MCHS vs VTI
Matthews China Discovery Active ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, MCHS or VTI?
Small Cap Blend against Large Cap Blend.
VTI has a lower expense ratio. MCHS led over the full window, VTI over 1Y. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 46.7%.
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 | MCHS | VTI |
|---|---|---|
| Expense Ratio | 0.89% | 0.03%Best |
| AUM | $19M | $690.1B |
| Dividend Yield | 1.90% | 1.03% |
| Holdings | 46 | 3,524 |
| YTD Return | +18.04%Best | +13.35% |
| 1Y Return | +14.44% | +15.92%Best |
| 3Y Return (annualized) | - | +23.41% |
| 5Y Return (annualized) | - | +12.83% |
| Volatility (annualized) | 29.2% | 12.1%Best |
| Max Drawdown | -25.4% | -19.3%Best |
| $10,000 over 2.7 years | $17,530Best | $16,423 |
| Top 10 Weight | 46.7% | 33.3%Best |
| Fund Family | Matthews Asia Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Blend |
| Inception | Jan 10, 2024 | May 24, 2001 |
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 11, 2024 to Oct 2, 2026 (2.7 years).
MCHS vs VTI 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 2.7 years both funds cover.
MCHS vs VTI Performance
Matthews China Discovery Active ETF (MCHS) is an ETF from Matthews Asia Funds and Vanguard Morningstar Total Stock Market ETF (VTI) is an ETF from Vanguard (US). Over the past year MCHS returned +14.44% while VTI returned +15.92%. Year to date, MCHS is up 18.04% versus a gain of 13.35% for VTI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCHS has been the more volatile fund, with annualized monthly volatility of 29.2% compared with 12.1% for VTI. 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 -25.4% for MCHS and -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.35. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MCHS charges 0.89% per year while VTI 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 1.90% against 1.03% for VTI.
Holdings Overlap
1.7% of MCHS's money is in holdings VTI also owns.
MCHS and VTI share little of their money.
The two holdings books were reported 46 days apart, MCHS as of Sep 15, 2026 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 45 positions we hold weights for in MCHS and 3,463 in VTI, against full books of 46 and 3,524.
What only one of them owns
Our book lists 1,148 positions for VTI that do not appear in our book for MCHS (97.4% of the fund), and 3 for MCHS that do not appear in VTI (13.8%).
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 MCHS and VTI 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, MCHS or VTI?
MCHS has an expense ratio of 0.89% while VTI charges 0.03%. VTI is the cheaper option, by $86 a year on a $10,000 investment.
Which performed better, MCHS or VTI?
Over the past year MCHS returned +14.44% vs +15.92% for VTI, so VTI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MCHS or VTI?
MCHS has been the more volatile fund at 29.2% annualized versus 12.1% for VTI. Worst drawdown: MCHS -25.4% vs VTI -19.3%.
Should I hold both MCHS and VTI?
MCHS and VTI have a monthly-return correlation of 0.35, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between MCHS and VTI?
1.7% of MCHS's money is in holdings VTI also owns. 0.0% of VTI's is in holdings MCHS also owns. They hold 2 positions in common, counted across the 45 positions we hold weights for in MCHS and 3,463 in VTI.
Which pays a higher dividend, MCHS or VTI?
MCHS yields 1.90% while VTI yields 1.03%, so MCHS currently pays the higher dividend yield.
Is VTI better than MCHS?
VTI has a lower expense ratio. MCHS led over the full window, VTI over 1Y. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 46.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.