MCHFX vs. EVCGX
MCHFX (Matthews China Fund) and EVCGX (Eaton Vance Greater China Growth Fund) are both China Equities funds. Over the past 10 years, MCHFX returned 6.38%/yr vs 4.46%/yr for EVCGX. Their correlation of 0.86 means they have usually moved in the same direction. MCHFX charges 1.12%/yr vs 1.53%/yr for EVCGX.
Performance
MCHFX vs. EVCGX - Performance Comparison
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Returns By Period
In the year-to-date period, MCHFX achieves a -1.69% return, which is significantly higher than EVCGX's -4.43% return. Over the past 10 years, MCHFX has outperformed EVCGX with an annualized return of 6.38%, while EVCGX has yielded a comparatively lower 4.46% annualized return.
MCHFX
- 1D
- 0.12%
- 1M
- 0.12%
- 6M
- -4.30%
- YTD
- -1.69%
- 1Y
- 10.45%
- 3Y*
- 8.27%
- 5Y*
- -5.47%
- 10Y*
- 6.38%
- ALL TIME*
- 8.05%
EVCGX
- 1D
- 0.29%
- 1M
- 7.30%
- 6M
- -6.26%
- YTD
- -4.43%
- 1Y
- 2.46%
- 3Y*
- 4.60%
- 5Y*
- -4.50%
- 10Y*
- 4.46%
- ALL TIME*
- 5.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
MCHFX Matthews China Fund | $0.00 | $0.00 | $0.00 |
MCHFX vs. EVCGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | -1.69% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
EVCGX Eaton Vance Greater China Growth Fund | -4.43% | 26.06% | 9.30% | -17.33% | -22.53% | -9.61% | 25.22% | 23.32% | -9.90% | 49.26% |
Correlation
The correlation between MCHFX and EVCGX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.92 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 1998 | 0.86 |
The correlation between MCHFX and EVCGX has been stable across timeframes, ranging from 0.86 to 0.92 - a consistent structural relationship.
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Return for Risk
MCHFX vs. EVCGX — Risk / Return Rank
MCHFX
EVCGX
MCHFX vs. EVCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Eaton Vance Greater China Growth Fund (EVCGX). 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 | EVCGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.02 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 0.03 | +0.53 |
| Martin ratioReturn relative to average drawdown | 1.33 | 0.06 | +1.27 |
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Drawdowns
MCHFX vs. EVCGX - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, roughly equal to the maximum EVCGX drawdown of -68.37%. Use the drawdown chart below to compare losses from any high point for MCHFX and EVCGX.
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Drawdown Indicators
| MCHFX | EVCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -68.37% | +1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -19.19% | +3.61% |
Max Drawdown (3Y)Largest decline over 3 years | -27.13% | -25.40% | -1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -57.35% | -49.77% | -7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -56.84% | -7.91% |
Current DrawdownCurrent decline from peak | -39.36% | -33.12% | -6.24% |
Average DrawdownAverage peak-to-trough decline | -22.20% | -28.09% | +5.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 9.95% | -3.50% |
Volatility
MCHFX vs. EVCGX - Volatility Comparison
Matthews China Fund (MCHFX) has a higher volatility of 8.14% compared to Eaton Vance Greater China Growth Fund (EVCGX) at 6.08%. This indicates that MCHFX's price experiences larger fluctuations and is considered to be riskier than EVCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHFX | EVCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 6.08% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 17.47% | 14.14% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 19.32% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.94% | 25.74% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 22.17% | +4.59% |
MCHFX vs. EVCGX - Expense Ratio Comparison
MCHFX has a 1.12% expense ratio, which is lower than EVCGX's 1.53% expense ratio.
Dividends
MCHFX vs. EVCGX - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.38%, less than EVCGX's 1.66% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVCGX Eaton Vance Greater China Growth Fund | 1.66% | 1.58% | 2.15% | 8.47% | 6.09% | 5.43% | 9.85% | 3.19% | 9.89% | 11.34% | 0.94% | 6.33% |
MCHFX Matthews China Fund | 1.38% | 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 EVCGX have a correlation of 0.87, 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 EVCGX (6.08%). In terms of maximum drawdown, MCHFX dropped -67.02% vs EVCGX's -68.37%.
MCHFX currently has the higher Sharpe Ratio (0.40 vs 0.03), 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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