MAPTX vs. ASIA

Last updated Apr 1, 2026

Compare and contrast key facts about Matthews Pacific Tiger Fund (MAPTX) and Matthews Pacific Tiger Active ETF (ASIA).

MAPTX is managed by Matthews. It was launched on Sep 11, 1994. ASIA is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

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.

MAPTX vs. ASIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MAPTX Matthews Pacific Tiger Fund	-1.16%	30.07%	3.25%	-0.06%
ASIA Matthews Pacific Tiger Active ETF	1.94%	32.06%	3.41%	0.01%

Returns By Period

In the year-to-date period, MAPTX achieves a -1.16% return, which is significantly lower than ASIA's 1.94% return.

MAPTX

• 1D: -1.11%
• 1M: -13.39%
• YTD: -1.16%
• 6M: 2.34%
• 1Y: 28.93%
• 3Y*: 6.59%
• 5Y*: -4.14%
• 10Y*: 3.83%

ASIA

• 1D: 3.32%
• 1M: -10.98%
• YTD: 1.94%
• 6M: 5.62%
• 1Y: 35.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MAPTX vs. ASIA - Expense Ratio Comparison

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

MAPTX

Matthews Pacific Tiger Fund

ASIA

Matthews Pacific Tiger Active ETF

Return for Risk

MAPTX vs. ASIA — Risk / Return Rank

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

MAPTX

MAPTX Risk / Return Rank: 74
MAPTX Sharpe Ratio Rank: 84
MAPTX Sortino Ratio Rank: 82
MAPTX Omega Ratio Rank: 81
MAPTX Calmar Ratio Rank: 66
MAPTX Martin Ratio Rank: 59

ASIA

ASIA Risk / Return Rank: 83
ASIA Sharpe Ratio Rank: 84
ASIA Sortino Ratio Rank: 84
ASIA Omega Ratio Rank: 83
ASIA Calmar Ratio Rank: 83
ASIA Martin Ratio Rank: 82

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.

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.

	MAPTX	ASIA	Difference
Sharpe ratio Return per unit of total volatility	1.59	1.64	-0.05
Sortino ratio Return per unit of downside risk	2.12	2.19	-0.07
Omega ratio Gain probability vs. loss probability	1.32	1.33	-0.01
Calmar ratio Return relative to maximum drawdown	1.52	2.38	-0.87
Martin ratio Return relative to average drawdown	5.66	8.98	-3.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAPTX vs. ASIA - Sharpe Ratio Comparison

The current MAPTX Sharpe Ratio is 1.59, which is comparable to the ASIA Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of MAPTX and ASIA, 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

	MAPTX	ASIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	1.64	-0.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.73	-0.38

Correlation

The correlation between MAPTX and ASIA is 0.92, 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

MAPTX vs. ASIA - Dividend Comparison

MAPTX's dividend yield for the trailing twelve months is around 2.35%, more than ASIA's 1.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MAPTX Matthews Pacific Tiger Fund	2.35%	2.33%	8.93%	2.93%	8.52%	4.85%	5.74%	3.44%	4.78%	1.25%	2.61%	11.18%
ASIA Matthews Pacific Tiger Active ETF	1.03%	1.05%	0.58%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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	-14.03%	-14.47%	+0.44%
Max Drawdown (5Y) Largest decline over 5 years	-48.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.31%	—	—
Current Drawdown Current decline from peak	-28.20%	-11.63%	-16.57%
Average Drawdown Average peak-to-trough decline	-17.47%	-5.00%	-12.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	3.84%	+0.27%

Volatility

MAPTX vs. ASIA - Volatility Comparison

The current volatility for Matthews Pacific Tiger Fund (MAPTX) is 9.09%, while Matthews Pacific Tiger Active ETF (ASIA) has a volatility of 11.40%. This indicates that MAPTX experiences smaller price fluctuations and is considered to be less risky than ASIA based on this measure. 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	9.09%	11.40%	-2.31%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	16.54%	-3.08%
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	21.58%	-3.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.42%	19.47%	-0.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	19.47%	-1.63%