Matthews China Fund (MCHFX)

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

Matthews China Fund (MCHFX) has returned -9.47% so far this year and 6.51% over the past 12 months. Over the last ten years, MCHFX has returned 5.77% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Feb 19, 1998, MCHFX's average daily return is +0.04%, while the average monthly return is +0.94%. At this rate, your investment would double in approximately 6.2 years.

Historically, 55% of months were positive and 45% were negative. The best month was Jun 1999 with a return of +42.9%, while the worst month was Jul 1998 at -24.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, MCHFX closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +16.8%, while the worst single day was Sep 17, 2001 at -10.9%.

Matthews China Fund has an annualized alpha of 5.48%, beta of 0.67, and R² of 0.25 versus S&P 500 Index. Calculated based on daily prices since February 20, 1998.

• Beta of 0.67 may look defensive, but with R² of 0.25 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 0.25 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.

MCHFX has a high expense ratio of 1.12%, indicating above-average management fees.

MCHFX ranks 8 for risk / return — in the bottom 8% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

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

Matthews China Fund provided a 1.50% dividend yield over the last twelve months, with an annual payout of $0.23 per share.

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

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.

The table below displays the maximum drawdowns of the Matthews China 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 China Fund was 67.02%, occurring on Oct 27, 2008. Recovery took 511 trading sessions.

The current Matthews China Fund drawdown is 44.17%.

The chart below shows the rolling one-month volatility.