ADIV vs. ADVE

Last updated Apr 1, 2026

Compare and contrast key facts about SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Matthews Asia Dividend Active ETF (ADVE).

ADIV and ADVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADIV is an actively managed fund by Guinness Atkinson Asset Management. It was launched on Mar 29, 2021. ADVE is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

Performance

ADIV vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

ADIV vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADIV SmartETFs Asia Pacific Dividend Builder ETF	-2.19%	21.86%	14.47%	7.46%
ADVE Matthews Asia Dividend Active ETF	6.57%	26.12%	7.02%	5.13%

Returns By Period

In the year-to-date period, ADIV achieves a -2.19% return, which is significantly lower than ADVE's 6.57% return.

ADIV

• 1D: 1.75%
• 1M: -6.80%
• YTD: -2.19%
• 6M: -1.25%
• 1Y: 17.88%
• 3Y*: 13.53%
• 5Y*: 4.87%
• 10Y*: —

ADVE

• 1D: 3.40%
• 1M: -7.71%
• YTD: 6.57%
• 6M: 10.65%
• 1Y: 32.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADIV vs. ADVE - Expense Ratio Comparison

ADIV has a 0.78% expense ratio, which is lower than ADVE's 0.79% expense ratio.

ADVE

Matthews Asia Dividend Active ETF

ADIV

SmartETFs Asia Pacific Dividend Builder ETF

Return for Risk

ADIV vs. ADVE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADIV

ADIV Risk / Return Rank: 58
ADIV Sharpe Ratio Rank: 61
ADIV Sortino Ratio Rank: 60
ADIV Omega Ratio Rank: 61
ADIV Calmar Ratio Rank: 49
ADIV Martin Ratio Rank: 57

ADVE

ADVE Risk / Return Rank: 88
ADVE Sharpe Ratio Rank: 88
ADVE Sortino Ratio Rank: 88
ADVE Omega Ratio Rank: 89
ADVE Calmar Ratio Rank: 87
ADVE Martin Ratio Rank: 87

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.

ADIV vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) and Matthews Asia Dividend Active ETF (ADVE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADIV	ADVE	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.86	-0.81
Sortino ratio Return per unit of downside risk	1.54	2.51	-0.97
Omega ratio Gain probability vs. loss probability	1.22	1.38	-0.15
Calmar ratio Return relative to maximum drawdown	1.25	2.75	-1.49
Martin ratio Return relative to average drawdown	5.47	10.93	-5.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADIV vs. ADVE - Sharpe Ratio Comparison

The current ADIV Sharpe Ratio is 1.05, which is lower than the ADVE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of ADIV and ADVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADIV	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.86	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.19	-0.89

Correlation

The correlation between ADIV and ADVE is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ADIV vs. ADVE - Dividend Comparison

ADIV's dividend yield for the trailing twelve months is around 3.08%, more than ADVE's 2.80% yield.

	TTM	2025	2024	2023	2022	2021
ADIV SmartETFs Asia Pacific Dividend Builder ETF	3.08%	2.77%	4.83%	4.55%	2.98%	13.85%
ADVE Matthews Asia Dividend Active ETF	2.80%	2.97%	6.00%	0.37%	0.00%	0.00%

Drawdowns

ADIV vs. ADVE - Drawdown Comparison

The maximum ADIV drawdown since its inception was -31.55%, which is greater than ADVE's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for ADIV and ADVE.

Drawdown Indicators

	ADIV	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-31.55%	-18.41%	-13.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.51%	-11.73%	-1.78%
Max Drawdown (5Y) Largest decline over 5 years	-31.55%	—	—
Current Drawdown Current decline from peak	-8.41%	-8.73%	+0.32%
Average Drawdown Average peak-to-trough decline	-8.64%	-3.20%	-5.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	2.95%	+0.15%

Volatility

ADIV vs. ADVE - Volatility Comparison

The current volatility for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is 6.43%, while Matthews Asia Dividend Active ETF (ADVE) has a volatility of 8.77%. This indicates that ADIV experiences smaller price fluctuations and is considered to be less risky than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADIV	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.43%	8.77%	-2.34%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	12.93%	-2.61%
Volatility (1Y) Calculated over the trailing 1-year period	17.12%	17.59%	-0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.44%	15.11%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.43%	15.11%	+1.32%