MINDX vs. VMO
MINDX (Matthews India Fund) is Asia Pacific Equities fund managed by Matthews, while VMO (Invesco Municipal Opportunity Trust) is a stock. Over the past 10 years, MINDX returned 6.15%/yr vs 1.75%/yr for VMO. At a 0.15 correlation, their price movements are largely independent.
Performance
MINDX vs. VMO - Performance Comparison
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Returns By Period
In the year-to-date period, MINDX achieves a -9.35% return, which is significantly lower than VMO's 7.17% return. Over the past 10 years, MINDX has outperformed VMO with an annualized return of 6.15%, while VMO has yielded a comparatively lower 1.75% 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%
VMO
- 1D
- 0.71%
- 1M
- 4.13%
- YTD
- 7.17%
- 6M
- 7.40%
- 1Y
- 17.51%
- 3Y*
- 8.79%
- 5Y*
- -0.34%
- 10Y*
- 1.75%
MINDX vs. VMO - 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% |
VMO Invesco Municipal Opportunity Trust | 7.17% | 6.57% | 7.73% | 1.54% | -24.29% | 12.95% | 8.89% | 16.23% | -4.54% | 3.05% |
Correlation
The correlation between MINDX and VMO 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2005 | 0.15 |
The correlation between MINDX and VMO shifts across timeframes, from 0.15 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MINDX vs. VMO — Risk / Return Rank
MINDX
VMO
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.
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 | VMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.37 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | 2.67 | -2.97 |
| Martin ratioReturn relative to average drawdown | -0.70 | 10.23 | -10.93 |
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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.
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Drawdown Indicators
| MINDX | VMO | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (3Y)Largest decline over 3 years | -26.51% | -16.51% | -10.00% |
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 DrawdownCurrent decline from peak | -17.21% | -5.81% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -9.86% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 1.72% | +7.46% |
Volatility
MINDX vs. VMO - Volatility Comparison
Matthews India Fund (MINDX) has a higher volatility of 4.81% compared to Invesco Municipal Opportunity Trust (VMO) at 2.84%. 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.
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Volatility by Period
| MINDX | VMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.81% | 2.84% | +1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 7.02% | +6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.96% | 8.98% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.98% | 11.56% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 12.69% | +4.78% |
Dividends
MINDX vs. VMO - Dividend Comparison
MINDX's dividend yield for the trailing twelve months is around 7.46%, less than VMO's 7.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VMO Invesco Municipal Opportunity Trust | 7.60% | 7.84% | 6.44% | 4.47% | 5.69% | 4.64% | 4.66% | 4.94% | 5.95% | 5.98% | 6.73% | 6.33% |
Frequently Asked Questions
MINDX and VMO 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.
MINDX has higher volatility (4.81%) compared to VMO (2.84%). In terms of maximum drawdown, MINDX dropped -72.18% vs VMO's -50.11%.
VMO currently has the higher Sharpe Ratio (1.96 vs -0.41), 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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