ASIA vs. MAPTX

Last updated Jun 23, 2026

ASIA (Matthews Pacific Tiger Active ETF) and MAPTX (Matthews Pacific Tiger Fund) are both Asia Pacific Equities funds from Matthews. Over the past year, ASIA returned 70.76% vs 67.41% for MAPTX. Their correlation of 0.91 suggests significant overlap in exposure. ASIA charges 0.79%/yr vs 1.09%/yr for MAPTX.

Performance

ASIA vs. MAPTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Pacific Tiger Active ETF (ASIA) and Matthews Pacific Tiger Fund (MAPTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ASIA having a 38.62% return and MAPTX slightly lower at 37.37%.

ASIA

• 1D: 1.18%
• 1M: 10.36%
• YTD: 38.62%
• 6M: 40.85%
• 1Y: 70.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MAPTX

• 1D: 3.91%
• 1M: 8.21%
• YTD: 37.37%
• 6M: 40.05%
• 1Y: 67.41%
• 3Y*: 19.56%
• 5Y*: 1.92%
• 10Y*: 7.13%

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

ASIA vs. MAPTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASIA Matthews Pacific Tiger Active ETF	38.62%	32.06%	3.41%	0.01%
MAPTX Matthews Pacific Tiger Fund	37.37%	30.07%	3.25%	1.68%

Correlation

The correlation between ASIA and MAPTX is 0.85, 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	0.85
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.91

The correlation between ASIA and MAPTX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

ASIA vs. MAPTX — Risk / Return Rank

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

ASIA

ASIA Risk / Return Rank: 87
ASIA Sharpe Ratio Rank: 90
ASIA Sortino Ratio Rank: 82
ASIA Omega Ratio Rank: 89
ASIA Calmar Ratio Rank: 88
ASIA Martin Ratio Rank: 86

MAPTX

MAPTX Risk / Return Rank: 91
MAPTX Sharpe Ratio Rank: 95
MAPTX Sortino Ratio Rank: 84
MAPTX Omega Ratio Rank: 89
MAPTX Calmar Ratio Rank: 94
MAPTX Martin Ratio Rank: 93

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.

ASIA vs. MAPTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Active ETF (ASIA) and Matthews Pacific Tiger Fund (MAPTX). 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.

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.

	ASIA	MAPTX	Difference
Sharpe ratio: Return per unit of total volatility	2.92	3.11	-0.19
Sortino ratio: Return per unit of downside risk	3.48	3.70	-0.22
Omega ratio: Gain probability vs. loss probability	1.54	1.61	-0.07
Calmar ratio: Return relative to maximum drawdown	4.91	4.94	-0.02
Martin ratio: Return relative to average drawdown	17.48	17.93	-0.44

ASIA vs. MAPTX - Sharpe Ratio Comparison

The current ASIA Sharpe Ratio is 2.92, which is comparable to the MAPTX Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of ASIA and MAPTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASIA vs. MAPTX - Drawdown Comparison

The maximum ASIA drawdown since its inception was -23.95%, smaller than the maximum MAPTX drawdown of -69.79%. Use the drawdown chart below to compare losses from any high point for ASIA and MAPTX.

Drawdown Indicators

	ASIA	MAPTX	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-69.79%	+45.84%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-14.03%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-48.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-52.31%	—
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-4.84%	-17.42%	+12.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.06%	3.81%	+0.25%

Volatility

ASIA vs. MAPTX - Volatility Comparison

Matthews Pacific Tiger Active ETF (ASIA) and Matthews Pacific Tiger Fund (MAPTX) have volatilities of 13.30% and 12.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASIA	MAPTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.30%	12.71%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	21.85%	20.24%	+1.61%
Volatility (1Y) Calculated over the trailing 1-year period	24.41%	22.28%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.27%	20.58%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.27%	18.52%	+2.75%

ASIA vs. MAPTX - Expense Ratio Comparison

ASIA has a 0.79% expense ratio, which is lower than MAPTX's 1.09% expense ratio.

Dividends

ASIA vs. MAPTX - Dividend Comparison

ASIA's dividend yield for the trailing twelve months is around 0.75%, less than MAPTX's 1.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASIA Matthews Pacific Tiger Active ETF	0.75%	1.05%	0.58%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAPTX Matthews Pacific Tiger Fund	1.69%	2.33%	8.93%	2.93%	8.52%	4.85%	5.74%	3.44%	4.78%	1.25%	2.61%	11.18%

Frequently Asked Questions

Can I hold both ASIA and MAPTX in my portfolio?

ASIA and MAPTX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASIA or MAPTX?

ASIA has higher volatility (13.30%) compared to MAPTX (12.71%). In terms of maximum drawdown, ASIA dropped -23.95% vs MAPTX's -69.79%.

Which has better risk-adjusted returns?

MAPTX currently has the higher Sharpe Ratio (3.11 vs 2.92), 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.