- ISIN
- US5771257434
- Issuer
- Matthews
- Inception Date
- Jan 10, 2024
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $21M
Highlights
- Avg. Volume (1M)
- 832
- Avg. Volume Value (1M)
- $24.77K
Share Price Chart
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Performance
MEMS Performance Chart
Matthews Emerging Markets Discovery Active ETF (MEMS) is up 13.6% since the beginning of the year. MEMS is currently trading at $29 per share.
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Returns By Period
Matthews Emerging Markets Discovery Active ETF (MEMS) has returned 13.60% so far this year and 16.71% over the past 12 months.
Matthews Emerging Markets Discovery Active ETF
- 1D
- 0.31%
- 1M
- -8.27%
- 6M
- 6.87%
- YTD
- 13.60%
- 1Y
- 16.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.24%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
MEMS Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2024, MEMS's average daily return is +0.04%, while the average monthly return is +0.68%. At this rate, an investment would double in approximately 8.5 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +16.1%, while the worst month was Jul 2026 at -8.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, MEMS closed higher 53% of trading days. The best single day was Apr 8, 2026 with a return of +6.4%, while the worst single day was Apr 4, 2025 at -5.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.30% | 6.00% | -8.60% | 16.05% | 2.84% | 1.31% | -8.77% | 13.60% | |||||
| 2025 | -2.86% | 0.88% | 1.03% | 0.56% | 3.97% | 7.20% | -2.00% | 3.50% | 0.86% | 2.06% | -2.63% | -1.50% | 11.12% |
| 2024 | -0.60% | 4.01% | -3.26% | 0.77% | -0.98% | 0.95% | 0.08% | 1.64% | 3.39% | -4.55% | -2.82% | -3.66% | -5.32% |
Benchmark Metrics
Matthews Emerging Markets Discovery Active ETF has an annualized alpha of -6.97%, beta of 0.86, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since January 11, 2024.
- This ETF participated in 78.44% of S&P 500 Index downside but only 47.11% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -6.97%
- Beta
- 0.86
- R²
- 0.45
- Upside Capture
- 47.11%
- Downside Capture
- 78.44%
Expense Ratio
MEMS has an expense ratio of 0.89%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MEMS ranks 32 for risk / return — above 32% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Matthews Emerging Markets Discovery Active ETF (MEMS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MEMS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.25 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 2.00 | -0.79 |
| Martin ratioReturn relative to average drawdown | 3.42 | 8.49 | -5.07 |
Dividends
Dividend History
Matthews Emerging Markets Discovery Active ETF provided a 2.47% dividend yield over the last twelve months, with an annual payout of $0.72 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.72 | $0.72 | $0.34 |
Dividend yield | 2.47% | 2.81% | 1.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews Emerging Markets Discovery Active ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 2024 | $0.34 | $0.34 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Matthews Emerging Markets Discovery Active ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Matthews Emerging Markets Discovery Active ETF was 22.24%, occurring on Apr 8, 2025. Recovery took 104 trading sessions.
The current Matthews Emerging Markets Discovery Active ETF drawdown is 10.85%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-22.24%Apr 2025 | 6mo 2d | 5mo 3d | 11mo 5dOct 2024 - Sep 2025 | 2025 selloff2025 |
-13.29%Jul 2026 | 1mo 13d | — | 1mo 17dJun 2026 - now | — |
-13.05%Mar 2026 | 1mo 2d | 16d | 1mo 18dFeb 2026 - Apr 2026 | — |
-10.19%Aug 2024 | 5mo 4d | 1mo 22d | 6mo 26dMar 2024 - Sep 2024 | — |
-8.46%Dec 2025 | 3mo | 1mo 10d | 4mo 10dSep 2025 - Jan 2026 | — |
Drawdown Indicators
| MEMS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.24% | -56.78% | +34.54% |
Max Drawdown (1Y)Largest decline over 1 year | -13.29% | -9.10% | -4.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -10.85% | -1.58% | -9.27% |
Average DrawdownAverage peak-to-trough decline | -5.23% | -10.70% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.14% | +2.57% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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