- Issuer
- Matthews
- Inception Date
- Apr 29, 2020
- Category
- Emerging Markets Diversified
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
MEGMX Performance Chart
Matthews Emerging Markets Equity Fund (MEGMX) is up 38.1% since the beginning of the year. MEGMX is currently trading at $23 per share. Investors who bought $1,000 worth of MEGMX shares 5 years ago would now be looking at an investment worth $1,561.
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Returns By Period
Matthews Emerging Markets Equity Fund (MEGMX) has returned 38.07% so far this year and 62.23% over the past 12 months.
Matthews Emerging Markets Equity Fund
- 1D
- 3.62%
- 1M
- 9.27%
- YTD
- 38.07%
- 6M
- 40.65%
- 1Y
- 62.23%
- 3Y*
- 25.71%
- 5Y*
- 9.31%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MEGMX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2020, MEGMX's average daily return is +0.07%, while the average monthly return is +1.47%. At this rate, an investment would double in approximately 4.0 years.
Historically, 59% of months were positive and 41% were negative. The best month was Apr 2026 with a return of +16.5%, while the worst month was Mar 2026 at -11.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MEGMX closed higher 53% of trading days. The best single day was Apr 8, 2026 with a return of +5.6%, while the worst single day was Jun 5, 2026 at -7.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 8.85% | 6.39% | -11.17% | 16.49% | 11.05% | 3.76% | 38.07% | ||||||
| 2025 | 3.45% | -1.18% | -0.52% | 0.08% | 5.19% | 6.15% | 1.08% | 2.40% | 6.97% | 3.16% | -2.12% | 1.84% | 29.37% |
| 2024 | -4.64% | 5.48% | 3.52% | -0.73% | 0.90% | 3.56% | -0.86% | 2.68% | 7.75% | -2.49% | -1.53% | -2.32% | 11.11% |
| 2023 | 8.08% | -5.23% | 0.96% | -0.52% | -1.48% | 4.61% | 4.32% | -5.03% | -3.85% | -4.80% | 7.94% | 4.52% | 8.46% |
| 2022 | -1.32% | -7.84% | -2.61% | -6.69% | 0.00% | -8.86% | 3.15% | -0.00% | -8.89% | 2.17% | 13.31% | -3.51% | -20.94% |
| 2021 | 0.51% | 2.84% | -1.78% | 1.63% | 3.51% | 2.38% | -6.15% | 1.05% | -3.43% | 2.53% | -5.62% | 1.25% | -1.90% |
Benchmark Metrics
Matthews Emerging Markets Equity Fund has an annualized alpha of 5.78%, beta of 0.73, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since April 30, 2020.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (89.77%) than losses (82.21%) - typical of diversified or defensive assets.
- R2 of 0.46 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
- 5.78%
- Beta
- 0.73
- R²
- 0.46
- Upside Capture
- 89.77%
- Downside Capture
- 82.21%
Expense Ratio
MEGMX has a high expense ratio of 1.08%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MEGMX ranks 87 for risk / return — in the top 87% 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 Emerging Markets Equity Fund (MEGMX) 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.
| MEGMX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 2.78 | +1.42 |
| Martin ratioReturn relative to average drawdown | 15.64 | 12.44 | +3.20 |
Dividends
Dividend History
Matthews Emerging Markets Equity Fund provided a 2.15% dividend yield over the last twelve months, with an annual payout of $0.49 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.49 | $0.12 | $0.22 | $0.20 | $1.11 | $0.36 |
Dividend yield | 2.15% | 2.97% | 0.92% | 1.82% | 1.81% | 7.76% | 2.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews Emerging Markets Equity 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.49 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.11 | $1.11 |
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 Emerging Markets Equity 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 Emerging Markets Equity Fund was 37.64%, occurring on Sep 29, 2022. Recovery took 735 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -37.64%Sep 2022 | 1y 7mo | 2y 11mo | 4y 6moFeb 2021 - Sep 2025 |
2026 correction2026 | -15.34%Mar 2026 | 1mo 2d | 23d | 1mo 25dFeb 2026 - Apr 2026 |
2026 correction2026 | -10.43%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 |
2026 pullback2026 | -6.53%May 2026 | 7d | 7d | 14dMay 2026 - May 2026 |
2021 pullback2021 | -6.22%Jan 2021 | 8d | 7d | 15dJan 2021 - Feb 2021 |
Drawdown Indicators
| MEGMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.64% | -56.78% | +19.14% |
Max Drawdown (1Y)Largest decline over 1 year | -15.34% | -9.10% | -6.24% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -18.90% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.03% | -25.43% | -11.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -10.71% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 2.03% | +2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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