- Issuer
- Matthews
- Inception Date
- Sep 21, 2023
- Region
- Developed Asia Pacific (Japan)
- Category
- Japan 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
- $8M
Share Price Chart
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Performance
JPAN Performance Chart
Matthews Japan Active ETF (JPAN) is up 17.0% since the beginning of the year. JPAN is currently trading at $42 per share.
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Returns By Period
Matthews Japan Active ETF (JPAN) has returned 17.03% so far this year and 27.88% over the past 12 months.
Matthews Japan Active ETF
- 1D
- 0.60%
- 1M
- 6.19%
- YTD
- 17.03%
- 6M
- 18.72%
- 1Y
- 27.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
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 +1.83%. At this rate, an investment would double in approximately 3.2 years.
Historically, 68% of months were positive and 32% 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 53% 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% | -0.31% | 17.03% | ||||||
| 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 | -2.35% | -2.91% | 7.13% | 4.13% | 5.77% |
Benchmark Metrics
Matthews Japan Active ETF has an annualized alpha of 5.16%, beta of 0.84, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since September 25, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (90.07%) than losses (67.94%) - typical of diversified or defensive assets.
- R2 of 0.44 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
- 5.16%
- Beta
- 0.84
- R²
- 0.44
- Upside Capture
- 90.07%
- Downside Capture
- 67.94%
Expense Ratio
JPAN has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
JPAN ranks 40 for risk / return — below 40% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Matthews Japan Active ETF (JPAN) and compare them to S&P 500 Index.
| JPAN | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 2.39 | -0.96 |
Sortino ratioReturn per unit of downside risk | 2.13 | 3.25 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.43 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.11 | -1.19 |
Martin ratioReturn relative to average drawdown | 6.85 | 14.38 | -7.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Matthews Japan Active ETF provided a 4.36% 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 | 4.36% | 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 | ||||||
| 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 0.31%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -15.24%Apr 2025 | 6mo 12d | 21d | 7mo 3dSep 2024 - Apr 2025 |
2026 correction2026 | -14.59%Mar 2026 | 1mo 16d | 1mo 9d | 2mo 25dFeb 2026 - May 2026 |
2024 correction2024 | -12.53%Aug 2024 | 19d | 18d | 1mo 7dJul 2024 - Aug 2024 |
2023 pullback2023 | -8.35%Oct 2023 | 1mo | 22d | 1mo 22dSep 2023 - Nov 2023 |
2024 pullback2024 | -8.14%Apr 2024 | 28d | 2mo 11d | 3mo 9dMar 2024 - Jul 2024 |
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 | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -10.72% | +7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 1.97% | +2.14% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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