MKOR vs. MCHS

Last updated Apr 1, 2026

Compare and contrast key facts about Matthews Korea Active ETF (MKOR) and Matthews China Discovery Active ETF (MCHS).

MKOR and MCHS 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. MCHS is an actively managed fund by Matthews. It was launched on Jan 10, 2024.

Performance

MKOR vs. MCHS - Performance Comparison

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

MKOR vs. MCHS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MKOR Matthews Korea Active ETF	26.80%	70.33%	-12.06%
MCHS Matthews China Discovery Active ETF	10.80%	31.19%	6.53%

Returns By Period

In the year-to-date period, MKOR achieves a 26.80% return, which is significantly higher than MCHS's 10.80% return.

MKOR

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

MCHS

• 1D: -0.59%
• 1M: -10.87%
• YTD: 10.80%
• 6M: 7.16%
• 1Y: 32.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MKOR vs. MCHS - Expense Ratio Comparison

MKOR has a 0.79% expense ratio, which is lower than MCHS's 0.89% expense ratio.

MCHS

Matthews China Discovery Active ETF

MKOR

Matthews Korea Active ETF

Return for Risk

MKOR vs. MCHS — 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

MCHS

MCHS Risk / Return Rank: 72
MCHS Sharpe Ratio Rank: 71
MCHS Sortino Ratio Rank: 72
MCHS Omega Ratio Rank: 72
MCHS Calmar Ratio Rank: 76
MCHS Martin Ratio Rank: 72

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. MCHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Korea Active ETF (MKOR) and Matthews China Discovery Active ETF (MCHS). 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	MCHS	Difference
Sharpe ratio Return per unit of total volatility	3.49	1.27	+2.22
Sortino ratio Return per unit of downside risk	3.88	1.83	+2.05
Omega ratio Gain probability vs. loss probability	1.55	1.27	+0.28
Calmar ratio Return relative to maximum drawdown	5.23	2.03	+3.20
Martin ratio Return relative to average drawdown	22.29	7.51	+14.77
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. MCHS - Sharpe Ratio Comparison

The current MKOR Sharpe Ratio is 3.49, which is higher than the MCHS Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of MKOR and MCHS, 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	MCHS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.49	1.27	+2.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	0.79	+0.20

Correlation

The correlation between MKOR and MCHS is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MKOR vs. MCHS - Dividend Comparison

MKOR's dividend yield for the trailing twelve months is around 2.07%, less than MCHS's 3.22% yield.

	TTM	2025	2024
MKOR Matthews Korea Active ETF	2.07%	2.62%	5.28%
MCHS Matthews China Discovery Active ETF	3.22%	3.56%	5.48%

Drawdowns

MKOR vs. MCHS - Drawdown Comparison

The maximum MKOR drawdown since its inception was -22.09%, smaller than the maximum MCHS drawdown of -23.75%. Use the drawdown chart below to compare losses from any high point for MKOR and MCHS.

Drawdown Indicators

	MKOR	MCHS	Difference
Max Drawdown Largest peak-to-trough decline	-22.09%	-23.75%	+1.66%
Max Drawdown (1Y) Largest decline over 1 year	-20.62%	-15.89%	-4.73%
Current Drawdown Current decline from peak	-16.25%	-11.50%	-4.75%
Average Drawdown Average peak-to-trough decline	-6.39%	-7.98%	+1.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	4.30%	+0.54%

Volatility

MKOR vs. MCHS - Volatility Comparison

Matthews Korea Active ETF (MKOR) has a higher volatility of 20.30% compared to Matthews China Discovery Active ETF (MCHS) at 8.20%. This indicates that MKOR's price experiences larger fluctuations and is considered to be riskier than MCHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MKOR	MCHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.30%	8.20%	+12.10%
Volatility (6M) Calculated over the trailing 6-month period	27.34%	15.15%	+12.19%
Volatility (1Y) Calculated over the trailing 1-year period	31.64%	25.64%	+6.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.25%	27.86%	-3.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	27.86%	-3.61%