MCH vs VOO
Matthews China Active ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MCH | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.79% | 0.03% | |
| AUM | $23M | $979.0B | |
| Dividend Yield | 1.72% | 1.09% | |
| Holdings | 65 | 509 | |
| YTD Return | +0.22% | +13.80% | |
| 1Y Return | +14.00% | +23.71% | |
| 3Y Return (annualized) | +11.18% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 30.7% | 14.1% | |
| Max Drawdown | -40.5% | -34.3% | |
| Fund Family | Matthews Asia Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 13, 2022 | Sep 7, 2010 |
MCH vs VOO Performance
Matthews China Active ETF (MCH) is a ETF from Matthews Asia Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MCH returned +14.00% while VOO returned +23.71%. Year to date, MCH is up 0.22% versus a gain of 13.80% for VOO.
Over three years, MCH compounded at +11.18% per year against +21.50% for VOO. Across the full 4-year window we track, VOO has the edge at +13.58% annualized vs +5.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCH has been the more volatile fund, with annualized monthly volatility of 30.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.5% for MCH and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.36. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MCH charges 0.79% per year while VOO charges 0.03%. On a $10,000 position that is $79 vs $3 annually, a gap of $76 per year that compounds over a long holding period. On income, MCH currently yields 1.72% against 1.09% for VOO.
Holdings Overlap
MCH and VOO share 0 holdings out of 560 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MCH or VOO?
MCH has an expense ratio of 0.79% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $76 per year of difference.
Which performed better, MCH or VOO?
Over the past year MCH returned +14.00% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), MCH annualized +5.23% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, MCH or VOO?
MCH has been the more volatile fund at 30.7% annualized versus 14.1% for VOO. Worst drawdown: MCH -40.5% vs VOO -34.3%.
Should I hold both MCH and VOO?
MCH and VOO have a monthly-return correlation of 0.36, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MCH and VOO?
MCH and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 560 unique securities.
Which pays a higher dividend, MCH or VOO?
MCH yields 1.72% while VOO yields 1.09%, so MCH currently pays the higher dividend yield.
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