MKOR vs. COHR
MKOR (Matthews Korea Active ETF) is Asia Pacific Equities fund actively managed by Matthews, while COHR (Coherent, Inc.) is a stock. Over the past year, MKOR returned 180.86% vs 434.88% for COHR. At a 0.45 correlation, their price movements are largely independent.
Performance
MKOR vs. COHR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MKOR achieves a 105.30% return, which is significantly lower than COHR's 124.22% return.
MKOR
- 1D
- 5.43%
- 1M
- 18.33%
- YTD
- 105.30%
- 6M
- 118.25%
- 1Y
- 180.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
COHR
- 1D
- 7.48%
- 1M
- 8.21%
- YTD
- 124.22%
- 6M
- 131.91%
- 1Y
- 434.88%
- 3Y*
- 96.11%
- 5Y*
- 43.17%
- 10Y*
- 35.53%
MKOR vs. COHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MKOR Matthews Korea Active ETF | 105.30% | 70.33% | -15.76% | -2.52% |
COHR Coherent, Inc. | 124.22% | 94.84% | 117.62% | -13.73% |
Correlation
The correlation between MKOR and COHR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2023 | 0.45 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MKOR vs. COHR — Risk / Return Rank
MKOR
COHR
MKOR vs. COHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Korea Active ETF (MKOR) and Coherent, Inc. (COHR). 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.
| MKOR | COHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.59 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 8.83 | 16.54 | -7.71 |
| Martin ratioReturn relative to average drawdown | 32.45 | 45.32 | -12.88 |
Loading charts...
Drawdowns
MKOR vs. COHR - Drawdown Comparison
The maximum MKOR drawdown since its inception was -22.09%, smaller than the maximum COHR drawdown of -80.89%. Use the drawdown chart below to compare losses from any high point for MKOR and COHR.
Loading charts...
Drawdown Indicators
| MKOR | COHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.09% | -80.89% | +58.80% |
Max Drawdown (1Y)Largest decline over 1 year | -20.62% | -26.52% | +5.90% |
Max Drawdown (3Y)Largest decline over 3 years | — | -54.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -3.06% | +3.06% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -35.01% | +28.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 9.66% | -4.06% |
Volatility
MKOR vs. COHR - Volatility Comparison
The current volatility for Matthews Korea Active ETF (MKOR) is 21.03%, while Coherent, Inc. (COHR) has a volatility of 28.85%. This indicates that MKOR experiences smaller price fluctuations and is considered to be less risky than COHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MKOR | COHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.03% | 28.85% | -7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 37.01% | 57.84% | -20.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.39% | 73.98% | -33.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.54% | 61.69% | -33.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.54% | 56.62% | -28.08% |
Dividends
MKOR vs. COHR - Dividend Comparison
MKOR's dividend yield for the trailing twelve months is around 1.28%, while COHR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
COHR Coherent, Inc. | 0.00% | 0.00% | 0.00% |
MKOR Matthews Korea Active ETF | 1.28% | 2.62% | 5.28% |
Frequently Asked Questions
MKOR and COHR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COHR has higher volatility (28.85%) compared to MKOR (21.03%). In terms of maximum drawdown, MKOR dropped -22.09% vs COHR's -80.89%.
COHR currently has the higher Sharpe Ratio (5.94 vs 4.52), 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.
Find the right allocation for MKOR and COHR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer