ASIA vs. ASIANPAINT.NS

Last updated Jun 4, 2026

ASIA (Matthews Pacific Tiger Active ETF) is Asia Pacific Equities fund actively managed by Matthews, while ASIANPAINT.NS (Asian Paints Limited) is a stock. Over the past year, ASIA returned 66.09% vs 6.80% for ASIANPAINT.NS. At a 0.11 correlation, their price movements are largely independent.

Performance

ASIA vs. ASIANPAINT.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Pacific Tiger Active ETF (ASIA) and Asian Paints Limited (ASIANPAINT.NS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ASIA is traded in USD, while ASIANPAINT.NS is traded in INR. To make them comparable, the ASIANPAINT.NS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ASIA achieves a 33.47% return, which is significantly higher than ASIANPAINT.NS's -9.78% return.

ASIA

• 1D: -1.35%
• 1M: 11.70%
• YTD: 33.47%
• 6M: 38.00%
• 1Y: 66.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASIANPAINT.NS

• 1D: -0.29%
• 1M: 8.02%
• YTD: -9.78%
• 6M: -15.14%
• 1Y: 6.80%
• 3Y*: -9.97%
• 5Y*: -6.25%
• 10Y*: 7.02%

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

ASIA vs. ASIANPAINT.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASIA Matthews Pacific Tiger Active ETF	33.47%	32.06%	3.41%	0.01%
ASIANPAINT.NS Asian Paints Limited	-9.78%	16.86%	-34.05%	3.77%

Correlation

The correlation between ASIA and ASIANPAINT.NS is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.11

Return for Risk

ASIA vs. ASIANPAINT.NS — Risk / Return Rank

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

ASIA

ASIA Risk / Return Rank: 86
ASIA Sharpe Ratio Rank: 89
ASIA Sortino Ratio Rank: 83
ASIA Omega Ratio Rank: 88
ASIA Calmar Ratio Rank: 84
ASIA Martin Ratio Rank: 83

ASIANPAINT.NS

ASIANPAINT.NS Risk / Return Rank: 60
ASIANPAINT.NS Sharpe Ratio Rank: 66
ASIANPAINT.NS Sortino Ratio Rank: 61
ASIANPAINT.NS Omega Ratio Rank: 60
ASIANPAINT.NS Calmar Ratio Rank: 55
ASIANPAINT.NS Martin Ratio Rank: 58

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.

ASIA vs. ASIANPAINT.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Active ETF (ASIA) and Asian Paints Limited (ASIANPAINT.NS). 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.

	ASIA	ASIANPAINT.NS	Difference
Sharpe ratio: Return per unit of total volatility	3.08	0.27	+2.81
Sortino ratio: Return per unit of downside risk	3.78	0.59	+3.19
Omega ratio: Gain probability vs. loss probability	1.55	1.07	+0.48
Calmar ratio: Return relative to maximum drawdown	4.59	0.22	+4.37
Martin ratio: Return relative to average drawdown	17.09	0.50	+16.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASIA vs. ASIANPAINT.NS - Sharpe Ratio Comparison

The current ASIA Sharpe Ratio is 3.08, which is higher than the ASIANPAINT.NS Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of ASIA and ASIANPAINT.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASIA	ASIANPAINT.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.08	0.27	+2.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.55	+0.69

Drawdowns

ASIA vs. ASIANPAINT.NS - Drawdown Comparison

The maximum ASIA drawdown since its inception was -23.95%, smaller than the maximum ASIANPAINT.NS drawdown of -56.84%. Use the drawdown chart below to compare losses from any high point for ASIA and ASIANPAINT.NS.

Drawdown Indicators

	ASIA	ASIANPAINT.NS	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-56.84%	+32.89%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-31.02%	+16.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-46.19%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-50.95%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-50.95%	—
Current Drawdown Current decline from peak	-1.35%	-40.08%	+38.73%
Average Drawdown Average peak-to-trough decline	-4.85%	-14.28%	+9.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	13.51%	-9.63%

Volatility

ASIA vs. ASIANPAINT.NS - Volatility Comparison

Matthews Pacific Tiger Active ETF (ASIA) has a higher volatility of 9.93% compared to Asian Paints Limited (ASIANPAINT.NS) at 8.37%. This indicates that ASIA's price experiences larger fluctuations and is considered to be riskier than ASIANPAINT.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASIA	ASIANPAINT.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	8.37%	+1.56%
Volatility (6M) Calculated over the trailing 6-month period	18.57%	20.27%	-1.70%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	24.85%	-3.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	23.25%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	25.62%	-5.38%

Dividends

ASIA vs. ASIANPAINT.NS - Dividend Comparison

ASIA's dividend yield for the trailing twelve months is around 0.78%, less than ASIANPAINT.NS's 0.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASIA Matthews Pacific Tiger Active ETF	0.78%	1.05%	0.58%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ASIANPAINT.NS Asian Paints Limited	0.94%	0.90%	1.42%	0.78%	0.64%	0.54%	0.43%	0.62%	0.65%	0.89%	0.89%	0.25%

Frequently Asked Questions

Can I hold both ASIA and ASIANPAINT.NS in my portfolio?

ASIA and ASIANPAINT.NS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.