% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 12.03% | +2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.44% | 18.54% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 17.14% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 16.98% | +0.61% |