WAINX vs. MINDX
WAINX (Wasatch Emerging India Fund) and MINDX (Matthews India Fund) are both Asia Pacific Equities funds. Over the past 10 years, WAINX returned 10.33%/yr vs 6.25%/yr for MINDX. Their correlation of 0.83 suggests significant overlap in exposure. WAINX charges 1.51%/yr vs 1.15%/yr for MINDX.
Performance
WAINX vs. MINDX - Performance Comparison
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Returns By Period
In the year-to-date period, WAINX achieves a -1.44% return, which is significantly higher than MINDX's -8.48% return. Over the past 10 years, WAINX has outperformed MINDX with an annualized return of 10.33%, while MINDX has yielded a comparatively lower 6.25% annualized return.
WAINX
- 1D
- 1.23%
- 1M
- 9.63%
- YTD
- -1.44%
- 6M
- -2.61%
- 1Y
- -9.10%
- 3Y*
- 4.85%
- 5Y*
- 3.51%
- 10Y*
- 10.33%
MINDX
- 1D
- 0.50%
- 1M
- 5.31%
- YTD
- -8.48%
- 6M
- -9.12%
- 1Y
- -5.44%
- 3Y*
- 5.12%
- 5Y*
- 4.07%
- 10Y*
- 6.25%
WAINX vs. MINDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAINX Wasatch Emerging India Fund | -1.44% | -5.33% | 9.23% | 20.90% | -21.77% | 37.56% | 17.63% | 13.78% | -5.45% | 53.39% |
MINDX Matthews India Fund | -8.48% | 1.61% | 9.99% | 23.14% | -9.87% | 17.87% | 16.46% | -0.79% | -9.80% | 33.76% |
Correlation
The correlation between WAINX and MINDX is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 26, 2011 | 0.83 |
The correlation between WAINX and MINDX has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
WAINX vs. MINDX — Risk / Return Rank
WAINX
MINDX
WAINX vs. MINDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wasatch Emerging India Fund (WAINX) 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.
| WAINX | MINDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.95 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | -0.25 | -0.03 |
| Martin ratioReturn relative to average drawdown | -0.58 | -0.59 | +0.02 |
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Drawdowns
WAINX vs. MINDX - Drawdown Comparison
The maximum WAINX drawdown since its inception was -41.34%, smaller than the maximum MINDX drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for WAINX and MINDX.
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Drawdown Indicators
| WAINX | MINDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.34% | -72.18% | +30.84% |
Max Drawdown (1Y)Largest decline over 1 year | -28.83% | -21.96% | -6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -31.01% | -26.51% | -4.50% |
Max Drawdown (5Y)Largest decline over 5 years | -31.01% | -26.51% | -4.50% |
Max Drawdown (10Y)Largest decline over 10 years | -41.34% | -48.46% | +7.12% |
Current DrawdownCurrent decline from peak | -14.80% | -16.42% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -14.95% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.20% | 9.15% | +5.05% |
Volatility
WAINX vs. MINDX - Volatility Comparison
The current volatility for Wasatch Emerging India Fund (WAINX) is 4.33%, while Matthews India Fund (MINDX) has a volatility of 4.65%. This indicates that WAINX experiences smaller price fluctuations and is considered to be less risky 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
| WAINX | MINDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.33% | 4.65% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 14.16% | 13.54% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 15.97% | +0.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 15.98% | +1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.05% | 17.48% | +1.57% |
WAINX vs. MINDX - Expense Ratio Comparison
WAINX has a 1.51% expense ratio, which is higher than MINDX's 1.15% expense ratio.
Dividends
WAINX vs. MINDX - Dividend Comparison
WAINX's dividend yield for the trailing twelve months is around 29.60%, more than MINDX's 7.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINDX Matthews India Fund | 7.39% | 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 | 29.60% | 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 MINDX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINDX has higher volatility (4.65%) compared to WAINX (4.33%). In terms of maximum drawdown, WAINX dropped -41.34% vs MINDX's -72.18%.
MINDX currently has the higher Sharpe Ratio (-0.34 vs -0.49), 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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