- ISIN
- US5771258341
- Issuer
- Matthews
- Inception Date
- Jul 13, 2022
- Region
- Emerging Asia Pacific (China)
- Category
- China 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
- Blend
- Assets Under Management
- $23M
Highlights
- Avg. Volume (1M)
- 2K
- Avg. Volume Value (1M)
- $45.62K
Share Price Chart
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Performance
MCH Performance Chart
Matthews China Active ETF (MCH) is down 0.7% since the beginning of the year. MCH is currently trading at $28 per share.
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Returns By Period
Matthews China Active ETF (MCH) has returned -0.66% so far this year and 12.31% over the past 12 months.
Matthews China Active ETF
- 1D
- 0.90%
- 1M
- 0.27%
- 6M
- -4.79%
- YTD
- -0.66%
- 1Y
- 12.31%
- 3Y*
- 8.50%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.00%
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%
MCH Monthly Returns History
Based on dividend-adjusted daily data since Jul 14, 2022, MCH's average daily return is +0.03%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 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 49% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.33% | -2.84% | -7.93% | 7.47% | 2.53% | -0.52% | -2.90% | -0.66% | |||||
| 2025 | 2.39% | 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% |
| 2023 | 13.38% | -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 | -4.84% | -0.52% | -13.32% | -12.65% | 30.89% | 2.80% | -3.57% |
Benchmark Metrics
Matthews China Active ETF has an annualized alpha of -3.47%, beta of 0.65, and R2 of 0.13 versus S&P 500 Index. Calculated based on daily prices since July 14, 2022.
- This ETF participated in 107.60% of S&P 500 Index downside but only 56.24% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.65 may look defensive, but with R2 of 0.13 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 0.13 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
- -3.47%
- Beta
- 0.65
- R²
- 0.13
- Upside Capture
- 56.24%
- Downside Capture
- 107.60%
Expense Ratio
MCH has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MCH ranks 23 for risk / return — above 23% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Matthews China Active ETF (MCH) 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.
| MCH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 2.00 | -1.30 |
| Martin ratioReturn relative to average drawdown | 1.70 | 8.49 | -6.79 |
Dividends
Dividend History
Matthews China Active ETF provided a 1.77% dividend yield over the last twelve months, with an annual payout of $0.50 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.50 | $0.50 | $0.29 | $0.31 |
Dividend yield | 1.77% | 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.
| 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 | $0.50 | $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 7.72%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.53%Feb 2024 | 1y 6d | 8mo 8d | 1y 8moJan 2023 - Oct 2024 | — |
-30.57%Apr 2025 | 6mo 2d | 5mo 6d | 11mo 8dOct 2024 - Sep 2025 | 2025 selloff2025 |
-29.24%Oct 2022 | 3mo 12d | 1mo 16d | 4mo 28dJul 2022 - Dec 2022 | Bear market2022 |
-15.05%Mar 2026 | 2mo 16d | — | 6mo 21dJan 2026 - now | — |
-9.18%Dec 2022 | 8d | 15d | 23dDec 2022 - Jan 2023 | Bear market2022 |
Drawdown Indicators
| MCH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -56.78% | +16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -9.10% | -5.95% |
Max Drawdown (3Y)Largest decline over 3 years | -30.57% | -18.90% | -11.67% |
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 | -7.72% | -1.58% | -6.14% |
Average DrawdownAverage peak-to-trough decline | -18.01% | -10.70% | -7.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.18% | 2.14% | +4.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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