MINV vs. EWY
Compare and contrast key facts about Matthews Asia Innovators Active ETF (MINV) and iShares MSCI South Korea ETF (EWY).
MINV and EWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MINV is an actively managed fund by Matthews. It was launched on Jul 13, 2022. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000.
Performance
MINV vs. EWY - Performance Comparison
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MINV vs. EWY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MINV Matthews Asia Innovators Active ETF | 7.75% | 30.85% | 17.32% | -2.66% | -3.11% |
EWY iShares MSCI South Korea ETF | 26.53% | 95.33% | -20.48% | 19.05% | 2.15% |
Returns By Period
In the year-to-date period, MINV achieves a 7.75% return, which is significantly lower than EWY's 26.53% return.
MINV
- 1D
- 2.27%
- 1M
- -7.80%
- YTD
- 7.75%
- 6M
- 4.06%
- 1Y
- 38.07%
- 3Y*
- 16.47%
- 5Y*
- —
- 10Y*
- —
EWY
- 1D
- 5.65%
- 1M
- -18.74%
- YTD
- 26.53%
- 6M
- 57.02%
- 1Y
- 132.74%
- 3Y*
- 29.24%
- 5Y*
- 8.53%
- 10Y*
- 11.06%
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MINV vs. EWY - Expense Ratio Comparison
MINV has a 0.79% expense ratio, which is higher than EWY's 0.59% expense ratio.
Return for Risk
MINV vs. EWY — Risk / Return Rank
MINV
EWY
MINV vs. EWY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Innovators Active ETF (MINV) and iShares MSCI South Korea ETF (EWY). 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.
| MINV | EWY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 3.68 | -2.10 |
Sortino ratioReturn per unit of downside risk | 2.14 | 3.87 | -1.73 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.55 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.55 | 5.61 | -3.06 |
Martin ratioReturn relative to average drawdown | 8.23 | 22.88 | -14.66 |
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
| MINV | EWY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 3.68 | -2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.32 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.27 | +0.29 |
Correlation
The correlation between MINV and EWY is 0.69, 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
MINV vs. EWY - Dividend Comparison
MINV's dividend yield for the trailing twelve months is around 1.40%, less than EWY's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MINV Matthews Asia Innovators Active ETF | 1.40% | 1.51% | 0.25% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWY iShares MSCI South Korea ETF | 1.66% | 2.10% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% |
Drawdowns
MINV vs. EWY - Drawdown Comparison
The maximum MINV drawdown since its inception was -23.49%, smaller than the maximum EWY drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for MINV and EWY.
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Drawdown Indicators
| MINV | EWY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -74.14% | +50.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.49% | -23.08% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | — | -48.55% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.73% | — |
Current DrawdownCurrent decline from peak | -8.84% | -18.74% | +9.90% |
Average DrawdownAverage peak-to-trough decline | -8.39% | -20.23% | +11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.49% | 5.66% | -1.17% |
Volatility
MINV vs. EWY - Volatility Comparison
The current volatility for Matthews Asia Innovators Active ETF (MINV) is 11.61%, while iShares MSCI South Korea ETF (EWY) has a volatility of 22.66%. This indicates that MINV experiences smaller price fluctuations and is considered to be less risky than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MINV | EWY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.61% | 22.66% | -11.05% |
Volatility (6M)Calculated over the trailing 6-month period | 18.15% | 31.11% | -12.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.14% | 36.32% | -12.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.95% | 26.61% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.95% | 26.19% | -3.24% |