PRASX vs. MGSEX

Last updated Apr 1, 2026

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

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

Performance

PRASX vs. MGSEX - Performance Comparison

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

PRASX vs. MGSEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
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%

Returns By Period

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

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%

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%

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

PRASX vs. MGSEX - Expense Ratio Comparison

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

MGSEX

AMG Veritas Asia Pacific Fund

PRASX

T. Rowe Price New Asia Fund

Return for Risk

PRASX vs. MGSEX — Risk / Return Rank

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

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

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

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.

PRASX vs. MGSEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Asia Fund (PRASX) and AMG Veritas Asia Pacific Fund (MGSEX). 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.

	PRASX	MGSEX	Difference
Sharpe ratio Return per unit of total volatility	1.10	2.21	-1.10
Sortino ratio Return per unit of downside risk	1.54	2.75	-1.22
Omega ratio Gain probability vs. loss probability	1.22	1.40	-0.18
Calmar ratio Return relative to maximum drawdown	1.29	3.18	-1.89
Martin ratio Return relative to average drawdown	5.10	11.02	-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.

PRASX vs. MGSEX - Sharpe Ratio Comparison

The current PRASX Sharpe Ratio is 1.10, which is lower than the MGSEX Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of PRASX and MGSEX, 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

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

Correlation

The correlation between PRASX and MGSEX 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

PRASX vs. MGSEX - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

PRASX vs. MGSEX - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

PRASX vs. MGSEX - Volatility Comparison

The current volatility for T. Rowe Price New Asia Fund (PRASX) is 9.05%, while AMG Veritas Asia Pacific Fund (MGSEX) has a volatility of 9.72%. This indicates that PRASX experiences smaller price fluctuations and is considered to be less risky than MGSEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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