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Matthews China Active ETF (MCH)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US5771258341
Issuer
Matthews
Inception Date
Jul 13, 2022
Region
Emerging Asia Pacific (China)
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Large-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Matthews China Active ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Matthews China Active ETF (MCH) has returned -6.67% so far this year and 10.06% over the past 12 months.


Matthews China Active ETF

1D
2.06%
1M
-7.93%
YTD
-6.67%
6M
-11.51%
1Y
10.06%
3Y*
4.64%
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Jul 14, 2022, MCH's average daily return is +0.03%, while the average monthly return is +0.61%. At this rate, your investment would double in approximately 9.5 years.

Historically, 47% of months were positive and 53% were negative. The best month was Nov 2022 with a return of +30.9%, while the worst month was Sep 2022 at -13.3%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.

On a daily basis, MCH closed higher 48% of trading days. The best single day was Sep 26, 2024 with a return of +10.6%, while the worst single day was Oct 8, 2024 at -12.2%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20264.33%-2.84%-7.93%-6.67%
20252.39%7.09%0.70%-7.83%2.60%6.40%5.35%9.74%6.91%-2.02%-2.94%-0.29%30.20%
2024-10.23%6.83%2.92%5.27%2.85%-5.54%-1.80%-0.03%30.24%-2.74%-5.08%-1.54%17.32%
202313.38%-12.27%0.19%-6.65%-9.95%3.18%12.69%-8.27%-4.96%-6.47%3.15%-2.23%-19.91%
2022-4.39%-0.52%-13.32%-12.65%30.89%2.80%-3.12%

Benchmark Metrics

Matthews China Active ETF has an annualized alpha of -2.81%, beta of 0.62, and R² of 0.12 versus S&P 500 Index. Calculated based on daily prices since July 15, 2022.

  • This ETF participated in 104.29% of S&P 500 Index downside but only 56.41% of its upside — more exposed to losses than it benefited from rallies.
  • Beta of 0.62 may look defensive, but with R² of 0.12 this ETF 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 ETF's risk.
  • R² of 0.12 means this ETF 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
-2.81%
Beta
0.62
0.12
Upside Capture
56.41%
Downside Capture
104.29%

Expense Ratio

MCH has an expense ratio of 0.79%, placing it in the medium range.


Return for Risk

Risk / Return Rank

MCH ranks 24 for risk / return — below 24% 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.


MCH Risk / Return Rank: 2424
Overall Rank
MCH Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
MCH Sortino Ratio Rank: 2323
Sortino Ratio Rank
MCH Omega Ratio Rank: 2424
Omega Ratio Rank
MCH Calmar Ratio Rank: 2424
Calmar Ratio Rank
MCH Martin Ratio Rank: 2323
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Matthews China Active ETF (MCH) and compare them to a chosen benchmark (S&P 500 Index).


MCHBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.42

0.90

-0.47

Sortino ratio

Return per unit of downside risk

0.72

1.39

-0.66

Omega ratio

Gain probability vs. loss probability

1.10

1.21

-0.11

Calmar ratio

Return relative to maximum drawdown

0.54

1.40

-0.86

Martin ratio

Return relative to average drawdown

1.70

6.61

-4.91

Explore MCH risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Matthews China Active ETF provided a 1.89% dividend yield over the last twelve months, with an annual payout of $0.50 per share.


1.30%1.40%1.50%1.60%1.70%1.80%$0.00$0.10$0.20$0.30$0.40$0.50202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
Dividend$0.50$0.50$0.29$0.31

Dividend yield

1.89%1.76%1.31%1.62%

Monthly Dividends

The table displays the monthly dividend distributions for Matthews China Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$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$0.50$0.50
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.29$0.29
2023$0.31$0.31

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 China 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 China Active ETF was 40.53%, occurring on Feb 2, 2024. Recovery took 170 trading sessions.

The current Matthews China Active ETF drawdown is 13.30%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-40.53%Jan 27, 2023256Feb 2, 2024170Oct 7, 2024426
-30.57%Oct 8, 2024125Apr 8, 2025107Sep 11, 2025232
-29.21%Jul 20, 202268Oct 24, 202233Dec 9, 2022101
-15.05%Jan 13, 202653Mar 30, 2026
-9.18%Dec 12, 20227Dec 20, 20229Jan 4, 202316

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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