CAS vs. MCHS
CAS (Simplify China A Shares PLUS Income ETF) and MCHS (Matthews China Discovery Active ETF) are both China Equities funds. Both are actively managed. Their correlation of 0.83 suggests significant overlap in exposure. CAS charges 0.88%/yr vs 0.89%/yr for MCHS.
Performance
CAS vs. MCHS - Performance Comparison
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Returns By Period
CAS
- 1D
- -2.90%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MCHS
- 1D
- -4.50%
- 1M
- 6.46%
- YTD
- 51.63%
- 6M
- 50.45%
- 1Y
- 81.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CAS vs. MCHS - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CAS Simplify China A Shares PLUS Income ETF | 0.48% |
MCHS Matthews China Discovery Active ETF | 3.03% |
Correlation
The correlation between CAS and MCHS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.83 |
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Return for Risk
CAS vs. MCHS — Risk / Return Rank
CAS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MCHS
CAS vs. MCHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) 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.
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.
| CAS | MCHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.55 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.71 | — |
| Martin ratioReturn relative to average drawdown | — | 19.57 | — |
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Drawdowns
CAS vs. MCHS - Drawdown Comparison
The maximum CAS drawdown since its inception was -6.84%, smaller than the maximum MCHS drawdown of -23.75%. Use the drawdown chart below to compare losses from any high point for CAS and MCHS.
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Drawdown Indicators
| CAS | MCHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.84% | -23.75% | +16.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.15% | — |
Current DrawdownCurrent decline from peak | -2.90% | -4.50% | +1.60% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -7.53% | +4.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.16% | — |
Volatility
CAS vs. MCHS - Volatility Comparison
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Volatility by Period
| CAS | MCHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.48% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.91% | 25.11% | +3.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.91% | 28.95% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.91% | 28.95% | -0.04% |
CAS vs. MCHS - Expense Ratio Comparison
CAS has a 0.88% expense ratio, which is lower than MCHS's 0.89% expense ratio.
Dividends
CAS vs. MCHS - Dividend Comparison
CAS has not paid dividends to shareholders, while MCHS's dividend yield for the trailing twelve months is around 2.35%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CAS Simplify China A Shares PLUS Income ETF | 0.00% | 0.00% | 0.00% |
MCHS Matthews China Discovery Active ETF | 2.35% | 3.56% | 5.48% |
Frequently Asked Questions
CAS and MCHS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CAS is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CAS is cheaper with a 0.88% expense ratio, compared with 0.89% for MCHS.
MCHS has the higher dividend yield at 2.35%, compared with 0.00% for CAS.
They also come from different issuers: Simplify and Matthews. Their fees differ too: 0.88% for CAS and 0.89% for MCHS.
Find the right allocation for CAS and MCHS
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