ADIV vs. ADVE

Last updated Jun 4, 2026

ADIV (SmartETFs Asia Pacific Dividend Builder ETF) and ADVE (Matthews Asia Dividend Active ETF) are both Asia Pacific Equities funds. Both are actively managed. Over the past year, ADIV returned 19.14% vs 41.86% for ADVE. Their correlation of 0.82 suggests significant overlap in exposure. ADIV charges 0.78%/yr vs 0.79%/yr for ADVE.

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.

Returns By Period

In the year-to-date period, ADIV achieves a 8.00% return, which is significantly lower than ADVE's 21.50% return.

ADIV

• 1D: -1.20%
• 1M: 4.12%
• YTD: 8.00%
• 6M: 7.65%
• 1Y: 19.14%
• 3Y*: 17.71%
• 5Y*: 6.49%
• 10Y*: —

ADVE

• 1D: -0.63%
• 1M: 5.23%
• YTD: 21.50%
• 6M: 23.40%
• 1Y: 41.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ADIV vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADIV SmartETFs Asia Pacific Dividend Builder ETF	8.00%	21.86%	14.47%	7.46%
ADVE Matthews Asia Dividend Active ETF	21.50%	26.12%	7.02%	5.13%

Correlation

The correlation between ADIV and ADVE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.82

The correlation between ADIV and ADVE has been stable across timeframes, ranging from 0.81 to 0.82 - a consistent structural relationship.

ADIV vs. ADVE - Sectors Allocation Comparison

Sectors	ADIV	ADVE
Financial Services	32.4%	27.3%
Technology	25.5%	29.0%
Consumer Cyclical	16.3%	6.9%
Real Estate	7.9%	4.0%
Healthcare	5.6%	1.1%
Consumer Defensive	4.7%	2.9%
Communication Services	2.7%	9.5%
Utilities	2.5%	1.1%
Industrials	2.4%	13.6%
Basic Materials	-	3.4%
Energy	-	1.2%

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: 39
ADIV Sharpe Ratio Rank: 40
ADIV Sortino Ratio Rank: 39
ADIV Omega Ratio Rank: 39
ADIV Calmar Ratio Rank: 38
ADIV Martin Ratio Rank: 39

ADVE

ADVE Risk / Return Rank: 76
ADVE Sharpe Ratio Rank: 77
ADVE Sortino Ratio Rank: 77
ADVE Omega Ratio Rank: 79
ADVE Calmar Ratio Rank: 72
ADVE Martin Ratio Rank: 75

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	1.43	2.49	-1.06
Sortino ratio: Return per unit of downside risk	2.03	3.47	-1.44
Omega ratio: Gain probability vs. loss probability	1.26	1.47	-0.21
Calmar ratio: Return relative to maximum drawdown	1.89	3.59	-1.69
Martin ratio: Return relative to average drawdown	6.27	14.23	-7.96
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 1.43, which is lower than the ADVE Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of ADIV and ADVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADIV	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.43	2.49	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.44	-1.02

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	-10.15%	-11.73%	+1.58%
Max Drawdown (3Y) Largest decline over 3 years	-18.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.55%	—	—
Current Drawdown Current decline from peak	-1.20%	-0.63%	-0.57%
Average Drawdown Average peak-to-trough decline	-8.45%	-3.15%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	2.95%	+0.11%

Volatility

ADIV vs. ADVE - Volatility Comparison

The current volatility for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) is 4.35%, while Matthews Asia Dividend Active ETF (ADVE) has a volatility of 5.98%. 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	4.35%	5.98%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	14.42%	-3.88%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	16.89%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.48%	15.68%	+0.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	15.68%	+0.69%

ADIV vs. ADVE - Expense Ratio Comparison

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

Dividends

ADIV vs. ADVE - Dividend Comparison

ADIV's dividend yield for the trailing twelve months is around 2.79%, more than ADVE's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021
ADIV SmartETFs Asia Pacific Dividend Builder ETF	2.79%	2.77%	4.83%	4.55%	2.98%	13.85%
ADVE Matthews Asia Dividend Active ETF	2.46%	2.97%	6.00%	0.37%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ADIV and ADVE in my portfolio?

ADIV and ADVE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADIV or ADVE?

ADVE has higher volatility (5.98%) compared to ADIV (4.35%). In terms of maximum drawdown, ADIV dropped -31.55% vs ADVE's -18.41%.

Which ETF is better, ADIV or ADVE?

On 1-year performance, ADVE leads with 41.86% vs 19.14% for ADIV. On fees, ADIV is cheaper at 0.78% per year. On volatility, ADIV has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADIV or ADVE?

Over the 1-year period, ADVE has performed better with a 41.86% return vs 19.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADIV or ADVE?

ADIV is cheaper with a 0.78% expense ratio, compared with 0.79% for ADVE.

Which ETF pays a higher dividend yield, ADIV or ADVE?

ADIV has the higher dividend yield at 2.79%, compared with 2.46% for ADVE.

What is the main difference between ADIV and ADVE?

They also come from different issuers: Guinness Atkinson Asset Management and Matthews. Their fees differ too: 0.78% for ADIV and 0.79% for ADVE.

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (2.49 vs 1.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.