ASIAX vs. INDAX
Compare and contrast key facts about Invesco EQV Asia Pacific Equity Fund (ASIAX) and ALPS/Kotak India ESG Fund (INDAX).
ASIAX is managed by Invesco. It was launched on Nov 2, 1997. INDAX is managed by ALPS. It was launched on Feb 13, 2011.
Performance
ASIAX vs. INDAX - Performance Comparison
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ASIAX vs. INDAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 0.36% | 24.56% | 9.59% | 0.87% | -10.82% | -6.10% | 25.76% | 17.78% | -11.50% | 29.13% |
INDAX ALPS/Kotak India ESG Fund | -16.28% | 2.03% | 10.94% | 16.77% | -12.62% | 26.37% | 14.68% | 8.41% | -12.51% | 39.77% |
Returns By Period
In the year-to-date period, ASIAX achieves a 0.36% return, which is significantly higher than INDAX's -16.28% return. Both investments have delivered pretty close results over the past 10 years, with ASIAX having a 7.29% annualized return and INDAX not far behind at 7.15%.
ASIAX
- 1D
- 2.45%
- 1M
- -8.56%
- YTD
- 0.36%
- 6M
- 5.66%
- 1Y
- 27.53%
- 3Y*
- 9.63%
- 5Y*
- 2.35%
- 10Y*
- 7.29%
INDAX
- 1D
- 1.76%
- 1M
- -10.24%
- YTD
- -16.28%
- 6M
- -14.63%
- 1Y
- -10.28%
- 3Y*
- 4.26%
- 5Y*
- 2.20%
- 10Y*
- 7.15%
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ASIAX vs. INDAX - Expense Ratio Comparison
ASIAX has a 1.45% expense ratio, which is higher than INDAX's 1.33% expense ratio.
Return for Risk
ASIAX vs. INDAX — Risk / Return Rank
ASIAX
INDAX
ASIAX vs. INDAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Asia Pacific Equity Fund (ASIAX) and ALPS/Kotak India ESG Fund (INDAX). 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.
| ASIAX | INDAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.71 | -0.74 | +2.45 |
Sortino ratioReturn per unit of downside risk | 2.32 | -0.96 | +3.27 |
Omega ratioGain probability vs. loss probability | 1.33 | 0.89 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 2.19 | -0.51 | +2.70 |
Martin ratioReturn relative to average drawdown | 8.81 | -1.76 | +10.56 |
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
| ASIAX | INDAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.71 | -0.74 | +2.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | 0.15 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.43 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.35 | +0.12 |
Correlation
The correlation between ASIAX and INDAX is 0.50, 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.
Dividends
ASIAX vs. INDAX - Dividend Comparison
ASIAX's dividend yield for the trailing twelve months is around 21.34%, more than INDAX's 6.72% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 21.34% | 21.41% | 8.68% | 2.84% | 7.25% | 7.71% | 7.37% | 5.67% | 7.17% | 7.91% | 1.09% | 3.15% |
INDAX ALPS/Kotak India ESG Fund | 6.72% | 5.62% | 16.14% | 4.43% | 1.65% | 5.48% | 0.00% | 1.30% | 6.55% | 2.79% | 1.32% | 15.14% |
Drawdowns
ASIAX vs. INDAX - Drawdown Comparison
The maximum ASIAX drawdown since its inception was -63.78%, which is greater than INDAX's maximum drawdown of -43.98%. Use the drawdown chart below to compare losses from any high point for ASIAX and INDAX.
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Drawdown Indicators
| ASIAX | INDAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.78% | -43.98% | -19.80% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -20.85% | +9.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.40% | -23.49% | -8.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.32% | -43.98% | +7.66% |
Current DrawdownCurrent decline from peak | -9.56% | -22.15% | +12.59% |
Average DrawdownAverage peak-to-trough decline | -15.17% | -10.68% | -4.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 6.05% | -3.13% |
Volatility
ASIAX vs. INDAX - Volatility Comparison
Invesco EQV Asia Pacific Equity Fund (ASIAX) has a higher volatility of 7.36% compared to ALPS/Kotak India ESG Fund (INDAX) at 6.53%. This indicates that ASIAX's price experiences larger fluctuations and is considered to be riskier than INDAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIAX | INDAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 6.53% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 10.43% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.67% | 14.73% | +1.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.69% | 14.99% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.04% | 16.75% | -1.71% |