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 -6.40%/yr vs 4.66%/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 1.74% return, which is significantly higher than XRP-USD's -36.95% return.
MCHFX
- 1D
- -1.24%
- 1M
- 3.30%
- YTD
- 1.74%
- 6M
- 1.26%
- 1Y
- 22.17%
- 3Y*
- 12.28%
- 5Y*
- -6.40%
- 10Y*
- 7.43%
XRP-USD
- 1D
- -3.33%
- 1M
- -17.93%
- YTD
- -36.95%
- 6M
- -44.69%
- 1Y
- -47.35%
- 3Y*
- 31.46%
- 5Y*
- 4.66%
- 10Y*
- —
MCHFX vs. XRP-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHFX Matthews China Fund | 1.74% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
XRP-USD XRP | -36.95% | -11.56% | 237.88% | 81.04% | -59.10% | 278.06% | 13.98% | -45.31% | -84.67% | 33,831.71% |
Correlation
The correlation between MCHFX and XRP-USD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 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.
| MCHFX | XRP-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.81 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.91 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | -0.70 | +2.35 |
| Martin ratioReturn relative to average drawdown | 4.39 | -1.11 | +5.50 |
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 | XRP-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | -0.70 | +1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.05 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.54 | -0.22 |
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% | -67.36% | +51.78% |
Max Drawdown (3Y)Largest decline over 3 years | -27.77% | -67.36% | +39.59% |
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 | -37.25% | -67.36% | +30.11% |
Average DrawdownAverage peak-to-trough decline | -22.11% | -71.01% | +48.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 43.26% | -37.50% |
Volatility
MCHFX vs. XRP-USD - Volatility Comparison
The current volatility for Matthews China Fund (MCHFX) is 7.67%, while XRP (XRP-USD) has a volatility of 12.23%. 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 | 7.67% | 12.23% | -4.56% |
Volatility (6M)Calculated over the trailing 6-month period | 15.20% | 45.40% | -30.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.05% | 56.01% | -35.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 72.44% | -42.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.64% | 111.85% | -85.21% |
Frequently Asked Questions
MCHFX and XRP-USD have a correlation of 0.22, 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 (12.23%) compared to MCHFX (7.67%). In terms of maximum drawdown, MCHFX dropped -67.02% vs XRP-USD's -95.87%.
MCHFX currently has the higher Sharpe Ratio (1.28 vs -0.70), 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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