GGM vs MCH

Comparison between GGM MACRO ALIGNMENT ETF (GGM, ETF) and MATTHEWS CHINA ACTIVE ETF (MCH, ETF).

GGM vs MCH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GGM(ETF)	MCH(ETF)
Net Assets	$23M	$23M
Expense Ratio	0.94%	0.79%
Max Drawdown	52.83%	41.50%
Sharpe Ratio	1.09	0.41
5Y Beta	0.64	0.69
5Y Dividends CAGR	-18.00%	N/A

Net Assets

GGM

$23M

Winner

MCH

$23M

Expense Ratio

GGM

0.94%

Winner

MCH

0.79%

Max Drawdown

GGM

52.83%

Winner

MCH

41.50%

Sharpe Ratio

Winner

GGM

1.09

MCH

0.41

5Y Beta

Winner

GGM

0.64

MCH

0.69

5Y Dividends CAGR

GGM

-18.00%

MCH

N/A

GGM vs MCH - Holdings Comparison

GGM and MCH have 0 common holdings. Overlap is 0.00%

GGM's top 25 holdings weight is 99.34%. MCH's top 25 holdings weight is 66.48%.

Rank	GGM	MCH
#1	STATE STREET®FINSELSECTSPDR®ETF (XLF) - 20.46%	n/a (n/a) - 8.84%
#2	STATE STREET SPDR PORT S&P 500 GR ETF (SPYG) - 20.05%	TENCENT HOLDINGS LTD (n/a) - 8.76%
#3	STATE STREET SPDR PORT S&P 500 VAL ETF (SPYV) - 19.89%	n/a (n/a) - 4.14%
#4	STATE STREET REAL ESTATE SEL SECTSPDRETF (XLRE) - 19.53%	CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 4.11%
#5	STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI) - 19.41%	n/a (n/a) - 3.30%
#6	N/A	PDD HOLDINGS INC ADR (PDD) - 2.51%
#7	N/A	CMOC GROUP LTD CLASS H (n/a) - 2.09%
#8	N/A	n/a (n/a) - 2.05%
#9	N/A	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 2.05%
#10	N/A	CMOC GROUP LTD CLASS A (n/a) - 2.01%
#11	N/A	n/a (n/a) - 1.99%
#12	N/A	n/a (n/a) - 1.99%
#13	N/A	CHINA MERCHANTS BANK CO LTD CLASS H (n/a) - 1.98%
#14	N/A	JP MORGAN US GOVT CAPITAL 3164 (n/a) - 1.97%
#15	N/A	JD.COM INC ORDINARY SHARES CLASS A (n/a) - 1.94%
#16	N/A	NEW CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 1.89%
#17	N/A	WUXI APPTEC CO LTD CLASS A (n/a) - 1.85%
#18	N/A	CHINA MERCHANTS BANK CO LTD CLASS A (n/a) - 1.80%
#19	N/A	GALAXY ENTERTAINMENT GROUP LTD (n/a) - 1.80%
#20	N/A	n/a (n/a) - 1.79%
#21	N/A	INNOVENT BIOLOGICS INC (n/a) - 1.71%
#22	N/A	MEITUAN CLASS B (n/a) - 1.67%
#23	N/A	n/a (n/a) - 1.47%
#24	N/A	n/a (n/a) - 1.43%
#25	N/A	CHINA OILFIELD SERVICES LTD CLASS H (n/a) - 1.34%
Total Holdings	5	75

GGM vs MCH - Historical Returns

Returns include dividend reinvestment.

