Matthews International Funds ETF Volatility
| ASIA ETF | USD 42.55 -0.73 -1.69% |
Sharpe Ratio = 0.1275
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Matthews International Funds posted a Market Risk Adjusted Performance of 0.2%, a Risk of 1.85, and a Risk Adjusted Performance of 0.2% for the reported period. The ETF reflects approximately 10% of its established trend range based on monthly averages.
Key indicators related to Matthews International's volatility include:90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
Key risk metrics for Matthews International (3 Months):
Beta 1.3 | Alpha 0.29 | Risk 1.85 | Sharpe Ratio 0.13 | Expected Return 0.24 |
Moving together with Matthews ETF
| 0.74 | BBAX | JPMorgan BetaBuilders | PairCorr |
| 0.72 | AAXJ | iShares MSCI All | PairCorr |
| 0.75 | EPP | iShares MSCI Pacific | PairCorr |
| 0.96 | AIA | iShares Asia 50 | PairCorr |
| 0.95 | GMF | SPDR SAMPP Emerging | PairCorr |
| 0.99 | FLAX | Franklin FTSE Asia | PairCorr |
| 0.94 | FPA | First Trust Asia | PairCorr |
| 0.84 | MINV | Matthews Asia Innovators | PairCorr |
| 0.88 | ADIV | SmartETFs Asia Pacific | PairCorr |
| 0.92 | SIXD | AllianzIM Equity 6 | PairCorr |
| 0.61 | PFFL | ETRACS 2xMonthly Pay | PairCorr |
| 0.88 | ICPY | Tweedy Browne | PairCorr |
| 0.76 | PLGI | PL Growth | PairCorr |
| 0.81 | NUDV | Nushares ETF Trust | PairCorr |
| 0.63 | PAPR | Innovator SAMPP 500 | PairCorr |
| 0.88 | HAIL | SPDR SAMPP Kensho | PairCorr |
| 0.61 | ECOW | Pacer Emerging Markets | PairCorr |
| 0.85 | LDUR | PIMCO Enhanced Low | PairCorr |
| 0.91 | DRGN | Themes China Generative | PairCorr |
| 0.93 | EDGU | 3EDGE Dynamic Equity | PairCorr |
| 0.87 | VTV | Vanguard Value Index | PairCorr |
Moving Against Matthews ETF
| 0.81 | VXX | iPath Series B | PairCorr |
| 0.81 | VIXY | ProShares VIX Short | PairCorr |
| 0.71 | VIXM | ProShares VIX Mid | PairCorr |
| 0.71 | VXZ | iPath Series B | PairCorr |
| 0.58 | METD | Direxion Daily META | PairCorr |
Sensitivity To Market
Matthews International beta coefficient measures the volatility of Matthews ETF relative to the systematic risk of the broad market benchmark. A beta of 1.3 indicates the degree of sensitivity to market-wide movements. Current total volatility is approximately 1.85%. Matthews International Funds has shown noticeable price swings over the selected period. Downside deviation is about 2.09% and standard deviation is about 1.87%, which summarize how widely returns have moved. Creation/redemption activity keeps price closer to NAV, but volatility still rises during stress. Premium/discount to NAV is often expressed as (Price − NAV) / NAV × 100 when NAV is available.
3 Months Beta |Matthews International Demand TrendCurrent 90-day Matthews International correlation with market (Dow Jones Industrial)Downside Risk
Standard deviation measures how far Matthews returns deviate from the historical mean and remains a primary indicator of total price volatility. A large standard deviation signals wide price swings; a small one signals relative stability. Peer-relative standard deviation places Matthews on a common scale for cross-instrument volatility ranking. This dispersion metric remains a common starting point for assessing Matthews price volatility.
Standard Deviation | 1.85 |
For Matthews International, the distinction between upside and downside risk matters. Downside risk, the risk of loss specifically, is better measured by semi-deviation or downside deviation of Matthews International's returns. Total price dispersion for Matthews International includes upside moves that do not represent loss risk. Using both metrics together provides a more complete view of Matthews International's risk characteristics. Matthews International Funds posted a Downside Deviation of 2.09, a Downside Variance of 4.37, and a Maximum Drawdown of 9.55 for the reported period.
ETF Volatility Analysis
Volatility describes the degree to which Matthews International ETF price fluctuates in either direction. It captures how much Matthews International's price fluctuates, which is relevant to allocation calibration. Volatility in Matthews International reflects the degree of uncertainty around Matthews International's ETF price. Periods of elevated volatility in Matthews International reward disciplined traders while exposing long-term holders to drawdowns.
Transformation |
This analysis covers sixty-one data points across the selected time horizon. The Average Price transformation calculates the mean of Matthews International's open, high, low, and close for each trading period. By incorporating all four price components equally, it provides a balanced representation of each period's trading activity. Compared to using the closing price alone, the average price reduces the influence of end-of-day positioning and can serve as a smoother input for other technical indicators.
Projected Return Density Against Market
Given a 90-day horizon, Matthews International has a beta of 1.2965. This suggests when the benchmark rises, ASIA tends to outperform it on average. However, when benchmark returns turn negative, Matthews International tends to underperform.Systematic risk links Matthews International to broad ETF market cycles, while unsystematic risk stems from company or sector-specific developments. Diversification addresses the latter, but macro sensitivity persists. Beta measures relative responsiveness. Matthews International Funds posted a Downside Deviation of 2.09, a Mean Deviation of 1.37, and a Semi Deviation of 1.71 for the reported period.
Predicted Return Distribution |
| Density |
What Drives Matthews International's Price Volatility?
