PAAOX vs. MASGX
Compare and contrast key facts about T. Rowe Price Asia Opportunities Fund (PAAOX) and Matthews Asia ESG Fund (MASGX).
PAAOX is managed by T. Rowe Price. It was launched on May 20, 2014. MASGX is managed by Matthews. It was launched on Apr 29, 2015.
Performance
PAAOX vs. MASGX - Performance Comparison
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PAAOX vs. MASGX - 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% |
MASGX Matthews Asia ESG Fund | 4.69% | 22.83% | -2.51% | 7.99% | -14.37% | 5.33% | 42.90% | 12.56% | -9.70% | 33.75% |
Returns By Period
In the year-to-date period, PAAOX achieves a -2.15% return, which is significantly lower than MASGX's 4.69% return. Over the past 10 years, PAAOX has underperformed MASGX with an annualized return of 8.25%, while MASGX has yielded a comparatively higher 9.21% 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%
MASGX
- 1D
- -1.83%
- 1M
- -13.33%
- YTD
- 4.69%
- 6M
- 8.81%
- 1Y
- 29.25%
- 3Y*
- 10.16%
- 5Y*
- 3.06%
- 10Y*
- 9.21%
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PAAOX vs. MASGX - Expense Ratio Comparison
PAAOX has a 1.25% expense ratio, which is higher than MASGX's 1.24% expense ratio.
Return for Risk
PAAOX vs. MASGX — Risk / Return Rank
PAAOX
MASGX
PAAOX vs. MASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Asia Opportunities Fund (PAAOX) and Matthews Asia ESG Fund (MASGX). 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 | MASGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 1.45 | -0.21 |
Sortino ratioReturn per unit of downside risk | 1.69 | 1.94 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.44 | +0.07 |
Martin ratioReturn relative to average drawdown | 5.96 | 5.06 | +0.90 |
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 | MASGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.45 | -0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.15 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.51 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.50 | -0.08 |
Correlation
The correlation between PAAOX and MASGX is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
PAAOX vs. MASGX - Dividend Comparison
PAAOX's dividend yield for the trailing twelve months is around 0.65%, less than MASGX's 5.33% 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% |
MASGX Matthews Asia ESG Fund | 5.33% | 5.58% | 2.58% | 7.52% | 5.39% | 2.60% | 5.66% | 1.36% | 4.52% | 3.70% | 1.47% | 0.00% |
Drawdowns
PAAOX vs. MASGX - Drawdown Comparison
The maximum PAAOX drawdown since its inception was -43.02%, which is greater than MASGX's maximum drawdown of -36.34%. Use the drawdown chart below to compare losses from any high point for PAAOX and MASGX.
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Drawdown Indicators
| PAAOX | MASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.02% | -36.34% | -6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -13.70% | -14.20% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -41.76% | -36.34% | -5.42% |
Max Drawdown (10Y)Largest decline over 10 years | -43.02% | -36.34% | -6.68% |
Current DrawdownCurrent decline from peak | -13.70% | -14.20% | +0.50% |
Average DrawdownAverage peak-to-trough decline | -13.24% | -11.38% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.36% | -0.89% |
Volatility
PAAOX vs. MASGX - Volatility Comparison
The current volatility for T. Rowe Price Asia Opportunities Fund (PAAOX) is 9.15%, while Matthews Asia ESG Fund (MASGX) has a volatility of 9.85%. This indicates that PAAOX experiences smaller price fluctuations and is considered to be less risky than MASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAAOX | MASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 9.85% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 14.25% | 15.17% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.44% | 20.08% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.05% | 20.13% | -2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 18.20% | -0.61% |