WAINX vs. MINDX
WAINX (Wasatch Emerging India Fund) and MINDX (Matthews India Fund) are both India Equities funds. Over the past 10 years, WAINX returned 9.07%/yr vs 5.61%/yr for MINDX. Their correlation of 0.83 means they have usually moved in the same direction. 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 0.48% return, which is significantly higher than MINDX's -6.86% return. Over the past 10 years, WAINX has outperformed MINDX with an annualized return of 9.07%, while MINDX has yielded a comparatively lower 5.61% annualized return.
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%
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 |
WAINX vs. MINDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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 WAINX and MINDX 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 WAINX and MINDX has been stable across timeframes, ranging from 0.79 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 | -0.03 | ||
| 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 | -0.15 | -0.14 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.36 | -0.31 | -0.05 |
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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 | -25.11% | -21.96% | -3.15% |
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 | -13.14% | -14.94% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -14.96% | +5.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.66% | 9.81% | +0.85% |
Volatility
WAINX vs. MINDX - Volatility Comparison
Wasatch Emerging India Fund (WAINX) has a higher volatility of 5.72% compared to Matthews India Fund (MINDX) at 4.94%. This indicates that WAINX'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
| WAINX | MINDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 4.94% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.49% | 13.60% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.41% | 16.29% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 16.09% | +1.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.09% | 17.51% | +1.58% |
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 29.03%, more 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% |
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
WAINX and MINDX 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, WAINX dropped -41.34% vs MINDX's -72.18%.
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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