MCH vs VOO
Matthews China Active ETF vs Vanguard S&P 500 ETF
Which is better, MCH or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 44.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MCH | VOO |
|---|---|---|
| Expense Ratio | 0.79% | 0.03%Best |
| AUM | $22M | $997.4B |
| Dividend Yield | 1.72% | 1.04% |
| Holdings | 57 | 509 |
| YTD Return | -3.25% | +14.14%Best |
| 1Y Return | -2.77% | +17.31%Best |
| 3Y Return (annualized) | +12.09% | +23.16%Best |
| 5Y Return (annualized) | - | +13.85% |
| Volatility (annualized) | 30.3% | 14.3%Best |
| Max Drawdown | -40.5% | -18.7%Best |
| $10,000 over 4.2 years | $11,881 | $21,748Best |
| Top 10 Weight | 44.4% | 37.6%Best |
| Fund Family | Matthews Asia Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Jul 13, 2022 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 4.2 years row, are measured over the window both funds cover: Jul 14, 2022 to Sep 21, 2026 (4.2 years).
MCH vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.2 years both funds cover.
MCH vs VOO Performance
Matthews China Active ETF (MCH) is an ETF from Matthews Asia Funds and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year MCH returned -2.77% while VOO returned +17.31%. Year to date, MCH is down 3.25% versus a gain of 14.14% for VOO.
Over three years, MCH compounded at +12.09% per year against +23.16% for VOO. Across the full 4-year window we track, VOO has the edge at +20.32% annualized vs +4.19%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCH has been the more volatile fund, with annualized monthly volatility of 30.3% compared with 14.3% 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.36. They move together some of the time, and apart the rest.
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 1.04% for VOO.
Holdings Overlap
We hold position weights for 54 holdings in MCH and 494 in VOO, totalling 100.0% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 54 positions we hold weights for in MCH and 494 in VOO, against full books of 57 and 509.
What only one of them owns
Our book lists 487 positions for VOO that do not appear in our book for MCH (99.2% of the fund), and 2 for MCH that do not appear in VOO (1.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of MCH and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $76 a year on a $10,000 investment.
Which performed better, MCH or VOO?
Over the past year MCH returned -2.77% vs +17.31% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), MCH annualized +4.19% vs +20.32% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MCH or VOO?
MCH has been the more volatile fund at 30.3% annualized versus 14.3% for VOO. Worst drawdown: MCH -40.5% vs VOO -18.7%.
Should I hold both MCH and VOO?
MCH and VOO have a monthly-return correlation of 0.36, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MCH or VOO?
MCH yields 1.72% while VOO yields 1.04%, so MCH currently pays the higher dividend yield.
Is VOO better than MCH?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. VOO is less concentrated, with 37.6% of the fund in its ten largest positions against 44.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.