MCH vs. IBIE
MCH (Matthews China Active ETF) and IBIE (iShares iBonds Oct 2028 Term TIPS ETF) are both exchange-traded funds - MCH is a China Equities fund actively managed by Matthews, while IBIE is a Inflation-Protected Bonds fund tracking the ICE 2028 Maturity US Inflation-Linked Treasury Index. MCH is actively managed, while IBIE is passively managed. Over the past year, MCH returned 25.25% vs 4.68% for IBIE. At a correlation of -0.00, they often move in opposite directions. MCH charges 0.79%/yr vs 0.10%/yr for IBIE.
Performance
MCH vs. IBIE - Performance Comparison
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Returns By Period
In the year-to-date period, MCH achieves a 4.00% return, which is significantly higher than IBIE's 2.09% return.
MCH
- 1D
- 0.02%
- 1M
- 4.52%
- YTD
- 4.00%
- 6M
- 3.43%
- 1Y
- 25.25%
- 3Y*
- 13.41%
- 5Y*
- —
- 10Y*
- —
IBIE
- 1D
- -0.02%
- 1M
- 0.30%
- YTD
- 2.09%
- 6M
- 2.10%
- 1Y
- 4.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MCH vs. IBIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MCH Matthews China Active ETF | 4.00% | 30.20% | 17.32% | -7.91% |
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 2.09% | 6.46% | 3.95% | 2.93% |
Correlation
The correlation between MCH and IBIE is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2023 | -0.00 |
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Return for Risk
MCH vs. IBIE — Risk / Return Rank
MCH
IBIE
MCH vs. IBIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Active ETF (MCH) and iShares iBonds Oct 2028 Term TIPS ETF (IBIE). 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 | IBIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.67 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 1.69 | 8.51 | -6.83 |
| Martin ratioReturn relative to average drawdown | 4.53 | 25.61 | -21.07 |
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 | IBIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 3.02 | -1.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 2.01 | -1.83 |
Drawdowns
MCH vs. IBIE - Drawdown Comparison
The maximum MCH drawdown since its inception was -40.53%, which is greater than IBIE's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for MCH and IBIE.
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Drawdown Indicators
| MCH | IBIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -1.70% | -38.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -0.55% | -14.50% |
Max Drawdown (3Y)Largest decline over 3 years | -30.57% | — | — |
Current DrawdownCurrent decline from peak | -3.39% | -0.02% | -3.37% |
Average DrawdownAverage peak-to-trough decline | -18.49% | -0.39% | -18.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.58% | 0.19% | +5.39% |
Volatility
MCH vs. IBIE - Volatility Comparison
Matthews China Active ETF (MCH) has a higher volatility of 6.72% compared to iShares iBonds Oct 2028 Term TIPS ETF (IBIE) at 0.36%. This indicates that MCH's price experiences larger fluctuations and is considered to be riskier than IBIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCH | IBIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.72% | 0.36% | +6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 14.44% | 0.97% | +13.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.18% | 1.56% | +18.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.51% | 2.85% | +26.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.51% | 2.85% | +26.66% |
MCH vs. IBIE - Expense Ratio Comparison
MCH has a 0.79% expense ratio, which is higher than IBIE's 0.10% expense ratio.
Dividends
MCH vs. IBIE - Dividend Comparison
MCH's dividend yield for the trailing twelve months is around 1.69%, less than IBIE's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
IBIE iShares iBonds Oct 2028 Term TIPS ETF | 3.25% | 4.09% | 4.23% | 0.75% |
MCH Matthews China Active ETF | 1.69% | 1.76% | 1.31% | 1.62% |
Frequently Asked Questions
MCH and IBIE have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCH has higher volatility (6.72%) compared to IBIE (0.36%). In terms of maximum drawdown, MCH dropped -40.53% vs IBIE's -1.70%.
On 1-year performance, MCH leads with 25.25% vs 4.68% for IBIE. On fees, IBIE is cheaper at 0.10% per year. On volatility, IBIE has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MCH has performed better with a 25.25% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIE is cheaper with a 0.10% expense ratio, compared with 0.79% for MCH.
IBIE has the higher dividend yield at 3.25%, compared with 1.69% for MCH.
MCH is categorized as China Equities, while IBIE is Inflation-Protected Bonds. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for MCH and 0.10% for IBIE.
IBIE currently has the higher Sharpe Ratio (3.02 vs 1.27), 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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