MKOR vs. ADVE

Last updated Apr 1, 2026

Compare and contrast key facts about Matthews Korea Active ETF (MKOR) and Matthews Asia Dividend Active ETF (ADVE).

MKOR and ADVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MKOR is an actively managed fund by Matthews. It was launched on Oct 29, 2010. ADVE is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

Performance

MKOR vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Korea Active ETF (MKOR) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

MKOR vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MKOR Matthews Korea Active ETF	26.80%	70.33%	-15.76%	7.97%
ADVE Matthews Asia Dividend Active ETF	6.57%	26.12%	7.02%	5.13%

Returns By Period

In the year-to-date period, MKOR achieves a 26.80% return, which is significantly higher than ADVE's 6.57% return.

MKOR

• 1D: 5.51%
• 1M: -16.25%
• YTD: 26.80%
• 6M: 48.56%
• 1Y: 109.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ADVE

• 1D: 3.40%
• 1M: -7.71%
• YTD: 6.57%
• 6M: 10.65%
• 1Y: 32.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MKOR vs. ADVE - Expense Ratio Comparison

Both MKOR and ADVE have an expense ratio of 0.79%.

MKOR

Matthews Korea Active ETF

ADVE

Matthews Asia Dividend Active ETF

Return for Risk

MKOR vs. ADVE — Risk / Return Rank

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

MKOR

MKOR Risk / Return Rank: 97
MKOR Sharpe Ratio Rank: 98
MKOR Sortino Ratio Rank: 97
MKOR Omega Ratio Rank: 97
MKOR Calmar Ratio Rank: 97
MKOR Martin Ratio Rank: 98

ADVE

ADVE Risk / Return Rank: 88
ADVE Sharpe Ratio Rank: 88
ADVE Sortino Ratio Rank: 88
ADVE Omega Ratio Rank: 89
ADVE Calmar Ratio Rank: 87
ADVE Martin Ratio Rank: 87

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.

MKOR vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Korea Active ETF (MKOR) and Matthews Asia Dividend Active ETF (ADVE). 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.

	MKOR	ADVE	Difference
Sharpe ratio Return per unit of total volatility	3.49	1.86	+1.64
Sortino ratio Return per unit of downside risk	3.88	2.51	+1.37
Omega ratio Gain probability vs. loss probability	1.55	1.38	+0.18
Calmar ratio Return relative to maximum drawdown	5.23	2.75	+2.48
Martin ratio Return relative to average drawdown	22.29	10.93	+11.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MKOR vs. ADVE - Sharpe Ratio Comparison

The current MKOR Sharpe Ratio is 3.49, which is higher than the ADVE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of MKOR and ADVE, 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

	MKOR	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.49	1.86	+1.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.19	-0.20

Correlation

The correlation between MKOR and ADVE 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

MKOR vs. ADVE - Dividend Comparison

MKOR's dividend yield for the trailing twelve months is around 2.07%, less than ADVE's 2.80% yield.

	TTM	2025	2024	2023
MKOR Matthews Korea Active ETF	2.07%	2.62%	5.28%	0.00%
ADVE Matthews Asia Dividend Active ETF	2.80%	2.97%	6.00%	0.37%

Drawdowns

MKOR vs. ADVE - Drawdown Comparison

The maximum MKOR drawdown since its inception was -22.09%, which is greater than ADVE's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for MKOR and ADVE.

Drawdown Indicators

	MKOR	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-22.09%	-18.41%	-3.68%
Max Drawdown (1Y) Largest decline over 1 year	-20.62%	-11.73%	-8.89%
Current Drawdown Current decline from peak	-16.25%	-8.73%	-7.52%
Average Drawdown Average peak-to-trough decline	-6.39%	-3.20%	-3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	2.95%	+1.89%

Volatility

MKOR vs. ADVE - Volatility Comparison

Matthews Korea Active ETF (MKOR) has a higher volatility of 20.30% compared to Matthews Asia Dividend Active ETF (ADVE) at 8.77%. This indicates that MKOR's price experiences larger fluctuations and is considered to be riskier than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKOR	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.30%	8.77%	+11.53%
Volatility (6M) Calculated over the trailing 6-month period	27.34%	12.93%	+14.41%
Volatility (1Y) Calculated over the trailing 1-year period	31.64%	17.59%	+14.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.25%	15.11%	+9.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	15.11%	+9.14%