CACX.L vs. MCHFX

Last updated Jun 9, 2026

CACX.L (Lyxor CAC 40 (DR) UCITS ETF - Dist) and MCHFX (Matthews China Fund) are both funds - CACX.L is a Europe Equities fund tracking the Euronext Paris CAC 40 NR EUR, while MCHFX is a China Equities fund managed by Matthews. Over the past 10 years, CACX.L returned 11.41%/yr vs 7.76%/yr for MCHFX. At a 0.32 correlation, their price movements are largely independent. CACX.L charges 0.25%/yr vs 1.12%/yr for MCHFX.

Performance

CACX.L vs. MCHFX - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) and Matthews China Fund (MCHFX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CACX.L is traded in GBp, while MCHFX is traded in USD. To make them comparable, the MCHFX values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CACX.L achieves a 2.38% return, which is significantly higher than MCHFX's -0.93% return. Over the past 10 years, CACX.L has outperformed MCHFX with an annualized return of 11.41%, while MCHFX has yielded a comparatively lower 7.76% annualized return.

CACX.L

• 1D: 0.06%
• 1M: 2.38%
• YTD: 2.38%
• 6M: 2.87%
• 1Y: 11.26%
• 3Y*: 7.92%
• 5Y*: 7.66%
• 10Y*: 11.41%

MCHFX

• 1D: -2.88%
• 1M: -1.76%
• YTD: -0.93%
• 6M: -3.94%
• 1Y: 18.69%
• 3Y*: 8.03%
• 5Y*: -5.96%
• 10Y*: 7.76%

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

CACX.L vs. MCHFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CACX.L Lyxor CAC 40 (DR) UCITS ETF - Dist	2.38%	19.60%	-4.39%	16.83%	-0.56%	22.14%	0.79%	26.03%	-5.19%	19.33%
MCHFX Matthews China Fund	-0.93%	20.57%	19.90%	-23.25%	-15.39%	-18.65%	38.87%	29.46%	-16.50%	45.33%

Correlation

The correlation between CACX.L and MCHFX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008	0.32

Return for Risk

CACX.L vs. MCHFX — Risk / Return Rank

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

CACX.L

CACX.L Risk / Return Rank: 24
CACX.L Sharpe Ratio Rank: 24
CACX.L Sortino Ratio Rank: 23
CACX.L Omega Ratio Rank: 24
CACX.L Calmar Ratio Rank: 23
CACX.L Martin Ratio Rank: 24

MCHFX

MCHFX Risk / Return Rank: 12
MCHFX Sharpe Ratio Rank: 12
MCHFX Sortino Ratio Rank: 13
MCHFX Omega Ratio Rank: 12
MCHFX Calmar Ratio Rank: 13
MCHFX Martin Ratio Rank: 12

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.

CACX.L vs. MCHFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) and Matthews China Fund (MCHFX). 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.

	CACX.L	MCHFX	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.04	-0.27
Sortino ratio: Return per unit of downside risk	1.16	1.58	-0.42
Omega ratio: Gain probability vs. loss probability	1.15	1.19	-0.04
Calmar ratio: Return relative to maximum drawdown	0.95	1.25	-0.30
Martin ratio: Return relative to average drawdown	2.88	2.94	-0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CACX.L vs. MCHFX - Sharpe Ratio Comparison

The current CACX.L Sharpe Ratio is 0.77, which is comparable to the MCHFX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of CACX.L and MCHFX, 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

	CACX.L	MCHFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	1.04	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	-0.21	+0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	0.30	+0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.25	-0.09

Drawdowns

CACX.L vs. MCHFX - Drawdown Comparison

The maximum CACX.L drawdown since its inception was -54.68%, smaller than the maximum MCHFX drawdown of -61.30%. Use the drawdown chart below to compare losses from any high point for CACX.L and MCHFX.

Drawdown Indicators

	CACX.L	MCHFX	Difference
Max Drawdown Largest peak-to-trough decline	-54.68%	-61.30%	+6.62%
Max Drawdown (1Y) Largest decline over 1 year	-11.81%	-15.79%	+3.98%
Max Drawdown (3Y) Largest decline over 3 years	-14.77%	-26.58%	+11.81%
Max Drawdown (5Y) Largest decline over 5 years	-19.36%	-56.08%	+36.72%
Max Drawdown (10Y) Largest decline over 10 years	-32.83%	-61.30%	+28.47%
Current Drawdown Current decline from peak	-3.75%	-37.13%	+33.38%
Average Drawdown Average peak-to-trough decline	-19.48%	-21.13%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.90%	6.59%	-2.69%

Volatility

CACX.L vs. MCHFX - Volatility Comparison

The current volatility for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) is 3.34%, while Matthews China Fund (MCHFX) has a volatility of 7.26%. This indicates that CACX.L experiences smaller price fluctuations and is considered to be less risky than MCHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CACX.L	MCHFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.34%	7.26%	-3.92%
Volatility (6M) Calculated over the trailing 6-month period	11.18%	14.42%	-3.24%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	18.94%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.71%	28.49%	-11.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	26.02%	-8.35%

CACX.L vs. MCHFX - Expense Ratio Comparison

CACX.L has a 0.25% expense ratio, which is lower than MCHFX's 1.12% expense ratio.

Dividends

CACX.L vs. MCHFX - Dividend Comparison

CACX.L's dividend yield for the trailing twelve months is around 2.84%, more than MCHFX's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CACX.L Lyxor CAC 40 (DR) UCITS ETF - Dist	2.84%	2.90%	3.00%	2.79%	2.54%	1.95%	1.66%	4.70%	6.43%	4.82%	3.49%	3.46%
MCHFX Matthews China Fund	1.38%	1.36%	1.91%	0.78%	7.53%	6.54%	1.25%	1.12%	22.28%	10.31%	13.66%	19.24%

Frequently Asked Questions

Can I hold both CACX.L and MCHFX in my portfolio?

CACX.L and MCHFX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.