MAPTX vs. ASIA

Last updated Aug 1, 2026

MAPTX (Matthews Pacific Tiger Fund) and ASIA (Matthews Pacific Tiger Active ETF) are both Asia Pacific Equities funds from Matthews. Over the past year, MAPTX returned 38.26% vs 37.93% for ASIA. Their correlation of 0.92 means they have usually moved in the same direction. MAPTX charges 1.09%/yr vs 0.79%/yr for ASIA.

Performance

MAPTX vs. ASIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Pacific Tiger Fund (MAPTX) and Matthews Pacific Tiger Active ETF (ASIA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MAPTX having a 19.29% return and ASIA slightly lower at 18.48%.

MAPTX

• 1D: 4.12%
• 1M: -5.17%
• 6M: 11.07%
• YTD: 19.29%
• 1Y: 38.26%
• 3Y*: 13.25%
• 5Y*: -0.03%
• 10Y*: 4.96%
• ALL TIME*: 7.54%

ASIA

• 1D: 1.18%
• 1M: -4.71%
• 6M: 10.82%
• YTD: 18.48%
• 1Y: 37.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.36%

*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)
ASIA Matthews Pacific Tiger Active ETF	$103.81K	$180.34K	$200.88K
MAPTX Matthews Pacific Tiger Fund	$0.00	$0.00	$0.00

MAPTX vs. ASIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAPTX Matthews Pacific Tiger Fund	19.29%	30.07%	3.25%	1.68%
ASIA Matthews Pacific Tiger Active ETF	18.48%	32.06%	3.41%	0.01%

Correlation

The correlation between MAPTX and ASIA is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.87
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.92

The correlation between MAPTX and ASIA has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

MAPTX vs. ASIA — Risk / Return Rank

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

MAPTX

MAPTX Risk / Return Rank: 56
MAPTX Sharpe Ratio Rank: 57
MAPTX Sortino Ratio Rank: 47
MAPTX Omega Ratio Rank: 63
MAPTX Calmar Ratio Rank: 62
MAPTX Martin Ratio Rank: 51

ASIA

ASIA Risk / Return Rank: 54
ASIA Sharpe Ratio Rank: 55
ASIA Sortino Ratio Rank: 49
ASIA Omega Ratio Rank: 58
ASIA Calmar Ratio Rank: 55
ASIA Martin Ratio Rank: 54

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.

MAPTX vs. ASIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Pacific Tiger Fund (MAPTX) and Matthews Pacific Tiger Active ETF (ASIA). 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.

	MAPTX	ASIA	Difference
Sharpe ratio: Return per unit of total volatility	1.44	1.32	+0.12
Sortino ratio: Return per unit of downside risk	1.90	1.77	+0.12
Omega ratio: Gain probability vs. loss probability	1.28	1.25	+0.03
Calmar ratio: Return relative to maximum drawdown	2.12	1.96	+0.16
Martin ratio: Return relative to average drawdown	6.98	6.31	+0.67

MAPTX vs. ASIA - Sharpe Ratio Comparison

The current MAPTX Sharpe Ratio is 1.44, which is comparable to the ASIA Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of MAPTX and ASIA, 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

MAPTX vs. ASIA - Drawdown Comparison

The maximum MAPTX drawdown since its inception was -69.79%, which is greater than ASIA's maximum drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for MAPTX and ASIA.

Drawdown Indicators

	MAPTX	ASIA	Difference
Max Drawdown Largest peak-to-trough decline	-69.79%	-23.95%	-45.84%
Max Drawdown (1Y) Largest decline over 1 year	-17.30%	-18.52%	+1.22%
Max Drawdown (3Y) Largest decline over 3 years	-22.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.28%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.31%	—	—
Current Drawdown Current decline from peak	-13.89%	-14.53%	+0.64%
Average Drawdown Average peak-to-trough decline	-17.40%	-5.10%	-12.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.18%	5.74%	-0.56%

Volatility

MAPTX vs. ASIA - Volatility Comparison

Matthews Pacific Tiger Fund (MAPTX) and Matthews Pacific Tiger Active ETF (ASIA) have volatilities of 10.17% and 10.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAPTX	ASIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	10.24%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	23.53%	25.12%	-1.59%
Volatility (1Y) Calculated over the trailing 1-year period	25.40%	27.45%	-2.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.18%	22.25%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	22.25%	-3.36%

MAPTX vs. ASIA - Expense Ratio Comparison

MAPTX has a 1.09% expense ratio, which is higher than ASIA's 0.79% expense ratio.

Dividends

MAPTX vs. ASIA - Dividend Comparison

MAPTX's dividend yield for the trailing twelve months is around 1.95%, more than ASIA's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASIA Matthews Pacific Tiger Active ETF	0.88%	1.05%	0.58%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAPTX Matthews Pacific Tiger Fund	1.95%	2.33%	8.93%	2.93%	8.52%	4.85%	5.74%	3.44%	4.78%	1.25%	2.61%	11.18%

Frequently Asked Questions

Can I hold both MAPTX and ASIA in my portfolio?

MAPTX and ASIA have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MAPTX or ASIA?

ASIA has higher volatility (10.24%) compared to MAPTX (10.17%). In terms of maximum drawdown, MAPTX dropped -69.79% vs ASIA's -23.95%.

Which has better risk-adjusted returns?

MAPTX currently has the higher Sharpe Ratio (1.44 vs 1.32), 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.