MINDX vs. FAS.L
MINDX (Matthews India Fund) is Asia Pacific Equities fund managed by Matthews, while FAS.L (Fidelity Asian Values) is a stock. Over the past 10 years, MINDX returned 6.15%/yr vs 9.73%/yr for FAS.L. At a 0.32 correlation, their price movements are largely independent.
Performance
MINDX vs. FAS.L - Performance Comparison
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Different Trading Currencies
MINDX is traded in USD, while FAS.L is traded in GBp. To make them comparable, the FAS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MINDX achieves a -9.35% return, which is significantly lower than FAS.L's -6.44% return. Over the past 10 years, MINDX has underperformed FAS.L with an annualized return of 6.15%, while FAS.L has yielded a comparatively higher 9.73% annualized return.
MINDX
- 1D
- -0.95%
- 1M
- 4.30%
- YTD
- -9.35%
- 6M
- -9.42%
- 1Y
- -7.53%
- 3Y*
- 4.79%
- 5Y*
- 3.67%
- 10Y*
- 6.15%
FAS.L
- 1D
- -0.65%
- 1M
- -5.56%
- YTD
- -6.44%
- 6M
- -6.13%
- 1Y
- 8.73%
- 3Y*
- 8.26%
- 5Y*
- 5.17%
- 10Y*
- 9.73%
MINDX vs. FAS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINDX Matthews India Fund | -9.35% | 1.61% | 9.99% | 23.14% | -9.87% | 17.87% | 16.46% | -0.79% | -9.80% | 33.76% |
FAS.L Fidelity Asian Values | -6.44% | 31.47% | -0.78% | 12.82% | -1.37% | 12.47% | 7.10% | 6.31% | -0.08% | 25.36% |
Correlation
The correlation between MINDX and FAS.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2007 | 0.32 |
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Return for Risk
MINDX vs. FAS.L — Risk / Return Rank
MINDX
FAS.L
MINDX vs. FAS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews India Fund (MINDX) and Fidelity Asian Values (FAS.L). 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.
| MINDX | FAS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.10 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 0.51 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.70 | 1.49 | -2.19 |
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Drawdowns
MINDX vs. FAS.L - Drawdown Comparison
The maximum MINDX drawdown since its inception was -72.18%, roughly equal to the maximum FAS.L drawdown of -69.03%. Use the drawdown chart below to compare losses from any high point for MINDX and FAS.L.
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Drawdown Indicators
| MINDX | FAS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -69.03% | -3.15% |
Max Drawdown (1Y)Largest decline over 1 year | -21.96% | -17.17% | -4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -26.51% | -17.17% | -9.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.51% | -29.06% | +2.55% |
Max Drawdown (10Y)Largest decline over 10 years | -48.46% | -49.28% | +0.82% |
Current DrawdownCurrent decline from peak | -17.21% | -17.17% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -12.30% | -2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 5.84% | +3.34% |
Volatility
MINDX vs. FAS.L - Volatility Comparison
The current volatility for Matthews India Fund (MINDX) is 4.81%, while Fidelity Asian Values (FAS.L) has a volatility of 6.97%. This indicates that MINDX experiences smaller price fluctuations and is considered to be less risky than FAS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINDX | FAS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 6.97% | -2.16% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 15.80% | -2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 18.08% | -2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 18.96% | -2.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 20.70% | -3.23% |
Dividends
MINDX vs. FAS.L - Dividend Comparison
MINDX's dividend yield for the trailing twelve months is around 7.46%, more than FAS.L's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAS.L Fidelity Asian Values | 3.60% | 3.44% | 2.88% | 2.82% | 2.83% | 1.90% | 2.05% | 2.15% | 1.34% | 1.28% | 1.30% | 0.90% |
MINDX Matthews India Fund | 7.46% | 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
MINDX and FAS.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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