PRASX vs. PRWAX
Compare and contrast key facts about T. Rowe Price New Asia Fund (PRASX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
PRASX is managed by T. Rowe Price. It was launched on Sep 27, 1990. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRASX or PRWAX.
Key characteristics
| PRASX | PRWAX | |
|---|---|---|
| YTD Return | 7.65% | 14.89% |
| 1Y Return | 7.20% | 33.53% |
| 3Y Return (Ann) | -8.25% | 9.23% |
| 5Y Return (Ann) | 4.00% | 18.44% |
| 10Y Return (Ann) | 4.53% | 16.76% |
| Sharpe Ratio | 0.48 | 2.38 |
| Daily Std Dev | 13.84% | 14.62% |
| Max Drawdown | -80.70% | -57.72% |
| Current Drawdown | -29.21% | -0.19% |
Correlation
The correlation between PRASX and PRWAX is 0.45, 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.
Performance
PRASX vs. PRWAX - Performance Comparison
In the year-to-date period, PRASX achieves a 7.65% return, which is significantly lower than PRWAX's 14.89% return. Over the past 10 years, PRASX has underperformed PRWAX with an annualized return of 4.53%, while PRWAX has yielded a comparatively higher 16.76% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRASX vs. PRWAX - Expense Ratio Comparison
PRASX has a 0.99% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
PRASX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Asia Fund (PRASX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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.
Dividends
PRASX vs. PRWAX - Dividend Comparison
PRASX's dividend yield for the trailing twelve months is around 1.65%, less than PRWAX's 4.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRASX T. Rowe Price New Asia Fund | 1.65% | 1.77% | 1.96% | 14.22% | 0.46% | 0.77% | 7.23% | 9.66% | 1.32% | 1.31% | 4.97% | 4.37% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 4.44% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% | 11.52% |
Drawdowns
PRASX vs. PRWAX - Drawdown Comparison
The maximum PRASX drawdown since its inception was -80.70%, which is greater than PRWAX's maximum drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for PRASX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
PRASX vs. PRWAX - Volatility Comparison
T. Rowe Price New Asia Fund (PRASX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX) have volatilities of 4.00% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.