MINDX vs. VMO

Last updated Apr 2, 2026

Compare and contrast key facts about Matthews India Fund (MINDX) and Invesco Municipal Opportunity Trust (VMO).

MINDX is managed by Matthews. It was launched on Oct 30, 2005.

Performance

MINDX vs. VMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews India Fund (MINDX) and Invesco Municipal Opportunity Trust (VMO). The values are adjusted to include any dividend payments, if applicable.

MINDX vs. VMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MINDX Matthews India Fund	-18.11%	1.61%	9.99%	23.14%	-9.87%	17.87%	16.46%	-0.79%	-9.80%	33.76%
VMO Invesco Municipal Opportunity Trust	1.72%	6.57%	7.73%	1.54%	-24.29%	12.95%	8.89%	16.23%	-4.54%	3.05%

Returns By Period

In the year-to-date period, MINDX achieves a -18.11% return, which is significantly lower than VMO's 1.72% return. Over the past 10 years, MINDX has outperformed VMO with an annualized return of 5.29%, while VMO has yielded a comparatively lower 1.84% annualized return.

MINDX

• 1D: 1.76%
• 1M: -10.65%
• YTD: -18.11%
• 6M: -15.90%
• 1Y: -10.21%
• 3Y*: 4.55%
• 5Y*: 2.83%
• 10Y*: 5.29%

VMO

• 1D: 0.42%
• 1M: -3.79%
• YTD: 1.72%
• 6M: 2.53%
• 1Y: 8.33%
• 3Y*: 5.79%
• 5Y*: -0.59%
• 10Y*: 1.84%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MINDX vs. VMO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MINDX

MINDX Risk / Return Rank: 1
MINDX Sharpe Ratio Rank: 1
MINDX Sortino Ratio Rank: 1
MINDX Omega Ratio Rank: 1
MINDX Calmar Ratio Rank: 2
MINDX Martin Ratio Rank: 1

VMO

VMO Risk / Return Rank: 66
VMO Sharpe Ratio Rank: 69
VMO Sortino Ratio Rank: 61
VMO Omega Ratio Rank: 60
VMO Calmar Ratio Rank: 68
VMO Martin Ratio Rank: 72

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MINDX vs. VMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews India Fund (MINDX) and Invesco Municipal Opportunity Trust (VMO). 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.

	MINDX	VMO	Difference
Sharpe ratio Return per unit of total volatility	-0.73	0.84	-1.57
Sortino ratio Return per unit of downside risk	-0.96	1.25	-2.21
Omega ratio Gain probability vs. loss probability	0.89	1.16	-0.27
Calmar ratio Return relative to maximum drawdown	-0.46	1.35	-1.82
Martin ratio Return relative to average drawdown	-1.73	4.14	-5.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MINDX vs. VMO - Sharpe Ratio Comparison

The current MINDX Sharpe Ratio is -0.73, which is lower than the VMO Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of MINDX and VMO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MINDX	VMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.73	0.84	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	-0.05	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.15	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.26	+0.13

Correlation

The correlation between MINDX and VMO is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MINDX vs. VMO - Dividend Comparison

MINDX's dividend yield for the trailing twelve months is around 8.26%, more than VMO's 7.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MINDX Matthews India Fund	8.26%	6.76%	15.03%	3.07%	15.30%	9.87%	3.03%	12.04%	16.50%	0.00%	0.00%	0.99%
VMO Invesco Municipal Opportunity Trust	7.85%	7.84%	6.44%	4.47%	5.69%	4.64%	4.66%	4.94%	5.95%	5.98%	6.73%	6.33%

Drawdowns

MINDX vs. VMO - Drawdown Comparison

The maximum MINDX drawdown since its inception was -72.18%, which is greater than VMO's maximum drawdown of -50.11%. Use the drawdown chart below to compare losses from any high point for MINDX and VMO.

Drawdown Indicators

	MINDX	VMO	Difference
Max Drawdown Largest peak-to-trough decline	-72.18%	-50.11%	-22.07%
Max Drawdown (1Y) Largest decline over 1 year	-21.96%	-6.59%	-15.37%
Max Drawdown (5Y) Largest decline over 5 years	-26.51%	-37.70%	+11.19%
Max Drawdown (10Y) Largest decline over 10 years	-48.46%	-37.70%	-10.76%
Current Drawdown Current decline from peak	-25.22%	-10.60%	-14.62%
Average Drawdown Average peak-to-trough decline	-14.90%	-9.88%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.89%	2.15%	+3.74%

Volatility

MINDX vs. VMO - Volatility Comparison

Matthews India Fund (MINDX) has a higher volatility of 6.68% compared to Invesco Municipal Opportunity Trust (VMO) at 4.02%. This indicates that MINDX's price experiences larger fluctuations and is considered to be riskier than VMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MINDX	VMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.68%	4.02%	+2.66%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	6.07%	+4.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.74%	10.01%	+5.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.80%	11.43%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.28%	12.65%	+4.63%