DVYA vs. MKOR

Last updated Aug 4, 2026

DVYA (iShares Asia/Pacific Dividend ETF) and MKOR (Matthews Korea Active ETF) are both exchange-traded funds - DVYA is a Asia Pacific Equities fund tracking the Dow Jones Asia/Pacific Select Dividend 30 Index, while MKOR is a South Korea Equities fund actively managed by Matthews. DVYA is passively managed, while MKOR is actively managed. Over the past 3 years, DVYA returned 21.36%/yr vs 32.37%/yr for MKOR. Their 0.51 correlation means they have sometimes moved together and sometimes differently. DVYA charges 0.49%/yr vs 0.79%/yr for MKOR.

Performance

DVYA vs. MKOR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia/Pacific Dividend ETF (DVYA) and Matthews Korea Active ETF (MKOR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVYA achieves a 17.53% return, which is significantly lower than MKOR's 59.13% return.

DVYA

• 1D: -0.65%
• 1M: 6.67%
• 6M: 7.83%
• YTD: 17.53%
• 1Y: 33.61%
• 3Y*: 21.36%
• 5Y*: 11.40%
• 10Y*: 6.57%
• ALL TIME*: 5.46%

MKOR

• 1D: 2.25%
• 1M: -10.44%
• 6M: 28.23%
• YTD: 59.13%
• 1Y: 108.28%
• 3Y*: 32.37%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 30.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVYA iShares Asia/Pacific Dividend ETF	$231.55K	$344.93K	$287.92K
MKOR Matthews Korea Active ETF	$731.81K	$1.04M	$1.49M

DVYA vs. MKOR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DVYA iShares Asia/Pacific Dividend ETF	17.53%	30.22%	6.05%	9.73%
MKOR Matthews Korea Active ETF	59.13%	70.33%	-15.76%	-2.52%

Correlation

The correlation between DVYA and MKOR is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (All Time) Calculated using the full available price history since Jul 17, 2023	0.51

The correlation between DVYA and MKOR has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.

DVYA vs. MKOR - Sectors Allocation Comparison

Sectors	DVYA	MKOR
Financial Services	34.1%	10.1%
Basic Materials	15.4%	1.4%
Consumer Cyclical	10.9%	6.8%
Real Estate	9.6%	-
Industrials	6.3%	24.6%
Energy	5.0%	0.7%
Consumer Defensive	4.8%	1.7%
Communication Services	4.3%	2.4%
Utilities	4.2%	0.6%
Healthcare	3.7%	1.6%
Technology	1.6%	51.5%

Return for Risk

DVYA vs. MKOR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DVYA

DVYA Risk / Return Rank: 90
DVYA Sharpe Ratio Rank: 93
DVYA Sortino Ratio Rank: 92
DVYA Omega Ratio Rank: 91
DVYA Calmar Ratio Rank: 90
DVYA Martin Ratio Rank: 83

MKOR

MKOR Risk / Return Rank: 86
MKOR Sharpe Ratio Rank: 91
MKOR Sortino Ratio Rank: 81
MKOR Omega Ratio Rank: 85
MKOR Calmar Ratio Rank: 88
MKOR Martin Ratio Rank: 87

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DVYA vs. MKOR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Asia/Pacific Dividend ETF (DVYA) and Matthews Korea Active ETF (MKOR). 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.

	DVYA	MKOR	Difference
Sharpe ratio: Return per unit of total volatility	2.54	2.41	+0.13
Sortino ratio: Return per unit of downside risk	3.41	2.77	+0.64
Omega ratio: Gain probability vs. loss probability	1.44	1.38	+0.06
Calmar ratio: Return relative to maximum drawdown	3.91	3.70	+0.21
Martin ratio: Return relative to average drawdown	11.58	13.33	-1.75

DVYA vs. MKOR - Sharpe Ratio Comparison

The current DVYA Sharpe Ratio is 2.54, which is comparable to the MKOR Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of DVYA and MKOR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DVYA vs. MKOR - Drawdown Comparison

The maximum DVYA drawdown since its inception was -45.61%, which is greater than MKOR's maximum drawdown of -29.42%. Use the drawdown chart below to compare losses from any high point for DVYA and MKOR.

Drawdown Indicators

	DVYA	MKOR	Difference
Max Drawdown Largest peak-to-trough decline	-45.61%	-29.42%	-16.19%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-29.42%	+20.78%
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	-29.42%	+10.27%
Max Drawdown (5Y) Largest decline over 5 years	-25.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.61%	—	—
Current Drawdown Current decline from peak	-1.78%	-22.80%	+21.02%
Average Drawdown Average peak-to-trough decline	-9.99%	-6.66%	-3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	8.15%	-5.24%

Volatility

DVYA vs. MKOR - Volatility Comparison

The current volatility for iShares Asia/Pacific Dividend ETF (DVYA) is 3.43%, while Matthews Korea Active ETF (MKOR) has a volatility of 16.59%. This indicates that DVYA experiences smaller price fluctuations and is considered to be less risky than MKOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVYA	MKOR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	16.59%	-13.16%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	42.23%	-31.61%
Volatility (1Y) Calculated over the trailing 1-year period	13.33%	45.23%	-31.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	30.56%	-15.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.41%	30.56%	-13.15%

DVYA vs. MKOR - Expense Ratio Comparison

DVYA has a 0.49% expense ratio, which is lower than MKOR's 0.79% expense ratio.

Dividends

DVYA vs. MKOR - Dividend Comparison

DVYA's dividend yield for the trailing twelve months is around 4.41%, more than MKOR's 1.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DVYA iShares Asia/Pacific Dividend ETF	4.41%	4.71%	5.97%	6.48%	7.29%	5.81%	3.66%	5.52%	6.24%	4.74%	4.79%	5.33%
MKOR Matthews Korea Active ETF	1.65%	2.62%	5.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DVYA and MKOR in my portfolio?

DVYA and MKOR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVYA or MKOR?

MKOR has higher volatility (16.59%) compared to DVYA (3.43%). In terms of maximum drawdown, DVYA dropped -45.61% vs MKOR's -29.42%.

Which ETF is better, DVYA or MKOR?

On 3-year performance, MKOR leads with 32.37% vs 21.36% for DVYA. On fees, DVYA is cheaper at 0.49% per year. On volatility, DVYA has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DVYA or MKOR?

Over the 3-year period, MKOR has performed better with a 32.37% return vs 21.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DVYA or MKOR?

DVYA is cheaper with a 0.49% expense ratio, compared with 0.79% for MKOR.

Which ETF pays a higher dividend yield, DVYA or MKOR?

DVYA has the higher dividend yield at 4.41%, compared with 1.65% for MKOR.

What is the main difference between DVYA and MKOR?

DVYA is categorized as Asia Pacific Equities, while MKOR is South Korea Equities. They also come from different issuers: iShares and Matthews. Their fees differ too: 0.49% for DVYA and 0.79% for MKOR.

Which has better risk-adjusted returns?

DVYA currently has the higher Sharpe Ratio (2.54 vs 2.41), 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.