MINDX vs. WAINX
MINDX (Matthews India Fund) and WAINX (Wasatch Emerging India Fund) are both India Equities funds. Over the past 10 years, MINDX returned 5.61%/yr vs 9.07%/yr for WAINX. Their correlation of 0.83 means they have usually moved in the same direction. MINDX charges 1.15%/yr vs 1.51%/yr for WAINX.
Performance
MINDX vs. WAINX - Performance Comparison
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Returns By Period
In the year-to-date period, MINDX achieves a -6.86% return, which is significantly lower than WAINX's 0.48% return. Over the past 10 years, MINDX has underperformed WAINX with an annualized return of 5.61%, while WAINX has yielded a comparatively higher 9.07% annualized return.
MINDX
- 1D
- 0.58%
- 1M
- 0.81%
- 6M
- -0.58%
- YTD
- -6.86%
- 1Y
- -2.79%
- 3Y*
- 4.17%
- 5Y*
- 3.91%
- 10Y*
- 5.61%
- ALL TIME*
- 9.22%
WAINX
- 1D
- 0.00%
- 1M
- 0.24%
- 6M
- 10.29%
- YTD
- 0.48%
- 1Y
- -2.65%
- 3Y*
- 5.04%
- 5Y*
- 2.72%
- 10Y*
- 9.07%
- ALL TIME*
- 9.58%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MINDX Matthews India Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
MINDX vs. WAINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MINDX Matthews India Fund | -6.86% | 1.61% | 9.99% | 23.14% | -9.87% | 17.87% | 16.46% | -0.79% | -9.80% | 33.76% |
WAINX Wasatch Emerging India Fund | 0.48% | -5.33% | 9.23% | 20.90% | -21.77% | 37.56% | 17.63% | 13.78% | -5.45% | 53.39% |
Correlation
The correlation between MINDX and WAINX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2011 | 0.83 |
The correlation between MINDX and WAINX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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Return for Risk
MINDX vs. WAINX — Risk / Return Rank
MINDX
WAINX
MINDX vs. WAINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews India Fund (MINDX) and Wasatch Emerging India Fund (WAINX). 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 | WAINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.98 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.15 | +0.01 |
| Martin ratioReturn relative to average drawdown | -0.31 | -0.36 | +0.05 |
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Drawdowns
MINDX vs. WAINX - Drawdown Comparison
The maximum MINDX drawdown since its inception was -72.18%, which is greater than WAINX's maximum drawdown of -41.34%. Use the drawdown chart below to compare losses from any high point for MINDX and WAINX.
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Drawdown Indicators
| MINDX | WAINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.18% | -41.34% | -30.84% |
Max Drawdown (1Y)Largest decline over 1 year | -21.96% | -25.11% | +3.15% |
Max Drawdown (3Y)Largest decline over 3 years | -26.51% | -31.01% | +4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.51% | -31.01% | +4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -48.46% | -41.34% | -7.12% |
Current DrawdownCurrent decline from peak | -14.94% | -13.14% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -9.37% | -5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 10.66% | -0.85% |
Volatility
MINDX vs. WAINX - Volatility Comparison
The current volatility for Matthews India Fund (MINDX) is 4.94%, while Wasatch Emerging India Fund (WAINX) has a volatility of 5.72%. This indicates that MINDX experiences smaller price fluctuations and is considered to be less risky than WAINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINDX | WAINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 5.72% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 14.49% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.29% | 17.41% | -1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.09% | 17.43% | -1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 19.09% | -1.58% |
MINDX vs. WAINX - Expense Ratio Comparison
MINDX has a 1.15% expense ratio, which is lower than WAINX's 1.51% expense ratio.
Dividends
MINDX vs. WAINX - Dividend Comparison
MINDX's dividend yield for the trailing twelve months is around 7.26%, less than WAINX's 29.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINDX Matthews India Fund | 7.26% | 6.76% | 15.03% | 3.07% | 15.30% | 9.87% | 3.03% | 12.04% | 16.50% | 0.00% | 0.00% | 0.99% |
WAINX Wasatch Emerging India Fund | 29.03% | 29.17% | 20.19% | 4.23% | 1.15% | 4.29% | 0.00% | 0.32% | 6.95% | 2.91% | 1.06% | 1.40% |
Frequently Asked Questions
MINDX and WAINX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAINX has higher volatility (5.72%) compared to MINDX (4.94%). In terms of maximum drawdown, MINDX dropped -72.18% vs WAINX's -41.34%.
MINDX currently has the higher Sharpe Ratio (-0.19 vs -0.22), 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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