MCHFX vs. ICHKX
Compare and contrast key facts about Matthews China Fund (MCHFX) and Guinness Atkinson China And Hong Kong Fund (ICHKX).
MCHFX is managed by Matthews. It was launched on Feb 18, 1998. ICHKX is managed by Guinness Atkinson. It was launched on Jun 29, 1994.
Performance
MCHFX vs. ICHKX - Performance Comparison
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MCHFX vs. ICHKX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | -9.47% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
ICHKX Guinness Atkinson China And Hong Kong Fund | -3.57% | 28.97% | 0.05% | -14.52% | -23.67% | -6.90% | 14.58% | 30.08% | -20.50% | 49.07% |
Returns By Period
In the year-to-date period, MCHFX achieves a -9.47% return, which is significantly lower than ICHKX's -3.57% return. Over the past 10 years, MCHFX has outperformed ICHKX with an annualized return of 5.77%, while ICHKX has yielded a comparatively lower 3.91% annualized return.
MCHFX
- 1D
- -0.45%
- 1M
- -10.05%
- YTD
- -9.47%
- 6M
- -14.25%
- 1Y
- 6.51%
- 3Y*
- 3.67%
- 5Y*
- -7.84%
- 10Y*
- 5.77%
ICHKX
- 1D
- -0.32%
- 1M
- -7.76%
- YTD
- -3.57%
- 6M
- -4.32%
- 1Y
- 12.70%
- 3Y*
- 1.13%
- 5Y*
- -6.49%
- 10Y*
- 3.91%
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MCHFX vs. ICHKX - Expense Ratio Comparison
MCHFX has a 1.12% expense ratio, which is lower than ICHKX's 1.71% expense ratio.
Return for Risk
MCHFX vs. ICHKX — Risk / Return Rank
MCHFX
ICHKX
MCHFX vs. ICHKX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Guinness Atkinson China And Hong Kong Fund (ICHKX). 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 | ICHKX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.28 | 0.68 | -0.40 |
Sortino ratioReturn per unit of downside risk | 0.53 | 0.99 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.07 | 1.14 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.02 | 0.83 | -0.85 |
Martin ratioReturn relative to average drawdown | -0.06 | 3.51 | -3.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MCHFX | ICHKX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 0.68 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | -0.27 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.18 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.19 | +0.11 |
Correlation
The correlation between MCHFX and ICHKX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MCHFX vs. ICHKX - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.50%, more than ICHKX's 1.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.50% | 1.36% | 1.91% | 0.78% | 7.53% | 6.54% | 1.25% | 1.12% | 22.28% | 10.31% | 13.66% | 19.24% |
ICHKX Guinness Atkinson China And Hong Kong Fund | 1.10% | 1.06% | 1.11% | 0.74% | 0.86% | 20.44% | 3.57% | 4.37% | 12.53% | 6.76% | 5.31% | 12.25% |
Drawdowns
MCHFX vs. ICHKX - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, smaller than the maximum ICHKX drawdown of -70.67%. Use the drawdown chart below to compare losses from any high point for MCHFX and ICHKX.
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Drawdown Indicators
| MCHFX | ICHKX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -70.67% | +3.65% |
Max Drawdown (1Y)Largest decline over 1 year | -16.32% | -14.00% | -2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -60.35% | -53.67% | -6.68% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -58.39% | -6.36% |
Current DrawdownCurrent decline from peak | -44.17% | -38.64% | -5.53% |
Average DrawdownAverage peak-to-trough decline | -22.00% | -27.16% | +5.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.02% | 3.32% | +3.70% |
Volatility
MCHFX vs. ICHKX - Volatility Comparison
Matthews China Fund (MCHFX) has a higher volatility of 7.00% compared to Guinness Atkinson China And Hong Kong Fund (ICHKX) at 5.42%. This indicates that MCHFX's price experiences larger fluctuations and is considered to be riskier than ICHKX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHFX | ICHKX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 5.42% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 13.58% | 11.26% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 18.65% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.83% | 23.72% | +6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.53% | 22.40% | +4.13% |