- ISIN
- US5771257921
- Issuer
- Matthews
- Inception Date
- Jan 10, 2023
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Diversified
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $50M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MEMX Performance Chart
Matthews Emerging Markets Ex China Active ETF (MEMX) is up 34.4% since the beginning of the year. MEMX is currently trading at $50 per share.
Loading charts...
Returns By Period
Matthews Emerging Markets Ex China Active ETF (MEMX) has returned 34.37% so far this year and 72.52% over the past 12 months.
Matthews Emerging Markets Ex China Active ETF
- 1D
- 0.27%
- 1M
- 11.98%
- YTD
- 34.37%
- 6M
- 44.33%
- 1Y
- 72.52%
- 3Y*
- 27.36%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
MEMX Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2023, MEMX's average daily return is +0.09%, while the average monthly return is +1.92%. At this rate, an investment would double in approximately 3.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +12.6%, while the worst month was Mar 2026 at -11.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MEMX closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +6.4%, while the worst single day was Apr 4, 2025 at -4.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.31% | 9.54% | -11.05% | 12.58% | 9.09% | 2.72% | 34.37% | ||||||
| 2025 | 0.72% | -3.95% | -0.16% | 2.77% | 5.94% | 7.38% | -0.15% | 1.28% | 5.33% | 6.15% | -1.08% | 7.60% | 35.88% |
| 2024 | -2.23% | 4.53% | 2.64% | -2.46% | 2.59% | 3.93% | -0.60% | 2.10% | 0.20% | -2.32% | -1.20% | -1.45% | 5.50% |
| 2023 | 2.81% | -4.26% | 0.33% | 0.65% | 1.26% | 4.75% | 2.98% | -3.63% | -4.24% | -4.53% | 8.53% | 6.45% | 10.52% |
Benchmark Metrics
Matthews Emerging Markets Ex China Active ETF has an annualized alpha of 6.54%, beta of 0.86, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since January 12, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (96.11%) than losses (63.20%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 6.54% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.86 and R2 of 0.56, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 6.54%
- Beta
- 0.86
- R²
- 0.56
- Upside Capture
- 96.11%
- Downside Capture
- 63.20%
Expense Ratio
MEMX has an expense ratio of 0.79%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MEMX ranks 89 for risk / return — in the top 89% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Matthews Emerging Markets Ex China Active ETF (MEMX) and compare them to S&P 500 Index.
| MEMX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.39 | 2.39 | +1.00 |
Sortino ratioReturn per unit of downside risk | 4.20 | 3.25 | +0.95 |
Omega ratioGain probability vs. loss probability | 1.60 | 1.43 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 4.96 | 3.11 | +1.85 |
Martin ratioReturn relative to average drawdown | 19.76 | 14.38 | +5.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Matthews Emerging Markets Ex China Active ETF provided a 3.63% dividend yield over the last twelve months, with an annual payout of $1.83 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.83 | $1.83 | $0.29 | $0.31 |
Dividend yield | 3.63% | 4.88% | 0.99% | 1.13% |
Monthly Dividends
The table displays the monthly dividend distributions for Matthews Emerging Markets Ex China 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 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.83 | $1.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.29 |
| 2023 | $0.31 | $0.31 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Matthews Emerging Markets Ex China 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 Ex China Active ETF was 19.27%, occurring on Apr 8, 2025. Recovery took 42 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -19.27%Apr 2025 | 6mo 13d | 2mo 2d | 8mo 15dSep 2024 - Jun 2025 |
2026 correction2026 | -14.70%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 |
2023 correction2023 | -12.20%Oct 2023 | 2mo 27d | 1mo 18d | 4mo 15dAug 2023 - Dec 2023 |
2024 pullback2024 | -9.85%Aug 2024 | 21d | 1mo 20d | 2mo 11dJul 2024 - Sep 2024 |
2023 pullback2023 | -9.78%Mar 2023 | 1mo 10d | 2mo 26d | 4mo 6dFeb 2023 - Jun 2023 |
Drawdown Indicators
| MEMX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -56.78% | +37.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -9.10% | -5.60% |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | -18.90% | -0.37% |
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 | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -10.72% | +7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 1.97% | +1.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MEMX
Add Matthews Emerging Markets Ex China Active ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MEMX