AFTY vs. MCHS

Last updated Jun 4, 2026

AFTY (Pacer CSOP FTSE China A50 ETF) and MCHS (Matthews China Discovery Active ETF) are both China Equities funds. AFTY is passively managed, while MCHS is actively managed. At a 0.31 correlation, their price movements are largely independent. AFTY charges 0.70%/yr vs 0.89%/yr for MCHS.

Performance

AFTY vs. MCHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer CSOP FTSE China A50 ETF (AFTY) and Matthews China Discovery Active ETF (MCHS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AFTY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MCHS

• 1D: 0.03%
• 1M: 8.54%
• YTD: 44.10%
• 6M: 45.75%
• 1Y: 74.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AFTY vs. MCHS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	26.41%
MCHS Matthews China Discovery Active ETF	44.10%	31.19%	6.53%

Correlation

The correlation between AFTY and MCHS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.31

AFTY vs. MCHS - Sectors Allocation Comparison

Sectors	AFTY	MCHS
Financial Services	50.4%	-
Basic Materials	15.5%	9.0%
Energy	11.5%	3.9%
Technology	7.4%	31.5%
Consumer Defensive	6.1%	0.8%
Industrials	4.7%	32.9%
Utilities	4.4%	2.1%
Communication Services	-	1.2%
Consumer Cyclical	-	12.5%
Healthcare	-	4.4%
Real Estate	-	3.7%

Return for Risk

AFTY vs. MCHS — Risk / Return Rank

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

MCHS

MCHS Risk / Return Rank: 90
MCHS Sharpe Ratio Rank: 92
MCHS Sortino Ratio Rank: 89
MCHS Omega Ratio Rank: 88
MCHS Calmar Ratio Rank: 92
MCHS 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.

AFTY vs. MCHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer CSOP FTSE China A50 ETF (AFTY) and Matthews China Discovery Active ETF (MCHS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AFTY	MCHS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.21	—

Drawdowns

Drawdown Indicators

	AFTY	MCHS	Difference
Max Drawdown Largest peak-to-trough decline	—	-23.75%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.15%	—
Current Drawdown Current decline from peak	—	-3.27%	—
Average Drawdown Average peak-to-trough decline	—	-7.61%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.02%	—

Volatility

Volatility by Period

	AFTY	MCHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.74%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	28.24%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.24%	—

AFTY vs. MCHS - Expense Ratio Comparison

AFTY has a 0.70% expense ratio, which is lower than MCHS's 0.89% expense ratio.

Dividends

AFTY vs. MCHS - Dividend Comparison

AFTY has not paid dividends to shareholders, while MCHS's dividend yield for the trailing twelve months is around 2.47%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	0.00%	2.23%	2.08%	1.84%	1.48%	7.96%	1.85%	6.62%	1.19%	16.76%
MCHS Matthews China Discovery Active ETF	2.47%	3.56%	5.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFTY and MCHS in my portfolio?

AFTY and MCHS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFTY or MCHS?

On fees, AFTY is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFTY or MCHS?

AFTY is cheaper with a 0.70% expense ratio, compared with 0.89% for MCHS.

Which ETF pays a higher dividend yield, AFTY or MCHS?

MCHS has the higher dividend yield at 2.47%, compared with 0.00% for AFTY.

What is the main difference between AFTY and MCHS?

They also come from different issuers: Pacer and Matthews. Their fees differ too: 0.70% for AFTY and 0.89% for MCHS.