MCH vs. KJD
MCH (Matthews China Active ETF) and KJD (KraneShares 2X Long JD Daily ETF) are both China Equities funds. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. MCH charges 0.79%/yr vs 1.26%/yr for KJD.
Performance
MCH vs. KJD - Performance Comparison
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Returns By Period
In the year-to-date period, MCH achieves a 1.40% return, which is significantly higher than KJD's -1.10% return.
MCH
- 1D
- 1.38%
- 1M
- -3.62%
- 6M
- -4.23%
- YTD
- 1.40%
- 1Y
- 14.97%
- 3Y*
- 11.09%
- 5Y*
- —
- 10Y*
- —
KJD
- 1D
- 3.15%
- 1M
- 2.43%
- 6M
- -7.79%
- YTD
- -1.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MCH vs. KJD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MCH Matthews China Active ETF | 1.40% | 0.18% |
KJD KraneShares 2X Long JD Daily ETF | -1.10% | -28.21% |
Correlation
The correlation between MCH and KJD is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.50 |
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Return for Risk
MCH vs. KJD — Risk / Return Rank
MCH
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MCH vs. KJD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Active ETF (MCH) and KraneShares 2X Long JD Daily ETF (KJD). 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 | KJD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | — | — |
| Martin ratioReturn relative to average drawdown | 2.55 | — | — |
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Drawdowns
MCH vs. KJD - Drawdown Comparison
The maximum MCH drawdown since its inception was -40.53%, smaller than the maximum KJD drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for MCH and KJD.
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Drawdown Indicators
| MCH | KJD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.53% | -50.81% | +10.28% |
Max Drawdown (1Y)Largest decline over 1 year | -15.05% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -30.57% | — | — |
Current DrawdownCurrent decline from peak | -5.80% | -33.94% | +28.14% |
Average DrawdownAverage peak-to-trough decline | -18.13% | -30.33% | +12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.88% | — | — |
Volatility
MCH vs. KJD - Volatility Comparison
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Volatility by Period
| MCH | KJD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.47% | 61.42% | -39.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.45% | 61.42% | -31.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.45% | 61.42% | -31.97% |
MCH vs. KJD - Expense Ratio Comparison
MCH has a 0.79% expense ratio, which is lower than KJD's 1.26% expense ratio.
Dividends
MCH vs. KJD - Dividend Comparison
MCH's dividend yield for the trailing twelve months is around 1.74%, while KJD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
KJD KraneShares 2X Long JD Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% |
MCH Matthews China Active ETF | 1.74% | 1.76% | 1.31% | 1.62% |
Frequently Asked Questions
MCH and KJD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MCH is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MCH is cheaper with a 0.79% expense ratio, compared with 1.26% for KJD.
MCH has the higher dividend yield at 1.74%, compared with 0.00% for KJD.
They also come from different issuers: Matthews and KraneShares. Their fees differ too: 0.79% for MCH and 1.26% for KJD.
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