- Issuer
- Matthews
- Inception Date
- Sep 21, 2023
- Region
- Developed Asia Pacific (Japan)
- Category
- Japan Equities, Asia Pacific Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $10M
Highlights
- Avg. Volume (1M)
- 1K
- Avg. Volume Value (1M)
- $43.11K
Share Price Chart
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Performance
JPAN Performance Chart
Matthews Japan Active ETF (JPAN) is up 15.8% since the beginning of the year. JPAN is currently trading at $41 per share.
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Returns By Period
Matthews Japan Active ETF (JPAN) has returned 15.79% so far this year and 29.48% over the past 12 months.
Matthews Japan Active ETF
- 1D
- -0.33%
- 1M
- -1.46%
- 6M
- 10.42%
- YTD
- 15.79%
- 1Y
- 29.48%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 22.12%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
JPAN Monthly Returns History
Based on dividend-adjusted daily data since Sep 22, 2023, JPAN's average daily return is +0.09%, while the average monthly return is +1.74%. At this rate, an investment would double in approximately 3.3 years.
Historically, 66% of months were positive and 34% were negative. The best month was Feb 2026 with a return of +8.9%, while the worst month was Mar 2026 at -10.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, JPAN closed higher 52% of trading days. The best single day was Apr 9, 2025 with a return of +7.0%, while the worst single day was Apr 4, 2025 at -6.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.86% | 8.92% | -10.55% | 8.82% | 5.59% | -0.05% | -1.32% | 15.79% | |||||
| 2025 | 1.23% | -1.01% | -0.01% | 5.05% | 5.11% | 2.43% | -3.29% | 5.80% | 1.80% | 4.43% | -1.24% | 0.99% | 22.96% |
| 2024 | 2.87% | 6.41% | 6.17% | -6.26% | 3.59% | 0.84% | 4.40% | 2.94% | 0.10% | -4.96% | 3.21% | -1.60% | 18.16% |
| 2023 | -2.90% | -2.91% | 7.13% | 4.13% | 5.17% |
Benchmark Metrics
Matthews Japan Active ETF has an annualized alpha of 4.41%, beta of 0.87, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since September 22, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (90.98%) than losses (71.29%) - typical of diversified or defensive assets.
- R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 4.41%
- Beta
- 0.87
- R²
- 0.45
- Upside Capture
- 90.98%
- Downside Capture
- 71.29%
Expense Ratio
JPAN has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JPAN ranks 59 for risk / return — above 59% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Matthews Japan Active ETF (JPAN) and compare them to S&P 500 Index.
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.
| JPAN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.00 | +0.06 |
| Martin ratioReturn relative to average drawdown | 7.00 | 8.49 | -1.49 |
Dividends
Dividend History
Matthews Japan Active ETF provided a 4.41% dividend yield over the last twelve months, with an annual payout of $1.83 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.83 | $1.83 | $0.47 | $0.13 |
Dividend yield | 4.41% | 5.10% | 1.53% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews Japan Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.83 | $1.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2023 | $0.13 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Matthews Japan Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Matthews Japan Active ETF was 15.24%, occurring on Apr 7, 2025. Recovery took 14 trading sessions.
The current Matthews Japan Active ETF drawdown is 5.14%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-15.24%Apr 2025 | 6mo 12d | 21d | 7mo 3dSep 2024 - Apr 2025 | 2025 selloff2025 |
-14.59%Mar 2026 | 1mo 16d | 1mo 9d | 2mo 25dFeb 2026 - May 2026 | — |
-12.53%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 | — |
-8.83%Oct 2023 | 1mo 4d | 22d | 1mo 26dSep 2023 - Nov 2023 | — |
-8.69%Jul 2026 | 1mo 6d | — | 1mo 11dJun 2026 - now | — |
Drawdown Indicators
| JPAN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.24% | -56.78% | +41.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -9.10% | -5.49% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -5.14% | -1.58% | -3.56% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -10.70% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 2.14% | +2.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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