GOPIX vs. MCSMX

Last updated Jun 23, 2026

GOPIX (abrdn China A Share Equity Fund) and MCSMX (Matthews China Small Companies Fund) are both China Equities funds. A 0.72 correlation means they provide meaningful diversification when combined. GOPIX charges 0.99%/yr vs 1.41%/yr for MCSMX.

Performance

GOPIX vs. MCSMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn China A Share Equity Fund (GOPIX) and Matthews China Small Companies Fund (MCSMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GOPIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MCSMX

• 1D: 3.72%
• 1M: 9.06%
• YTD: 53.58%
• 6M: 52.25%
• 1Y: 85.81%
• 3Y*: 22.20%
• 5Y*: 3.08%
• 10Y*: 15.01%

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

GOPIX vs. MCSMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GOPIX abrdn China A Share Equity Fund	0.00%	25.89%	5.70%	-24.96%	-22.46%	-3.67%	56.93%	31.74%	-11.87%	35.06%
MCSMX Matthews China Small Companies Fund	53.58%	28.85%	2.82%	-17.50%	-31.25%	6.71%	82.73%	35.41%	-17.65%	53.71%

Correlation

The correlation between GOPIX and MCSMX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.72

Over the past year, the correlation between GOPIX and MCSMX has dropped to 0.24 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

Return for Risk

GOPIX vs. MCSMX — Risk / Return Rank

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

GOPIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MCSMX

MCSMX Risk / Return Rank: 94
MCSMX Sharpe Ratio Rank: 98
MCSMX Sortino Ratio Rank: 93
MCSMX Omega Ratio Rank: 89
MCSMX Calmar Ratio Rank: 97
MCSMX Martin Ratio Rank: 95

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.

GOPIX vs. MCSMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn China A Share Equity Fund (GOPIX) and Matthews China Small Companies Fund (MCSMX). 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.

	GOPIX	MCSMX	Difference
Sharpe ratio: Return per unit of total volatility	—	3.50	—
Sortino ratio: Return per unit of downside risk	—	4.36	—
Omega ratio: Gain probability vs. loss probability	—	1.60	—
Calmar ratio: Return relative to maximum drawdown	—	6.95	—
Martin ratio: Return relative to average drawdown	—	19.94	—

Drawdowns

Drawdown Indicators

	GOPIX	MCSMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-12.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-26.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-53.98%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.77%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-20.16%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.26%	—

Volatility

Volatility by Period

	GOPIX	MCSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.03%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	24.88%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.57%	—

GOPIX vs. MCSMX - Expense Ratio Comparison

GOPIX has a 0.99% expense ratio, which is lower than MCSMX's 1.41% expense ratio.

Dividends

GOPIX vs. MCSMX - Dividend Comparison

GOPIX's dividend yield for the trailing twelve months is around 1.46%, which matches MCSMX's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOPIX abrdn China A Share Equity Fund	1.46%	1.46%	1.29%	0.79%	0.00%	5.22%	1.42%	4.45%	0.41%	1.24%	1.40%	2.03%
MCSMX Matthews China Small Companies Fund	1.45%	2.23%	1.35%	2.36%	1.78%	26.38%	16.98%	1.03%	2.25%	5.66%	4.79%	8.88%

Frequently Asked Questions

Can I hold both GOPIX and MCSMX in my portfolio?

GOPIX and MCSMX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.