MATFX vs. EWT
Compare and contrast key facts about Matthews Asia Innovators Fund (MATFX) and iShares MSCI Taiwan ETF (EWT).
MATFX is managed by Matthews. It was launched on Dec 26, 1999. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000.
Performance
MATFX vs. EWT - Performance Comparison
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MATFX vs. EWT - 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% |
EWT iShares MSCI Taiwan ETF | 11.63% | 28.38% | 16.11% | 23.97% | -28.90% | 26.18% | 31.50% | 33.36% | -9.90% | 26.81% |
Returns By Period
In the year-to-date period, MATFX achieves a 6.71% return, which is significantly lower than EWT's 11.63% return. Over the past 10 years, MATFX has underperformed EWT with an annualized return of 11.50%, while EWT has yielded a comparatively higher 14.99% 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%
EWT
- 1D
- 2.84%
- 1M
- -6.28%
- YTD
- 11.63%
- 6M
- 16.60%
- 1Y
- 56.23%
- 3Y*
- 22.26%
- 5Y*
- 10.25%
- 10Y*
- 14.99%
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MATFX vs. EWT - Expense Ratio Comparison
MATFX has a 1.18% expense ratio, which is higher than EWT's 0.59% expense ratio.
Return for Risk
MATFX vs. EWT — Risk / Return Rank
MATFX
EWT
MATFX vs. EWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Fund (MATFX) and iShares MSCI Taiwan ETF (EWT). 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 | EWT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 2.11 | -0.39 |
Sortino ratioReturn per unit of downside risk | 2.28 | 2.80 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.38 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 3.55 | -1.62 |
Martin ratioReturn relative to average drawdown | 6.58 | 14.26 | -7.67 |
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 | EWT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 2.11 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.46 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.71 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.20 | +0.05 |
Correlation
The correlation between MATFX and EWT is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MATFX vs. EWT - Dividend Comparison
MATFX has not paid dividends to shareholders, while EWT's dividend yield for the trailing twelve months is around 3.97%.
| 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% |
EWT iShares MSCI Taiwan ETF | 3.97% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
Drawdowns
MATFX vs. EWT - Drawdown Comparison
The maximum MATFX drawdown since its inception was -76.88%, which is greater than EWT's maximum drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for MATFX and EWT.
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Drawdown Indicators
| MATFX | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.88% | -64.37% | -12.51% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -15.53% | +2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -45.33% | -38.88% | -6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -52.42% | -38.88% | -13.54% |
Current DrawdownCurrent decline from peak | -10.64% | -7.97% | -2.67% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -19.35% | -9.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 3.87% | +0.88% |
Volatility
MATFX vs. EWT - Volatility Comparison
The current volatility for Matthews Asia Innovators Fund (MATFX) is 9.83%, while iShares MSCI Taiwan ETF (EWT) has a volatility of 11.00%. This indicates that MATFX experiences smaller price fluctuations and is considered to be less risky than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MATFX | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 11.00% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 18.14% | -2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 26.85% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 22.32% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 21.22% | +1.00% |