MCHS vs VOO
Matthews China Discovery Active ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MCHS delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MCHS | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.89% | 0.03% | |
| AUM | $20M | $979.0B | |
| Dividend Yield | 1.56% | 1.09% | |
| Holdings | 55 | 509 | |
| YTD Return | +28.53% | +14.48% | |
| 1Y Return | +35.95% | +22.02% | |
| 3Y Return (annualized) | - | +21.80% | |
| 5Y Return (annualized) | - | +13.36% | |
| Volatility (annualized) | 29.8% | 14.2% | |
| Max Drawdown | -24.8% | -34.3% | |
| Fund Family | Matthews Asia Funds | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 10, 2024 | Sep 7, 2010 |
MCHS vs VOO Performance
Matthews China Discovery Active ETF (MCHS) is a ETF from Matthews Asia Funds and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MCHS returned +35.95% while VOO returned +22.02%. Year to date, MCHS is up 28.53% versus a gain of 14.48% for VOO.
Risk: Volatility and Drawdowns
MCHS has been the more volatile fund, with annualized monthly volatility of 29.8% compared with 14.2% 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 -24.8% for MCHS 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MCHS charges 0.89% per year while VOO charges 0.03%. On a $10,000 position that is $89 vs $3 annually, a gap of $86 per year that compounds over a long holding period. On income, MCHS currently yields 1.56% against 1.09% for VOO.
Holdings Overlap
MCHS and VOO share 0 holdings out of 556 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, MCHS or VOO?
MCHS has an expense ratio of 0.89% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, MCHS or VOO?
Over the past year MCHS returned +35.95% vs +22.02% for VOO, so MCHS leads on 1-year performance. Over the longest common window we track (3 years), MCHS annualized +28.63% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, MCHS or VOO?
MCHS has been the more volatile fund at 29.8% annualized versus 14.2% for VOO. Worst drawdown: MCHS -24.8% vs VOO -34.3%.
Should I hold both MCHS and VOO?
MCHS and VOO have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MCHS and VOO?
MCHS and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 556 unique securities.
Which pays a higher dividend, MCHS or VOO?
MCHS yields 1.56% while VOO yields 1.09%, so MCHS currently pays the higher dividend yield.
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