MAPTX vs. MINDX
MAPTX (Matthews Pacific Tiger Fund) and MINDX (Matthews India Fund) are both Asia Pacific Equities funds from Matthews. Over the past 10 years, MAPTX returned 7.36%/yr vs 6.25%/yr for MINDX. A 0.62 correlation means they provide meaningful diversification when combined. MAPTX charges 1.09%/yr vs 1.15%/yr for MINDX.
Performance
MAPTX vs. MINDX - Performance Comparison
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Returns By Period
In the year-to-date period, MAPTX achieves a 38.53% return, which is significantly higher than MINDX's -8.48% return. Over the past 10 years, MAPTX has outperformed MINDX with an annualized return of 7.36%, while MINDX has yielded a comparatively lower 6.25% annualized return.
MAPTX
- 1D
- 0.84%
- 1M
- 9.12%
- YTD
- 38.53%
- 6M
- 40.60%
- 1Y
- 68.37%
- 3Y*
- 21.81%
- 5Y*
- 2.00%
- 10Y*
- 7.36%
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%
MAPTX vs. MINDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAPTX Matthews Pacific Tiger Fund | 38.53% | 30.07% | 3.25% | -4.82% | -20.69% | -17.92% | 28.88% | 10.75% | -11.05% | 39.94% |
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 MAPTX and MINDX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2005 | 0.62 |
Over the past year, the correlation between MAPTX and MINDX has dropped to 0.38 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
MAPTX vs. MINDX — Risk / Return Rank
MAPTX
MINDX
MAPTX vs. MINDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Fund (MAPTX) 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.
| MAPTX | MINDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.57 | ||
| Sortino ratioReturn per unit of downside risk | +4.19 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 0.95 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 5.12 | -0.25 | +5.36 |
| Martin ratioReturn relative to average drawdown | 18.58 | -0.59 | +19.17 |
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Drawdowns
MAPTX vs. MINDX - Drawdown Comparison
The maximum MAPTX drawdown since its inception was -69.79%, roughly equal to the maximum MINDX drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for MAPTX and MINDX.
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Drawdown Indicators
| MAPTX | MINDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.79% | -72.18% | +2.39% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -21.96% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -22.23% | -26.51% | +4.28% |
Max Drawdown (5Y)Largest decline over 5 years | -48.55% | -26.51% | -22.04% |
Max Drawdown (10Y)Largest decline over 10 years | -52.31% | -48.46% | -3.85% |
Current DrawdownCurrent decline from peak | 0.00% | -16.42% | +16.42% |
Average DrawdownAverage peak-to-trough decline | -17.42% | -14.95% | -2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 9.15% | -5.34% |
Volatility
MAPTX vs. MINDX - Volatility Comparison
Matthews Pacific Tiger Fund (MAPTX) has a higher volatility of 12.64% compared to Matthews India Fund (MINDX) at 4.65%. This indicates that MAPTX'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
| MAPTX | MINDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.64% | 4.65% | +7.99% |
Volatility (6M)Calculated over the trailing 6-month period | 20.22% | 13.54% | +6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.31% | 15.97% | +6.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.59% | 15.98% | +4.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 17.48% | +1.05% |
MAPTX vs. MINDX - Expense Ratio Comparison
MAPTX has a 1.09% expense ratio, which is lower than MINDX's 1.15% expense ratio.
Dividends
MAPTX vs. MINDX - Dividend Comparison
MAPTX's dividend yield for the trailing twelve months is around 1.68%, less than MINDX's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAPTX Matthews Pacific Tiger Fund | 1.68% | 2.33% | 8.93% | 2.93% | 8.52% | 4.85% | 5.74% | 3.44% | 4.78% | 1.25% | 2.61% | 11.18% |
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
MAPTX and MINDX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAPTX has higher volatility (12.64%) compared to MINDX (4.65%). In terms of maximum drawdown, MAPTX dropped -69.79% vs MINDX's -72.18%.
MAPTX currently has the higher Sharpe Ratio (3.22 vs -0.34), 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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