ETH-USD vs. MCHFX
ETH-USD (Ethereum) is a cryptocurrency, while MCHFX (Matthews China Fund) is China Equities fund managed by Matthews. Over the past 10 years, ETH-USD returned 61.34%/yr vs 6.83%/yr for MCHFX. At a 0.13 correlation, their price movements are largely independent.
Performance
ETH-USD vs. MCHFX - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -43.98% return, which is significantly lower than MCHFX's -1.92% return. Over the past 10 years, ETH-USD has outperformed MCHFX with an annualized return of 61.34%, while MCHFX has yielded a comparatively lower 6.83% annualized return.
ETH-USD
- 1D
- -1.64%
- 1M
- -28.55%
- YTD
- -43.98%
- 6M
- -46.81%
- 1Y
- -33.81%
- 3Y*
- -3.34%
- 5Y*
- -8.64%
- 10Y*
- 61.34%
MCHFX
- 1D
- -3.49%
- 1M
- -3.87%
- YTD
- -1.92%
- 6M
- -3.81%
- 1Y
- 17.05%
- 3Y*
- 10.63%
- 5Y*
- -7.08%
- 10Y*
- 6.83%
ETH-USD vs. MCHFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -43.98% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
MCHFX Matthews China Fund | -1.92% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
Correlation
The correlation between ETH-USD and MCHFX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.13 |
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Return for Risk
ETH-USD vs. MCHFX — Risk / Return Rank
ETH-USD
MCHFX
ETH-USD vs. MCHFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
| ETH-USD | MCHFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.36 | ||
| Sortino ratioReturn per unit of downside risk | -1.74 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.16 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 1.13 | -1.63 |
| Martin ratioReturn relative to average drawdown | -0.88 | 2.99 | -3.87 |
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
| ETH-USD | MCHFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 0.87 | -1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | -0.24 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.26 | +0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.31 | +0.44 |
Drawdowns
ETH-USD vs. MCHFX - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than MCHFX's maximum drawdown of -67.02%. Use the drawdown chart below to compare losses from any high point for ETH-USD and MCHFX.
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Drawdown Indicators
| ETH-USD | MCHFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -67.02% | -26.99% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -15.58% | -51.95% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | -27.77% | -39.76% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -59.96% | -19.39% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -64.75% | -29.26% |
Current DrawdownCurrent decline from peak | -65.60% | -39.51% | -26.09% |
Average DrawdownAverage peak-to-trough decline | -50.89% | -22.11% | -28.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.58% | 5.78% | +38.80% |
Volatility
ETH-USD vs. MCHFX - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 16.88% compared to Matthews China Fund (MCHFX) at 8.02%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than MCHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | MCHFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.88% | 8.02% | +8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 46.80% | 15.55% | +31.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.55% | 20.27% | +36.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.65% | 29.99% | +29.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.04% | 26.65% | +51.39% |
Frequently Asked Questions
ETH-USD and MCHFX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (16.88%) compared to MCHFX (8.02%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs MCHFX's -67.02%.
MCHFX currently has the higher Sharpe Ratio (0.87 vs -0.50), 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.
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