ASIA vs. MEGMX
ASIA (Matthews Pacific Tiger Active ETF) and MEGMX (Matthews Emerging Markets Equity Fund) are both funds - ASIA is a Asia Pacific Equities fund actively managed by Matthews, while MEGMX is a Emerging Markets Diversified fund managed by Matthews. Over the past year, ASIA returned 41.39% vs 45.75% for MEGMX. Their correlation of 0.88 suggests significant overlap in exposure. ASIA charges 0.79%/yr vs 1.08%/yr for MEGMX.
Performance
ASIA vs. MEGMX - Performance Comparison
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Returns By Period
In the year-to-date period, ASIA achieves a 19.88% return, which is significantly lower than MEGMX's 28.19% return.
ASIA
- 1D
- -3.99%
- 1M
- -6.33%
- 6M
- 12.73%
- YTD
- 19.88%
- 1Y
- 41.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEGMX
- 1D
- 0.57%
- 1M
- -2.42%
- 6M
- 21.45%
- YTD
- 28.19%
- 1Y
- 45.75%
- 3Y*
- 23.46%
- 5Y*
- 7.71%
- 10Y*
- —
ASIA vs. MEGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASIA Matthews Pacific Tiger Active ETF | 19.88% | 32.06% | 3.41% | 0.01% |
MEGMX Matthews Emerging Markets Equity Fund | 28.19% | 29.37% | 11.11% | 6.55% |
Correlation
The correlation between ASIA and MEGMX is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.88 |
The correlation between ASIA and MEGMX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.
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Return for Risk
ASIA vs. MEGMX — Risk / Return Rank
ASIA
MEGMX
ASIA vs. MEGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Active ETF (ASIA) and Matthews Emerging Markets Equity Fund (MEGMX). 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 | MEGMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.38 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 3.08 | -0.21 |
| Martin ratioReturn relative to average drawdown | 9.13 | 10.67 | -1.54 |
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Drawdowns
ASIA vs. MEGMX - Drawdown Comparison
The maximum ASIA drawdown since its inception was -23.95%, smaller than the maximum MEGMX drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for ASIA and MEGMX.
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Drawdown Indicators
| ASIA | MEGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.95% | -37.64% | +13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -14.47% | -15.34% | +0.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.54% | — |
Current DrawdownCurrent decline from peak | -13.52% | -7.89% | -5.63% |
Average DrawdownAverage peak-to-trough decline | -4.91% | -14.42% | +9.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.55% | 4.36% | +0.19% |
Volatility
ASIA vs. MEGMX - Volatility Comparison
Matthews Pacific Tiger Active ETF (ASIA) has a higher volatility of 13.93% compared to Matthews Emerging Markets Equity Fund (MEGMX) at 12.56%. This indicates that ASIA's price experiences larger fluctuations and is considered to be riskier than MEGMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIA | MEGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.93% | 12.56% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 24.35% | 22.48% | +1.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.59% | 24.17% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.05% | 18.68% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.05% | 18.54% | +3.51% |
ASIA vs. MEGMX - Expense Ratio Comparison
ASIA has a 0.79% expense ratio, which is lower than MEGMX's 1.08% expense ratio.
Dividends
ASIA vs. MEGMX - Dividend Comparison
ASIA's dividend yield for the trailing twelve months is around 0.87%, less than MEGMX's 2.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ASIA Matthews Pacific Tiger Active ETF | 0.87% | 1.05% | 0.58% | 0.12% | 0.00% | 0.00% | 0.00% |
MEGMX Matthews Emerging Markets Equity Fund | 2.32% | 2.97% | 0.92% | 1.82% | 1.81% | 7.76% | 2.26% |
Frequently Asked Questions
ASIA and MEGMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASIA has higher volatility (13.93%) compared to MEGMX (12.56%). In terms of maximum drawdown, ASIA dropped -23.95% vs MEGMX's -37.64%.
MEGMX currently has the higher Sharpe Ratio (1.95 vs 1.57), 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.
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