PRASX vs. MINDX
PRASX (T. Rowe Price New Asia Fund) and MINDX (Matthews India Fund) are both mutual funds - PRASX is a Asia Pacific Equities fund managed by T. Rowe Price, while MINDX is a India Equities fund managed by Matthews. Over the past 10 years, PRASX returned 8.00%/yr vs 5.61%/yr for MINDX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. PRASX charges 0.99%/yr vs 1.15%/yr for MINDX.
Performance
PRASX vs. MINDX - Performance Comparison
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Returns By Period
In the year-to-date period, PRASX achieves a 16.00% return, which is significantly higher than MINDX's -6.86% return. Over the past 10 years, PRASX has outperformed MINDX with an annualized return of 8.00%, while MINDX has yielded a comparatively lower 5.61% annualized return.
PRASX
- 1D
- 4.13%
- 1M
- -4.46%
- 6M
- 9.16%
- YTD
- 16.00%
- 1Y
- 33.18%
- 3Y*
- 14.21%
- 5Y*
- 3.53%
- 10Y*
- 8.00%
- ALL TIME*
- 8.68%
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%
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 |
PRASX vs. MINDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PRASX T. Rowe Price New Asia Fund | 16.00% | 26.60% | 6.97% | 0.83% | -22.60% | -4.33% | 29.56% | 26.75% | -15.13% | 40.64% |
MINDX Matthews India Fund | -6.86% | 1.61% | 9.99% | 23.14% | -9.87% | 17.87% | 16.46% | -0.79% | -9.80% | 33.76% |
Correlation
The correlation between PRASX and MINDX is 0.33, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.33 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2005 | 0.62 |
Over the past year, the correlation between PRASX and MINDX has dropped to 0.33 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
PRASX vs. MINDX — Risk / Return Rank
PRASX
MINDX
PRASX vs. MINDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Asia Fund (PRASX) and Matthews India Fund (MINDX). 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.
| PRASX | MINDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.98 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | -0.14 | +2.04 |
| Martin ratioReturn relative to average drawdown | 6.26 | -0.31 | +6.57 |
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Drawdowns
PRASX vs. MINDX - Drawdown Comparison
The maximum PRASX drawdown since its inception was -70.53%, roughly equal to the maximum MINDX drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for PRASX and MINDX.
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Drawdown Indicators
| PRASX | MINDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.53% | -72.18% | +1.65% |
Max Drawdown (1Y)Largest decline over 1 year | -15.91% | -21.96% | +6.05% |
Max Drawdown (3Y)Largest decline over 3 years | -18.34% | -26.51% | +8.17% |
Max Drawdown (5Y)Largest decline over 5 years | -39.37% | -26.51% | -12.86% |
Max Drawdown (10Y)Largest decline over 10 years | -45.07% | -48.46% | +3.39% |
Current DrawdownCurrent decline from peak | -12.44% | -14.94% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -18.47% | -14.96% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.82% | 9.81% | -4.99% |
Volatility
PRASX vs. MINDX - Volatility Comparison
T. Rowe Price New Asia Fund (PRASX) has a higher volatility of 11.21% compared to Matthews India Fund (MINDX) at 4.94%. This indicates that PRASX's price experiences larger fluctuations and is considered to be riskier than MINDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PRASX | MINDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.21% | 4.94% | +6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 23.11% | 13.60% | +9.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.28% | 16.29% | +8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 16.09% | +4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 17.51% | +1.45% |
PRASX vs. MINDX - Expense Ratio Comparison
PRASX has a 0.99% expense ratio, which is lower than MINDX's 1.15% expense ratio.
Dividends
PRASX vs. MINDX - Dividend Comparison
PRASX's dividend yield for the trailing twelve months is around 0.54%, less than MINDX's 7.26% 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% |
PRASX T. Rowe Price New Asia Fund | 0.54% | 0.62% | 1.05% | 1.77% | 1.96% | 14.22% | 0.46% | 0.77% | 7.23% | 9.15% | 0.46% | 1.31% |
Frequently Asked Questions
PRASX and MINDX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRASX has higher volatility (11.21%) compared to MINDX (4.94%). In terms of maximum drawdown, PRASX dropped -70.53% vs MINDX's -72.18%.
PRASX currently has the higher Sharpe Ratio (1.20 vs -0.19), 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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