MKOR vs. FPA
Compare and contrast key facts about Matthews Korea Active ETF (MKOR) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA).
MKOR and FPA 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. FPA is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Asia Pacific Ex-Japan Index. It was launched on Apr 18, 2011.
Performance
MKOR vs. FPA - Performance Comparison
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MKOR vs. FPA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MKOR Matthews Korea Active ETF | 26.80% | 70.33% | -15.76% | -2.16% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 17.42% | 43.16% | 3.95% | -2.09% |
Returns By Period
In the year-to-date period, MKOR achieves a 26.80% return, which is significantly higher than FPA's 17.42% return.
MKOR
- 1D
- 5.51%
- 1M
- -16.25%
- YTD
- 26.80%
- 6M
- 48.56%
- 1Y
- 109.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FPA
- 1D
- 3.37%
- 1M
- -12.20%
- YTD
- 17.42%
- 6M
- 20.56%
- 1Y
- 61.12%
- 3Y*
- 21.98%
- 5Y*
- 9.33%
- 10Y*
- 8.13%
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MKOR vs. FPA - Expense Ratio Comparison
MKOR has a 0.79% expense ratio, which is lower than FPA's 0.80% expense ratio.
Return for Risk
MKOR vs. FPA — Risk / Return Rank
MKOR
FPA
MKOR vs. FPA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Korea Active ETF (MKOR) and First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA). 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 | FPA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.49 | 2.40 | +1.09 |
Sortino ratioReturn per unit of downside risk | 3.88 | 3.14 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.55 | 1.44 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 5.23 | 3.96 | +1.27 |
Martin ratioReturn relative to average drawdown | 22.29 | 16.04 | +6.25 |
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
| MKOR | FPA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.49 | 2.40 | +1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.41 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.26 | +0.73 |
Correlation
The correlation between MKOR and FPA is 0.72, 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
MKOR vs. FPA - Dividend Comparison
MKOR's dividend yield for the trailing twelve months is around 2.07%, less than FPA's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKOR Matthews Korea Active ETF | 2.07% | 2.62% | 5.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FPA First Trust Asia Pacific ex-Japan AlphaDEX Fund | 4.54% | 4.71% | 3.40% | 3.02% | 4.22% | 5.12% | 1.59% | 3.90% | 2.81% | 3.15% | 2.42% | 1.74% |
Drawdowns
MKOR vs. FPA - Drawdown Comparison
The maximum MKOR drawdown since its inception was -22.09%, smaller than the maximum FPA drawdown of -52.91%. Use the drawdown chart below to compare losses from any high point for MKOR and FPA.
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Drawdown Indicators
| MKOR | FPA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.09% | -52.91% | +30.82% |
Max Drawdown (1Y)Largest decline over 1 year | -20.62% | -15.37% | -5.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -52.91% | — |
Current DrawdownCurrent decline from peak | -16.25% | -12.52% | -3.73% |
Average DrawdownAverage peak-to-trough decline | -6.39% | -13.60% | +7.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 3.80% | +1.04% |
Volatility
MKOR vs. FPA - Volatility Comparison
Matthews Korea Active ETF (MKOR) has a higher volatility of 20.30% compared to First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) at 12.28%. This indicates that MKOR's price experiences larger fluctuations and is considered to be riskier than FPA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKOR | FPA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.30% | 12.28% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 27.34% | 17.57% | +9.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.64% | 25.56% | +6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.25% | 23.12% | +1.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.25% | 21.91% | +2.34% |