MATFX vs. EEMA
Compare and contrast key facts about Matthews Asia Innovators Fund (MATFX) and iShares MSCI Emerging Markets Asia ETF (EEMA).
MATFX is managed by Matthews. It was launched on Dec 26, 1999. EEMA is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Asia Index. It was launched on Feb 8, 2012.
Performance
MATFX vs. EEMA - Performance Comparison
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MATFX vs. EEMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MATFX Matthews Asia Innovators Fund | 6.71% | 30.22% | 16.47% | -1.77% | -24.66% | -5.90% | 86.75% | 29.60% | -18.59% | 52.78% |
EEMA iShares MSCI Emerging Markets Asia ETF | 1.82% | 33.27% | 10.23% | 6.57% | -21.49% | -4.22% | 25.17% | 18.60% | -15.76% | 43.41% |
Returns By Period
In the year-to-date period, MATFX achieves a 6.71% return, which is significantly higher than EEMA's 1.82% return. Over the past 10 years, MATFX has outperformed EEMA with an annualized return of 11.50%, while EEMA has yielded a comparatively lower 8.32% annualized return.
MATFX
- 1D
- -1.05%
- 1M
- -9.74%
- YTD
- 6.71%
- 6M
- 3.63%
- 1Y
- 36.32%
- 3Y*
- 15.76%
- 5Y*
- 2.57%
- 10Y*
- 11.50%
EEMA
- 1D
- 3.56%
- 1M
- -10.12%
- YTD
- 1.82%
- 6M
- 5.73%
- 1Y
- 31.27%
- 3Y*
- 14.95%
- 5Y*
- 2.85%
- 10Y*
- 8.32%
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MATFX vs. EEMA - Expense Ratio Comparison
MATFX has a 1.18% expense ratio, which is higher than EEMA's 0.50% expense ratio.
Return for Risk
MATFX vs. EEMA — Risk / Return Rank
MATFX
EEMA
MATFX vs. EEMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Fund (MATFX) and iShares MSCI Emerging Markets Asia ETF (EEMA). 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.
| MATFX | EEMA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.47 | +0.24 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.07 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.30 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.19 | -0.27 |
Martin ratioReturn relative to average drawdown | 6.58 | 8.36 | -1.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MATFX | EEMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.47 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.14 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.40 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.29 | -0.04 |
Correlation
The correlation between MATFX and EEMA is 0.79, 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
MATFX vs. EEMA - Dividend Comparison
MATFX has not paid dividends to shareholders, while EEMA's dividend yield for the trailing twelve months is around 1.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EEMA iShares MSCI Emerging Markets Asia ETF | 1.45% | 1.48% | 1.74% | 2.02% | 1.78% | 2.19% | 1.15% | 1.86% | 2.17% | 1.74% | 1.74% | 2.44% |
Drawdowns
MATFX vs. EEMA - Drawdown Comparison
The maximum MATFX drawdown since its inception was -76.88%, which is greater than EEMA's maximum drawdown of -44.18%. Use the drawdown chart below to compare losses from any high point for MATFX and EEMA.
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Drawdown Indicators
| MATFX | EEMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.88% | -44.18% | -32.70% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -14.30% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -45.33% | -40.87% | -4.46% |
Max Drawdown (10Y)Largest decline over 10 years | -52.42% | -44.18% | -8.24% |
Current DrawdownCurrent decline from peak | -10.64% | -11.25% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -14.12% | -14.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 3.75% | +1.00% |
Volatility
MATFX vs. EEMA - Volatility Comparison
Matthews Asia Innovators Fund (MATFX) and iShares MSCI Emerging Markets Asia ETF (EEMA) have volatilities of 9.83% and 10.20%, 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.
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Volatility by Period
| MATFX | EEMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 10.20% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 15.24% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 21.30% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 19.94% | +4.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 20.65% | +1.57% |