MCHS vs TMNL
Comparison between MATTHEWS CHINA DISCOVERY ACTIVE ETF (MCHS, ETF) and T. ROWE PRICE LONG MUNICIPAL INCOME ETF (TMNL, ETF).
MCHS vs TMNL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MCHS
$23M
Winner
TMNL
$23M
Expense Ratio
MCHS
0.89%
Winner
TMNL
0.26%
Max Drawdown
MCHS
27.68%
Winner
TMNL
3.18%
Sharpe Ratio
Winner
MCHS
1.94
TMNL
0.27
5Y Beta
MCHS
0.77
Winner
TMNL
0.13
MCHS vs TMNL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MCHS
+4.97%
TMNL
+1.61%
3M
Winner
MCHS
+25.22%
TMNL
+1.39%
6M
Winner
MCHS
+46.27%
TMNL
+2.99%
1Y
MCHS
+68.29%
TMNL
N/A
Max(CAGR)
Winner
MCHS
+34.23%
TMNL
+5.15%
MCHS vs TMNL - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | MCHS | TMNL |
|---|---|---|
| 2026 | +42.55% | +2.46% |
| 2025 | +32.80% | +0.34% |
| 2024 | +6.62% | N/A |
MCHS vs TMNL Drawdown Comparison
The maximum drawdown for MCHS was -23.69%, occurring on Apr 8, 2025. Recovery took 196 trading sessions.
The maximum drawdown for TMNL was -2.94%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The current MCHS drawdown is -1.96%.
| Rank | MCHS | TMNL |
|---|---|---|
| #1 | -23.69% Oct 7, 2024 - Jul 22, 2025 | -2.94% Feb 26, 2026 - Jun 1, 2026 |
| #2 | -18.87% May 17, 2024 - Sep 30, 2024 | -0.56% Nov 26, 2025 - Jan 5, 2026 |
| #3 | -12.15% Mar 2, 2026 - Apr 17, 2026 | -0.54% Jan 14, 2026 - Jan 30, 2026 |
| #4 | -11.65% Jan 12, 2024 - Feb 27, 2024 | -0.44% Jun 4, 2026 - Jun 10, 2026 |
| #5 | -10.19% Oct 2, 2025 - Jan 7, 2026 | -0.25% Jan 9, 2026 - Jan 14, 2026 |
| #6 | -8.58% May 13, 2026 - Jun 10, 2026 | -0.22% Feb 10, 2026 - Feb 12, 2026 |
| #7 | -5.39% Mar 12, 2024 - Apr 29, 2024 | -0.20% Jun 2, 2026 - Jun 4, 2026 |
| #8 | -5.03% Aug 26, 2025 - Sep 11, 2025 | -0.16% Jan 7, 2026 - Jan 9, 2026 |
| #9 | -3.20% Feb 3, 2026 - Feb 9, 2026 | -0.15% Feb 5, 2026 - Feb 9, 2026 |
| #10 | -3.09% Oct 2, 2024 - Oct 4, 2024 | -0.08% Feb 2, 2026 - Feb 5, 2026 |
| #11 | -2.79% Jul 29, 2025 - Aug 11, 2025 | -0.08% Feb 24, 2026 - Feb 26, 2026 |
| #12 | -2.45% Apr 22, 2026 - Apr 30, 2026 | -0.05% Nov 20, 2025 - Nov 24, 2025 |
| #13 | -2.42% May 6, 2024 - May 9, 2024 | -0.03% Feb 17, 2026 - Feb 19, 2026 |
| #14 | -2.37% Jan 28, 2026 - Feb 3, 2026 | -0.01% Feb 19, 2026 - Feb 24, 2026 |
| #15 | -1.91% Mar 1, 2024 - Mar 11, 2024 | N/A |
Correlation
Correlation between MCHS and TMNL is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2024 - 2026)
MCHS vs TMNL dividend yield comparison.
| Year | MCHS | TMNL |
|---|---|---|
| 2026 | 0.00% | 1.73% |
| 2025 | 3.56% | 0.39% |
| 2024 | 5.48% | 0.00% |
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