MASGX vs. MCDFX

Last updated Apr 1, 2026

Compare and contrast key facts about Matthews Asia ESG Fund (MASGX) and Matthews China Dividend Fund (MCDFX).

MASGX is managed by Matthews. It was launched on Apr 29, 2015. MCDFX is managed by Matthews. It was launched on Nov 29, 2009.

Performance

MASGX vs. MCDFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia ESG Fund (MASGX) and Matthews China Dividend Fund (MCDFX). The values are adjusted to include any dividend payments, if applicable.

MASGX vs. MCDFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MASGX Matthews Asia ESG Fund	4.69%	22.83%	-2.51%	7.99%	-14.37%	5.33%	42.90%	12.56%	-9.70%	33.75%
MCDFX Matthews China Dividend Fund	5.60%	29.41%	14.93%	-20.68%	-16.72%	-0.60%	26.88%	15.03%	-9.93%	37.52%

Returns By Period

MASGX

• 1D: -1.83%
• 1M: -13.33%
• YTD: 4.69%
• 6M: 8.81%
• 1Y: 29.25%
• 3Y*: 10.16%
• 5Y*: 3.06%
• 10Y*: 9.21%

MCDFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MASGX vs. MCDFX - Expense Ratio Comparison

MASGX has a 1.24% expense ratio, which is higher than MCDFX's 1.20% expense ratio.

MASGX

Matthews Asia ESG Fund

MCDFX

Matthews China Dividend Fund

Return for Risk

MASGX vs. MCDFX — Risk / Return Rank

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

MASGX

MASGX Risk / Return Rank: 68
MASGX Sharpe Ratio Rank: 79
MASGX Sortino Ratio Rank: 77
MASGX Omega Ratio Rank: 72
MASGX Calmar Ratio Rank: 62
MASGX Martin Ratio Rank: 51

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.

MASGX vs. MCDFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia ESG Fund (MASGX) and Matthews China Dividend Fund (MCDFX). 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.

	MASGX	MCDFX	Difference
Sharpe ratio Return per unit of total volatility	1.45	—	—
Sortino ratio Return per unit of downside risk	1.94	—	—
Omega ratio Gain probability vs. loss probability	1.27	—	—
Calmar ratio Return relative to maximum drawdown	1.44	—	—
Martin ratio Return relative to average drawdown	5.06	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MASGX	MCDFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	—	—

Correlation

The correlation between MASGX and MCDFX 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

MASGX vs. MCDFX - Dividend Comparison

MASGX's dividend yield for the trailing twelve months is around 5.33%, more than MCDFX's 3.84% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MASGX Matthews Asia ESG Fund	5.33%	5.58%	2.58%	7.52%	5.39%	2.60%	5.66%	1.36%	4.52%	3.70%	1.47%	0.00%
MCDFX Matthews China Dividend Fund	3.84%	4.05%	3.97%	4.08%	5.56%	10.35%	3.91%	1.60%	11.25%	9.52%	3.38%	6.42%

Drawdowns

Drawdown Indicators

	MASGX	MCDFX	Difference
Max Drawdown Largest peak-to-trough decline	-36.34%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.20%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.34%	—	—
Current Drawdown Current decline from peak	-14.20%	—	—
Average Drawdown Average peak-to-trough decline	-11.38%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	—	—

Volatility

Volatility by Period

	MASGX	MCDFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.08%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.13%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.20%	—	—