ISVBF vs. MCHS
ISVBF (iShares MSCI China A UCITS ETF) and MCHS (Matthews China Discovery Active ETF) are both China Equities funds. ISVBF is passively managed, while MCHS is actively managed. Over the past year, ISVBF returned 1.02% vs 91.39% for MCHS. At a 0.41 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.89%/yr for MCHS.
Performance
ISVBF vs. MCHS - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -10.90% return, which is significantly lower than MCHS's 58.77% return.
ISVBF
- 1D
- 0.43%
- 1M
- -1.75%
- YTD
- -10.90%
- 6M
- -12.10%
- 1Y
- 1.02%
- 3Y*
- 9.53%
- 5Y*
- -5.79%
- 10Y*
- —
MCHS
- 1D
- 1.89%
- 1M
- 11.47%
- YTD
- 58.77%
- 6M
- 57.32%
- 1Y
- 91.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ISVBF vs. MCHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -10.90% | 30.64% | 21.01% |
MCHS Matthews China Discovery Active ETF | 58.77% | 31.19% | 6.53% |
Correlation
The correlation between ISVBF and MCHS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.41 |
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Return for Risk
ISVBF vs. MCHS — Risk / Return Rank
ISVBF
MCHS
ISVBF vs. MCHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and Matthews China Discovery Active ETF (MCHS). 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.
| ISVBF | MCHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.69 | ||
| Sortino ratioReturn per unit of downside risk | -4.20 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.63 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 7.56 | -7.51 |
| Martin ratioReturn relative to average drawdown | 0.11 | 22.10 | -21.99 |
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Drawdowns
ISVBF vs. MCHS - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, which is greater than MCHS's maximum drawdown of -23.75%. Use the drawdown chart below to compare losses from any high point for ISVBF and MCHS.
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Drawdown Indicators
| ISVBF | MCHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -23.75% | -30.03% |
Max Drawdown (1Y)Largest decline over 1 year | -19.44% | -12.15% | -7.29% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | — | — |
Current DrawdownCurrent decline from peak | -27.78% | 0.00% | -27.78% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -7.53% | -25.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.08% | 4.15% | +4.93% |
Volatility
ISVBF vs. MCHS - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 9.03%, while Matthews China Discovery Active ETF (MCHS) has a volatility of 12.66%. This indicates that ISVBF experiences smaller price fluctuations and is considered to be less risky than MCHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | MCHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.03% | 12.66% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 26.98% | 21.05% | +5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.91% | 24.70% | +6.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 28.82% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 28.82% | +1.33% |
ISVBF vs. MCHS - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than MCHS's 0.89% expense ratio.
Dividends
ISVBF vs. MCHS - Dividend Comparison
ISVBF has not paid dividends to shareholders, while MCHS's dividend yield for the trailing twelve months is around 2.24%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% |
MCHS Matthews China Discovery Active ETF | 2.24% | 3.56% | 5.48% |
Frequently Asked Questions
ISVBF and MCHS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHS has higher volatility (12.66%) compared to ISVBF (9.03%). In terms of maximum drawdown, ISVBF dropped -53.78% vs MCHS's -23.75%.
On 1-year performance, MCHS leads with 91.39% vs 1.02% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 9.03%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MCHS has performed better with a 91.39% return vs 1.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.89% for MCHS.
MCHS has the higher dividend yield at 2.24%, compared with 0.00% for ISVBF.
They also come from different issuers: iShares and Matthews. Their fees differ too: 0.40% for ISVBF and 0.89% for MCHS.
MCHS currently has the higher Sharpe Ratio (3.73 vs 0.03), 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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