WAINX vs. MASGX
WAINX (Wasatch Emerging India Fund) and MASGX (Matthews Asia ESG Fund) are both Asia Pacific Equities funds. Over the past 10 years, WAINX returned 10.39%/yr vs 13.09%/yr for MASGX. At a 0.48 correlation, their price movements are largely independent. WAINX charges 1.51%/yr vs 1.24%/yr for MASGX.
Performance
WAINX vs. MASGX - Performance Comparison
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Returns By Period
In the year-to-date period, WAINX achieves a -0.96% return, which is significantly lower than MASGX's 45.63% return. Over the past 10 years, WAINX has underperformed MASGX with an annualized return of 10.39%, while MASGX has yielded a comparatively higher 13.09% annualized return.
WAINX
- 1D
- 1.48%
- 1M
- 9.87%
- YTD
- -0.96%
- 6M
- -1.67%
- 1Y
- -10.34%
- 3Y*
- 5.02%
- 5Y*
- 3.40%
- 10Y*
- 10.39%
MASGX
- 1D
- 0.55%
- 1M
- 2.07%
- YTD
- 45.63%
- 6M
- 46.16%
- 1Y
- 62.41%
- 3Y*
- 20.67%
- 5Y*
- 8.38%
- 10Y*
- 13.09%
WAINX vs. MASGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAINX Wasatch Emerging India Fund | -0.96% | -5.33% | 9.23% | 20.90% | -21.77% | 37.56% | 17.63% | 13.78% | -5.45% | 53.39% |
MASGX Matthews Asia ESG Fund | 45.63% | 22.83% | -2.51% | 7.99% | -14.37% | 5.33% | 42.90% | 12.56% | -9.70% | 33.75% |
Correlation
The correlation between WAINX and MASGX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.48 |
The correlation between WAINX and MASGX shifts across timeframes, from 0.38 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
WAINX vs. MASGX — Risk / Return Rank
WAINX
MASGX
WAINX vs. MASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Emerging India Fund (WAINX) and Matthews Asia ESG Fund (MASGX). 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.
| WAINX | MASGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.15 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.47 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 4.57 | -4.91 |
| Martin ratioReturn relative to average drawdown | -0.68 | 16.06 | -16.74 |
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Drawdowns
WAINX vs. MASGX - Drawdown Comparison
The maximum WAINX drawdown since its inception was -41.34%, which is greater than MASGX's maximum drawdown of -36.34%. Use the drawdown chart below to compare losses from any high point for WAINX and MASGX.
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Drawdown Indicators
| WAINX | MASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.34% | -36.34% | -5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -28.83% | -14.20% | -14.63% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -24.94% | -6.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -36.34% | +5.33% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -36.34% | -5.00% |
Current DrawdownCurrent decline from peak | -14.38% | -5.57% | -8.81% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -11.18% | +1.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.24% | 3.99% | +10.25% |
Volatility
WAINX vs. MASGX - Volatility Comparison
The current volatility for Wasatch Emerging India Fund (WAINX) is 4.66%, while Matthews Asia ESG Fund (MASGX) has a volatility of 14.16%. This indicates that WAINX experiences smaller price fluctuations and is considered to be less risky than MASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAINX | MASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 14.16% | -9.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.15% | 22.89% | -8.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 25.40% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 21.62% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 19.11% | -0.06% |
WAINX vs. MASGX - Expense Ratio Comparison
WAINX has a 1.51% expense ratio, which is higher than MASGX's 1.24% expense ratio.
Dividends
WAINX vs. MASGX - Dividend Comparison
WAINX's dividend yield for the trailing twelve months is around 29.46%, more than MASGX's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MASGX Matthews Asia ESG Fund | 3.83% | 5.58% | 2.58% | 7.52% | 5.39% | 2.60% | 5.66% | 1.36% | 4.52% | 3.70% | 1.47% | 0.00% |
WAINX Wasatch Emerging India Fund | 29.46% | 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
WAINX and MASGX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MASGX has higher volatility (14.16%) compared to WAINX (4.66%). In terms of maximum drawdown, WAINX dropped -41.34% vs MASGX's -36.34%.
MASGX currently has the higher Sharpe Ratio (2.57 vs -0.58), 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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