MEGMX vs. ASIA
MEGMX (Matthews Emerging Markets Equity Fund) and ASIA (Matthews Pacific Tiger Active ETF) are both funds - MEGMX is a Emerging Markets Equities fund managed by Matthews, while ASIA is a Asia Pacific Equities fund actively managed by Matthews. Over the past year, MEGMX returned 38.98% vs 37.93% for ASIA. Their correlation of 0.88 means they have usually moved in the same direction. MEGMX charges 1.08%/yr vs 0.79%/yr for ASIA.
Performance
MEGMX vs. ASIA - Performance Comparison
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Returns By Period
In the year-to-date period, MEGMX achieves a 21.66% return, which is significantly higher than ASIA's 18.48% return.
MEGMX
- 1D
- 4.40%
- 1M
- -4.18%
- 6M
- 11.77%
- YTD
- 21.66%
- 1Y
- 38.98%
- 3Y*
- 19.70%
- 5Y*
- 7.47%
- 10Y*
- —
- ALL TIME*
- 14.83%
ASIA
- 1D
- 1.18%
- 1M
- -4.71%
- 6M
- 10.82%
- YTD
- 18.48%
- 1Y
- 37.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.81K | $180.34K | $200.88K | |
| $0.00 | $0.00 | $0.00 |
MEGMX vs. ASIA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEGMX Matthews Emerging Markets Equity Fund | 21.66% | 29.37% | 11.11% | 6.55% |
ASIA Matthews Pacific Tiger Active ETF | 18.48% | 32.06% | 3.41% | 0.01% |
Correlation
The correlation between MEGMX and ASIA is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023 | 0.88 |
The correlation between MEGMX and ASIA has been stable across timeframes, ranging from 0.85 to 0.88 - a consistent structural relationship.
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Return for Risk
MEGMX vs. ASIA — Risk / Return Rank
MEGMX
ASIA
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.
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.
| MEGMX | ASIA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.96 | +0.36 |
| Martin ratioReturn relative to average drawdown | 7.13 | 6.31 | +0.82 |
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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.
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Drawdown Indicators
| MEGMX | ASIA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.64% | -23.95% | -13.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -18.52% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.81% | — | — |
Current DrawdownCurrent decline from peak | -12.58% | -14.53% | +1.95% |
Average DrawdownAverage peak-to-trough decline | -14.40% | -5.10% | -9.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.23% | 5.74% | -0.51% |
Volatility
MEGMX vs. ASIA - Volatility Comparison
Matthews Emerging Markets Equity Fund (MEGMX) and Matthews Pacific Tiger Active ETF (ASIA) have volatilities of 9.88% and 10.24%, 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
| MEGMX | ASIA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.88% | 10.24% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 23.68% | 25.12% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.41% | 27.45% | -2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.91% | 22.25% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.73% | 22.25% | -3.52% |
MEGMX vs. ASIA - Expense Ratio Comparison
MEGMX has a 1.08% expense ratio, which is higher than ASIA's 0.79% expense ratio.
Dividends
MEGMX vs. ASIA - Dividend Comparison
MEGMX's dividend yield for the trailing twelve months is around 2.44%, more than ASIA's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ASIA Matthews Pacific Tiger Active ETF | 0.88% | 1.05% | 0.58% | 0.12% | 0.00% | 0.00% | 0.00% |
MEGMX Matthews Emerging Markets Equity Fund | 2.44% | 2.97% | 0.92% | 1.82% | 1.81% | 7.76% | 2.26% |
Frequently Asked Questions
MEGMX and ASIA have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASIA has higher volatility (10.24%) compared to MEGMX (9.88%). In terms of maximum drawdown, MEGMX dropped -37.64% vs ASIA's -23.95%.
MEGMX currently has the higher Sharpe Ratio (1.48 vs 1.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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