Holdings and Allocation
Changes in underlying holdings, sector weights, and rebalancing activity within the Pacific/Asia ex-Japan Stk category can influence Matthews International's price dispersion even when broad indices are stable.Political and Economic Environment
Rates, inflation expectations, and policy headlines can shift discount rates and risk appetite for Matthews International.Matthews International's Fund-Specific Factors
Flows in and out of the fund, tracking error, and premium-to-NAV shifts are common drivers of short-term price movement in Matthews International's shares.ETF Risk Measures
Given a 90-day horizon, the coefficient of variation of Matthews International is 784.32. The daily returns are distributed with a variance of 3.42 and standard deviation of 1.85. The mean deviation of Matthews International Funds is currently at 1.36. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.96
α | Alpha over Dow Jones | 0.29 | |
β | Beta against Dow Jones | 1.30 | |
σ | Overall volatility | 1.85 | |
Ir | Information ratio | 0.16 |
ETF Return Volatility
Matthews International historical daily return volatility represents how much of Matthews International ETF's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The ETF reported 1.8486% volatility on return distribution over a 90-day investment horizon. By contrast, Dow Jones Industrial reported 0.9238% volatility on return distribution over a 90-day investment horizon. Performance |
| Timeline |
Related Correlations Analysis
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Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Matthews International Competition Risk-Adjusted Indicators
Strong recent returns in Matthews ETF do not always mean Matthews International ETF is outperforming peers on business quality. Without risk-adjusted context, short-term returns may appear stronger than the volatility required to achieve them would suggest. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.75 | -0.20 | 0.00 | -0.16 | 0.00 | 2.61 | 15.22 | |||
| MSFT | 1.36 | -0.03 | 0.00 | -0.03 | 0.00 | 3.11 | 8.57 | |||
| UBER | 1.72 | -0.02 | 0.00 | -0.02 | 0.00 | 3.61 | 8.83 | |||
| F | 1.53 | -0.18 | 0.00 | -0.12 | 0.00 | 4.11 | 9.26 | |||
| T | 1.18 | -0.02 | 0.00 | 0.08 | 0.00 | 2.34 | 7.75 | |||
| A | 1.43 | -0.21 | 0.00 | -0.20 | 0.00 | 2.67 | 8.08 | |||
| CRM | 2.14 | -0.20 | 0.00 | -1.23 | 0.00 | 4.07 | 13.46 | |||
| JPM | 1.11 | 0.03 | 0.02 | 0.04 | 1.47 | 2.18 | 8.16 | |||
| MRK | 1.18 | 0.01 | 0.00 | 0.03 | 1.57 | 2.73 | 7.67 | |||
| XOM | 1.44 | 0.13 | 0.06 | -0.19 | 2.00 | 2.73 | 9.09 |
Risk Metrics, Assumptions & Methodology
Systematic risk exposure for Matthews International measures how much of the fund's volatility comes from broad market movements versus idiosyncratic factors. Low beta does not mean low volatility; it means volatility is driven more by idiosyncratic than systematic factors.
Matthews International Funds metrics are compiled from fund disclosures and market reference feeds and normalized before display. Volatility and downside metrics are estimated from historical return dispersion.
Editorial review and methodology oversight provided by: Michael Smolkin, Member of Macroaxis Board of Directors
Volatility Profile Summary
Recent data suggests that Matthews International Funds is more volatile than Dow Jones Industrial by approximately 2.01x over the selected horizon. This differential reflects the relative dispersion of returns and frames how the asset responds to broader market conditions. Observed price behavior indicates modest directional movement within the current volatility regime. Across the current 90-day horizon, that places the security below 16% of the broader equity and portfolio universe on a pure volatility basis. This positioning reflects relative dispersion compared to peers rather than extreme instability.Matthews International Funds exhibits characteristics that tend to dampen sensitivity to smaller market fluctuations within the current volatility regime. This directional read frames the latest price swing through a simple momentum and follow-through lens. It gains reliability when combined with broader risk controls and volatility-adjusted analysis. a somewhat bearish sentiment with potential for near-term correction. Return distributions derived from historical modeling outline a range of potential outcomes over the selected 90-day horizon. View Matthews International probability analysis.
Poor diversification
Across the chosen horizon, Matthews International and Dow Jones show a correlation of 0.77 and fall into the Poor diversification bucket. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.
Additional Risk Indicators
Risk analysis around Matthews International Funds gains depth when secondary indicators confirm, refine, or challenge the basic volatility picture. The practical goal is to identify how much risk is being accepted and whether that risk still fits the thesis.
| Risk Adjusted Performance | 0.1655 | |||
| Market Risk Adjusted Performance | 0.2421 | |||
| Mean Deviation | 1.37 | |||
| Semi Deviation | 1.71 | |||
| Downside Deviation | 2.09 | |||
| Coefficient Of Variation | 600.08 | |||
| Standard Deviation | 1.87 |
Matthews International Suggested Diversification Pairs
A paired position built around Matthews International Funds reduces directional market exposure while expressing a relative-value view. The advantage is that adverse movement in one leg may be partly offset by the other when correlation and thesis alignment hold.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against Matthews International as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. Matthews International's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, Matthews International's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to Matthews International Funds.
More Resources for Matthews ETF Analysis
For Matthews International, market price and NAV represent two distinct lenses on the same underlying portfolio. Trading price represents the transaction level agreed by market participants.
Matthews International's NAV reflects portfolio composition, while price reflects real-time supply and demand. Matthews International's market price is the outcome of continuous interaction between buyers and sellers.