Matthews Emerging Markets Equity Fund (MEGMX) belongs to the Emerging Markets Diversified category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with MEGMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MEGMX
MEGMX charges 1.08% annually. There are 80 mutual funds in the Emerging Markets Diversified category with lower expense ratios, going as low as 0.08%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity SAI Emerging Markets Index Fund | 0.08% | — | Jan 2016 | MEGMX vs FERGX | |
| Fidelity Emerging Markets Index Fund | 0.08% | — | Sep 2011 | MEGMX vs FPADX | |
| State Street Emerging Markets Equity Index Fund | 0.17% | — | Dec 2015 | MEGMX vs SSKEX | |
| Franklin Emerging Market Core Equity (IU) Fund Adv... | 0.17% | — | Jul 2019 | MEGMX vs FCEEX | |
| UBS Emerging Markets Equity Opportunity Fund | 0.19% | — | May 2018 | MEGMX vs EMPTX |
Best Risk-Adjusted Alternatives to MEGMX
MEGMX has a PortfoliosLab risk / return rank of 79. There are 70 mutual funds in the Emerging Markets Diversified category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 97 | — | Jun 1996 | MEGMX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 96 | — | Nov 2021 | MEGMX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 95 | — | Jan 2018 | MEGMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 94 | — | Oct 2021 | MEGMX vs GMAQX | |
| LSV Emerging Markets Equity Fund | 92 | — | Jan 2019 | MEGMX vs LVAZX |
Top Performing MEGMX Alternatives (YTD)
MEGMX is at 30.81% YTD. There are 17 mutual funds in the Emerging Markets Diversified category with higher YTD returns, going as high as 128.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Delaware Emerging Markets Fund | 128.27% | — | Jun 1996 | MEGMX vs DEMIX | |
| Franklin Templeton SMACS: Series EM | 77.70% | — | Nov 2021 | MEGMX vs FQEMX | |
| Martin Currie SMA-Shares Series EM Fund | 59.82% | — | Jan 2018 | MEGMX vs LCSMX | |
| GMO Emerging Markets ex-China Fund | 45.04% | — | Oct 2021 | MEGMX vs GMAQX | |
| Invesco EQV Emerging Markets All Cap Fd | 41.81% | — | Jan 1994 | MEGMX vs GTDDX |
Lowest Volatility Alternatives to MEGMX
MEGMX has 23.40% 1-year volatility. There are 149 mutual funds in the Emerging Markets Diversified category with lower 1-year volatility, going as low as 11.19%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | 11.19% | — | Oct 2011 | MEGMX vs ESCIX | |
| Virtus KAR Emerging Markets Small-Cap Fund | 11.55% | — | Dec 2013 | MEGMX vs VIESX | |
| GQG Partners Emerging Markets Equity Fund | 11.59% | — | Dec 2016 | MEGMX vs GQGPX | |
| The Cook & Bynum Fund | 11.91% | — | Jun 2009 | MEGMX vs COBYX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | 12.07% | — | Dec 2020 | MEGMX vs BADEX |
Lowest Drawdown Alternatives to MEGMX
MEGMX has a 1-year max drawdown of -15.34%. There are 158 mutual funds in the Emerging Markets Diversified category with shallower 1-year drawdowns, going as shallow as -5.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Ashmore Emerging Markets Small Cap Equity Fund | -5.70% | — | Oct 2011 | MEGMX vs ESCIX | |
| Wasatch Emerging Markets Small Cap Fund | -7.89% | — | Sep 2007 | MEGMX vs WAEMX | |
| BlackRock Defensive Advantage Emerging Markets Fun... | -8.89% | — | Dec 2020 | MEGMX vs BADEX | |
| The Cook & Bynum Fund | -8.95% | — | Jun 2009 | MEGMX vs COBYX | |
| GQG Partners Emerging Markets Equity Fund | -9.12% | — | Dec 2016 | MEGMX vs GQGPX |
Other Mutual Funds from Matthews
The 8 most viewed Matthews mutual funds shown here include MINDX, MSMLX, MCHFX and span 4 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Matthews India Fund | Asia Pacific Equities | 2 | -8.72% | — | Oct 2005 | MEGMX vs MINDX | |
| Matthews Emerging Markets Small Companies Fund | Emerging Markets Diversified | 38 | 23.76% | — | Sep 2008 | MEGMX vs MSMLX | |
| Matthews China Fund | China Equities | 15 | 1.10% | — | Feb 1998 | MEGMX vs MCHFX | |
| Matthews Asia Innovators Fund | Asia Pacific Equities | 95 | 61.66% | — | Dec 1999 | MEGMX vs MATFX | |
| Matthews China Small Companies Fund | China Equities | 94 | 49.56% | — | May 2011 | MEGMX vs MCSMX | |
| Matthews Pacific Tiger Fund | Asia Pacific Equities | 85 | 31.18% | — | Sep 1994 | MEGMX vs MAPTX | |
| Matthews Japan Fund | Japan Equities | 35 | 16.38% | — | Dec 1998 | MEGMX vs MJFOX | |
| Matthews Asia ESG Fund | Asia Pacific Equities | 87 | 45.63% | — | Apr 2015 | MEGMX vs MASGX |
Often Compared With MEGMX
Investors most often compare MEGMX with SPY, ASIA, BEMIX. These 14 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare MEGMX with Any Fund or Stock
Compare MEGMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MEGMX with funds that move differently
Matthews Emerging Markets Equity Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MEGMX.
Explore MEGMX Diversifiers