MCHFX vs. MASGX
MCHFX (Matthews China Fund) and MASGX (Matthews Asia ESG Fund) are both mutual funds - MCHFX is a China Equities fund managed by Matthews, while MASGX is a Asia Pacific Equities fund managed by Matthews. Over the past 10 years, MCHFX returned 6.38%/yr vs 11.03%/yr for MASGX. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MCHFX charges 1.12%/yr vs 1.24%/yr for MASGX.
Performance
MCHFX vs. MASGX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MCHFX achieves a -1.69% return, which is significantly lower than MASGX's 31.19% return. Over the past 10 years, MCHFX has underperformed MASGX with an annualized return of 6.38%, while MASGX has yielded a comparatively higher 11.03% 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%
MASGX
- 1D
- 1.85%
- 1M
- -7.72%
- 6M
- 18.29%
- YTD
- 31.19%
- 1Y
- 49.61%
- 3Y*
- 13.59%
- 5Y*
- 6.07%
- 10Y*
- 11.03%
- ALL TIME*
- 10.99%
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. MASGX - 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% |
MASGX Matthews Asia ESG Fund | 31.19% | 22.83% | -2.51% | 7.99% | -14.37% | 5.33% | 42.90% | 12.56% | -9.70% | 33.75% |
Correlation
The correlation between MCHFX and MASGX is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.75 |
The correlation between MCHFX and MASGX has been stable across timeframes, ranging from 0.67 to 0.75 - a consistent structural relationship.
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. MASGX — Risk / Return Rank
MCHFX
MASGX
MCHFX vs. MASGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Matthews Asia ESG Fund (MASGX). 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 | MASGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.32 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.56 | 2.47 | -1.91 |
| Martin ratioReturn relative to average drawdown | 1.33 | 8.90 | -7.57 |
Loading charts...
Drawdowns
MCHFX vs. MASGX - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, which is greater than MASGX's maximum drawdown of -36.34%. Use the drawdown chart below to compare losses from any high point for MCHFX and MASGX.
Loading charts...
Drawdown Indicators
| MCHFX | MASGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -36.34% | -30.68% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -19.80% | +4.22% |
Max Drawdown (3Y)Largest decline over 3 years | -27.13% | -24.94% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -57.35% | -36.34% | -21.01% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -36.34% | -28.41% |
Current DrawdownCurrent decline from peak | -39.36% | -14.93% | -24.43% |
Average DrawdownAverage peak-to-trough decline | -22.20% | -11.18% | -11.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.45% | 5.49% | +0.96% |
Volatility
MCHFX vs. MASGX - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 8.14%, while Matthews Asia ESG Fund (MASGX) has a volatility of 10.98%. This indicates that MCHFX experiences smaller price fluctuations and is considered to be less risky than MASGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MCHFX | MASGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 10.98% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 17.47% | 25.32% | -7.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.00% | 27.62% | -5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.94% | 22.04% | +7.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 19.43% | +7.33% |
MCHFX vs. MASGX - Expense Ratio Comparison
MCHFX has a 1.12% expense ratio, which is lower than MASGX's 1.24% expense ratio.
Dividends
MCHFX vs. MASGX - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.38%, less than MASGX's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MASGX Matthews Asia ESG Fund | 4.26% | 5.58% | 2.58% | 7.52% | 5.39% | 2.60% | 5.66% | 1.36% | 4.52% | 3.70% | 1.47% | 0.00% |
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 MASGX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MASGX has higher volatility (10.98%) compared to MCHFX (8.14%). In terms of maximum drawdown, MCHFX dropped -67.02% vs MASGX's -36.34%.
MASGX currently has the higher Sharpe Ratio (1.77 vs 0.40), 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 MASGX
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