- ISIN
- US5771307270
- CUSIP
- 577130727
- Issuer
- Matthews
- Inception Date
- Apr 29, 2015
- 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
MASGX Performance Chart
Matthews Asia ESG Fund (MASGX) is up 42.7% since the beginning of the year. MASGX is currently trading at $20 per share. Investors who bought $1,000 worth of MASGX shares 5 years ago would now be looking at an investment worth $1,466.
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Returns By Period
Matthews Asia ESG Fund (MASGX) has returned 42.67% so far this year and 58.51% over the past 12 months. Over the last ten years, MASGX has returned 12.21% per year, falling short of the S&P 500 Index benchmark, which averaged 13.27% annually.
Matthews Asia ESG Fund
- 1D
- 1.28%
- 1M
- -1.50%
- 6M
- 32.89%
- YTD
- 42.67%
- 1Y
- 58.51%
- 3Y*
- 19.11%
- 5Y*
- 7.95%
- 10Y*
- 12.21%
Benchmark (S&P 500 Index)
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
MASGX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, MASGX's average daily return is +0.05%, while the average monthly return is +1.09%. At this rate, an investment would double in approximately 5.3 years.
Historically, 55% of months were positive and 45% were negative. The best month was Apr 2026 with a return of +22.0%, while the worst month was Mar 2020 at -19.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MASGX closed higher 52% of trading days. The best single day was Apr 8, 2026 with a return of +6.7%, while the worst single day was Mar 16, 2020 at -10.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.55% | 8.28% | -10.70% | 22.02% | 7.84% | 4.78% | -4.08% | 42.67% | |||||
| 2025 | 2.77% | -1.31% | -1.90% | 0.59% | 3.77% | 7.51% | -1.88% | 1.30% | 6.50% | 6.52% | -3.60% | 1.20% | 22.83% |
| 2024 | -6.22% | 7.14% | 0.40% | 0.79% | -1.18% | 0.56% | 0.00% | 1.50% | 8.32% | -4.88% | -4.30% | -3.59% | -2.51% |
| 2023 | 5.92% | -6.87% | 2.67% | 2.21% | -1.08% | 5.70% | 8.64% | -7.14% | -3.51% | -6.45% | 7.22% | 2.19% | 7.99% |
| 2022 | -5.07% | -4.39% | -3.66% | -3.79% | 4.02% | 0.67% | -0.22% | -1.33% | -11.78% | -2.55% | 19.02% | -3.51% | -14.37% |
| 2021 | 6.96% | 1.88% | -3.62% | 2.42% | 2.24% | 4.08% | -0.41% | -0.29% | 0.77% | 2.92% | -1.93% | -8.88% | 5.33% |
Benchmark Metrics
Matthews Asia ESG Fund has an annualized alpha of 3.47%, beta of 0.68, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 77.57% of S&P 500 Index downside but only 77.31% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 may look defensive, but with R2 of 0.42 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 0.42 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.47%
- Beta
- 0.68
- R²
- 0.42
- Upside Capture
- 77.31%
- Downside Capture
- 77.57%
Expense Ratio
MASGX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MASGX ranks 86 for risk / return — in the top 86% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Matthews Asia ESG Fund (MASGX) 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.
| MASGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.29 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 2.21 | +2.00 |
| Martin ratioReturn relative to average drawdown | 13.87 | 9.61 | +4.26 |
Dividends
Dividend History
Matthews Asia ESG Fund provided a 3.91% dividend yield over the last twelve months, with an annual payout of $0.77 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.77 | $0.77 | $0.31 | $0.94 | $0.67 | $0.40 | $0.85 | $0.15 | $0.45 | $0.43 | $0.13 |
Dividend yield | 3.91% | 5.58% | 2.58% | 7.52% | 5.39% | 2.60% | 5.66% | 1.36% | 4.52% | 3.70% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews Asia ESG 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 | $0.77 | $0.77 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.31 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.94 | $0.94 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
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 Asia ESG 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 Asia ESG Fund was 36.34%, occurring on Oct 14, 2022. Recovery took 804 trading sessions.
The current Matthews Asia ESG Fund drawdown is 7.49%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -36.34%Oct 2022 | 11mo 1d | 3y 2mo | 4y 1moNov 2021 - Jan 2026 |
COVID crash2020 | -33.85%Mar 2020 | 1mo 9d | 3mo 15d | 4mo 24dFeb 2020 - Jul 2020 |
Rate-hike selloffLate 2018 | -20.50%Oct 2018 | 9mo 2d | 1y 3mo | 2y 13dJan 2018 - Feb 2020 |
2026 correction2026 | -14.20%Mar 2026 | 1mo 2d | 15d | 1mo 17dFeb 2026 - Apr 2026 |
2021 correction2021 | -13.99%Mar 2021 | 1mo 5d | 6mo 24d | 7mo 29dFeb 2021 - Oct 2021 |
Drawdown Indicators
| MASGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.34% | -56.78% | +20.44% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -9.10% | -5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -24.94% | -18.90% | -6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -36.34% | -25.43% | -10.91% |
Max Drawdown (10Y)Largest decline over 10 years | -36.34% | -33.92% | -2.42% |
Current DrawdownCurrent decline from peak | -7.49% | -1.24% | -6.25% |
Average DrawdownAverage peak-to-trough decline | -11.17% | -10.71% | -0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.25% | 2.09% | +2.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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