TRCLX vs. GSAGX
Compare and contrast key facts about T. Rowe Price China Evolution Equity Fund (TRCLX) and Goldman Sachs China Equity Fund (GSAGX).
TRCLX is managed by T. Rowe Price. It was launched on Dec 9, 2019. GSAGX is managed by Goldman Sachs. It was launched on Jul 7, 1994.
Performance
TRCLX vs. GSAGX - Performance Comparison
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TRCLX vs. GSAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TRCLX T. Rowe Price China Evolution Equity Fund | 8.90% | 36.23% | 10.95% | -15.51% | -26.24% | 6.28% | 59.73% | 6.20% |
GSAGX Goldman Sachs China Equity Fund | -3.87% | 32.36% | 13.00% | -18.78% | -30.71% | -14.26% | 48.21% | 6.87% |
Returns By Period
In the year-to-date period, TRCLX achieves a 8.90% return, which is significantly higher than GSAGX's -3.87% return.
TRCLX
- 1D
- 0.06%
- 1M
- -9.83%
- YTD
- 8.90%
- 6M
- 11.03%
- 1Y
- 39.13%
- 3Y*
- 10.54%
- 5Y*
- 0.06%
- 10Y*
- —
GSAGX
- 1D
- 1.03%
- 1M
- -7.17%
- YTD
- -3.87%
- 6M
- -8.86%
- 1Y
- 14.23%
- 3Y*
- 5.18%
- 5Y*
- -6.82%
- 10Y*
- 4.74%
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TRCLX vs. GSAGX - Expense Ratio Comparison
TRCLX has a 1.04% expense ratio, which is lower than GSAGX's 1.47% expense ratio.
Return for Risk
TRCLX vs. GSAGX — Risk / Return Rank
TRCLX
GSAGX
TRCLX vs. GSAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price China Evolution Equity Fund (TRCLX) and Goldman Sachs China Equity Fund (GSAGX). 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.
| TRCLX | GSAGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.04 | 0.73 | +1.31 |
Sortino ratioReturn per unit of downside risk | 2.56 | 1.07 | +1.49 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.15 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.85 | 0.85 | +2.00 |
Martin ratioReturn relative to average drawdown | 12.17 | 2.70 | +9.47 |
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
| TRCLX | GSAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 0.73 | +1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.27 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.14 | +0.30 |
Correlation
The correlation between TRCLX and GSAGX is 0.86, 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
TRCLX vs. GSAGX - Dividend Comparison
TRCLX's dividend yield for the trailing twelve months is around 1.50%, more than GSAGX's 1.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TRCLX T. Rowe Price China Evolution Equity Fund | 1.50% | 1.64% | 1.78% | 2.56% | 2.76% | 8.23% | 1.50% | 0.01% | 0.00% | 0.00% |
GSAGX Goldman Sachs China Equity Fund | 1.39% | 1.34% | 1.40% | 0.89% | 0.00% | 6.78% | 5.02% | 0.57% | 6.92% | 1.35% |
Drawdowns
TRCLX vs. GSAGX - Drawdown Comparison
The maximum TRCLX drawdown since its inception was -50.67%, smaller than the maximum GSAGX drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for TRCLX and GSAGX.
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Drawdown Indicators
| TRCLX | GSAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.67% | -70.73% | +20.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -13.49% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -49.91% | -58.97% | +9.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.98% | — |
Current DrawdownCurrent decline from peak | -9.83% | -42.27% | +32.44% |
Average DrawdownAverage peak-to-trough decline | -23.32% | -28.55% | +5.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 4.44% | -1.21% |
Volatility
TRCLX vs. GSAGX - Volatility Comparison
T. Rowe Price China Evolution Equity Fund (TRCLX) and Goldman Sachs China Equity Fund (GSAGX) have volatilities of 6.50% and 6.30%, 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.
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Volatility by Period
| TRCLX | GSAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 6.30% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 12.78% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.51% | 19.70% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.97% | 25.37% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.42% | 22.52% | +0.90% |