MCH vs. KBA
MCH (Matthews China Active ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both China Equities funds. MCH is actively managed, while KBA is passively managed. Over the past 3 years, MCH returned 9.01%/yr vs 12.50%/yr for KBA. Their correlation of 0.81 means they have usually moved in the same direction. MCH charges 0.79%/yr vs 0.60%/yr for KBA.
Performance
MCH vs. KBA - Performance Comparison
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Returns By Period
In the year-to-date period, MCH achieves a 0.60% return, which is significantly lower than KBA's 7.51% return.
MCH
- 1D
- 1.35%
- 1M
- 1.55%
- 6M
- -2.23%
- YTD
- 0.60%
- 1Y
- 12.16%
- 3Y*
- 9.01%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 4.31%
KBA
- 1D
- 1.22%
- 1M
- 1.47%
- 6M
- 9.64%
- YTD
- 7.51%
- 1Y
- 33.17%
- 3Y*
- 12.50%
- 5Y*
- 6.68%
- 10Y*
- 9.36%
- ALL TIME*
- 9.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $840.48K | $865.25K | $2.10M | |
| $41.25K | $45.58K | $81.23K |
MCH vs. KBA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MCH Matthews China Active ETF | 0.60% | 30.20% | 17.32% | -19.91% | -3.57% |
KBA KraneShares Bosera MSCI China A Share ETF | 7.51% | 33.88% | 15.73% | -16.77% | 13.99% |
Correlation
The correlation between MCH and KBA is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.81 |
The correlation between MCH and KBA has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
MCH vs. KBA - Sectors Allocation Comparison
Sectors
MCH
KBA
Financial Services
Consumer Cyclical
Technology
Communication Services
Industrials
Basic Materials
Healthcare
Real Estate
Energy
Consumer Defensive
Utilities
-
Financial Services
MCH
KBA
Consumer Cyclical
MCH
KBA
Technology
MCH
KBA
Communication Services
MCH
KBA
Industrials
MCH
KBA
Basic Materials
MCH
KBA
Healthcare
MCH
KBA
Real Estate
MCH
KBA
Energy
MCH
KBA
Consumer Defensive
MCH
KBA
Utilities
MCH
-
KBA
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Return for Risk
MCH vs. KBA — Risk / Return Rank
MCH
KBA
MCH vs. KBA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Active ETF (MCH) and KraneShares Bosera MSCI China A Share ETF (KBA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MCH | KBA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 4.00 | -3.19 |
| Martin ratioReturn relative to average drawdown | 1.96 | 9.42 | -7.46 |
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Drawdowns
MCH vs. KBA - Drawdown Comparison
The maximum MCH drawdown since its inception was -40.53%, smaller than the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for MCH and KBA.
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Drawdown Indicators
| MCH | KBA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -53.24% | +12.71% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | -8.33% | -6.72% |
Max Drawdown (3Y)Largest decline over 3 years | -30.57% | -31.23% | +0.66% |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.32% | — |
Current DrawdownCurrent decline from peak | -6.55% | -6.16% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -17.99% | -25.52% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.21% | 3.53% | +2.68% |
Volatility
MCH vs. KBA - Volatility Comparison
Matthews China Active ETF (MCH) and KraneShares Bosera MSCI China A Share ETF (KBA) have volatilities of 7.61% and 7.84%, 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 | KBA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.61% | 7.84% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 16.42% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 20.86% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.39% | 27.34% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.39% | 25.51% | +3.88% |
MCH vs. KBA - Expense Ratio Comparison
MCH has a 0.79% expense ratio, which is higher than KBA's 0.60% expense ratio.
Dividends
MCH vs. KBA - Dividend Comparison
MCH's dividend yield for the trailing twelve months is around 1.75%, more than KBA's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.45% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
MCH Matthews China Active ETF | 1.75% | 1.76% | 1.31% | 1.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MCH and KBA have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KBA has higher volatility (7.84%) compared to MCH (7.61%). In terms of maximum drawdown, MCH dropped -40.53% vs KBA's -53.24%.
On 3-year performance, KBA leads with 12.50% vs 9.01% for MCH. On fees, KBA is cheaper at 0.60% per year. On volatility, MCH has been the lower-risk option at 7.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KBA has performed better with a 12.50% return vs 9.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KBA is cheaper with a 0.60% expense ratio, compared with 0.79% for MCH.
MCH has the higher dividend yield at 1.75%, compared with 1.45% for KBA.
They also come from different issuers: Matthews and CICC. Their fees differ too: 0.79% for MCH and 0.60% for KBA.
KBA currently has the higher Sharpe Ratio (1.60 vs 0.56), 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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