Matthews International Funds Matthews China Innovators Active ETF(MCHS · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

MCHS $39.99 —
Snapshot
$39.99
After hours $39.99 +0.00%
52-Week Range
$31.36 – $53.25
YTD
+20.21%
IV Rank (30D)
81.66
Straddle Price
$2.42
P/C Vol Ratio
2.00
Info

Matthews International Funds Matthews China Innovators Active ETF (MCHS) ETF

Exchange
XNAS
Inception
2024-01-10
Has Options
Yes
ETF Profile
holdings as of 2026-12-31
Holdings
53
AUM
$2.8M
Provider
Nport
Inception
2024-01-10
Exchange
XNAS
Data As Of
2026-12-31
Expense Ratio
—
Dividend Yield
2.89%
Distribution
Annual
Recent distributions
Ex-Date Pay Date Amount Type
2025-12-17 2025-12-22 $1.1571 CD
2024-12-18 2024-12-23 $1.4055 CD
Asset Allocation
Top Holdings
top 50 of 53 holdings
Symbol Name Weight % Asset Class Country
— JP MORGAN US GOVT CAPITAL 6.87% Short-term investment US
— Wasion Holdings Ltd 5.83% Equity (common) KY
ATAT ATOUR LIFESTYLE HOLDINGS LTD 4.88% Equity (common) KY
— Acter Tech Integration Group Co Ltd. 4.51% Equity (common) CN
— TIME INTERCONNECT TECHNOLOGY LTD 3.77% Equity (common) KY
— SUNRESIN NEW MATERIALS CO LTD 3.56% Equity (common) CN
— MINTH GROUP LTD 3.52% Equity (common) KY
— LANDMARK OPTOELECTRONICS CORP 3.49% Equity (common) TW
— JIANGSU BOQIAN NEW MATERIALS STOCK CO LTD 2.88% Equity (common) CN
— Yantai Jereh Oilfield Services Group Co Ltd. 2.88% Equity (common) CN
ACMR Acm Research Inc 2.73% Equity (common) US
— SITC INTERNATIONAL HOLDINGS COMPANY LTD 2.46% Equity (common) KY
— Wuxi NCE Power Co Ltd 2.30% Equity (common) CN
— Castech Inc 2.06% Equity (common) CN
— KINGBOARD LAMINATES HOLDINGS LTD 1.99% Equity (common) KY
— HONGFA TECHNOLOGY CO LTD 1.97% Equity (common) CN
— ENN Natural Gas Co., Ltd. 1.96% Equity (common) CN
— KAORI HEAT TREATMENT CO LTD 1.87% Equity (common) TW
— HONGFA TECHNOLOGY CO LTD 1.87% Equity (common) CN
— XIAMEN FARATRONIC CO LTD 1.79% Equity (common) CN
— ALL RING TECH CO LTD 1.78% Equity (common) TW
— SHENZHEN MEGMEET ELECTRICAL CO LTD 1.74% Equity (common) CN
— DUALITY BIOTHERAPEUTICS INC 1.73% Equity (common) KY
— ZHEJIANG SHUANGHUAN DRIVELINE CO LTD 1.49% Equity (common) CN
— HUTCHMED (CHINA) LTD 1.48% Equity (common) KY
— ASMPT LTD 1.48% Equity (common) KY
— DPC DASH LTD 1.42% Equity (common) VG
— JIANGSU LEADMICRO NANO TECHNOLOGY CO LTD 1.36% Equity (common) CN
— XD INC 1.26% Equity (common) KY
KC KINGSOFT CLOUD HOLDINGS LTD 1.21% Equity (common) KY
— Fit Hon Teng Ltd 1.20% Equity (common) KY
— CHINA YUCHAI INTERNATIONAL LTD 1.19% Equity (common) BM
— Sinopec Engineering (Group) Co Ltd. 1.18% Equity (common) CN
— NEWAY VALVE (SUZHOU) CO LTD 1.16% Equity (common) CN
— CHINA OVERSEAS PROPERTY HOLDINGS LTD 1.16% Equity (common) KY
— XJ Electric Co Ltd. 1.14% Equity (common) CN
— CHINA EVERBRIGHT ENVIRONMENT GROUP LTD 1.09% Equity (common) HK
— Shanghai Conant Optical Co Ltd 1.07% Equity (common) CN
— Mmg Ltd 1.07% Equity (common) HK
— KINSUS INTERCONNECT TECHNOLOGY CORP 1.04% Equity (common) TW
— BEIJING HUAFENG TEST & CONTROL TECHNOLOGY CO LTD 1.02% Equity (common) CN
— Montage Technology Co Ltd 0.97% Equity (common) CN
— GREENTOWN CHINA HOLDINGS LTD 0.95% Equity (common) KY
— MINIMAX GROUP INC 0.92% Equity (common) KY
— Sany Heavy Equipment International Holdings Co Ltd 0.90% Equity (common) KY
— BROWAVE CORP 0.86% Equity (common) TW
— SUNEVISION HOLDINGS LTD 0.80% Equity (common) KY
— WIN Semiconductors Corp. 0.77% Equity (common) TW
— GIANT BIOGENE HOLDING CO LTD 0.74% Equity (common) KY
— Yuexiu Property Co Ltd 0.71% Equity (common) HK
Geographic Breakdown
Non-Equity Breakdown
Matthews China Discovery Active ETF · NPORT-P period 2026-12-31 (filed 2026-05-21)
Net assets: $3M · 53 total positions · equity 93.04% · non-equity 6.87%
Non-equity holdings — 1 positions, 6.87% of NAV
Category Weight Value Positions
Short-term investment 6.87% $194186 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +3.33% 3
Feb +10.57% 3
Mar -3.75% 3
Apr +7.03% 3
May +3.18% 3
Jun +4.93% 3
Jul -7.50% 3
Aug +1.52% 3
Sep +2.78% 3
Oct -6.73% 2
Nov -3.12% 2
Dec -3.22% 2
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $40.43
SMA 50: $41.25
SMA 200: $40.55
Current: $39.99
EMA 12: $40.35
EMA 26: $40.83
MACD: -0.4828 | Signal: 0.0830
BEARISH
ADX (14): 18.65
RANGE
+DI: 35.35
−DI: 53.13

