MATFX vs. DFJSX
MATFX (Matthews Asia Innovators Fund) and DFJSX (DFA Japanese Small Company Portfolio) are both mutual funds - MATFX is a Asia Pacific Equities fund managed by Matthews, while DFJSX is a Japan Equities fund managed by Dimensional. Over the past 10 years, MATFX returned 13.68%/yr vs 8.64%/yr for DFJSX. Their 0.49 correlation means their historical movements had little consistent relationship. MATFX charges 1.18%/yr vs 0.42%/yr for DFJSX.
Performance
MATFX vs. DFJSX - Performance Comparison
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Returns By Period
In the year-to-date period, MATFX achieves a 36.26% return, which is significantly higher than DFJSX's 16.18% return. Over the past 10 years, MATFX has outperformed DFJSX with an annualized return of 13.68%, while DFJSX has yielded a comparatively lower 8.64% annualized return.
MATFX
- 1D
- 2.55%
- 1M
- -12.90%
- 6M
- 24.99%
- YTD
- 36.26%
- 1Y
- 53.68%
- 3Y*
- 25.02%
- 5Y*
- 8.96%
- 10Y*
- 13.68%
- ALL TIME*
- 6.75%
DFJSX
- 1D
- 3.85%
- 1M
- 1.29%
- 6M
- 9.56%
- YTD
- 16.18%
- 1Y
- 27.62%
- 3Y*
- 19.22%
- 5Y*
- 10.00%
- 10Y*
- 8.64%
- ALL TIME*
- 6.08%
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 |
MATFX vs. DFJSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MATFX Matthews Asia Innovators Fund | 36.26% | 30.22% | 16.47% | -1.77% | -24.66% | -5.90% | 86.75% | 29.60% | -18.59% | 52.78% |
DFJSX DFA Japanese Small Company Portfolio | 16.18% | 31.65% | 4.35% | 17.08% | -11.36% | -0.39% | 3.78% | 18.23% | -19.56% | 35.69% |
Correlation
The correlation between MATFX and DFJSX is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.43 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.44 |
Correlation (All Time) Calculated using the full available price history since Dec 27, 1999 | 0.49 |
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Return for Risk
MATFX vs. DFJSX — Risk / Return Rank
MATFX
DFJSX
MATFX vs. DFJSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Fund (MATFX) and DFA Japanese Small Company Portfolio (DFJSX). 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.
| MATFX | DFJSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.43 | -0.10 |
| Martin ratioReturn relative to average drawdown | 8.42 | 7.29 | +1.13 |
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Drawdowns
MATFX vs. DFJSX - Drawdown Comparison
The maximum MATFX drawdown since its inception was -76.88%, roughly equal to the maximum DFJSX drawdown of -76.17%. Use the drawdown chart below to compare losses from any high point for MATFX and DFJSX.
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Drawdown Indicators
| MATFX | DFJSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.88% | -76.17% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -22.61% | -12.53% | -10.08% |
Max Drawdown (3Y)Largest decline over 3 years | -22.61% | -13.31% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -42.71% | -31.39% | -11.32% |
Max Drawdown (10Y)Largest decline over 10 years | -52.42% | -40.32% | -12.10% |
Current DrawdownCurrent decline from peak | -20.64% | -1.17% | -19.47% |
Average DrawdownAverage peak-to-trough decline | -28.06% | -29.98% | +1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.17% | 4.15% | +2.02% |
Volatility
MATFX vs. DFJSX - Volatility Comparison
Matthews Asia Innovators Fund (MATFX) has a higher volatility of 10.96% compared to DFA Japanese Small Company Portfolio (DFJSX) at 6.44%. This indicates that MATFX's price experiences larger fluctuations and is considered to be riskier than DFJSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MATFX | DFJSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.96% | 6.44% | +4.52% |
Volatility (6M)Calculated over the trailing 6-month period | 27.17% | 14.01% | +13.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.75% | 17.36% | +12.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.61% | 16.41% | +9.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.39% | 16.64% | +6.75% |
MATFX vs. DFJSX - Expense Ratio Comparison
MATFX has a 1.18% expense ratio, which is higher than DFJSX's 0.42% expense ratio.
Dividends
MATFX vs. DFJSX - Dividend Comparison
MATFX has not paid dividends to shareholders, while DFJSX's dividend yield for the trailing twelve months is around 3.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFJSX DFA Japanese Small Company Portfolio | 3.00% | 3.49% | 3.16% | 6.45% | 5.44% | 5.26% | 2.14% | 3.98% | 7.50% | 2.41% | 1.97% | 1.38% |
MATFX Matthews Asia Innovators Fund | 0.00% | 0.00% | 0.00% | 0.00% | 26.54% | 31.07% | 1.67% | 0.29% | 2.63% | 8.44% | 0.00% | 15.24% |
Frequently Asked Questions
MATFX and DFJSX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MATFX has higher volatility (10.96%) compared to DFJSX (6.44%). In terms of maximum drawdown, MATFX dropped -76.88% vs DFJSX's -76.17%.
MATFX currently has the higher Sharpe Ratio (1.77 vs 1.75), 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.
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