Best Asia funds
Ranking of the top 20 Asia funds (Equity) by composite score (risk-adjusted return). Updated 20/07/2026.
This page ranks 20 Asia funds, a subcategory of Equity, ordered by a composite score that rewards risk-adjusted return and curve stability while penalizing drawdowns. Use it to compare options within the same investment style before exploring each fund's history in the interactive view.
ℹ️ Methodology: period and indicators
All indicators are computed over the last 1.0 years (380 trading days), with daily data. The risk-free rate used is 2.0%.
Score formula (risk-adjusted return):
0.25·R² + 0.15·Sortino* + 0.2·DD* + 0.2·CAGR_excess* + 0.1·Volatility_inv* + 0.1·Ulcer_inv*
* Components normalized to the analyzed set of funds (best in set = 1, worst = 0). The drawdown term is 1 − (MaxDD / 25.0%)3, clamped to [0,1]. Volatility and Ulcer are inverted (less = better).
A higher score means better relative behavior within the analyzed set, not an investment recommendation.
🏆 Ranking
| # | ISIN | Name | Score | R² | Total Ret. | Annual Ret. | Volatility | Sharpe | Sortino | Max Drawdown | Ret./MaxDD | Calmar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | LU1797817605 | M&G (Lux) Japan Smaller Companies Fund USD C-H Acc | 0.740 | 0.962 | 69.08% | 65.67% | 17.39% | 3.66 | 3.59 | 8.99% | 7.69 | 7.31 |
| 2 | LU0931681356 | GAM Multistock - Japan Special Situations USD Bh Hedged | 0.717 | 0.966 | 53.07% | 50.56% | 16.94% | 2.87 | 2.90 | 5.27% | 10.06 | 9.58 |
| 3 | LU0194438841 | BNP Paribas Japan Small Cap EUR | 0.687 | 0.964 | 55.15% | 52.53% | 19.65% | 2.57 | 2.43 | 11.37% | 4.85 | 4.62 |
| 4 | IE00B5648R31 | Man GLG Japan CoreAlpha Equity Class D H EUR | 0.667 | 0.906 | 51.37% | 48.95% | 19.08% | 2.46 | 2.61 | 10.65% | 4.82 | 4.60 |
| 5 | IE00B01FHV31 | Jupiter Asia Pacific Income Fund (IRL) L EUR Acc | 0.659 | 0.909 | 47.25% | 45.35% | 18.53% | 2.34 | 2.23 | 11.39% | 4.15 | 3.98 |
| 6 | LU1670715975 | M&G (Lux) Japan Smaller Companies Fund A EUR Acc | 0.659 | 0.896 | 44.34% | 42.30% | 16.60% | 2.43 | 2.50 | 10.82% | 4.10 | 3.91 |
| 7 | LU1670626446 | M&G (Lux) Japan Fund A EUR Acc | 0.657 | 0.924 | 42.81% | 41.11% | 19.40% | 2.02 | 2.12 | 10.30% | 4.16 | 3.99 |
| 8 | IE00BYX5NH74 | Fidelity MSCI Japan Index Fund P-ACC-EUR (hedged) | 0.656 | 0.950 | 43.75% | 41.74% | 20.79% | 1.91 | 1.96 | 11.45% | 3.82 | 3.65 |
| 9 | LU1997245177 | ALLIANZ CHINA A SHARES AT ACC USD | 0.656 | 0.906 | 56.69% | 54.34% | 22.65% | 2.31 | 2.27 | 13.47% | 4.21 | 4.03 |
| 10 | LU1670618187 | M&G (Lux) Asian Fund EUR A Acc | 0.650 | 0.934 | 42.96% | 41.25% | 18.29% | 2.15 | 1.90 | 12.22% | 3.52 | 3.38 |
| 11 | LU1997244873 | CHINA A SHARES A DIS EUR | 0.649 | 0.897 | 54.68% | 52.09% | 22.46% | 2.23 | 2.14 | 13.56% | 4.03 | 3.84 |
| 12 | LU1255011097 | JPMorgan Funds - China A-Share Opportunities Fund A (acc) - EUR | 0.648 | 0.888 | 42.20% | 40.27% | 19.07% | 2.01 | 1.89 | 10.24% | 4.12 | 3.93 |
| 13 | LU0173782102 | NORDEA ASIAN FOCUS EQ BP EUR | 0.648 | 0.919 | 47.00% | 44.82% | 21.99% | 1.95 | 1.90 | 11.81% | 3.98 | 3.79 |
| 14 | LU0289132655 | GAM Multistock - Japan Special Situations EUR B | 0.644 | 0.892 | 31.12% | 29.75% | 16.03% | 1.73 | 1.89 | 6.88% | 4.53 | 4.33 |
| 15 | LU0084617165 | ASIA PACIFIC EQUITIES D AC EUR | 0.644 | 0.944 | 43.87% | 41.86% | 22.07% | 1.81 | 1.87 | 12.39% | 3.54 | 3.38 |
| 16 | LU0248184466 | Schroder International Selection Fund Asian Opportunities A Accumulation EUR | 0.636 | 0.915 | 48.89% | 46.61% | 23.24% | 1.92 | 1.68 | 13.14% | 3.72 | 3.55 |
| 17 | BE6324061496 | DPAM EQ DRAGN SUST B ACC EUR | 0.635 | 0.872 | 50.32% | 47.96% | 22.40% | 2.05 | 2.16 | 12.95% | 3.89 | 3.70 |
| 18 | IE0004868604 | BARING ASIA GROWTH A DIS EUR | 0.635 | 0.919 | 49.12% | 46.83% | 23.95% | 1.87 | 1.69 | 13.21% | 3.72 | 3.55 |
| 19 | LU0219418679 | MFS ASIA PACIFIC EXJAPAN FUND A1 ACC EUR | 0.633 | 0.858 | 42.64% | 40.69% | 20.13% | 1.92 | 1.77 | 10.40% | 4.10 | 3.91 |
| 20 | LU0836512888 | iShares Japan Equity Index Fund (LU) A2 USD | 0.633 | 0.923 | 31.82% | 30.42% | 19.34% | 1.47 | 1.60 | 9.78% | 3.25 | 3.11 |
📊 Compared evolution (base 100)
❓ Frequently asked questions
How is the fund ranking calculated?
Each fund gets a composite score from 0 to 1 that combines risk-adjusted return (excess CAGR and Sortino), curve stability (R² and inverted volatility) and drawdown control (a non-linear penalty plus the Ulcer Index). Funds are then ordered by that score.
What does the score mean for Asia funds?
A higher score means better relative behavior within the analyzed set: more stable growth and smaller drawdowns for the return achieved. It is a comparison tool, not an investment recommendation.
How often is the data updated?
The ranking is recomputed from daily NAV data each time the site is regenerated. This page was last updated on 20/07/2026.
Is this investment advice?
No. All content is educational and based on historical data. Past performance does not guarantee future results. Consult a licensed advisor before investing.