Momentum Oscillators

RSI (14): 40.06
NEUTRAL
Stoch %K: 43.73
Stoch %D: 63.89
Williams %R: -65.47

Volume & Volatility

BB Upper: $41.63
BB Lower: $39.23
NEUTRAL
OBV: 182,533
Vol SMA 20: 1,553
Vol ROC: -75.52%
ATR: $0.40
True Range: $0.07
HV 20: 13.6%
HV 30: 16.8%
HV 60: 36.2%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-27T00:00:00 – 2026-09-25T00:00:00
AI Analysis

LLM Stock Analysis Report: MCHS

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers:

  • Technical indicators suggest a range-bound market with no clear trend direction
  • Recent news sentiment is neutral, lacking any significant catalysts
  • Volatility metrics indicate above-average volatility, which may amplify price movements

Primary Risks:

  • Technical breakdown below $39.42 (lower Bollinger Band) could trigger a deeper correction
  • Bullish momentum signals are absent, increasing the risk of a potential bearish move
  • High implied volatility (IV) may indicate a high likelihood of price swings

Recent News Sentiment Impact: NEUTRAL

Technical Analysis

Trend Direction: Range-bound (no clear trend direction)

Support/Resistance Levels: $39.42 (lower Bollinger Band), $41.79 (SMA 20), $44.15 (upper Bollinger Band)

Momentum Signals:

  • RSI: Neutral (46.80)
  • MACD: Bearish (histogram -0.62)
  • Bollinger Bands: Squeeze

Volume Analysis: Volume SMA 20: 7525.33, On-Balance Volume (OBV): 233083.40, Volume Rate of Change: 580.97%

News & Sentiment Analysis

Recent Headlines Summary: Neutral news sentiment from the last 10 articles

Sentiment Assessment: Neutral

Catalyst Identification: None significant

Market Narrative: No recent news or events have had a notable impact on the stock price

Risk & Volatility Assessment

Beta Interpretation: Above average risk relative to market (beta: 1.10)

Volatility Regime: Current vs historical volatility levels: above average

Options Market Signals:

  • IV Rank: Medium (35.2%)
  • Put/Call Volume Ratio: Neutral (0.00)
  • Unusual activity: None significant

Downside Protection: Support levels at $39.42 and $41.79; risk management considerations for positions below these levels

Market Context & Positioning

Sector Performance: Relative strength within the sector

Institutional Activity: Volume patterns suggesting institutional interest

Correlation Analysis: Stock moves in line with market (R-squared: 0.47)

Relative Valuation: Within a trading range, with no clear value or growth implications

Key Levels & Action Items

Critical Price Levels: $39.42 (lower Bollinger Band), $41.79 (SMA 20), $44.15 (upper Bollinger Band)

Breakout/Breakdown Levels: None significant

Time-Sensitive Catalysts: Earnings date not available; no other near-term catalysts identified

Risk Management: Stop-loss levels and position sizing considerations below $41.79 and above $44.15

Generated
News
Options Activity
IV Rank (30D)
81.66
IV Rank (7D)
81.66
Avg IV
82.7%
Straddle (30D)
$2.42
Straddle (7D)
$2.42
P/C Volume
2.00
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
1.11
Correlation (SPY)
47.7%
R²
0.23
Ann. Volatility
30.2%
SPY Volatility
13.0%

Above average volatility - stock moves with market amplification

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month