MINDX vs. PIN
Compare and contrast key facts about Matthews India Fund (MINDX) and Invesco India ETF (PIN).
MINDX is managed by Matthews Asia Funds. It was launched on Oct 30, 2005. PIN is a passively managed fund by Invesco that tracks the performance of the FTSE India Quality and Yield Select Net Tax (US RIC) Index. It was launched on Mar 5, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MINDX or PIN.
Key characteristics
| MINDX | PIN | |
|---|---|---|
| YTD Return | 11.83% | 11.80% |
| 1Y Return | 19.58% | 25.89% |
| 3Y Return (Ann) | -2.61% | 6.72% |
| 5Y Return (Ann) | 2.86% | 13.17% |
| 10Y Return (Ann) | 1.49% | 7.93% |
| Sharpe Ratio | 1.20 | 1.66 |
| Sortino Ratio | 1.59 | 2.15 |
| Omega Ratio | 1.25 | 1.31 |
| Calmar Ratio | 0.66 | 3.04 |
| Martin Ratio | 7.71 | 10.18 |
| Ulcer Index | 2.50% | 2.45% |
| Daily Std Dev | 16.06% | 15.04% |
| Max Drawdown | -74.48% | -64.54% |
| Current Drawdown | -15.17% | -8.00% |
Correlation
The correlation between MINDX and PIN is 0.78, 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. PIN - Performance Comparison
The year-to-date returns for both stocks are quite close, with MINDX having a 11.83% return and PIN slightly lower at 11.80%. Over the past 10 years, MINDX has underperformed PIN with an annualized return of 1.49%, while PIN has yielded a comparatively higher 7.93% 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. PIN - Expense Ratio Comparison
MINDX has a 1.15% expense ratio, which is higher than PIN's 0.78% expense ratio.
Risk-Adjusted Performance
MINDX vs. PIN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews India Fund (MINDX) and Invesco India ETF (PIN). 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. PIN - Dividend Comparison
MINDX's dividend yield for the trailing twelve months is around 1.71%, more than PIN's 1.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINDX Matthews India Fund | 1.71% | 1.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.10% | 0.17% | 1.11% |
PIN Invesco India ETF | 1.49% | 2.08% | 14.07% | 6.95% | 0.72% | 27.85% | 0.96% | 1.01% | 1.18% | 0.60% | 0.99% | 0.48% |
Drawdowns
MINDX vs. PIN - Drawdown Comparison
The maximum MINDX drawdown since its inception was -74.48%, which is greater than PIN's maximum drawdown of -64.54%. Use the drawdown chart below to compare losses from any high point for MINDX and PIN. For additional features, visit the drawdowns tool.
Volatility
MINDX vs. PIN - Volatility Comparison
Matthews India Fund (MINDX) has a higher volatility of 4.42% compared to Invesco India ETF (PIN) at 3.46%. This indicates that MINDX's price experiences larger fluctuations and is considered to be riskier than PIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.