MCHFX vs. OXY
MCHFX (Matthews China Fund) is China Equities fund managed by Matthews, while OXY (Occidental Petroleum Corporation) is a stock. Over the past 10 years, MCHFX returned 7.67%/yr vs -1.09%/yr for OXY. At a 0.27 correlation, their price movements are largely independent.
Performance
MCHFX vs. OXY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MCHFX achieves a 1.69% return, which is significantly lower than OXY's 25.41% return. Over the past 10 years, MCHFX has outperformed OXY with an annualized return of 7.67%, while OXY has yielded a comparatively lower -1.09% annualized return.
MCHFX
- 1D
- -3.21%
- 1M
- 2.04%
- YTD
- 1.69%
- 6M
- 0.69%
- 1Y
- 18.35%
- 3Y*
- 12.94%
- 5Y*
- -6.14%
- 10Y*
- 7.67%
OXY
- 1D
- -2.18%
- 1M
- -12.73%
- YTD
- 25.41%
- 6M
- 28.92%
- 1Y
- 22.76%
- 3Y*
- -1.32%
- 5Y*
- 10.69%
- 10Y*
- -1.09%
MCHFX vs. OXY - 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% |
OXY Occidental Petroleum Corporation | 25.41% | -14.95% | -15.91% | -4.08% | 119.10% | 67.71% | -56.63% | -28.28% | -13.05% | 8.49% |
Correlation
The correlation between MCHFX and OXY is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 1998 | 0.27 |
The correlation between MCHFX and OXY shifts across timeframes, from -0.10 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.
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. OXY — Risk / Return Rank
MCHFX
OXY
MCHFX vs. OXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and Occidental Petroleum Corporation (OXY). 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 | OXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.14 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.02 | +0.43 |
| Martin ratioReturn relative to average drawdown | 3.75 | 2.23 | +1.52 |
Loading charts...
Drawdowns
MCHFX vs. OXY - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, smaller than the maximum OXY drawdown of -88.45%. Use the drawdown chart below to compare losses from any high point for MCHFX and OXY.
Loading charts...
Drawdown Indicators
| MCHFX | OXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -88.45% | +21.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -22.52% | +6.94% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -46.94% | +19.17% |
Max Drawdown (5Y)Largest decline over 5 years | -59.96% | -50.77% | -9.19% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | -88.39% | +23.64% |
Current DrawdownCurrent decline from peak | -37.29% | -28.76% | -8.53% |
Average DrawdownAverage peak-to-trough decline | -22.13% | -20.15% | -1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.91% | 10.24% | -4.33% |
Volatility
MCHFX vs. OXY - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 8.30%, while Occidental Petroleum Corporation (OXY) has a volatility of 8.81%. This indicates that MCHFX experiences smaller price fluctuations and is considered to be less risky than OXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MCHFX | OXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.30% | 8.81% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 27.32% | -11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 34.53% | -13.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 39.33% | -9.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.68% | 48.79% | -22.11% |
Dividends
MCHFX vs. OXY - Dividend Comparison
MCHFX's dividend yield for the trailing twelve months is around 1.33%, less than OXY's 1.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.33% | 1.36% | 1.91% | 0.78% | 7.53% | 6.54% | 1.25% | 1.12% | 22.28% | 10.31% | 13.66% | 19.24% |
OXY Occidental Petroleum Corporation | 1.96% | 2.33% | 1.78% | 1.21% | 0.83% | 0.14% | 4.74% | 7.62% | 5.05% | 4.15% | 4.24% | 4.39% |
Frequently Asked Questions
MCHFX and OXY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OXY has higher volatility (8.81%) compared to MCHFX (8.30%). In terms of maximum drawdown, MCHFX dropped -67.02% vs OXY's -88.45%.
MCHFX currently has the higher Sharpe Ratio (1.08 vs 0.67), 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 OXY
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