MCHFX vs. ETH-USD
MCHFX (Matthews China Fund) is China Equities fund managed by Matthews, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 10 years, MCHFX returned 7.43%/yr vs 61.87%/yr for ETH-USD. At a 0.13 correlation, their price movements are largely independent.
Performance
MCHFX vs. ETH-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MCHFX achieves a 1.74% return, which is significantly higher than ETH-USD's -40.81% return. Over the past 10 years, MCHFX has underperformed ETH-USD with an annualized return of 7.43%, while ETH-USD has yielded a comparatively higher 61.87% annualized return.
MCHFX
- 1D
- -1.24%
- 1M
- 3.30%
- YTD
- 1.74%
- 6M
- 1.26%
- 1Y
- 22.17%
- 3Y*
- 12.28%
- 5Y*
- -6.40%
- 10Y*
- 7.43%
ETH-USD
- 1D
- -3.01%
- 1M
- -25.60%
- YTD
- -40.81%
- 6M
- -43.97%
- 1Y
- -32.69%
- 3Y*
- -1.02%
- 5Y*
- -7.76%
- 10Y*
- 61.87%
MCHFX vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.74% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
ETH-USD Ethereum | -40.81% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
Correlation
The correlation between MCHFX and ETH-USD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2015 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MCHFX vs. ETH-USD — Risk / Return Rank
MCHFX
ETH-USD
MCHFX vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Ethereum (ETH-USD). 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.
| MCHFX | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.96 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.51 | +2.16 |
| Martin ratioReturn relative to average drawdown | 4.39 | -0.86 | +5.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MCHFX | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | -0.49 | +1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | -0.11 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | 0.66 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.76 | -0.44 |
Drawdowns
MCHFX vs. ETH-USD - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for MCHFX and ETH-USD.
Loading charts...
Drawdown Indicators
| MCHFX | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -94.01% | +26.99% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -63.65% | +48.07% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -63.80% | +36.03% |
Max Drawdown (5Y)Largest decline over 5 years | -59.96% | -79.35% | +19.39% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -94.01% | +29.26% |
Current DrawdownCurrent decline from peak | -37.25% | -63.65% | +26.40% |
Average DrawdownAverage peak-to-trough decline | -22.11% | -50.87% | +28.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 43.81% | -38.05% |
Volatility
MCHFX vs. ETH-USD - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 7.67%, while Ethereum (ETH-USD) has a volatility of 10.87%. This indicates that MCHFX experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MCHFX | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.67% | 10.87% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 45.09% | -29.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 55.92% | -35.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 59.51% | -29.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 77.97% | -51.33% |
Frequently Asked Questions
MCHFX and ETH-USD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (10.87%) compared to MCHFX (7.67%). In terms of maximum drawdown, MCHFX dropped -67.02% vs ETH-USD's -94.01%.
MCHFX currently has the higher Sharpe Ratio (1.28 vs -0.49), 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.
Find the right allocation for MCHFX and ETH-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer