MCHFX vs. MSBHF
MCHFX (Matthews China Fund) is China Equities fund managed by Matthews, while MSBHF (Mitsubishi Corp) is a stock. Over the past 10 years, MCHFX returned 6.23%/yr vs 20.24%/yr for MSBHF. At a 0.09 correlation, their price movements are largely independent.
Performance
MCHFX vs. MSBHF - 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 MSBHF's 22.99% return. Over the past 10 years, MCHFX has underperformed MSBHF with an annualized return of 6.23%, while MSBHF has yielded a comparatively higher 20.24% annualized 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%
MSBHF
- 1D
- 2.11%
- 1M
- -6.34%
- 6M
- 11.36%
- YTD
- 22.99%
- 1Y
- 43.13%
- 3Y*
- 22.53%
- 5Y*
- 28.44%
- 10Y*
- 20.24%
MCHFX vs. MSBHF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | -3.14% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
MSBHF Mitsubishi Corp | 22.99% | 45.58% | 4.78% | 55.88% | 4.23% | 31.37% | 5.16% | -5.35% | 12.97% | 19.70% |
Correlation
The correlation between MCHFX and MSBHF is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007 | 0.09 |
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Return for Risk
MCHFX vs. MSBHF — Risk / Return Rank
MCHFX
MSBHF
MCHFX vs. MSBHF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Mitsubishi Corp (MSBHF). 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 | MSBHF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.78 | 1.61 | -0.83 |
| Martin ratioReturn relative to average drawdown | 1.96 | 4.86 | -2.89 |
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Drawdowns
MCHFX vs. MSBHF - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, roughly equal to the maximum MSBHF drawdown of -66.05%. Use the drawdown chart below to compare losses from any high point for MCHFX and MSBHF.
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Drawdown Indicators
| MCHFX | MSBHF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -66.05% | -0.97% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -26.88% | +11.30% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -32.60% | +4.83% |
Max Drawdown (5Y)Largest decline over 5 years | -58.71% | -32.60% | -26.11% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -37.81% | -26.94% |
Current DrawdownCurrent decline from peak | -40.26% | -24.78% | -15.48% |
Average DrawdownAverage peak-to-trough decline | -22.16% | -24.36% | +2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.10% | 8.91% | -2.81% |
Volatility
MCHFX vs. MSBHF - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 8.14%, while Mitsubishi Corp (MSBHF) has a volatility of 12.50%. This indicates that MCHFX experiences smaller price fluctuations and is considered to be less risky than MSBHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHFX | MSBHF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 12.50% | -4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 29.49% | -12.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 35.14% | -13.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 31.56% | -1.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.71% | 28.75% | -2.04% |
Dividends
MCHFX vs. MSBHF - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.40%, less than MSBHF's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MSBHF Mitsubishi Corp | 2.55% | 3.05% | 3.54% | 3.03% | 3.46% | 3.84% | 5.07% | 4.56% | 3.64% | 1.42% | 1.39% | 0.00% |
Frequently Asked Questions
MCHFX and MSBHF have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSBHF has higher volatility (12.50%) compared to MCHFX (8.14%). In terms of maximum drawdown, MCHFX dropped -67.02% vs MSBHF's -66.05%.
MSBHF currently has the higher Sharpe Ratio (1.24 vs 0.57), 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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