JPAN vs. ADVE

Last updated Aug 2, 2026

JPAN (Matthews Japan Active ETF) and ADVE (Matthews Asia Dividend Active ETF) are both exchange-traded funds - JPAN is a Japan Equities fund actively managed by Matthews, while ADVE is a Asia Pacific Equities fund actively managed by Matthews. Both are actively managed. Over the past year, JPAN returned 29.48% vs 31.66% for ADVE. Their 0.73 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.79% expense ratio.

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.

Returns By Period

In the year-to-date period, JPAN achieves a 15.79% return, which is significantly lower than ADVE's 16.97% return.

JPAN

• 1D: -0.33%
• 1M: -1.46%
• 6M: 10.42%
• YTD: 15.79%
• 1Y: 29.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.12%

ADVE

• 1D: -0.99%
• 1M: 1.67%
• 6M: 9.15%
• YTD: 16.97%
• 1Y: 31.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.19%

*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)
ADVE Matthews Asia Dividend Active ETF	$23.63K	$20.43K	$28.96K
JPAN Matthews Japan Active ETF	$44.47K	$43.11K	$61.89K

JPAN vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JPAN Matthews Japan Active ETF	15.79%	22.96%	18.16%	5.17%
ADVE Matthews Asia Dividend Active ETF	16.97%	26.12%	7.02%	4.58%

Correlation

The correlation between JPAN and ADVE is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.73

The correlation between JPAN and ADVE has been stable across timeframes, ranging from 0.73 to 0.74 - a consistent structural relationship.

JPAN vs. ADVE - Sectors Allocation Comparison

Sectors	JPAN	ADVE
Technology	27.7%	30.8%
Industrials	21.3%	11.5%
Financial Services	18.2%	28.9%
Consumer Cyclical	13.8%	5.9%
Communication Services	6.0%	10.7%
Basic Materials	4.8%	3.8%
Consumer Defensive	3.3%	2.6%
Real Estate	2.3%	3.2%
Healthcare	1.9%	1.0%
Energy	0.6%	0.8%
Utilities	-	1.0%

Return for Risk

JPAN vs. ADVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JPAN

JPAN Risk / Return Rank: 60
JPAN Sharpe Ratio Rank: 60
JPAN Sortino Ratio Rank: 61
JPAN Omega Ratio Rank: 62
JPAN Calmar Ratio Rank: 58
JPAN Martin Ratio Rank: 58

ADVE

ADVE Risk / Return Rank: 71
ADVE Sharpe Ratio Rank: 68
ADVE Sortino Ratio Rank: 67
ADVE Omega Ratio Rank: 72
ADVE Calmar Ratio Rank: 75
ADVE Martin Ratio Rank: 72

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.

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.

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.

	JPAN	ADVE	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.57	-0.14
Sortino ratio: Return per unit of downside risk	2.06	2.22	-0.16
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.06	2.63	-0.57
Martin ratio: Return relative to average drawdown	7.00	8.94	-1.94

JPAN vs. ADVE - Sharpe Ratio Comparison

The current JPAN Sharpe Ratio is 1.43, which is comparable to the ADVE Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of JPAN and ADVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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	-5.14%	-4.34%	-0.80%
Average Drawdown Average peak-to-trough decline	-3.15%	-3.24%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.28%	3.44%	+0.84%

Volatility

JPAN vs. ADVE - Volatility Comparison

Matthews Japan Active ETF (JPAN) has a higher volatility of 7.64% compared to Matthews Asia Dividend Active ETF (ADVE) at 6.53%. 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	7.64%	6.53%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	17.89%	17.43%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	21.09%	19.66%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.69%	16.51%	+3.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.69%	16.51%	+3.18%

JPAN vs. ADVE - Expense Ratio Comparison

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

Dividends

JPAN vs. ADVE - Dividend Comparison

JPAN's dividend yield for the trailing twelve months is around 4.41%, more than ADVE's 2.20% yield.

Position	TTM	2025	2024	2023
ADVE Matthews Asia Dividend Active ETF	2.20%	2.97%	6.00%	0.37%
JPAN Matthews Japan Active ETF	4.41%	5.10%	1.53%	0.51%

Frequently Asked Questions

Can I hold both JPAN and ADVE in my portfolio?

JPAN and ADVE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JPAN or ADVE?

JPAN has higher volatility (7.64%) compared to ADVE (6.53%). In terms of maximum drawdown, JPAN dropped -15.24% vs ADVE's -18.41%.

Which ETF is better, JPAN or ADVE?

On 1-year performance, ADVE leads with 31.66% vs 29.48% for JPAN. Both ETFs have the same 0.79% expense ratio. On volatility, ADVE has been the lower-risk option at 6.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JPAN or ADVE?

Over the 1-year period, ADVE has performed better with a 31.66% return vs 29.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JPAN or ADVE?

JPAN and ADVE have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, JPAN or ADVE?

JPAN has the higher dividend yield at 4.41%, compared with 2.20% for ADVE.

What is the main difference between JPAN and ADVE?

JPAN is categorized as Japan Equities, while ADVE is Asia Pacific Equities.

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (1.57 vs 1.43), 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.