- ISIN
- US5771301075
- CUSIP
- 577130107
- Issuer
- Matthews
- Inception Date
- Sep 11, 1994
- Category
- Asia Pacific Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
MAPTX Performance Chart
Matthews Pacific Tiger Fund (MAPTX) is up 19.3% since the beginning of the year. MAPTX is currently trading at $27 per share. Investors who bought $1,000 worth of MAPTX shares 5 years ago would now be looking at an investment worth $999.
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Returns By Period
Matthews Pacific Tiger Fund (MAPTX) has returned 19.29% so far this year and 38.26% over the past 12 months. Over the last ten years, MAPTX has returned 4.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Matthews Pacific Tiger Fund
- 1D
- 4.12%
- 1M
- -5.17%
- 6M
- 11.07%
- YTD
- 19.29%
- 1Y
- 38.26%
- 3Y*
- 13.25%
- 5Y*
- -0.03%
- 10Y*
- 4.96%
- ALL TIME*
- 7.54%
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%
MAPTX Monthly Returns History
Based on dividend-adjusted daily data since Sep 12, 1994, MAPTX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 1999 with a return of +25.4%, while the worst month was Oct 2008 at -23.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.
On a daily basis, MAPTX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +11.4%, while the worst single day was Dec 15, 2021 at -14.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.39% | 6.26% | -11.12% | 16.56% | 11.76% | 1.18% | -10.76% | 19.29% | |||||
| 2025 | 1.98% | -1.55% | -0.68% | -0.74% | 5.14% | 6.14% | 3.23% | 2.28% | 7.71% | 3.83% | -3.21% | 3.03% | 30.07% |
| 2024 | -6.18% | 4.12% | 1.21% | 0.98% | 1.56% | 4.45% | -1.77% | -0.21% | 7.09% | -3.82% | -2.01% | -1.46% | 3.25% |
| 2023 | 9.33% | -7.08% | 2.69% | -3.90% | -4.35% | 3.00% | 6.28% | -7.33% | -3.98% | -3.66% | 4.19% | 1.52% | -4.82% |
| 2022 | -2.72% | -4.07% | -5.21% | -4.80% | 1.90% | -3.22% | -1.05% | 0.22% | -12.08% | -8.07% | 21.93% | -2.28% | -20.69% |
| 2021 | 3.98% | 0.41% | -2.71% | 1.21% | 1.39% | 1.29% | -5.86% | -0.29% | -3.38% | 2.87% | -3.81% | -13.39% | -17.92% |
Benchmark Metrics
Matthews Pacific Tiger Fund has an annualized alpha of 3.44%, beta of 0.57, and R2 of 0.27 versus S&P 500 Index. Calculated based on daily prices since September 12, 1994.
- This fund participated in 103.73% of S&P 500 Index downside but only 96.81% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.57 may look defensive, but with R2 of 0.27 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.27 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.44%
- Beta
- 0.57
- R²
- 0.27
- Upside Capture
- 96.81%
- Downside Capture
- 103.73%
Expense Ratio
MAPTX has a high expense ratio of 1.09%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MAPTX ranks 50 for risk / return — above 50% of mutual funds 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 Pacific Tiger Fund (MAPTX) 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.
| MAPTX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.00 | +0.12 |
| Martin ratioReturn relative to average drawdown | 6.98 | 8.49 | -1.51 |
Dividends
Dividend History
Matthews Pacific Tiger Fund provided a 1.95% dividend yield over the last twelve months, with an annual payout of $0.52 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.52 | $1.58 | $0.54 | $1.72 | $1.34 | $2.01 | $0.99 | $1.29 | $0.40 | $0.60 | $2.63 |
Dividend yield | 1.95% | 2.33% | 8.93% | 2.93% | 8.52% | 4.85% | 5.74% | 3.44% | 4.78% | 1.25% | 2.61% | 11.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews Pacific Tiger Fund. 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 | $0.52 | $0.52 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $1.58 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 | $0.54 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.72 | $1.72 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.34 | $1.34 |
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 Pacific Tiger Fund. 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 Pacific Tiger Fund was 69.79%, occurring on Sep 1, 1998. Recovery took 363 trading sessions.
The current Matthews Pacific Tiger Fund drawdown is 13.89%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-69.79%Sep 1998 | 1y 25d | 1y 5mo | 2y 6moAug 1997 - Feb 2000 | — |
-61.51%Nov 2008 | 1y 20d | 1y 9mo | 2y 10moNov 2007 - Sep 2010 | Financial crisis2007–2009 |
-52.31%Oct 2022 | 1y 8mo | 3y 7mo | 5y 4moFeb 2021 - Jun 2026 | Bear market2022 |
-48.88%Sep 2001 | 1y 6mo | 2y 1mo | 3y 7moMar 2000 - Nov 2003 | Dot-com crash2000–2002 |
-34.35%Mar 2020 | 2y 1mo | 4mo 15d | 2y 6moJan 2018 - Aug 2020 | COVID crash2020 |
Drawdown Indicators
| MAPTX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.79% | -56.78% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -17.30% | -9.10% | -8.20% |
Max Drawdown (3Y)Largest decline over 3 years | -22.23% | -18.90% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -46.28% | -25.43% | -20.85% |
Max Drawdown (10Y)Largest decline over 10 years | -52.31% | -33.92% | -18.39% |
Current DrawdownCurrent decline from peak | -13.89% | -1.58% | -12.31% |
Average DrawdownAverage peak-to-trough decline | -17.40% | -10.70% | -6.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 2.14% | +3.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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