Matthews Asia Innovators Active ETF (MINV) Performance
MINV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.4% since Dec 31, 2025
- 1 year
- +19.3% total return
- 3 years
- +26.7% a year
- Since first price
- +14.4% a year since 2022
MINV trailing returns vs SPY, QQQ, AGG
| Period | MINV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −12.1% | −12.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −11.3% | −11.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.3% | −5.3% | +7.8% | +8.4% | −1.5% |
| YTD | +22.4% | +22.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +19.3% | +17.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +103.5%+26.7%/yr | +97.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 13, 2022 | +77.8%+14.4%/yr | +72.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MINV vs SPY
From Jul 13, 2022: MINV grew to $17,776, SPY to $21,216.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MINV returns by calendar year
2 of 3 full years positive. Best 2025 (+30.9%), worst 2023 (−2.7%). 2026 is year to date.
MINV annual returns table
| Year | MINV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.4% | −27.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.9% | −18.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.3% | −12.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −2.7% | −23.1% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MINV largest drawdowns
Now 27.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 22, 2026 | −27.8% | Oct 22, 2026 | not yet | 4 months | 4 months so far |
| Jul 21, 2022 | −23.5% | Oct 24, 2022 | Jan 4, 2023 | 3 months | 5 months |
| Jan 26, 2023 | −23.1% | Oct 26, 2023 | Jul 9, 2024 | 9 months | 1.5 years |
| Oct 7, 2024 | −19.8% | Apr 8, 2025 | Jun 6, 2025 | 6 months | 8 months |
| Jul 12, 2024 | −12.7% | Aug 5, 2024 | Sep 24, 2024 | 24 days | 2 months |
| Jun 1, 2026 | −10.9% | Jun 5, 2026 | Jun 18, 2026 | 4 days | 17 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MINV risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +30.6% | +17.8% |
| Volatility (annualized) | 25.1% | 27.3% |
| Sharpe ratio | 1.02 | 0.57 |
| Sortino ratio | 2.03 | 1.04 |
| Best month | +27.2% | +27.2% |
| Worst month | −18.0% | −18.0% |
| Best 12 months | +99.5% | +99.5% |
| Worst 12 months | +9.2% | −13.7% |
| Positive months | 67% | 58% |
| Beta vs S&P 500 | 1.29 | — |
| Correlation with S&P 500 | 0.64 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MINV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 40 | −13.7% | +17.3% | +99.5% | 85% |
| 3-year (a year) | 16 | +9.2% | +22.2% | +36.3% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
MINV performance overview
Matthews Asia Innovators Active ETF (MINV) returned +19.3% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +14.4% a year, turning $10,000 into about $17,776. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −27.8%, from Jun 22, 2026 to Oct 22, 2026; the fund has not yet regained that high. MINV finished 2 of its 3 full calendar years with a gain; the best year was 2025 (+30.9%) and the worst 2023 (−2.7%). Volatility has been 27.3% a year.
Related: MINV chart, MINV holdings, MINV dividends. See the MINV overview for the latest quote and fund facts.
MINV performance FAQ
What is the MINV return over the past year?
MINV returned +19.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.5%.
How much would $10,000 invested in MINV be worth?
$10,000 invested in MINV at its first recorded close on July 13, 2022 would be worth about $17,776 on October 23, 2026 with distributions reinvested.
What was the worst year for MINV?
The worst calendar year was 2023, with a total return of −2.7%. The best was 2025 at +30.9%.
What is the biggest drawdown of MINV?
The largest peak-to-trough decline was −27.8% between June 22, 2026 and October 22, 2026. It has not yet recovered to that high; it is 27.3% below its peak.
How volatile is MINV?
Over the past 3 years MINV had an annualized volatility of 25.1% and a Sharpe ratio of 1.02 (excess return over 1–3 month T-bills per unit of risk).