MCHS vs. AFTY

Last updated Jun 3, 2026

MCHS (Matthews China Discovery Active ETF) and AFTY (Pacer CSOP FTSE China A50 ETF) are both China Equities funds. MCHS is actively managed, while AFTY is passively managed. At a 0.31 correlation, their price movements are largely independent. MCHS charges 0.89%/yr vs 0.70%/yr for AFTY.

Performance

MCHS vs. AFTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews China Discovery Active ETF (MCHS) and Pacer CSOP FTSE China A50 ETF (AFTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MCHS

• 1D: 1.99%
• 1M: 8.90%
• YTD: 44.06%
• 6M: 45.71%
• 1Y: 75.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AFTY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCHS vs. AFTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MCHS Matthews China Discovery Active ETF	44.06%	31.19%	6.53%
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	26.41%

Correlation

The correlation between MCHS and AFTY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024	0.31

MCHS vs. AFTY - Sectors Allocation Comparison

Sectors	MCHS	AFTY
Industrials	32.9%	4.7%
Technology	31.5%	7.4%
Consumer Cyclical	12.5%	-
Basic Materials	9.0%	15.5%
Healthcare	4.4%	-
Energy	3.9%	11.5%
Real Estate	3.7%	-
Utilities	2.1%	4.4%
Communication Services	1.2%	-
Consumer Defensive	0.8%	6.1%
Financial Services	-	50.4%

Return for Risk

MCHS vs. AFTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MCHS

MCHS Risk / Return Rank: 89
MCHS Sharpe Ratio Rank: 92
MCHS Sortino Ratio Rank: 89
MCHS Omega Ratio Rank: 88
MCHS Calmar Ratio Rank: 92
MCHS Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCHS vs. AFTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews China Discovery Active ETF (MCHS) and Pacer CSOP FTSE China A50 ETF (AFTY). 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.

	MCHS	AFTY	Difference
Sharpe ratio Return per unit of total volatility	3.35	—	—
Sortino ratio Return per unit of downside risk	4.16	—	—
Omega ratio Gain probability vs. loss probability	1.56	—	—
Calmar ratio Return relative to maximum drawdown	6.28	—	—
Martin ratio Return relative to average drawdown	19.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MCHS	AFTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	—	—

Drawdowns

Drawdown Indicators

	MCHS	AFTY	Difference
Max Drawdown Largest peak-to-trough decline	-23.75%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.15%	—	—
Current Drawdown Current decline from peak	-3.29%	—	—
Average Drawdown Average peak-to-trough decline	-7.62%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	—	—

Volatility

Volatility by Period

	MCHS	AFTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.21%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.74%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.26%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.26%	—	—

MCHS vs. AFTY - Expense Ratio Comparison

MCHS has a 0.89% expense ratio, which is higher than AFTY's 0.70% expense ratio.

Dividends

MCHS vs. AFTY - Dividend Comparison

MCHS's dividend yield for the trailing twelve months is around 2.47%, while AFTY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AFTY Pacer CSOP FTSE China A50 ETF	0.00%	0.00%	0.00%	2.23%	2.08%	1.84%	1.48%	7.96%	1.85%	6.62%	1.19%	16.76%
MCHS Matthews China Discovery Active ETF	2.47%	3.56%	5.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MCHS and AFTY in my portfolio?

MCHS and AFTY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MCHS or AFTY?

On fees, AFTY is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCHS or AFTY?

AFTY is cheaper with a 0.70% expense ratio, compared with 0.89% for MCHS.

Which ETF pays a higher dividend yield, MCHS or AFTY?

MCHS has the higher dividend yield at 2.47%, compared with 0.00% for AFTY.

What is the main difference between MCHS and AFTY?

They also come from different issuers: Matthews and Pacer. Their fees differ too: 0.89% for MCHS and 0.70% for AFTY.