MCHFX vs. XRP-USD
MCHFX (Matthews China Fund) is China Equities fund managed by Matthews, while XRP-USD (XRP) is a cryptocurrency. Over the past 5 years, MCHFX returned -6.66%/yr vs 11.06%/yr for XRP-USD. At a 0.15 correlation, their price movements are largely independent.
Performance
MCHFX vs. XRP-USD - Performance Comparison
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Returns By Period
In the year-to-date period, MCHFX achieves a 1.10% return, which is significantly higher than XRP-USD's -43.46% return.
MCHFX
- 1D
- -0.57%
- 1M
- -0.57%
- YTD
- 1.10%
- 6M
- 0.12%
- 1Y
- 16.74%
- 3Y*
- 12.72%
- 5Y*
- -6.66%
- 10Y*
- 7.60%
XRP-USD
- 1D
- -3.01%
- 1M
- -21.66%
- YTD
- -43.46%
- 6M
- -43.24%
- 1Y
- -52.46%
- 3Y*
- 29.45%
- 5Y*
- 11.06%
- 10Y*
- —
MCHFX vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.10% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
XRP-USD XRP | -43.46% | -11.56% | 237.88% | 81.04% | -59.10% | 278.06% | 13.98% | -45.31% | -84.67% | 38,242.83% |
Correlation
The correlation between MCHFX and XRP-USD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2017 | 0.15 |
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Return for Risk
MCHFX vs. XRP-USD — Risk / Return Rank
MCHFX
XRP-USD
MCHFX vs. XRP-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Fund (MCHFX) and XRP (XRP-USD). 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 | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.89 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | -0.74 | +1.92 |
| Martin ratioReturn relative to average drawdown | 3.05 | -1.15 | +4.20 |
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Drawdowns
MCHFX vs. XRP-USD - Drawdown Comparison
The maximum MCHFX drawdown since its inception was -67.02%, smaller than the maximum XRP-USD drawdown of -95.87%. Use the drawdown chart below to compare losses from any high point for MCHFX and XRP-USD.
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Drawdown Indicators
| MCHFX | XRP-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.02% | -95.87% | +28.85% |
Max Drawdown (1Y)Largest decline over 1 year | -15.58% | -70.73% | +55.15% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -70.73% | +42.96% |
Max Drawdown (5Y)Largest decline over 5 years | -59.96% | -77.83% | +17.87% |
Max Drawdown (10Y)Largest decline over 10 years | -64.75% | — | — |
Current DrawdownCurrent decline from peak | -37.64% | -70.73% | +33.09% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -70.97% | +48.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.92% | 39.65% | -33.73% |
Volatility
MCHFX vs. XRP-USD - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 8.33%, while XRP (XRP-USD) has a volatility of 15.69%. This indicates that MCHFX experiences smaller price fluctuations and is considered to be less risky than XRP-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHFX | XRP-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.33% | 15.69% | -7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.30% | 46.25% | -29.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 56.07% | -35.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 71.43% | -41.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.68% | 111.60% | -84.92% |
Frequently Asked Questions
MCHFX and XRP-USD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRP-USD has higher volatility (15.69%) compared to MCHFX (8.33%). In terms of maximum drawdown, MCHFX dropped -67.02% vs XRP-USD's -95.87%.
MCHFX currently has the higher Sharpe Ratio (0.89 vs -0.78), 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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