GOPIX vs. MCSMX

Last updated Aug 1, 2026

GOPIX (abrdn China A Share Equity Fund) and MCSMX (Matthews China Small Companies Fund) are both China Equities funds. Their 0.71 correlation means they have sometimes moved together and sometimes differently. 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: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MCSMX

• 1D: -0.15%
• 1M: -17.35%
• 6M: 8.68%
• YTD: 20.37%
• 1Y: 33.61%
• 3Y*: 10.82%
• 5Y*: -1.67%
• 10Y*: 11.64%
• ALL TIME*: 7.53%

*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)
MCSMX Matthews China Small Companies Fund	$0.00	$0.00	$0.00

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	20.37%	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 0.17, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.17
Correlation (3Y) Balances recent behavior with more history.	0.59
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.72
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012	0.71

Over the past year, the correlation between GOPIX and MCSMX has dropped to 0.17 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

GOPIX vs. MCSMX — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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: 34
MCSMX Sharpe Ratio Rank: 35
MCSMX Sortino Ratio Rank: 34
MCSMX Omega Ratio Rank: 37
MCSMX Calmar Ratio Rank: 29
MCSMX Martin Ratio Rank: 33

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.

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	—	1.09	—
Sortino ratio: Return per unit of downside risk	—	1.59	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.29	—
Martin ratio: Return relative to average drawdown	—	4.79	—

Drawdowns

Drawdown Indicators

	GOPIX	MCSMX	Difference
Max Drawdown Largest peak-to-trough decline	—	-55.77%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-24.88%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-51.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-55.77%	—
Current Drawdown Current decline from peak	—	-24.88%	—
Average Drawdown Average peak-to-trough decline	—	-20.10%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.59%	—

Volatility

Volatility by Period

	GOPIX	MCSMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	29.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	25.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.15%	—

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%, less than MCSMX's 1.85% 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	1.85%	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 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.