MCHFX vs. EUAD
MCHFX (Matthews China Fund) and EUAD (Select STOXX Europe Aerospace & Defense ETF) are both funds - MCHFX is a China Equities fund managed by Matthews, while EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Over the past year, MCHFX returned 10.82% vs -4.35% for EUAD. At a 0.26 correlation, their price movements are largely independent. MCHFX charges 1.12%/yr vs 0.50%/yr for EUAD.
Performance
MCHFX vs. EUAD - Performance Comparison
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Returns By Period
In the year-to-date period, MCHFX achieves a -3.14% return, which is significantly lower than EUAD's -1.66% return.
MCHFX
- 1D
- -2.69%
- 1M
- -3.81%
- 6M
- -8.20%
- YTD
- -3.14%
- 1Y
- 10.82%
- 3Y*
- 9.45%
- 5Y*
- -6.87%
- 10Y*
- 6.23%
EUAD
- 1D
- -0.46%
- 1M
- 0.73%
- 6M
- -14.19%
- YTD
- -1.66%
- 1Y
- -4.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MCHFX vs. EUAD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MCHFX Matthews China Fund | -3.14% | 29.82% | -6.21% |
EUAD Select STOXX Europe Aerospace & Defense ETF | -1.66% | 74.51% | -6.86% |
Correlation
The correlation between MCHFX and EUAD is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.26 |
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Return for Risk
MCHFX vs. EUAD — Risk / Return Rank
MCHFX
EUAD
MCHFX vs. EUAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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.
| MCHFX | EUAD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.00 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | -0.20 | +0.98 |
| Martin ratioReturn relative to average drawdown | 1.96 | -0.44 | +2.40 |
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Drawdowns
MCHFX vs. EUAD - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, which is greater than EUAD's maximum drawdown of -22.04%. Use the drawdown chart below to compare losses from any high point for MCHFX and EUAD.
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Drawdown Indicators
| MCHFX | EUAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -22.04% | -44.98% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -22.04% | +6.46% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -58.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | — | — |
Current DrawdownCurrent decline from peak | -40.26% | -14.19% | -26.07% |
Average DrawdownAverage peak-to-trough decline | -22.16% | -6.18% | -15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 9.98% | -3.88% |
Volatility
MCHFX vs. EUAD - Volatility Comparison
Matthews China Fund (MCHFX) has a higher volatility of 8.14% compared to Select STOXX Europe Aerospace & Defense ETF (EUAD) at 7.34%. This indicates that MCHFX's price experiences larger fluctuations and is considered to be riskier than EUAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHFX | EUAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 7.34% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 24.40% | -7.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 29.32% | -7.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 29.71% | +0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 29.71% | -3.00% |
MCHFX vs. EUAD - Expense Ratio Comparison
MCHFX has a 1.12% expense ratio, which is higher than EUAD's 0.50% expense ratio.
Dividends
MCHFX vs. EUAD - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.40%, more than EUAD's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.41% | 0.40% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MCHFX Matthews China Fund | 1.40% | 1.36% | 1.91% | 0.78% | 7.53% | 6.54% | 1.25% | 1.12% | 22.28% | 10.31% | 13.66% | 19.24% |
Frequently Asked Questions
MCHFX and EUAD have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHFX has higher volatility (8.14%) compared to EUAD (7.34%). In terms of maximum drawdown, MCHFX dropped -67.02% vs EUAD's -22.04%.
MCHFX currently has the higher Sharpe Ratio (0.57 vs -0.15), 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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