CNXT vs. ASIA

Last updated Jun 4, 2026

CNXT (VanEck Vectors ChinaAMC SME-ChiNext ETF) and ASIA (Matthews Pacific Tiger Active ETF) are both exchange-traded funds - CNXT is a China Equities fund tracking the SME-ChiNext 100 Index, while ASIA is a Asia Pacific Equities fund actively managed by Matthews. CNXT is passively managed, while ASIA is actively managed. Over the past year, CNXT returned 119.62% vs 66.09% for ASIA. A 0.55 correlation means they provide meaningful diversification when combined. CNXT charges 0.65%/yr vs 0.79%/yr for ASIA.

Performance

CNXT vs. ASIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Matthews Pacific Tiger Active ETF (ASIA). 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 CNXT having a 33.52% return and ASIA slightly lower at 33.47%.

CNXT

• 1D: 0.88%
• 1M: 10.51%
• YTD: 33.52%
• 6M: 41.38%
• 1Y: 119.62%
• 3Y*: 26.28%
• 5Y*: 4.09%
• 10Y*: 6.63%

ASIA

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

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

CNXT vs. ASIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	33.52%	59.31%	12.42%	-3.92%
ASIA Matthews Pacific Tiger Active ETF	33.47%	32.06%	3.41%	0.01%

Correlation

The correlation between CNXT and ASIA is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.55

The correlation between CNXT and ASIA has been stable across timeframes, ranging from 0.55 to 0.55 - a consistent structural relationship.

CNXT vs. ASIA - Sectors Allocation Comparison

Sectors	CNXT	ASIA
Technology	43.8%	46.6%
Industrials	33.2%	11.6%
Healthcare	7.0%	4.0%
Financial Services	5.6%	17.6%
Basic Materials	4.1%	2.5%
Consumer Defensive	2.6%	1.1%
Communication Services	2.5%	5.1%
Consumer Cyclical	1.2%	7.5%
Energy	-	2.1%
Real Estate	-	2.9%
Utilities	-	-

Return for Risk

CNXT vs. ASIA — Risk / Return Rank

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

CNXT

CNXT Risk / Return Rank: 93
CNXT Sharpe Ratio Rank: 95
CNXT Sortino Ratio Rank: 92
CNXT Omega Ratio Rank: 89
CNXT Calmar Ratio Rank: 96
CNXT Martin Ratio Rank: 95

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

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.

CNXT vs. ASIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Matthews Pacific Tiger Active ETF (ASIA). 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.

	CNXT	ASIA	Difference
Sharpe ratio: Return per unit of total volatility	3.92	3.08	+0.84
Sortino ratio: Return per unit of downside risk	4.53	3.78	+0.75
Omega ratio: Gain probability vs. loss probability	1.57	1.55	+0.02
Calmar ratio: Return relative to maximum drawdown	9.85	4.59	+5.26
Martin ratio: Return relative to average drawdown	30.18	17.09	+13.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNXT vs. ASIA - Sharpe Ratio Comparison

The current CNXT Sharpe Ratio is 3.92, which is comparable to the ASIA Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of CNXT and ASIA, 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

	CNXT	ASIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.92	3.08	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.12	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	1.24	-1.02

Drawdowns

CNXT vs. ASIA - Drawdown Comparison

The maximum CNXT drawdown since its inception was -68.98%, which is greater than ASIA's maximum drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for CNXT and ASIA.

Drawdown Indicators

	CNXT	ASIA	Difference
Max Drawdown Largest peak-to-trough decline	-68.98%	-23.95%	-45.03%
Max Drawdown (1Y) Largest decline over 1 year	-12.21%	-14.47%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-48.60%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.21%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-63.30%	—	—
Current Drawdown Current decline from peak	-2.15%	-1.35%	-0.80%
Average Drawdown Average peak-to-trough decline	-42.94%	-4.85%	-38.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	3.88%	+0.10%

Volatility

CNXT vs. ASIA - Volatility Comparison

VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Matthews Pacific Tiger Active ETF (ASIA) have volatilities of 10.24% and 9.93%, 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

	CNXT	ASIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.24%	9.93%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	19.98%	18.57%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	30.74%	21.56%	+9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.27%	20.24%	+15.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.64%	20.24%	+11.40%

CNXT vs. ASIA - Expense Ratio Comparison

CNXT has a 0.65% expense ratio, which is lower than ASIA's 0.79% expense ratio.

Dividends

CNXT vs. ASIA - Dividend Comparison

CNXT's dividend yield for the trailing twelve months is around 0.13%, less than ASIA's 0.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF	0.13%	0.18%	0.15%	0.00%	0.00%	9.22%	0.01%	0.45%	0.00%	0.19%

Frequently Asked Questions

Can I hold both CNXT and ASIA in my portfolio?

CNXT and ASIA have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNXT or ASIA?

CNXT has higher volatility (10.24%) compared to ASIA (9.93%). In terms of maximum drawdown, CNXT dropped -68.98% vs ASIA's -23.95%.

Which ETF is better, CNXT or ASIA?

On 1-year performance, CNXT leads with 119.62% vs 66.09% for ASIA. On fees, CNXT is cheaper at 0.65% per year. On volatility, ASIA has been the lower-risk option at 9.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CNXT or ASIA?

Over the 1-year period, CNXT has performed better with a 119.62% return vs 66.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNXT or ASIA?

CNXT is cheaper with a 0.65% expense ratio, compared with 0.79% for ASIA.

Which ETF pays a higher dividend yield, CNXT or ASIA?

ASIA has the higher dividend yield at 0.78%, compared with 0.13% for CNXT.

What is the main difference between CNXT and ASIA?

CNXT is categorized as China Equities, while ASIA is Asia Pacific Equities. They also come from different issuers: VanEck and Matthews. Their fees differ too: 0.65% for CNXT and 0.79% for ASIA.

Which has better risk-adjusted returns?

CNXT currently has the higher Sharpe Ratio (3.92 vs 3.08), 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.