ASIAX vs. MINDX
ASIAX (Invesco EQV Asia Pacific Equity Fund) and MINDX (Matthews India Fund) are both mutual funds - ASIAX is a Asia Pacific Equities fund managed by Invesco, while MINDX is a India Equities fund managed by Matthews. Over the past 10 years, ASIAX returned 7.63%/yr vs 5.61%/yr for MINDX. Their 0.54 correlation means they have sometimes moved together and sometimes differently. ASIAX charges 1.45%/yr vs 1.15%/yr for MINDX.
Performance
ASIAX vs. MINDX - Performance Comparison
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Returns By Period
In the year-to-date period, ASIAX achieves a 12.98% return, which is significantly higher than MINDX's -6.86% return. Over the past 10 years, ASIAX has outperformed MINDX with an annualized return of 7.63%, while MINDX has yielded a comparatively lower 5.61% annualized return.
ASIAX
- 1D
- 3.01%
- 1M
- 2.27%
- 6M
- 6.06%
- YTD
- 12.98%
- 1Y
- 32.63%
- 3Y*
- 13.64%
- 5Y*
- 6.71%
- 10Y*
- 7.63%
- ALL TIME*
- 8.58%
MINDX
- 1D
- 0.58%
- 1M
- 0.81%
- 6M
- -0.58%
- YTD
- -6.86%
- 1Y
- -2.79%
- 3Y*
- 4.17%
- 5Y*
- 3.91%
- 10Y*
- 5.61%
- ALL TIME*
- 9.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
MINDX Matthews India Fund | $0.00 | $0.00 | $0.00 |
ASIAX vs. MINDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 12.98% | 24.56% | 9.59% | 0.87% | -10.82% | -6.10% | 25.76% | 17.78% | -11.50% | 29.13% |
MINDX Matthews India Fund | -6.86% | 1.61% | 9.99% | 23.14% | -9.87% | 17.87% | 16.46% | -0.79% | -9.80% | 33.76% |
Correlation
The correlation between ASIAX and MINDX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2005 | 0.54 |
Over the past year, the correlation between ASIAX and MINDX has dropped to 0.31 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
ASIAX vs. MINDX — Risk / Return Rank
ASIAX
MINDX
ASIAX vs. MINDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV Asia Pacific Equity Fund (ASIAX) and Matthews India Fund (MINDX). 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.
| ASIAX | MINDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.98 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.50 | -0.14 | +2.64 |
| Martin ratioReturn relative to average drawdown | 7.48 | -0.31 | +7.79 |
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Drawdowns
ASIAX vs. MINDX - Drawdown Comparison
The maximum ASIAX drawdown since its inception was -63.78%, smaller than the maximum MINDX drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for ASIAX and MINDX.
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Drawdown Indicators
| ASIAX | MINDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.78% | -72.18% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.73% | -21.96% | +10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -20.36% | -26.51% | +6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -27.93% | -26.51% | -1.42% |
Max Drawdown (10Y)Largest decline over 10 years | -36.32% | -48.46% | +12.14% |
Current DrawdownCurrent decline from peak | -6.02% | -14.94% | +8.92% |
Average DrawdownAverage peak-to-trough decline | -15.05% | -14.96% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.91% | 9.81% | -5.90% |
Volatility
ASIAX vs. MINDX - Volatility Comparison
Invesco EQV Asia Pacific Equity Fund (ASIAX) has a higher volatility of 6.32% compared to Matthews India Fund (MINDX) at 4.94%. This indicates that ASIAX's price experiences larger fluctuations and is considered to be riskier than MINDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIAX | MINDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.32% | 4.94% | +1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 13.60% | +2.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.57% | 16.29% | +2.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.60% | 16.09% | -0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.52% | 17.51% | -1.99% |
ASIAX vs. MINDX - Expense Ratio Comparison
ASIAX has a 1.45% expense ratio, which is higher than MINDX's 1.15% expense ratio.
Dividends
ASIAX vs. MINDX - Dividend Comparison
ASIAX's dividend yield for the trailing twelve months is around 18.95%, more than MINDX's 7.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIAX Invesco EQV Asia Pacific Equity Fund | 18.95% | 21.41% | 8.68% | 2.84% | 7.25% | 7.71% | 7.37% | 5.67% | 7.17% | 7.91% | 1.09% | 3.15% |
MINDX Matthews India Fund | 7.26% | 6.76% | 15.03% | 3.07% | 15.30% | 9.87% | 3.03% | 12.04% | 16.50% | 0.00% | 0.00% | 0.99% |
Frequently Asked Questions
ASIAX and MINDX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASIAX has higher volatility (6.32%) compared to MINDX (4.94%). In terms of maximum drawdown, ASIAX dropped -63.78% vs MINDX's -72.18%.
ASIAX currently has the higher Sharpe Ratio (1.58 vs -0.19), 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.
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