MCSMX vs. MEGMX
Compare and contrast key facts about Matthews China Small Companies Fund (MCSMX) and Matthews Emerging Markets Equity Fund (MEGMX).
MCSMX is managed by Matthews. It was launched on May 30, 2011. MEGMX is managed by Matthews. It was launched on Apr 29, 2020.
Performance
MCSMX vs. MEGMX - Performance Comparison
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MCSMX vs. MEGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MCSMX Matthews China Small Companies Fund | 10.66% | 28.85% | 2.82% | -17.50% | -31.25% | 6.71% | 46.73% |
MEGMX Matthews Emerging Markets Equity Fund | -0.31% | 29.37% | 11.11% | 8.46% | -20.94% | -1.90% | 61.26% |
Returns By Period
In the year-to-date period, MCSMX achieves a 10.66% return, which is significantly higher than MEGMX's -0.31% return.
MCSMX
- 1D
- -0.63%
- 1M
- -10.72%
- YTD
- 10.66%
- 6M
- 6.47%
- 1Y
- 31.98%
- 3Y*
- 6.45%
- 5Y*
- -2.56%
- 10Y*
- 11.23%
MEGMX
- 1D
- -1.39%
- 1M
- -13.91%
- YTD
- -0.31%
- 6M
- 2.52%
- 1Y
- 26.84%
- 3Y*
- 14.55%
- 5Y*
- 3.49%
- 10Y*
- —
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MCSMX vs. MEGMX - Expense Ratio Comparison
MCSMX has a 1.41% expense ratio, which is higher than MEGMX's 1.08% expense ratio.
Return for Risk
MCSMX vs. MEGMX — Risk / Return Rank
MCSMX
MEGMX
MCSMX vs. MEGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews China Small Companies Fund (MCSMX) and Matthews Emerging Markets Equity Fund (MEGMX). 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.
| MCSMX | MEGMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.53 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.94 | 2.10 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.30 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.44 | -0.13 |
Martin ratioReturn relative to average drawdown | 4.46 | 5.52 | -1.06 |
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
| MCSMX | MEGMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.53 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.21 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.70 | -0.36 |
Correlation
The correlation between MCSMX and MEGMX is 0.68, 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
MCSMX vs. MEGMX - Dividend Comparison
MCSMX's dividend yield for the trailing twelve months is around 2.01%, less than MEGMX's 2.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCSMX Matthews China Small Companies Fund | 2.01% | 2.23% | 1.35% | 2.36% | 1.78% | 26.38% | 16.98% | 1.03% | 2.25% | 5.66% | 4.79% | 8.88% |
MEGMX Matthews Emerging Markets Equity Fund | 2.98% | 2.97% | 0.92% | 1.82% | 1.81% | 7.76% | 2.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MCSMX vs. MEGMX - Drawdown Comparison
The maximum MCSMX drawdown since its inception was -55.77%, which is greater than MEGMX's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for MCSMX and MEGMX.
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Drawdown Indicators
| MCSMX | MEGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.77% | -37.64% | -18.13% |
Max Drawdown (1Y)Largest decline over 1 year | -15.69% | -15.34% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -53.98% | -37.03% | -16.95% |
Max Drawdown (10Y)Largest decline over 10 years | -55.77% | — | — |
Current DrawdownCurrent decline from peak | -24.92% | -15.34% | -9.58% |
Average DrawdownAverage peak-to-trough decline | -20.31% | -14.93% | -5.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.63% | 4.01% | +1.62% |
Volatility
MCSMX vs. MEGMX - Volatility Comparison
Matthews China Small Companies Fund (MCSMX) and Matthews Emerging Markets Equity Fund (MEGMX) have volatilities of 8.13% and 8.36%, 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
| MCSMX | MEGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 8.36% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.70% | 13.16% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.12% | 17.81% | +4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 16.82% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 17.23% | +4.76% |