MCHS vs VYM
Matthews China Discovery Active ETF vs Vanguard High Dividend Yield ETF
Which is better, MCHS or VYM?
Small Cap Blend against Large Cap Value.
VYM has a lower expense ratio. MCHS led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 46.4%.
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 | MCHS | VYM |
|---|---|---|
| Expense Ratio | 0.89% | 0.04%Best |
| AUM | $20M | $81.6B |
| Dividend Yield | 1.90% | 2.22% |
| Holdings | 54 | 613 |
| YTD Return | +18.41%Best | +8.51% |
| 1Y Return | +16.01%Best | +12.18% |
| 3Y Return (annualized) | - | +17.98% |
| 5Y Return (annualized) | - | +11.52% |
| Volatility (annualized) | 29.6% | 11.0%Best |
| Max Drawdown | -25.1% | -14.5%Best |
| $10,000 over 2.7 years | $17,604Best | $14,853 |
| Top 10 Weight | 46.4% | 26.1%Best |
| Fund Family | Matthews Asia Funds | Vanguard (US) |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Jan 10, 2024 | Nov 10, 2006 |
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 Sep 30, 2026 (2.7 years).
MCHS vs VYM 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 VYM Performance
Matthews China Discovery Active ETF (MCHS) is an ETF from Matthews Asia Funds and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MCHS returned +16.01% while VYM returned +12.18%. Year to date, MCHS is up 18.41% versus a gain of 8.51% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MCHS has been the more volatile fund, with annualized monthly volatility of 29.6% compared with 11.0% for VYM. 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 -25.1% for MCHS and -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.26. They move largely independently of each other.
Fees and Cost Over Time
MCHS charges 0.89% per year while VYM charges 0.04%. On a $10,000 position that is $89 vs $4 annually, a gap of $85 per year that compounds over a long holding period. On income, MCHS currently yields 1.90% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 45 holdings in MCHS and 557 in VYM, totalling 99.7% and 99.2% 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 45 positions we hold weights for in MCHS and 557 in VYM, against full books of 54 and 613.
What only one of them owns
Our book lists 528 positions for VYM that do not appear in our book for MCHS (97.1% of the fund), and 6 for MCHS that do not appear in VYM (19.3%).
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 VYM 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 VYM?
MCHS has an expense ratio of 0.89% while VYM charges 0.04%. VYM is the cheaper option, by $85 a year on a $10,000 investment.
Which performed better, MCHS or VYM?
Over the past year MCHS returned +16.01% vs +12.18% for VYM, so MCHS leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MCHS or VYM?
MCHS has been the more volatile fund at 29.6% annualized versus 11.0% for VYM. Worst drawdown: MCHS -25.1% vs VYM -14.5%.
Should I hold both MCHS and VYM?
MCHS and VYM have a monthly-return correlation of 0.26, 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, MCHS or VYM?
MCHS yields 1.90% while VYM yields 2.22%, so VYM currently pays the higher dividend yield.
Is VYM better than MCHS?
VYM has a lower expense ratio. MCHS led over 1Y and the full window. VYM is less concentrated, with 26.1% of the fund in its ten largest positions against 46.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.