CNXT vs. MCH
Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Matthews China Active ETF (MCH).
CNXT and MCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. MCH is an actively managed fund by Matthews. It was launched on Jul 13, 2022.
Performance
CNXT vs. MCH - Performance Comparison
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CNXT vs. MCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 1.90% | 59.31% | 12.42% | -21.47% | -19.36% |
MCH Matthews China Active ETF | -7.05% | 30.20% | 17.32% | -19.91% | -3.12% |
Returns By Period
In the year-to-date period, CNXT achieves a 1.90% return, which is significantly higher than MCH's -7.05% return.
CNXT
- 1D
- -1.26%
- 1M
- 0.13%
- YTD
- 1.90%
- 6M
- 0.72%
- 1Y
- 67.16%
- 3Y*
- 11.12%
- 5Y*
- 1.21%
- 10Y*
- 3.80%
MCH
- 1D
- -0.98%
- 1M
- -4.70%
- YTD
- -7.05%
- 6M
- -12.90%
- 1Y
- 11.58%
- 3Y*
- 4.42%
- 5Y*
- —
- 10Y*
- —
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CNXT vs. MCH - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is lower than MCH's 0.79% expense ratio.
Return for Risk
CNXT vs. MCH — Risk / Return Rank
CNXT
MCH
CNXT vs. MCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Matthews China Active ETF (MCH). 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 | MCH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 0.39 | +1.60 |
Sortino ratioReturn per unit of downside risk | 2.51 | 0.69 | +1.82 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.09 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 3.65 | 0.53 | +3.12 |
Martin ratioReturn relative to average drawdown | 13.32 | 1.63 | +11.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CNXT | MCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 0.39 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.03 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.09 | +0.07 |
Correlation
The correlation between CNXT and MCH is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CNXT vs. MCH - Dividend Comparison
CNXT's dividend yield for the trailing twelve months is around 0.18%, less than MCH's 1.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.18% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
MCH Matthews China Active ETF | 1.89% | 1.76% | 1.31% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNXT vs. MCH - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, which is greater than MCH's maximum drawdown of -40.53%. Use the drawdown chart below to compare losses from any high point for CNXT and MCH.
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Drawdown Indicators
| CNXT | MCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.98% | -40.53% | -28.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.21% | -15.05% | +2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -61.21% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.30% | — | — |
Current DrawdownCurrent decline from peak | -25.32% | -13.66% | -11.66% |
Average DrawdownAverage peak-to-trough decline | -43.40% | -19.06% | -24.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 5.69% | -0.94% |
Volatility
CNXT vs. MCH - Volatility Comparison
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a higher volatility of 7.41% compared to Matthews China Active ETF (MCH) at 6.93%. This indicates that CNXT's price experiences larger fluctuations and is considered to be riskier than MCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNXT | MCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 6.93% | +0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 19.84% | 14.52% | +5.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.92% | 23.83% | +8.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.91% | 29.84% | +5.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.53% | 29.84% | +1.69% |