MCHS vs. CNXT
Compare and contrast key facts about Matthews China Discovery Active ETF (MCHS) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT).
MCHS and CNXT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MCHS is an actively managed fund by Matthews. It was launched on Jan 10, 2024. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014.
Performance
MCHS vs. CNXT - Performance Comparison
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MCHS vs. CNXT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MCHS Matthews China Discovery Active ETF | 13.36% | 31.19% | 6.53% |
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 3.20% | 59.31% | 20.81% |
Returns By Period
In the year-to-date period, MCHS achieves a 13.36% return, which is significantly higher than CNXT's 3.20% return.
MCHS
- 1D
- 2.32%
- 1M
- -9.45%
- YTD
- 13.36%
- 6M
- 9.20%
- 1Y
- 35.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CNXT
- 1D
- -0.62%
- 1M
- -2.00%
- YTD
- 3.20%
- 6M
- 2.49%
- 1Y
- 65.33%
- 3Y*
- 12.24%
- 5Y*
- 1.47%
- 10Y*
- 3.87%
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MCHS vs. CNXT - Expense Ratio Comparison
MCHS has a 0.89% expense ratio, which is higher than CNXT's 0.65% expense ratio.
Return for Risk
MCHS vs. CNXT — Risk / Return Rank
MCHS
CNXT
MCHS vs. CNXT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Discovery Active ETF (MCHS) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). 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 | CNXT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.37 | 2.06 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.57 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.36 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.23 | 3.71 | -1.48 |
Martin ratioReturn relative to average drawdown | 8.17 | 13.62 | -5.45 |
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
| MCHS | CNXT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.37 | 2.06 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.16 | +0.67 |
Correlation
The correlation between MCHS and CNXT is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MCHS vs. CNXT - Dividend Comparison
MCHS's dividend yield for the trailing twelve months is around 3.14%, more than CNXT's 0.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCHS Matthews China Discovery Active ETF | 3.14% | 3.56% | 5.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.17% | 0.18% | 0.15% | 0.00% | 0.00% | 9.22% | 0.01% | 0.45% | 0.00% | 0.19% |
Drawdowns
MCHS vs. CNXT - Drawdown Comparison
The maximum MCHS drawdown since its inception was -23.75%, smaller than the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for MCHS and CNXT.
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Drawdown Indicators
| MCHS | CNXT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.75% | -68.98% | +45.23% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -17.35% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -61.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.30% | — |
Current DrawdownCurrent decline from peak | -9.45% | -24.37% | +14.92% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -43.41% | +35.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 4.73% | -0.39% |
Volatility
MCHS vs. CNXT - Volatility Comparison
Matthews China Discovery Active ETF (MCHS) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) have volatilities of 7.12% and 7.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCHS | CNXT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.12% | 7.46% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 15.31% | 19.80% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.73% | 31.89% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.87% | 34.92% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.87% | 31.54% | -3.67% |