MCH vs. CXSE
Compare and contrast key facts about Matthews China Active ETF (MCH) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE).
MCH and CXSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MCH is an actively managed fund by Matthews. It was launched on Jul 13, 2022. CXSE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree China ex-State-Owned Enterprises Index. It was launched on Sep 19, 2012.
Performance
MCH vs. CXSE - Performance Comparison
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MCH vs. CXSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MCH Matthews China Active ETF | -6.67% | 30.20% | 17.32% | -19.91% | -3.12% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -5.65% | 37.00% | 8.56% | -18.02% | -12.88% |
Returns By Period
In the year-to-date period, MCH achieves a -6.67% return, which is significantly lower than CXSE's -5.65% return.
MCH
- 1D
- 2.06%
- 1M
- -7.93%
- YTD
- -6.67%
- 6M
- -11.51%
- 1Y
- 10.06%
- 3Y*
- 4.64%
- 5Y*
- —
- 10Y*
- —
CXSE
- 1D
- 2.23%
- 1M
- -4.51%
- YTD
- -5.65%
- 6M
- -14.43%
- 1Y
- 13.45%
- 3Y*
- 4.74%
- 5Y*
- -9.31%
- 10Y*
- 6.54%
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MCH vs. CXSE - Expense Ratio Comparison
MCH has a 0.79% expense ratio, which is higher than CXSE's 0.32% expense ratio.
Return for Risk
MCH vs. CXSE — Risk / Return Rank
MCH
CXSE
MCH vs. CXSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Active ETF (MCH) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). 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.
| MCH | CXSE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.42 | 0.54 | -0.12 |
Sortino ratioReturn per unit of downside risk | 0.72 | 0.87 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.54 | 0.73 | -0.19 |
Martin ratioReturn relative to average drawdown | 1.70 | 1.73 | -0.03 |
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
| MCH | CXSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.42 | 0.54 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.18 | -0.08 |
Correlation
The correlation between MCH and CXSE is 0.95, 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
MCH vs. CXSE - Dividend Comparison
MCH's dividend yield for the trailing twelve months is around 1.89%, less than CXSE's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCH Matthews China Active ETF | 1.89% | 1.76% | 1.31% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 2.12% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
Drawdowns
MCH vs. CXSE - Drawdown Comparison
The maximum MCH drawdown since its inception was -40.53%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for MCH and CXSE.
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Drawdown Indicators
| MCH | CXSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -70.01% | +29.48% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -17.98% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.01% | — |
Current DrawdownCurrent decline from peak | -13.30% | -49.53% | +36.23% |
Average DrawdownAverage peak-to-trough decline | -19.07% | -27.59% | +8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 7.58% | -2.00% |
Volatility
MCH vs. CXSE - Volatility Comparison
Matthews China Active ETF (MCH) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE) have volatilities of 7.81% and 7.55%, 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
| MCH | CXSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.81% | 7.55% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 15.29% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.81% | 24.92% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.87% | 32.29% | -2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.87% | 28.64% | +1.23% |