Matthews International Funds (MKOR) Performance
MKOR total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +54.4% since Dec 31, 2025
- 1 year
- +65.9% total return
- 3 years
- +35.9% a year
- Since first price
- +26.7% a year since 2023
MKOR trailing returns vs SPY, QQQ, AGG
| Period | MKOR total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −16.0% | −16.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −9.6% | −9.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.5% | −0.5% | +7.8% | +8.4% | −1.5% |
| YTD | +54.4% | +54.4% | +12.3% | +15.1% | −1.0% |
| 1 year | +65.9% | +61.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +151.1%+35.9%/yr | +132.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 17, 2023 | +116.7%+26.7%/yr | +100.6% | — | — | — |
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: MKOR vs SPY
From Jul 17, 2023: MKOR grew to $21,671, SPY to $17,541.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MKOR returns by calendar year
1 of 2 full years positive. Best 2025 (+70.3%), worst 2024 (−15.8%). 2026 is year to date.
MKOR annual returns table
| Year | MKOR | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +54.4% | −29.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +70.3% | −14.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −15.8% | −18.5% | +24.9% | +25.6% | +1.3% |
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.
MKOR largest drawdowns
Now 25.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 18, 2026 | −29.4% | Jul 29, 2026 | not yet | 41 days | 4 months so far |
| Jul 12, 2024 | −22.1% | Apr 8, 2025 | Jun 5, 2025 | 9 months | 11 months |
| Feb 27, 2026 | −20.6% | Mar 30, 2026 | Apr 17, 2026 | 31 days | 49 days |
| Jul 28, 2023 | −16.6% | Oct 27, 2023 | Mar 12, 2024 | 3 months | 7 months |
| Jun 1, 2026 | −14.3% | Jun 5, 2026 | Jun 15, 2026 | 4 days | 14 days |
| Nov 3, 2025 | −10.4% | Nov 20, 2025 | Dec 29, 2025 | 17 days | 56 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MKOR risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +42.2% | +34.6% |
| Volatility (annualized) | 36.8% | 36.5% |
| Sharpe ratio | 1.02 | 0.87 |
| Sortino ratio | 2.13 | 1.77 |
| Best month | +30.7% | +30.7% |
| Worst month | −19.3% | −19.3% |
| Best 12 months | +187.1% | +187.1% |
| Worst 12 months | −15.8% | −15.8% |
| Positive months | 53% | 50% |
| Beta vs S&P 500 | 1.64 | — |
| Correlation with S&P 500 | 0.55 | — |
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.
MKOR rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 28 | −15.8% | +18.5% | +187.1% | 75% |
| 3-year (a year) | 4 | +29.8% | +38.3% | +42.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
MKOR performance overview
Matthews International Funds (MKOR) returned +65.9% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +26.7% a year, turning $10,000 into about $21,671. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −29.4%, from Jun 18, 2026 to Jul 29, 2026; the fund has not yet regained that high. Volatility has been 36.5% a year.
Related: MKOR chart, MKOR holdings, MKOR dividends. See the MKOR overview for the latest quote and fund facts.
MKOR performance FAQ
What is the MKOR return over the past year?
MKOR returned +65.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 61.4%.
How much would $10,000 invested in MKOR be worth?
$10,000 invested in MKOR at its first recorded close on July 17, 2023 would be worth about $21,671 on October 23, 2026 with distributions reinvested.
What was the worst year for MKOR?
The worst calendar year was 2024, with a total return of −15.8%. The best was 2025 at +70.3%.
What is the biggest drawdown of MKOR?
The largest peak-to-trough decline was −29.4% between June 18, 2026 and July 29, 2026. It has not yet recovered to that high; it is 25.1% below its peak.
How volatile is MKOR?
Over the past 3 years MKOR had an annualized volatility of 36.8% and a Sharpe ratio of 1.02 (excess return over 1–3 month T-bills per unit of risk).