MKOR vs. IYZ
MKOR (Matthews Korea Active ETF) and IYZ (iShares U.S. Telecommunications ETF) are both exchange-traded funds - MKOR is a Asia Pacific Equities fund actively managed by Matthews, while IYZ is a Communications Equities fund tracking the Dow Jones U.S. Select Telecommunications Index. MKOR is actively managed, while IYZ is passively managed. Over the past year, MKOR returned 180.86% vs 57.01% for IYZ. At a 0.37 correlation, their price movements are largely independent. MKOR charges 0.79%/yr vs 0.42%/yr for IYZ.
Performance
MKOR vs. IYZ - Performance Comparison
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Returns By Period
In the year-to-date period, MKOR achieves a 105.30% return, which is significantly higher than IYZ's 28.55% return.
MKOR
- 1D
- 5.43%
- 1M
- 18.33%
- YTD
- 105.30%
- 6M
- 118.25%
- 1Y
- 180.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IYZ
- 1D
- -0.79%
- 1M
- 1.50%
- YTD
- 28.55%
- 6M
- 31.94%
- 1Y
- 57.01%
- 3Y*
- 27.64%
- 5Y*
- 7.66%
- 10Y*
- 5.71%
MKOR vs. IYZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MKOR Matthews Korea Active ETF | 105.30% | 70.33% | -15.76% | -2.52% |
IYZ iShares U.S. Telecommunications ETF | 28.55% | 29.28% | 20.53% | 7.12% |
Correlation
The correlation between MKOR and IYZ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2023 | 0.37 |
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Return for Risk
MKOR vs. IYZ — Risk / Return Rank
MKOR
IYZ
MKOR vs. IYZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Korea Active ETF (MKOR) and iShares U.S. Telecommunications ETF (IYZ). 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 | IYZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.53 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 8.83 | 6.65 | +2.18 |
| Martin ratioReturn relative to average drawdown | 32.45 | 26.10 | +6.35 |
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Drawdowns
MKOR vs. IYZ - Drawdown Comparison
The maximum MKOR drawdown since its inception was -22.09%, smaller than the maximum IYZ drawdown of -77.11%. Use the drawdown chart below to compare losses from any high point for MKOR and IYZ.
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Drawdown Indicators
| MKOR | IYZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.09% | -77.11% | +55.02% |
Max Drawdown (1Y)Largest decline over 1 year | -20.62% | -8.62% | -12.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.74% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.52% | +5.52% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -40.09% | +33.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 2.19% | +3.41% |
Volatility
MKOR vs. IYZ - Volatility Comparison
Matthews Korea Active ETF (MKOR) has a higher volatility of 21.03% compared to iShares U.S. Telecommunications ETF (IYZ) at 8.04%. This indicates that MKOR's price experiences larger fluctuations and is considered to be riskier than IYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MKOR | IYZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.03% | 8.04% | +12.99% |
Volatility (6M)Calculated over the trailing 6-month period | 37.01% | 15.62% | +21.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.39% | 18.64% | +21.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.54% | 18.89% | +9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.54% | 19.31% | +9.23% |
MKOR vs. IYZ - Expense Ratio Comparison
MKOR has a 0.79% expense ratio, which is higher than IYZ's 0.42% expense ratio.
Dividends
MKOR vs. IYZ - Dividend Comparison
MKOR's dividend yield for the trailing twelve months is around 1.28%, less than IYZ's 1.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYZ iShares U.S. Telecommunications ETF | 1.91% | 2.04% | 1.94% | 2.27% | 2.55% | 2.51% | 2.60% | 2.36% | 2.15% | 3.54% | 2.27% | 1.98% |
MKOR Matthews Korea Active ETF | 1.28% | 2.62% | 5.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MKOR and IYZ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKOR has higher volatility (21.03%) compared to IYZ (8.04%). In terms of maximum drawdown, MKOR dropped -22.09% vs IYZ's -77.11%.
On 1-year performance, MKOR leads with 180.86% vs 57.01% for IYZ. On fees, IYZ is cheaper at 0.42% per year. On volatility, IYZ has been the lower-risk option at 8.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, MKOR has performed better with a 180.86% return vs 57.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IYZ is cheaper with a 0.42% expense ratio, compared with 0.79% for MKOR.
IYZ has the higher dividend yield at 1.91%, compared with 1.28% for MKOR.
MKOR is categorized as Asia Pacific Equities, while IYZ is Communications Equities. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for MKOR and 0.42% for IYZ.
MKOR currently has the higher Sharpe Ratio (4.52 vs 3.08), 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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