PRASX vs. VSEQX

Last updated Jul 14, 2026

PRASX (T. Rowe Price New Asia Fund) and VSEQX (Vanguard Strategic Equity Fund) are both mutual funds - PRASX is a Asia Pacific Equities fund managed by T. Rowe Price, while VSEQX is a Mid Cap Blend Equities fund tracking the Spliced Small and Mid Cap Index. Over the past 10 years, PRASX returned 8.95%/yr vs 13.19%/yr for VSEQX. At a 0.49 correlation, their price movements are largely independent. PRASX charges 0.99%/yr vs 0.17%/yr for VSEQX.

Performance

PRASX vs. VSEQX - Performance Comparison

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

Returns By Period

In the year-to-date period, PRASX achieves a 24.07% return, which is significantly higher than VSEQX's 19.91% return. Over the past 10 years, PRASX has underperformed VSEQX with an annualized return of 8.95%, while VSEQX has yielded a comparatively higher 13.19% annualized return.

PRASX

• 1D: -0.23%
• 1M: -0.83%
• 6M: 17.17%
• YTD: 24.07%
• 1Y: 41.76%
• 3Y*: 18.07%
• 5Y*: 4.03%
• 10Y*: 8.95%

VSEQX

• 1D: -0.16%
• 1M: 2.13%
• 6M: 15.36%
• YTD: 19.91%
• 1Y: 33.45%
• 3Y*: 19.96%
• 5Y*: 12.54%
• 10Y*: 13.19%

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

PRASX vs. VSEQX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PRASX T. Rowe Price New Asia Fund	24.07%	26.60%	6.97%	0.83%	-22.60%	-4.33%	29.56%	26.75%	-15.13%	40.64%
VSEQX Vanguard Strategic Equity Fund	19.91%	15.32%	16.67%	19.31%	-11.90%	30.83%	10.26%	26.76%	-11.86%	12.36%

Correlation

The correlation between PRASX and VSEQX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.58
Correlation (All Time) Calculated using the full available price history since Sep 1, 1995	0.49

The correlation between PRASX and VSEQX has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.

Return for Risk

PRASX vs. VSEQX — Risk / Return Rank

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

PRASX

PRASX Risk / Return Rank: 66
PRASX Sharpe Ratio Rank: 64
PRASX Sortino Ratio Rank: 49
PRASX Omega Ratio Rank: 69
PRASX Calmar Ratio Rank: 80
PRASX Martin Ratio Rank: 69

VSEQX

VSEQX Risk / Return Rank: 85
VSEQX Sharpe Ratio Rank: 81
VSEQX Sortino Ratio Rank: 80
VSEQX Omega Ratio Rank: 75
VSEQX Calmar Ratio Rank: 94
VSEQX Martin Ratio Rank: 94

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. VSEQX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Asia Fund (PRASX) and Vanguard Strategic Equity Fund (VSEQX). 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.

	PRASX	VSEQX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.11	-0.34
Sortino ratio: Return per unit of downside risk	2.25	2.97	-0.72
Omega ratio: Gain probability vs. loss probability	1.34	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.90	4.24	-1.33
Martin ratio: Return relative to average drawdown	10.19	16.31	-6.12

PRASX vs. VSEQX - Sharpe Ratio Comparison

The current PRASX Sharpe Ratio is 1.77, which is comparable to the VSEQX Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of PRASX and VSEQX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRASX vs. VSEQX - Drawdown Comparison

The maximum PRASX drawdown since its inception was -70.53%, which is greater than VSEQX's maximum drawdown of -63.55%. Use the drawdown chart below to compare losses from any high point for PRASX and VSEQX.

Drawdown Indicators

	PRASX	VSEQX	Difference
Max Drawdown Largest peak-to-trough decline	-70.53%	-63.55%	-6.98%
Max Drawdown (1Y) Largest decline over 1 year	-14.39%	-7.60%	-6.79%
Max Drawdown (3Y) Largest decline over 3 years	-18.34%	-24.73%	+6.39%
Max Drawdown (5Y) Largest decline over 5 years	-40.20%	-24.73%	-15.47%
Max Drawdown (10Y) Largest decline over 10 years	-45.07%	-44.08%	-0.99%
Current Drawdown Current decline from peak	-6.34%	-0.60%	-5.74%
Average Drawdown Average peak-to-trough decline	-18.49%	-9.04%	-9.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	1.98%	+2.11%

Volatility

PRASX vs. VSEQX - Volatility Comparison

T. Rowe Price New Asia Fund (PRASX) has a higher volatility of 12.25% compared to Vanguard Strategic Equity Fund (VSEQX) at 3.98%. This indicates that PRASX's price experiences larger fluctuations and is considered to be riskier than VSEQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRASX	VSEQX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.25%	3.98%	+8.27%
Volatility (6M) Calculated over the trailing 6-month period	21.48%	10.99%	+10.49%
Volatility (1Y) Calculated over the trailing 1-year period	23.64%	15.24%	+8.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.00%	19.93%	+0.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.75%	21.35%	-2.60%

PRASX vs. VSEQX - Expense Ratio Comparison

PRASX has a 0.99% expense ratio, which is higher than VSEQX's 0.17% expense ratio.

Dividends

PRASX vs. VSEQX - Dividend Comparison

PRASX's dividend yield for the trailing twelve months is around 0.50%, less than VSEQX's 9.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRASX T. Rowe Price New Asia Fund	0.50%	0.62%	1.05%	1.77%	1.96%	14.22%	0.46%	0.77%	7.23%	9.15%	0.46%	1.31%
VSEQX Vanguard Strategic Equity Fund	9.30%	11.16%	11.36%	6.11%	11.77%	21.36%	1.77%	2.92%	10.34%	7.05%	3.13%	12.28%

Frequently Asked Questions

Can I hold both PRASX and VSEQX in my portfolio?

PRASX and VSEQX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PRASX or VSEQX?

PRASX has higher volatility (12.25%) compared to VSEQX (3.98%). In terms of maximum drawdown, PRASX dropped -70.53% vs VSEQX's -63.55%.

Which has better risk-adjusted returns?

VSEQX currently has the higher Sharpe Ratio (2.11 vs 1.77), 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.