Period	GGM	MCH
1 month	+2.00%	-7.00%
3 months	+7.68%	-0.61%
6 months	+8.45%	-5.25%
1 year	+17.38%	+10.15%
5 years(CAGR)	+8.77%	+4.09%
10 years(CAGR)	+9.94%	N/A
Max(CAGR)	+8.46%	+4.09%

Winner

GGM

+2.00%

MCH

-7.00%

Winner

GGM

+7.68%

MCH

-0.61%

Winner

GGM

+8.45%

MCH

-5.25%

Winner

GGM

+17.38%

MCH

+10.15%

5Y(CAGR)

Winner

GGM

+8.77%

MCH

+4.09%

10Y(CAGR)

GGM

+9.94%

MCH

N/A

Max(CAGR)

Winner

GGM

+8.46%

MCH

+4.09%

GGM vs MCH - Annual Returns (2013 - 2026)

Returns include dividend reinvestment.

Year	GGM	MCH
2026	+12.23%	-4.31%
2025	+1.76%	+32.78%
2024	+3.92%	+20.50%
2023	+7.47%	-21.97%
2022	N/A	-3.12%
2021	+16.67%	N/A
2020	+12.42%	N/A
2019	+19.40%	N/A
2018	-7.01%	N/A
2017	+8.20%	N/A
2016	+28.69%	N/A
2015	-0.12%	N/A
2014	+3.83%	N/A
2013	-7.49%	N/A

GGM vs MCH Drawdown Comparison

The maximum drawdown for GGM was -40.86%, occurring on Mar 18, 2020. Recovery took 184 trading sessions.

The maximum drawdown for MCH was -40.54%, occurring on Feb 2, 2024. Recovery took 426 trading sessions.

The current GGM drawdown is -0.62%. The current MCH drawdown is -7.93%.

Rank	GGM	MCH
#1	-40.86% Feb 20, 2020 - Nov 10, 2020	-40.54% Jan 26, 2023 - Oct 7, 2024
#2	-22.86% Sep 12, 2018 - Apr 30, 2019	-30.56% Oct 7, 2024 - Sep 11, 2025
#3	-19.79% Jun 11, 2015 - Jun 9, 2016	-29.21% Jul 19, 2022 - Dec 9, 2022
#4	-19.68% Dec 3, 2024 - Feb 26, 2026	-15.05% Jan 12, 2026 - Mar 30, 2026
#5	-13.80% Sep 19, 2014 - Jun 11, 2015	-9.18% Dec 9, 2022 - Jan 4, 2023
#6	-11.89% Jul 23, 2013 - Apr 10, 2014	-9.10% Oct 2, 2025 - Jan 12, 2026
#7	-11.46% Oct 4, 2016 - Jan 4, 2017	-2.97% Sep 17, 2025 - Sep 30, 2025
#8	-10.64% Jul 16, 2024 - Sep 16, 2024	-1.96% Jan 13, 2023 - Jan 20, 2023
#9	-9.65% Apr 20, 2021 - Jun 15, 2021	-1.30% Jul 14, 2022 - Jul 19, 2022
#10	-8.92% Sep 14, 2021 - Sep 26, 2023	-0.37% Sep 11, 2025 - Sep 16, 2025
#11	-7.54% Mar 2, 2026 - Jun 15, 2026	-0.36% Jan 10, 2023 - Jan 13, 2023
#12	-7.28% Jun 12, 2014 - Sep 5, 2014	-0.15% Jan 6, 2023 - Jan 10, 2023
#13	-6.61% Feb 22, 2018 - May 30, 2018	N/A
#14	-5.44% Oct 16, 2017 - Feb 20, 2018	N/A
#15	-5.43% Jun 10, 2016 - Jul 21, 2016	N/A

Correlation

Correlation between GGM and MCH is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.56

-101

Dividend Comparison (2013 - 2025)

GGM vs MCH dividend yield comparison.

Year	GGM	MCH
2025	1.57%	1.76%
2024	1.39%	1.31%
2023	0.50%	1.62%
2021	8.56%	0.00%
2020	11.00%	0.00%
2019	10.94%	0.00%
2018	11.82%	0.00%
2017	9.92%	0.00%
2016	9.74%	0.00%
2015	11.16%	0.00%
2014	9.59%	0.00%
2013	2.87%	0.00%