MINDX vs. INDA
Compare and contrast key facts about Matthews India Fund (MINDX) and iShares MSCI India ETF (INDA).
MINDX is managed by Matthews Asia Funds. It was launched on Oct 30, 2005. INDA is a passively managed fund by iShares that tracks the performance of the MSCI India Index. It was launched on Feb 2, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINDX or INDA.
Key characteristics
| MINDX | INDA | |
|---|---|---|
| YTD Return | 5.35% | 6.35% |
| 1Y Return | 25.35% | 25.23% |
| 3Y Return (Ann) | 9.80% | 9.04% |
| 5Y Return (Ann) | 9.93% | 10.90% |
| 10Y Return (Ann) | 10.18% | 8.11% |
| Sharpe Ratio | 2.19 | 2.34 |
| Daily Std Dev | 12.07% | 10.96% |
| Max Drawdown | -72.18% | -45.06% |
| Current Drawdown | -2.46% | -2.02% |
Correlation
The correlation between MINDX and INDA is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
MINDX vs. INDA - Performance Comparison
In the year-to-date period, MINDX achieves a 5.35% return, which is significantly lower than INDA's 6.35% return. Over the past 10 years, MINDX has outperformed INDA with an annualized return of 10.18%, while INDA has yielded a comparatively lower 8.11% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MINDX vs. INDA - Expense Ratio Comparison
MINDX has a 1.15% expense ratio, which is higher than INDA's 0.69% expense ratio.
Risk-Adjusted Performance
MINDX vs. INDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews India Fund (MINDX) and iShares MSCI India ETF (INDA). 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.
Dividends
MINDX vs. INDA - Dividend Comparison
MINDX's dividend yield for the trailing twelve months is around 2.92%, more than INDA's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINDX Matthews India Fund | 2.92% | 3.07% | 15.30% | 10.02% | 3.03% | 12.04% | 16.50% | 0.00% | 0.00% | 0.99% | 0.72% | 1.20% |
INDA iShares MSCI India ETF | 0.15% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% | 0.63% | 0.40% |
Drawdowns
MINDX vs. INDA - Drawdown Comparison
The maximum MINDX drawdown since its inception was -72.18%, which is greater than INDA's maximum drawdown of -45.06%. Use the drawdown chart below to compare losses from any high point for MINDX and INDA. For additional features, visit the drawdowns tool.
Volatility
MINDX vs. INDA - Volatility Comparison
Matthews India Fund (MINDX) has a higher volatility of 3.37% compared to iShares MSCI India ETF (INDA) at 2.80%. This indicates that MINDX's price experiences larger fluctuations and is considered to be riskier than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.