MPNGY vs. SCHG

Last updated Jun 24, 2026

MPNGY (Meituan ADR) is a stock, while SCHG (Schwab U.S. Large-Cap Growth ETF) is Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. Over the past 5 years, MPNGY returned -26.27%/yr vs 13.27%/yr for SCHG. At a 0.32 correlation, their price movements are largely independent.

Performance

MPNGY vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Meituan ADR (MPNGY) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPNGY achieves a -32.40% return, which is significantly lower than SCHG's 1.35% return.

MPNGY

• 1D: -2.78%
• 1M: -11.68%
• YTD: -32.40%
• 6M: -32.76%
• 1Y: -46.75%
• 3Y*: -17.15%
• 5Y*: -26.27%
• 10Y*: —

SCHG

• 1D: -1.37%
• 1M: -3.93%
• YTD: 1.35%
• 6M: 0.09%
• 1Y: 17.91%
• 3Y*: 22.13%
• 5Y*: 13.27%
• 10Y*: 18.65%

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

MPNGY vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MPNGY Meituan ADR	-32.40%	-32.00%	84.72%	-52.51%	-23.47%	-22.79%	189.35%	7.62%
SCHG Schwab U.S. Large-Cap Growth ETF	1.35%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	6.52%

Correlation

The correlation between MPNGY and SCHG is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 4, 2019	0.32

Return for Risk

MPNGY vs. SCHG — Risk / Return Rank

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

MPNGY

MPNGY Risk / Return Rank: 4
MPNGY Sharpe Ratio Rank: 3
MPNGY Sortino Ratio Rank: 3
MPNGY Omega Ratio Rank: 5
MPNGY Calmar Ratio Rank: 2
MPNGY Martin Ratio Rank: 4

SCHG

SCHG Risk / Return Rank: 28
SCHG Sharpe Ratio Rank: 31
SCHG Sortino Ratio Rank: 30
SCHG Omega Ratio Rank: 30
SCHG Calmar Ratio Rank: 23
SCHG Martin Ratio Rank: 27

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.

MPNGY vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Meituan ADR (MPNGY) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	MPNGY	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	-1.13	1.11	-2.24
Sortino ratio: Return per unit of downside risk	-1.91	1.56	-3.47
Omega ratio: Gain probability vs. loss probability	0.79	1.20	-0.41
Calmar ratio: Return relative to maximum drawdown	-0.98	1.10	-2.08
Martin ratio: Return relative to average drawdown	-1.61	3.58	-5.19

MPNGY vs. SCHG - Sharpe Ratio Comparison

The current MPNGY Sharpe Ratio is -1.13, which is lower than the SCHG Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of MPNGY and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MPNGY vs. SCHG - Drawdown Comparison

The maximum MPNGY drawdown since its inception was -86.40%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for MPNGY and SCHG.

Drawdown Indicators

	MPNGY	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-86.40%	-34.59%	-51.81%
Max Drawdown (1Y) Largest decline over 1 year	-47.65%	-16.41%	-31.24%
Max Drawdown (3Y) Largest decline over 3 years	-68.56%	-23.39%	-45.17%
Max Drawdown (5Y) Largest decline over 5 years	-81.43%	-34.59%	-46.84%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-84.68%	-6.46%	-78.22%
Average Drawdown Average peak-to-trough decline	-54.35%	-5.20%	-49.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.07%	5.02%	+24.05%

Volatility

MPNGY vs. SCHG - Volatility Comparison

Meituan ADR (MPNGY) has a higher volatility of 14.19% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 5.91%. This indicates that MPNGY's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPNGY	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.19%	5.91%	+8.28%
Volatility (6M) Calculated over the trailing 6-month period	32.46%	12.52%	+19.94%
Volatility (1Y) Calculated over the trailing 1-year period	41.44%	16.24%	+25.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.67%	22.38%	+39.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.95%	21.58%	+39.37%

Dividends

MPNGY vs. SCHG - Dividend Comparison

MPNGY has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MPNGY Meituan ADR	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both MPNGY and SCHG in my portfolio?

MPNGY and SCHG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPNGY or SCHG?

MPNGY has higher volatility (14.19%) compared to SCHG (5.91%). In terms of maximum drawdown, MPNGY dropped -86.40% vs SCHG's -34.59%.

Which has better risk-adjusted returns?

SCHG currently has the higher Sharpe Ratio (1.11 vs -1.13), 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.