Category Review
Index option income was not one bet this year
Matthews China Active ETF
$26.44−0.13 (−0.51%)
- 0.79%
- $17M
- −4.8%
- 1.87%
- 0M sh
- $26.74
- low $25.77high $30.80
The ETF.net MCH Grade
C
Score 48 out of 100
- 18 of 30
Score 48 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F22 out of 100Rank 22 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.A98 out of 100Rank 2 of 22Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B63 out of 100Rank 11 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F12 out of 100Rank 30 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 17 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D27 out of 100Rank 25 of 30
Our read on MCH
CA stock-picker's China fund from an Asia-focused boutique: roughly 60 Chinese common and preferred shares chosen name by name rather than copied from an index. Launched in 2022.
The fund seeks long-term capital appreciation while investing at least 80% of net assets in common and preferred stocks of companies located in China, including Hong Kong and Macau.
Why people hold it
- Genuinely active, not index-shadowing: about 60 holdings, with at least 80% of net assets in common and preferred stocks of companies located in China, Hong Kong and Macau.
- Mandate discipline is the strong suit. The portfolio has stayed squarely inside the China brief its prospectus describes, with no drift into the broader Asia region.
- Run by Matthews Asia, a shop built around Asian equity research rather than a full-line issuer bolting on a China sleeve.
Worth knowing
- Active management costs here: 0.79% a year against a 0.70% median for China funds, with index rivals like FLCH at 0.19% and active JCHI at 0.15%.
- One of the smaller, less-traded names in the China group, so spreads tend to be wider than at the category giants and limit orders carry more weight.
- Concentrated single-country exposure in roughly 60 stocks, so Chinese policy and market swings land with full force. Distributions come once or twice a year at most.
MCH Holdings
- Stocks
- 56
- 44%
- 0700.HK
Sectors
- Financials27.2%
- Consumer Discretionary15.4%
- Technology13.5%
- Communication13.2%
- Materials10.8%
- Industrials8.9%
- Health Care7.6%
- Real Estate2.8%
- Energy0.7%
Geography
- China87.95%
- Hong Kong9.07%
- Ireland1.87%
- Taiwan1.10%
Developed 11% · Emerging 89%
MCH Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
MCH$9,522
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MCH |
|---|---|
| Year to date | −5.8% |
| 1 month | −3.9% |
| 3 months | −6.0% |
| 1 year | −4.8% |
| 3 years | +11.1% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MCH |
|---|---|---|
| 2026 YTD | −5.8% | |
| 2025 | +30.2% | |
| 2024 | +17.3% | |
| 2023 | −19.9% | |
| 2022 | −3.1% |
MCH in the news
MCH Dividends
- 1.87%
- $0.50
- $0.50 per share
- Annual
Distribution history
MCH Risk
- 24.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.37
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −40.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MCH Cost
0.79%
MCH0.79%
- The middle half of China funds
- Median 0.65%
20 of the 29 China funds charge less.
Other funds in China
- BMAGCRoundhill Investments - China Magnificent Seven ETFExpense ratio 0.59%1 year return −30.4%
- CPGJInvesco Golden Dragon China ETFExpense ratio 0.70%1 year return −27.1%
- CFCAFirst Trust China AlphaDEX FundExpense ratio 0.80%1 year return −3.2%
- CCHIQGlobal X - MSCI China Consumer Discretionary ETFExpense ratio 0.65%1 year return −26.6%
- CKWEBKraneShares CSI China Internet ETFExpense ratio 0.69%1 year return −31.7%