JPAN vs. ADVE

Last updated Apr 2, 2026

Compare and contrast key facts about Matthews Japan Active ETF (JPAN) and Matthews Asia Dividend Active ETF (ADVE).

JPAN and ADVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPAN is an actively managed fund by Matthews. It was launched on Sep 21, 2023. ADVE is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

Performance

JPAN vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Japan Active ETF (JPAN) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

JPAN vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPAN Matthews Japan Active ETF	5.22%	22.96%	18.16%	5.77%
ADVE Matthews Asia Dividend Active ETF	8.02%	26.12%	7.02%	5.13%

Returns By Period

In the year-to-date period, JPAN achieves a 5.22% return, which is significantly lower than ADVE's 8.02% return.

JPAN

• 1D: 3.00%
• 1M: -5.31%
• YTD: 5.22%
• 6M: 9.80%
• 1Y: 29.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADVE

• 1D: 1.36%
• 1M: -4.80%
• YTD: 8.02%
• 6M: 11.53%
• 1Y: 34.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

JPAN vs. ADVE - Expense Ratio Comparison

Both JPAN and ADVE have an expense ratio of 0.79%.

JPAN

Matthews Japan Active ETF

ADVE

Matthews Asia Dividend Active ETF

Return for Risk

JPAN vs. ADVE — Risk / Return Rank

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

JPAN

JPAN Risk / Return Rank: 71
JPAN Sharpe Ratio Rank: 73
JPAN Sortino Ratio Rank: 74
JPAN Omega Ratio Rank: 69
JPAN Calmar Ratio Rank: 70
JPAN Martin Ratio Rank: 67

ADVE

ADVE Risk / Return Rank: 88
ADVE Sharpe Ratio Rank: 88
ADVE Sortino Ratio Rank: 89
ADVE Omega Ratio Rank: 89
ADVE Calmar Ratio Rank: 85
ADVE Martin Ratio Rank: 86

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.

JPAN vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Japan Active ETF (JPAN) and Matthews Asia Dividend Active ETF (ADVE). 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.

	JPAN	ADVE	Difference
Sharpe ratio Return per unit of total volatility	1.39	1.94	-0.56
Sortino ratio Return per unit of downside risk	1.98	2.61	-0.63
Omega ratio Gain probability vs. loss probability	1.27	1.39	-0.12
Calmar ratio Return relative to maximum drawdown	2.00	2.92	-0.93
Martin ratio Return relative to average drawdown	7.54	11.49	-3.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JPAN vs. ADVE - Sharpe Ratio Comparison

The current JPAN Sharpe Ratio is 1.39, which is comparable to the ADVE Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of JPAN and ADVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JPAN	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	1.94	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	1.23	-0.13

Correlation

The correlation between JPAN and ADVE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JPAN vs. ADVE - Dividend Comparison

JPAN's dividend yield for the trailing twelve months is around 4.85%, more than ADVE's 2.76% yield.

	TTM	2025	2024	2023
JPAN Matthews Japan Active ETF	4.85%	5.10%	1.53%	0.51%
ADVE Matthews Asia Dividend Active ETF	2.76%	2.97%	6.00%	0.37%

Drawdowns

JPAN vs. ADVE - Drawdown Comparison

The maximum JPAN drawdown since its inception was -15.24%, smaller than the maximum ADVE drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for JPAN and ADVE.

Drawdown Indicators

	JPAN	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-15.24%	-18.41%	+3.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-11.73%	-2.86%
Current Drawdown Current decline from peak	-8.64%	-7.49%	-1.15%
Average Drawdown Average peak-to-trough decline	-3.06%	-3.21%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	2.98%	+0.88%

Volatility

JPAN vs. ADVE - Volatility Comparison

Matthews Japan Active ETF (JPAN) has a higher volatility of 9.10% compared to Matthews Asia Dividend Active ETF (ADVE) at 8.13%. This indicates that JPAN's price experiences larger fluctuations and is considered to be riskier than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JPAN	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.10%	8.13%	+0.97%
Volatility (6M) Calculated over the trailing 6-month period	15.22%	12.99%	+2.23%
Volatility (1Y) Calculated over the trailing 1-year period	21.62%	17.63%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.15%	15.12%	+4.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.15%	15.12%	+4.03%