ETGIX vs. MINDX
ETGIX (Eaton Vance Greater India Fund) and MINDX (Matthews India Fund) are both Asia Pacific Equities funds. Over the past 10 years, ETGIX returned 7.68%/yr vs 6.25%/yr for MINDX. Their correlation of 0.92 suggests significant overlap in exposure. ETGIX charges 1.57%/yr vs 1.15%/yr for MINDX.
Performance
ETGIX vs. MINDX - Performance Comparison
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Returns By Period
In the year-to-date period, ETGIX achieves a -9.52% return, which is significantly lower than MINDX's -8.48% return. Over the past 10 years, ETGIX has outperformed MINDX with an annualized return of 7.68%, while MINDX has yielded a comparatively lower 6.25% annualized return.
ETGIX
- 1D
- 0.52%
- 1M
- 2.92%
- YTD
- -9.52%
- 6M
- -10.18%
- 1Y
- -10.98%
- 3Y*
- 6.58%
- 5Y*
- 2.93%
- 10Y*
- 7.68%
MINDX
- 1D
- 0.50%
- 1M
- 5.31%
- YTD
- -8.48%
- 6M
- -9.12%
- 1Y
- -5.44%
- 3Y*
- 5.12%
- 5Y*
- 4.07%
- 10Y*
- 6.25%
ETGIX vs. MINDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | -9.52% | -2.06% | 17.55% | 20.60% | -19.86% | 25.74% | 17.64% | 10.52% | -12.14% | 44.79% |
MINDX Matthews India Fund | -8.48% | 1.61% | 9.99% | 23.14% | -9.87% | 17.87% | 16.46% | -0.79% | -9.80% | 33.76% |
Correlation
The correlation between ETGIX and MINDX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2005 | 0.92 |
The correlation between ETGIX and MINDX has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.
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Return for Risk
ETGIX vs. MINDX — Risk / Return Rank
ETGIX
MINDX
ETGIX vs. MINDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Greater India Fund (ETGIX) 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.
| ETGIX | MINDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.95 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.25 | -0.24 |
| Martin ratioReturn relative to average drawdown | -1.05 | -0.59 | -0.46 |
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Drawdowns
ETGIX vs. MINDX - Drawdown Comparison
The maximum ETGIX drawdown since its inception was -73.62%, roughly equal to the maximum MINDX drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for ETGIX and MINDX.
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Drawdown Indicators
| ETGIX | MINDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.62% | -72.18% | -1.44% |
Max Drawdown (1Y)Largest decline over 1 year | -22.03% | -21.96% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -27.22% | -26.51% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -26.51% | -3.33% |
Max Drawdown (10Y)Largest decline over 10 years | -42.71% | -48.46% | +5.75% |
Current DrawdownCurrent decline from peak | -19.76% | -16.42% | -3.34% |
Average DrawdownAverage peak-to-trough decline | -26.85% | -14.95% | -11.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | 9.15% | +1.07% |
Volatility
ETGIX vs. MINDX - Volatility Comparison
The current volatility for Eaton Vance Greater India Fund (ETGIX) is 3.51%, while Matthews India Fund (MINDX) has a volatility of 4.65%. This indicates that ETGIX experiences smaller price fluctuations and is considered to be less risky 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
| ETGIX | MINDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 4.65% | -1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.29% | 13.54% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.14% | 15.97% | -1.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 15.98% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.65% | 17.48% | +0.17% |
ETGIX vs. MINDX - Expense Ratio Comparison
ETGIX has a 1.57% expense ratio, which is higher than MINDX's 1.15% expense ratio.
Dividends
ETGIX vs. MINDX - Dividend Comparison
ETGIX's dividend yield for the trailing twelve months is around 15.99%, more than MINDX's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETGIX Eaton Vance Greater India Fund | 15.99% | 14.47% | 4.07% | 4.85% | 21.62% | 8.60% | 0.24% | 2.79% | 1.17% | 3.32% | 0.56% | 0.79% |
MINDX Matthews India Fund | 7.39% | 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
With a correlation of 0.92, ETGIX and MINDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MINDX has higher volatility (4.65%) compared to ETGIX (3.51%). In terms of maximum drawdown, ETGIX dropped -73.62% vs MINDX's -72.18%.
MINDX currently has the higher Sharpe Ratio (-0.34 vs -0.76), 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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