MATFX vs. TWN
Compare and contrast key facts about Matthews Asia Innovators Fund (MATFX) and The Taiwan Fund Inc. (TWN).
MATFX is managed by Matthews. It was launched on Dec 26, 1999. TWN is managed by Nomura Asset Management.
Performance
MATFX vs. TWN - Performance Comparison
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MATFX vs. TWN - 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% |
TWN The Taiwan Fund Inc. | 23.15% | 54.11% | 32.76% | 51.73% | -38.54% | 58.14% | 40.71% | 47.00% | -19.15% | 33.80% |
Returns By Period
In the year-to-date period, MATFX achieves a 6.71% return, which is significantly lower than TWN's 23.15% return. Over the past 10 years, MATFX has underperformed TWN with an annualized return of 11.50%, while TWN has yielded a comparatively higher 24.13% 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%
TWN
- 1D
- 1.00%
- 1M
- -0.36%
- YTD
- 23.15%
- 6M
- 35.55%
- 1Y
- 120.89%
- 3Y*
- 48.50%
- 5Y*
- 27.31%
- 10Y*
- 24.13%
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MATFX vs. TWN - Expense Ratio Comparison
Return for Risk
MATFX vs. TWN — Risk / Return Rank
MATFX
TWN
MATFX vs. TWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Fund (MATFX) and The Taiwan Fund Inc. (TWN). 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 | TWN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 4.65 | -2.94 |
Sortino ratioReturn per unit of downside risk | 2.28 | 4.97 | -2.69 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.72 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 6.97 | -5.04 |
Martin ratioReturn relative to average drawdown | 6.58 | 32.73 | -26.15 |
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 | TWN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 4.65 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 1.18 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 1.10 | -0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.20 | +0.05 |
Correlation
The correlation between MATFX and TWN is 0.59, 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. TWN - Dividend Comparison
MATFX has not paid dividends to shareholders, while TWN's dividend yield for the trailing twelve months is around 9.43%.
| 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% |
TWN The Taiwan Fund Inc. | 9.43% | 11.62% | 19.14% | 1.26% | 0.00% | 7.78% | 12.91% | 8.26% | 11.27% | 3.16% | 0.00% | 0.00% |
Drawdowns
MATFX vs. TWN - Drawdown Comparison
The maximum MATFX drawdown since its inception was -76.88%, roughly equal to the maximum TWN drawdown of -79.52%. Use the drawdown chart below to compare losses from any high point for MATFX and TWN.
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Drawdown Indicators
| MATFX | TWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.88% | -79.52% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -16.74% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -45.33% | -51.72% | +6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -52.42% | -51.72% | -0.70% |
Current DrawdownCurrent decline from peak | -10.64% | -0.44% | -10.20% |
Average DrawdownAverage peak-to-trough decline | -28.35% | -37.58% | +9.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.75% | 3.56% | +1.19% |
Volatility
MATFX vs. TWN - Volatility Comparison
The current volatility for Matthews Asia Innovators Fund (MATFX) is 9.83%, while The Taiwan Fund Inc. (TWN) has a volatility of 11.35%. This indicates that MATFX experiences smaller price fluctuations and is considered to be less risky than TWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MATFX | TWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.83% | 11.35% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 15.52% | 17.83% | -2.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.52% | 26.22% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.97% | 23.27% | +0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 21.93% | +0.29% |