XRP-USD vs. MCHFX
XRP-USD (XRP) is a cryptocurrency, while MCHFX (Matthews China Fund) is China Equities fund managed by Matthews. Over the past 5 years, XRP-USD returned 4.64%/yr vs -7.08%/yr for MCHFX. At a 0.15 correlation, their price movements are largely independent.
Performance
XRP-USD vs. MCHFX - Performance Comparison
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Returns By Period
In the year-to-date period, XRP-USD achieves a -37.24% return, which is significantly lower than MCHFX's -1.92% return.
XRP-USD
- 1D
- -0.09%
- 1M
- -18.75%
- YTD
- -37.24%
- 6M
- -44.31%
- 1Y
- -49.12%
- 3Y*
- 28.98%
- 5Y*
- 4.64%
- 10Y*
- —
MCHFX
- 1D
- -3.49%
- 1M
- -3.87%
- YTD
- -1.92%
- 6M
- -3.81%
- 1Y
- 17.05%
- 3Y*
- 10.63%
- 5Y*
- -7.08%
- 10Y*
- 6.83%
XRP-USD vs. MCHFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRP-USD XRP | -37.24% | -11.56% | 237.88% | 81.04% | -59.10% | 278.06% | 13.98% | -45.31% | -84.67% | 38,242.83% |
MCHFX Matthews China Fund | -1.92% | 29.82% | 17.84% | -19.21% | -24.38% | -19.41% | 43.07% | 34.57% | -21.17% | 59.08% |
Correlation
The correlation between XRP-USD and MCHFX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2017 | 0.15 |
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Return for Risk
XRP-USD vs. MCHFX — Risk / Return Rank
XRP-USD
MCHFX
XRP-USD vs. MCHFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XRP (XRP-USD) and Matthews China Fund (MCHFX). 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.
| XRP-USD | MCHFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.16 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 1.13 | -1.84 |
| Martin ratioReturn relative to average drawdown | -1.13 | 2.99 | -4.13 |
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
| XRP-USD | MCHFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | 0.87 | -1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | -0.24 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.31 | +0.23 |
Drawdowns
XRP-USD vs. MCHFX - Drawdown Comparison
The maximum XRP-USD drawdown since its inception was -95.87%, which is greater than MCHFX's maximum drawdown of -67.02%. Use the drawdown chart below to compare losses from any high point for XRP-USD and MCHFX.
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Drawdown Indicators
| XRP-USD | MCHFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.87% | -67.02% | -28.85% |
Max Drawdown (1Y)Largest decline over 1 year | -69.23% | -15.58% | -53.65% |
Max Drawdown (3Y)Largest decline over 3 years | -69.23% | -27.77% | -41.46% |
Max Drawdown (5Y)Largest decline over 5 years | -77.83% | -59.96% | -17.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.75% | — |
Current DrawdownCurrent decline from peak | -67.51% | -39.51% | -28.00% |
Average DrawdownAverage peak-to-trough decline | -71.01% | -22.11% | -48.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.98% | 5.78% | +38.20% |
Volatility
XRP-USD vs. MCHFX - Volatility Comparison
XRP (XRP-USD) has a higher volatility of 14.20% compared to Matthews China Fund (MCHFX) at 8.02%. This indicates that XRP-USD's price experiences larger fluctuations and is considered to be riskier than MCHFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XRP-USD | MCHFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.20% | 8.02% | +6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 46.00% | 15.55% | +30.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.17% | 20.27% | +35.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.40% | 29.99% | +42.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.80% | 26.65% | +85.15% |
Frequently Asked Questions
XRP-USD and MCHFX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XRP-USD has higher volatility (14.20%) compared to MCHFX (8.02%). In terms of maximum drawdown, XRP-USD dropped -95.87% vs MCHFX's -67.02%.
MCHFX currently has the higher Sharpe Ratio (0.87 vs -0.73), 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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