MCHS vs. KJD

Last updated Aug 2, 2026

MCHS (Matthews China Discovery Active ETF) and KJD (KraneShares 2X Long JD Daily ETF) are both China Equities funds. Both are actively managed. Their 0.13 correlation means their historical movements had little consistent relationship. MCHS charges 0.89%/yr vs 1.26%/yr for KJD.

Performance

MCHS vs. KJD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews China Discovery Active ETF (MCHS) and KraneShares 2X Long JD Daily ETF (KJD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MCHS having a 23.90% return and KJD slightly higher at 24.47%.

MCHS

• 1D: 1.71%
• 1M: -14.97%
• 6M: 11.94%
• YTD: 23.90%
• 1Y: 36.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 24.01%

KJD

• 1D: 4.42%
• 1M: 51.02%
• 6M: 28.51%
• YTD: 24.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KJD KraneShares 2X Long JD Daily ETF	$81.29K	$62.29K	$79.36K
MCHS Matthews China Discovery Active ETF	$339.44K	$914.40K	$775.38K

MCHS vs. KJD - Yearly Performance Comparison

	2026 (YTD)	2025
MCHS Matthews China Discovery Active ETF	23.90%	1.43%
KJD KraneShares 2X Long JD Daily ETF	24.47%	-28.21%

Correlation

The correlation between MCHS and KJD is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025	0.13

Return for Risk

MCHS vs. KJD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MCHS

MCHS Risk / Return Rank: 46
MCHS Sharpe Ratio Rank: 47
MCHS Sortino Ratio Rank: 45
MCHS Omega Ratio Rank: 50
MCHS Calmar Ratio Rank: 40
MCHS Martin Ratio Rank: 46

KJD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MCHS vs. KJD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews China Discovery Active ETF (MCHS) and KraneShares 2X Long JD Daily ETF (KJD). 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.

	MCHS	KJD	Difference
Sharpe ratio: Return per unit of total volatility	1.18	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.43	—	—
Martin ratio: Return relative to average drawdown	5.25	—	—

Drawdowns

MCHS vs. KJD - Drawdown Comparison

The maximum MCHS drawdown since its inception was -24.83%, smaller than the maximum KJD drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for MCHS and KJD.

Drawdown Indicators

	MCHS	KJD	Difference
Max Drawdown Largest peak-to-trough decline	-24.83%	-50.81%	+25.98%
Max Drawdown (1Y) Largest decline over 1 year	-24.83%	—	—
Current Drawdown Current decline from peak	-23.54%	-16.87%	-6.67%
Average Drawdown Average peak-to-trough decline	-7.79%	-30.11%	+22.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.72%	—	—

Volatility

Volatility by Period

	MCHS	KJD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.69%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.98%	60.95%	-30.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.25%	60.95%	-30.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.25%	60.95%	-30.70%

MCHS vs. KJD - Expense Ratio Comparison

MCHS has a 0.89% expense ratio, which is lower than KJD's 1.26% expense ratio.

Dividends

MCHS vs. KJD - Dividend Comparison

MCHS's dividend yield for the trailing twelve months is around 2.88%, while KJD has not paid dividends to shareholders.

Position	TTM	2025	2024
KJD KraneShares 2X Long JD Daily ETF	0.00%	0.00%	0.00%
MCHS Matthews China Discovery Active ETF	2.88%	3.56%	5.48%

Frequently Asked Questions

Can I hold both MCHS and KJD in my portfolio?

MCHS and KJD have a correlation of 0.13, 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 KJD?

On fees, MCHS is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCHS or KJD?

MCHS is cheaper with a 0.89% expense ratio, compared with 1.26% for KJD.

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

MCHS has the higher dividend yield at 2.88%, compared with 0.00% for KJD.

What is the main difference between MCHS and KJD?

They also come from different issuers: Matthews and KraneShares. Their fees differ too: 0.89% for MCHS and 1.26% for KJD.