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Launched

Matthews China Active ETF

MCHNYSE ArcaMatthews AsiaC

$24.33+0.28 (+1.16%)

As of Nov 2, 2026, 3:43 PM ET

C48/ 100

Rank 16 of 30 in China

C48/100Rank 16 of 30inChina
Intraday session: up, 71 prints from 24.05 to 24.33. Range 24.03 to 24.45. Use the arrow keys to read each point.24.1024.2024.4010 AM12 PM2 PM4 PM
Expense ratio
0.79%
Fund size
$15M
1Y total return
−17.6%
Yield · Last 12 months
2.07%
Holdings
57
Avg volume · 30D
2.16K sh
52W range
low $24.05high $30.36
Launched

The ETF.net MCH Grade

C

Score 48 out of 100

Category
China⁠
Rank
16 of 30
Six-pillar profile for MCH. Scores out of 100: Cost 21, Risk 68, Mission 98, Tradability 12, Holdings 49, Durability 25. Strongest: Mission (98). Weakest: Tradability (12). Leans toward Mission.

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.
    F21 out of 100
    Rank 23 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A98 out of 100
    Rank 2 of 22

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B68 out of 100
    Rank 6 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F12 out of 100
    Rank 30 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C49 out of 100
    Rank 17 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D25 out of 100
    Rank 26 of 30

Our read on MCH

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Jul 13, 2022

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$8,243
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MCH $8,243. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for MCH. Periods over one year show the average yearly return.
PeriodMCH
Year to date−14.8%
1 month−11.3%
3 months−14.2%
1 year−17.6%
3 yearsper year+9.5%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MCH
YearReturn barMCH
2026 YTD−14.8%
2025+30.2%
2024+17.3%
2023−19.9%
2022−3.1%

History from Jul 14, 2022

MCH in the news

MCH Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.07%Last 12 months
Payout per share
$0.50Last 12 months
Last payment
$0.50 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 14, 2023 $0.31; Dec 18, 2024 $0.29; Dec 17, 2025 $0.50. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 17, 2025Dec 22, 2025$0.50
Dec 18, 2024Dec 23, 2024$0.29
Dec 14, 2023Dec 21, 2023$0.31

$10,000 in MCH 3 years ago paid $552 in dividends.

MCH Risk

Risk pillarB68 out of 100Rank 6 of 30 in China
How much the fund’s monthly returns vary, scaled to a year.
25.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.30
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−40.6%
51 months · trough Feb 2024
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.

How strongly the fund’s returns move with its asset-class index.
0.86
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MCH Cost

Compare MCH and FLCH

Overpaying vs FLCH, cheapest in China

$11,222

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MCH 0.79%

    $15,174

  • FLCH 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • MCH 0.79%
  • FLCH 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MCH $15,174FLCH $3,952

Year by year

YearMCHFLCHOverpaying
10$1,405$347$1,058
20$5,331$1,351$3,980
30$15,174$3,952$11,222

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