ASIA vs. O

Last updated Jun 4, 2026

ASIA (Matthews Pacific Tiger Active ETF) is Asia Pacific Equities fund actively managed by Matthews, while O (Realty Income Corporation) is a stock. Over the past year, ASIA returned 66.09% vs 12.57% for O. At a 0.08 correlation, their price movements are largely independent.

Performance

ASIA vs. O - Performance Comparison

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

Returns By Period

In the year-to-date period, ASIA achieves a 33.47% return, which is significantly higher than O's 8.26% return.

ASIA

• 1D: -1.35%
• 1M: 11.70%
• YTD: 33.47%
• 6M: 38.00%
• 1Y: 66.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

O

• 1D: -0.32%
• 1M: -5.46%
• YTD: 8.26%
• 6M: 5.55%
• 1Y: 12.57%
• 3Y*: 5.73%
• 5Y*: 2.47%
• 10Y*: 4.58%

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

ASIA vs. O - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASIA Matthews Pacific Tiger Active ETF	33.47%	32.06%	3.41%	0.01%
O Realty Income Corporation	8.26%	12.20%	-2.11%	13.60%

Correlation

The correlation between ASIA and O is 0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.03
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.08

Return for Risk

ASIA vs. O — Risk / Return Rank

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

ASIA

ASIA Risk / Return Rank: 86
ASIA Sharpe Ratio Rank: 89
ASIA Sortino Ratio Rank: 83
ASIA Omega Ratio Rank: 88
ASIA Calmar Ratio Rank: 84
ASIA Martin Ratio Rank: 83

O

O Risk / Return Rank: 61
O Sharpe Ratio Rank: 66
O Sortino Ratio Rank: 56
O Omega Ratio Rank: 55
O Calmar Ratio Rank: 63
O Martin Ratio Rank: 65

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. O - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Active ETF (ASIA) and Realty Income Corporation (O). 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.

	ASIA	O	Difference
Sharpe ratio: Return per unit of total volatility	3.08	0.79	+2.29
Sortino ratio: Return per unit of downside risk	3.78	1.13	+2.64
Omega ratio: Gain probability vs. loss probability	1.55	1.14	+0.41
Calmar ratio: Return relative to maximum drawdown	4.59	1.14	+3.45
Martin ratio: Return relative to average drawdown	17.09	2.88	+14.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASIA vs. O - Sharpe Ratio Comparison

The current ASIA Sharpe Ratio is 3.08, which is higher than the O Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of ASIA and O, 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

	ASIA	O	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.08	0.79	+2.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.13	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.24	0.48	+0.76

Drawdowns

ASIA vs. O - Drawdown Comparison

The maximum ASIA drawdown since its inception was -23.95%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for ASIA and O.

Drawdown Indicators

	ASIA	O	Difference
Max Drawdown Largest peak-to-trough decline	-23.95%	-48.45%	+24.50%
Max Drawdown (1Y) Largest decline over 1 year	-14.47%	-11.10%	-3.37%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.28%	—
Current Drawdown Current decline from peak	-1.35%	-10.44%	+9.09%
Average Drawdown Average peak-to-trough decline	-4.85%	-9.21%	+4.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	4.37%	-0.49%

Volatility

ASIA vs. O - Volatility Comparison

Matthews Pacific Tiger Active ETF (ASIA) has a higher volatility of 9.93% compared to Realty Income Corporation (O) at 5.48%. This indicates that ASIA's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASIA	O	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	5.48%	+4.45%
Volatility (6M) Calculated over the trailing 6-month period	18.57%	11.72%	+6.85%
Volatility (1Y) Calculated over the trailing 1-year period	21.56%	15.95%	+5.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.24%	18.87%	+1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	25.63%	-5.39%

Dividends

ASIA vs. O - Dividend Comparison

ASIA's dividend yield for the trailing twelve months is around 0.78%, less than O's 5.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASIA Matthews Pacific Tiger Active ETF	0.78%	1.05%	0.58%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
O Realty Income Corporation	5.42%	6.19%	5.37%	5.33%	4.68%	3.87%	4.51%	3.69%	4.19%	4.45%	4.18%	4.41%

Frequently Asked Questions

Can I hold both ASIA and O in my portfolio?

ASIA and O have a correlation of 0.03, 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 O?

ASIA has higher volatility (9.93%) compared to O (5.48%). In terms of maximum drawdown, ASIA dropped -23.95% vs O's -48.45%.

Which has better risk-adjusted returns?

ASIA currently has the higher Sharpe Ratio (3.08 vs 0.79), 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.