THD vs. ADVE

Last updated Jun 4, 2026

THD (iShares MSCI Thailand ETF) and ADVE (Matthews Asia Dividend Active ETF) are both Asia Pacific Equities funds. THD is passively managed, while ADVE is actively managed. Over the past year, THD returned 42.49% vs 41.86% for ADVE. A 0.55 correlation means they provide meaningful diversification when combined. THD charges 0.59%/yr vs 0.79%/yr for ADVE.

Performance

THD vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Thailand ETF (THD) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, THD achieves a 24.17% return, which is significantly higher than ADVE's 21.50% return.

THD

• 1D: -0.75%
• 1M: 5.54%
• YTD: 24.17%
• 6M: 25.06%
• 1Y: 42.49%
• 3Y*: 5.77%
• 5Y*: 0.86%
• 10Y*: 3.47%

ADVE

• 1D: -0.63%
• 1M: 5.23%
• YTD: 21.50%
• 6M: 23.40%
• 1Y: 41.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

THD vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
THD iShares MSCI Thailand ETF	24.17%	2.36%	-2.21%	-1.24%
ADVE Matthews Asia Dividend Active ETF	21.50%	26.12%	7.02%	5.13%

Correlation

The correlation between THD and ADVE is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (All Time) Calculated using the full available price history since Sep 25, 2023	0.55

The correlation between THD and ADVE has been stable across timeframes, ranging from 0.54 to 0.55 - a consistent structural relationship.

THD vs. ADVE - Sectors Allocation Comparison

Sectors	THD	ADVE
Industrials	29.3%	13.6%
Energy	14.3%	1.2%
Financial Services	11.2%	27.3%
Communication Services	10.3%	9.5%
Consumer Defensive	7.8%	2.9%
Utilities	6.7%	1.1%
Healthcare	6.4%	1.1%
Real Estate	5.1%	4.0%
Consumer Cyclical	4.6%	6.9%
Basic Materials	3.5%	3.4%
Technology	0.9%	29.0%

Return for Risk

THD vs. ADVE — Risk / Return Rank

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

THD

THD Risk / Return Rank: 55
THD Sharpe Ratio Rank: 55
THD Sortino Ratio Rank: 53
THD Omega Ratio Rank: 50
THD Calmar Ratio Rank: 65
THD Martin Ratio Rank: 54

ADVE

ADVE Risk / Return Rank: 76
ADVE Sharpe Ratio Rank: 77
ADVE Sortino Ratio Rank: 77
ADVE Omega Ratio Rank: 79
ADVE Calmar Ratio Rank: 72
ADVE Martin Ratio Rank: 75

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.

THD vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Thailand ETF (THD) and Matthews Asia Dividend Active ETF (ADVE). 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.

	THD	ADVE	Difference
Sharpe ratio Return per unit of total volatility	1.88	2.49	-0.61
Sortino ratio Return per unit of downside risk	2.60	3.47	-0.87
Omega ratio Gain probability vs. loss probability	1.32	1.47	-0.15
Calmar ratio Return relative to maximum drawdown	3.25	3.59	-0.33
Martin ratio Return relative to average drawdown	9.35	14.23	-4.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

THD vs. ADVE - Sharpe Ratio Comparison

The current THD Sharpe Ratio is 1.88, which is comparable to the ADVE Sharpe Ratio of 2.49. The chart below compares the historical Sharpe Ratios of THD and ADVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	THD	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.88	2.49	-0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	1.44	-1.26

Drawdowns

THD vs. ADVE - Drawdown Comparison

The maximum THD drawdown since its inception was -64.22%, which is greater than ADVE's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for THD and ADVE.

Drawdown Indicators

	THD	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-64.22%	-18.41%	-45.81%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-11.73%	-1.39%
Max Drawdown (3Y) Largest decline over 3 years	-34.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.32%	—	—
Current Drawdown Current decline from peak	-8.82%	-0.63%	-8.19%
Average Drawdown Average peak-to-trough decline	-18.28%	-3.15%	-15.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	2.95%	+1.63%

Volatility

THD vs. ADVE - Volatility Comparison

iShares MSCI Thailand ETF (THD) has a higher volatility of 6.41% compared to Matthews Asia Dividend Active ETF (ADVE) at 5.98%. This indicates that THD's price experiences larger fluctuations and is considered to be riskier than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	THD	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	5.98%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	18.28%	14.42%	+3.86%
Volatility (1Y) Calculated over the trailing 1-year period	22.67%	16.89%	+5.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	15.68%	+4.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	15.68%	+5.90%

THD vs. ADVE - Expense Ratio Comparison

THD has a 0.59% expense ratio, which is lower than ADVE's 0.79% expense ratio.

Dividends

THD vs. ADVE - Dividend Comparison

THD's dividend yield for the trailing twelve months is around 2.71%, more than ADVE's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADVE Matthews Asia Dividend Active ETF	2.46%	2.97%	6.00%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
THD iShares MSCI Thailand ETF	2.71%	3.36%	3.15%	2.92%	2.41%	3.16%	2.31%	2.42%	2.57%	2.16%	2.61%	3.58%

Frequently Asked Questions

Can I hold both THD and ADVE in my portfolio?

THD and ADVE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, THD or ADVE?

THD has higher volatility (6.41%) compared to ADVE (5.98%). In terms of maximum drawdown, THD dropped -64.22% vs ADVE's -18.41%.

Which ETF is better, THD or ADVE?

On 1-year performance, THD leads with 42.49% vs 41.86% for ADVE. On fees, THD is cheaper at 0.59% per year. On volatility, ADVE has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, THD or ADVE?

Over the 1-year period, THD has performed better with a 42.49% return vs 41.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, THD or ADVE?

THD is cheaper with a 0.59% expense ratio, compared with 0.79% for ADVE.

Which ETF pays a higher dividend yield, THD or ADVE?

THD has the higher dividend yield at 2.71%, compared with 2.46% for ADVE.

What is the main difference between THD and ADVE?

They also come from different issuers: iShares and Matthews. Their fees differ too: 0.59% for THD and 0.79% for ADVE.

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (2.49 vs 1.88), 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.