MCH vs. JCHI

Last updated Apr 2, 2026

Compare and contrast key facts about Matthews China Active ETF (MCH) and JPMorgan Active China ETF (JCHI).

MCH and JCHI 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. JCHI is an actively managed fund by JPMorgan. It was launched on Mar 15, 2023.

Performance

MCH vs. JCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews China Active ETF (MCH) and JPMorgan Active China ETF (JCHI). The values are adjusted to include any dividend payments, if applicable.

MCH vs. JCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MCH Matthews China Active ETF	-6.13%	30.20%	17.32%	-16.26%
JCHI JPMorgan Active China ETF	-4.46%	27.66%	13.77%	-17.06%

Returns By Period

In the year-to-date period, MCH achieves a -6.13% return, which is significantly lower than JCHI's -4.46% return.

MCH

• 1D: 0.57%
• 1M: -6.56%
• YTD: -6.13%
• 6M: -11.68%
• 1Y: 10.36%
• 3Y*: 4.84%
• 5Y*: —
• 10Y*: —

JCHI

• 1D: 0.61%
• 1M: -4.41%
• YTD: -4.46%
• 6M: -11.12%
• 1Y: 9.44%
• 3Y*: 3.21%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCH vs. JCHI - Expense Ratio Comparison

MCH has a 0.79% expense ratio, which is higher than JCHI's 0.65% expense ratio.

MCH

Matthews China Active ETF

JCHI

JPMorgan Active China ETF

Return for Risk

MCH vs. JCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCH

MCH Risk / Return Rank: 24
MCH Sharpe Ratio Rank: 24
MCH Sortino Ratio Rank: 24
MCH Omega Ratio Rank: 24
MCH Calmar Ratio Rank: 25
MCH Martin Ratio Rank: 24

JCHI

JCHI Risk / Return Rank: 24
JCHI Sharpe Ratio Rank: 24
JCHI Sortino Ratio Rank: 24
JCHI Omega Ratio Rank: 24
JCHI Calmar Ratio Rank: 24
JCHI Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCH vs. JCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews China Active ETF (MCH) and JPMorgan Active China ETF (JCHI). 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	JCHI	Difference
Sharpe ratio Return per unit of total volatility	0.44	0.46	-0.02
Sortino ratio Return per unit of downside risk	0.74	0.74	0.00
Omega ratio Gain probability vs. loss probability	1.10	1.10	0.00
Calmar ratio Return relative to maximum drawdown	0.61	0.57	+0.04
Martin ratio Return relative to average drawdown	1.90	1.66	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MCH vs. JCHI - Sharpe Ratio Comparison

The current MCH Sharpe Ratio is 0.44, which is comparable to the JCHI Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of MCH and JCHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MCH	JCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	0.46	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.19	-0.09

Correlation

The correlation between MCH and JCHI is 0.96, 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. JCHI - Dividend Comparison

MCH's dividend yield for the trailing twelve months is around 1.88%, which matches JCHI's 1.89% yield.

	TTM	2025	2024	2023
MCH Matthews China Active ETF	1.88%	1.76%	1.31%	1.62%
JCHI JPMorgan Active China ETF	1.89%	1.81%	2.12%	2.13%

Drawdowns

MCH vs. JCHI - Drawdown Comparison

The maximum MCH drawdown since its inception was -40.53%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for MCH and JCHI.

Drawdown Indicators

	MCH	JCHI	Difference
Max Drawdown Largest peak-to-trough decline	-40.53%	-29.57%	-10.96%
Max Drawdown (1Y) Largest decline over 1 year	-17.61%	-15.93%	-1.68%
Current Drawdown Current decline from peak	-12.80%	-11.98%	-0.82%
Average Drawdown Average peak-to-trough decline	-19.06%	-13.67%	-5.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.64%	5.64%	0.00%

Volatility

MCH vs. JCHI - Volatility Comparison

Matthews China Active ETF (MCH) has a higher volatility of 6.96% compared to JPMorgan Active China ETF (JCHI) at 5.77%. This indicates that MCH's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MCH	JCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	5.77%	+1.19%
Volatility (6M) Calculated over the trailing 6-month period	14.52%	12.55%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	23.81%	20.80%	+3.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.85%	25.16%	+4.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.85%	25.16%	+4.69%