MASGX vs. DFRSX
MASGX (Matthews Asia ESG Fund) and DFRSX (DFA Asia Pacific Small Company) are both Asia Pacific Equities funds. Over the past 10 years, MASGX returned 11.03%/yr vs 5.87%/yr for DFRSX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. MASGX charges 1.24%/yr vs 0.42%/yr for DFRSX.
Performance
MASGX vs. DFRSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MASGX achieves a 31.19% return, which is significantly higher than DFRSX's 1.77% return. Over the past 10 years, MASGX has outperformed DFRSX with an annualized return of 11.03%, while DFRSX has yielded a comparatively lower 5.87% annualized return.
MASGX
- 1D
- 1.85%
- 1M
- -7.72%
- 6M
- 18.29%
- YTD
- 31.19%
- 1Y
- 49.61%
- 3Y*
- 13.59%
- 5Y*
- 6.07%
- 10Y*
- 11.03%
- ALL TIME*
- 10.99%
DFRSX
- 1D
- -0.23%
- 1M
- 1.63%
- 6M
- -4.63%
- YTD
- 1.77%
- 1Y
- 18.49%
- 3Y*
- 12.02%
- 5Y*
- 3.94%
- 10Y*
- 5.87%
- ALL TIME*
- 6.13%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
MASGX vs. DFRSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MASGX Matthews Asia ESG Fund | 31.19% | 22.83% | -2.51% | 7.99% | -14.37% | 5.33% | 42.90% | 12.56% | -9.70% | 33.75% |
DFRSX DFA Asia Pacific Small Company | 1.77% | 34.73% | 0.27% | 3.99% | -16.96% | 12.59% | 14.24% | 13.30% | -15.48% | 25.17% |
Correlation
The correlation between MASGX and DFRSX is 0.63, 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. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.65 |
The correlation between MASGX and DFRSX has been stable across timeframes, ranging from 0.63 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MASGX vs. DFRSX — Risk / Return Rank
MASGX
DFRSX
MASGX vs. DFRSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia ESG Fund (MASGX) and DFA Asia Pacific Small Company (DFRSX). 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.
| MASGX | DFRSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.21 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.32 | +1.15 |
| Martin ratioReturn relative to average drawdown | 8.90 | 3.23 | +5.67 |
Loading charts...
Drawdowns
MASGX vs. DFRSX - Drawdown Comparison
The maximum MASGX drawdown since its inception was -36.34%, smaller than the maximum DFRSX drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for MASGX and DFRSX.
Loading charts...
Drawdown Indicators
| MASGX | DFRSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.34% | -69.06% | +32.72% |
Max Drawdown (1Y)Largest decline over 1 year | -19.80% | -14.20% | -5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -24.94% | -21.29% | -3.65% |
Max Drawdown (5Y)Largest decline over 5 years | -36.34% | -30.18% | -6.16% |
Max Drawdown (10Y)Largest decline over 10 years | -36.34% | -46.25% | +9.91% |
Current DrawdownCurrent decline from peak | -14.93% | -8.46% | -6.47% |
Average DrawdownAverage peak-to-trough decline | -11.18% | -17.17% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 5.79% | -0.30% |
Volatility
MASGX vs. DFRSX - Volatility Comparison
Matthews Asia ESG Fund (MASGX) has a higher volatility of 10.98% compared to DFA Asia Pacific Small Company (DFRSX) at 4.40%. This indicates that MASGX's price experiences larger fluctuations and is considered to be riskier than DFRSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MASGX | DFRSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.98% | 4.40% | +6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 25.32% | 13.70% | +11.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.62% | 16.40% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.04% | 17.41% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.43% | 17.05% | +2.38% |
MASGX vs. DFRSX - Expense Ratio Comparison
MASGX has a 1.24% expense ratio, which is higher than DFRSX's 0.42% expense ratio.
Dividends
MASGX vs. DFRSX - Dividend Comparison
MASGX's dividend yield for the trailing twelve months is around 4.26%, less than DFRSX's 4.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFRSX DFA Asia Pacific Small Company | 4.83% | 4.92% | 4.66% | 4.70% | 9.99% | 12.82% | 2.91% | 4.56% | 3.48% | 4.01% | 3.79% | 3.96% |
MASGX Matthews Asia ESG Fund | 4.26% | 5.58% | 2.58% | 7.52% | 5.39% | 2.60% | 5.66% | 1.36% | 4.52% | 3.70% | 1.47% | 0.00% |
Frequently Asked Questions
MASGX and DFRSX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MASGX has higher volatility (10.98%) compared to DFRSX (4.40%). In terms of maximum drawdown, MASGX dropped -36.34% vs DFRSX's -69.06%.
MASGX currently has the higher Sharpe Ratio (1.77 vs 1.15), 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.
Find the right allocation for MASGX and DFRSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer