MEGMX vs. ASIA

Last updated Apr 1, 2026

Compare and contrast key facts about Matthews Emerging Markets Equity Fund (MEGMX) and Matthews Pacific Tiger Active ETF (ASIA).

MEGMX is managed by Matthews. It was launched on Apr 29, 2020. ASIA is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

Performance

MEGMX vs. ASIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Emerging Markets Equity Fund (MEGMX) and Matthews Pacific Tiger Active ETF (ASIA). The values are adjusted to include any dividend payments, if applicable.

MEGMX vs. ASIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MEGMX Matthews Emerging Markets Equity Fund	-0.31%	29.37%	11.11%	6.17%
ASIA Matthews Pacific Tiger Active ETF	1.94%	32.06%	3.41%	0.01%

Returns By Period

In the year-to-date period, MEGMX achieves a -0.31% return, which is significantly lower than ASIA's 1.94% return.

MEGMX

• 1D: -1.39%
• 1M: -13.91%
• YTD: -0.31%
• 6M: 2.52%
• 1Y: 26.84%
• 3Y*: 14.55%
• 5Y*: 3.49%
• 10Y*: —

ASIA

• 1D: 3.32%
• 1M: -10.98%
• YTD: 1.94%
• 6M: 5.62%
• 1Y: 35.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEGMX vs. ASIA - Expense Ratio Comparison

MEGMX has a 1.08% expense ratio, which is higher than ASIA's 0.79% expense ratio.

MEGMX

Matthews Emerging Markets Equity Fund

ASIA

Matthews Pacific Tiger Active ETF

Return for Risk

MEGMX vs. ASIA — Risk / Return Rank

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

MEGMX

MEGMX Risk / Return Rank: 72
MEGMX Sharpe Ratio Rank: 82
MEGMX Sortino Ratio Rank: 81
MEGMX Omega Ratio Rank: 77
MEGMX Calmar Ratio Rank: 61
MEGMX Martin Ratio Rank: 57

ASIA

ASIA Risk / Return Rank: 83
ASIA Sharpe Ratio Rank: 84
ASIA Sortino Ratio Rank: 84
ASIA Omega Ratio Rank: 83
ASIA Calmar Ratio Rank: 83
ASIA Martin Ratio Rank: 82

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.

MEGMX vs. ASIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Equity Fund (MEGMX) and Matthews Pacific Tiger Active ETF (ASIA). 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.

	MEGMX	ASIA	Difference
Sharpe ratio Return per unit of total volatility	1.53	1.64	-0.11
Sortino ratio Return per unit of downside risk	2.10	2.19	-0.08
Omega ratio Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio Return relative to maximum drawdown	1.44	2.38	-0.94
Martin ratio Return relative to average drawdown	5.52	8.98	-3.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEGMX vs. ASIA - Sharpe Ratio Comparison

The current MEGMX Sharpe Ratio is 1.53, which is comparable to the ASIA Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of MEGMX and ASIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MEGMX	ASIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.53	1.64	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	0.73	-0.03

Correlation

The correlation between MEGMX and ASIA is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MEGMX vs. ASIA - Dividend Comparison

MEGMX's dividend yield for the trailing twelve months is around 2.98%, more than ASIA's 1.03% yield.

	TTM	2025	2024	2023	2022	2021	2020
MEGMX Matthews Emerging Markets Equity Fund	2.98%	2.97%	0.92%	1.82%	1.81%	7.76%	2.26%
ASIA Matthews Pacific Tiger Active ETF	1.03%	1.05%	0.58%	0.12%	0.00%	0.00%	0.00%

Drawdowns

MEGMX vs. ASIA - Drawdown Comparison

The maximum MEGMX drawdown since its inception was -37.64%, which is greater than ASIA's maximum drawdown of -23.95%. Use the drawdown chart below to compare losses from any high point for MEGMX and ASIA.

Drawdown Indicators

	MEGMX	ASIA	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-23.95%	-13.69%
Max Drawdown (1Y) Largest decline over 1 year	-15.34%	-14.47%	-0.87%
Max Drawdown (5Y) Largest decline over 5 years	-37.03%	—	—
Current Drawdown Current decline from peak	-15.34%	-11.63%	-3.71%
Average Drawdown Average peak-to-trough decline	-14.93%	-5.00%	-9.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	3.84%	+0.17%

Volatility

MEGMX vs. ASIA - Volatility Comparison

The current volatility for Matthews Emerging Markets Equity Fund (MEGMX) is 8.36%, while Matthews Pacific Tiger Active ETF (ASIA) has a volatility of 11.40%. This indicates that MEGMX experiences smaller price fluctuations and is considered to be less risky than ASIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEGMX	ASIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	11.40%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	13.16%	16.54%	-3.38%
Volatility (1Y) Calculated over the trailing 1-year period	17.81%	21.58%	-3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	19.47%	-2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	19.47%	-2.24%