ADVE vs. MEM

Last updated Jun 23, 2026

ADVE (Matthews Asia Dividend Active ETF) and MEM (Matthews Emerging Markets Equity Active ETF) are both exchange-traded funds - ADVE is a Asia Pacific Equities fund actively managed by Matthews, while MEM is a Emerging Markets Diversified fund actively managed by Matthews. Both are actively managed. Over the past year, ADVE returned 39.25% vs 56.17% for MEM. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.79% expense ratio.

Performance

ADVE vs. MEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Asia Dividend Active ETF (ADVE) and Matthews Emerging Markets Equity Active ETF (MEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADVE achieves a 20.26% return, which is significantly lower than MEM's 32.34% return.

ADVE

• 1D: -0.86%
• 1M: 2.53%
• YTD: 20.26%
• 6M: 21.20%
• 1Y: 39.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEM

• 1D: 0.66%
• 1M: 8.84%
• YTD: 32.34%
• 6M: 34.02%
• 1Y: 56.17%
• 3Y*: 24.32%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADVE vs. MEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ADVE Matthews Asia Dividend Active ETF	20.26%	26.12%	7.02%	4.58%
MEM Matthews Emerging Markets Equity Active ETF	32.34%	28.31%	10.11%	6.60%

Correlation

The correlation between ADVE and MEM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.87

The correlation between ADVE and MEM has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

Return for Risk

ADVE vs. MEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADVE

ADVE Risk / Return Rank: 70
ADVE Sharpe Ratio Rank: 69
ADVE Sortino Ratio Rank: 67
ADVE Omega Ratio Rank: 72
ADVE Calmar Ratio Rank: 69
ADVE Martin Ratio Rank: 71

MEM

MEM Risk / Return Rank: 77
MEM Sharpe Ratio Rank: 80
MEM Sortino Ratio Rank: 75
MEM Omega Ratio Rank: 79
MEM Calmar Ratio Rank: 78
MEM Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADVE vs. MEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Asia Dividend Active ETF (ADVE) and Matthews Emerging Markets Equity Active ETF (MEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

	ADVE	MEM	Difference
Sharpe ratio: Return per unit of total volatility	2.16	2.48	-0.32
Sortino ratio: Return per unit of downside risk	2.94	3.22	-0.27
Omega ratio: Gain probability vs. loss probability	1.41	1.45	-0.03
Calmar ratio: Return relative to maximum drawdown	3.36	3.86	-0.50
Martin ratio: Return relative to average drawdown	12.90	13.61	-0.70

ADVE vs. MEM - Sharpe Ratio Comparison

The current ADVE Sharpe Ratio is 2.16, which is comparable to the MEM Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of ADVE and MEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ADVE vs. MEM - Drawdown Comparison

The maximum ADVE drawdown since its inception was -18.41%, roughly equal to the maximum MEM drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for ADVE and MEM.

Drawdown Indicators

	ADVE	MEM	Difference
Max Drawdown Largest peak-to-trough decline	-18.41%	-19.10%	+0.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.73%	-14.62%	+2.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.10%	—
Current Drawdown Current decline from peak	-1.65%	0.00%	-1.65%
Average Drawdown Average peak-to-trough decline	-3.17%	-4.72%	+1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	4.14%	-1.09%

Volatility

ADVE vs. MEM - Volatility Comparison

The current volatility for Matthews Asia Dividend Active ETF (ADVE) is 8.13%, while Matthews Emerging Markets Equity Active ETF (MEM) has a volatility of 11.28%. This indicates that ADVE experiences smaller price fluctuations and is considered to be less risky than MEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADVE	MEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	11.28%	-3.15%
Volatility (6M) Calculated over the trailing 6-month period	16.06%	20.43%	-4.37%
Volatility (1Y) Calculated over the trailing 1-year period	18.29%	22.84%	-4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.14%	18.88%	-2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.14%	18.88%	-2.74%

ADVE vs. MEM - Expense Ratio Comparison

Both ADVE and MEM have an expense ratio of 0.79%.

Dividends

ADVE vs. MEM - Dividend Comparison

ADVE's dividend yield for the trailing twelve months is around 2.48%, less than MEM's 2.69% yield.

Position	TTM	2025	2024	2023	2022
ADVE Matthews Asia Dividend Active ETF	2.48%	2.97%	6.00%	0.37%	0.00%
MEM Matthews Emerging Markets Equity Active ETF	2.69%	3.56%	7.81%	0.01%	0.53%

Frequently Asked Questions

Can I hold both ADVE and MEM in my portfolio?

With a correlation of 0.91, ADVE and MEM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ADVE or MEM?

MEM has higher volatility (11.28%) compared to ADVE (8.13%). In terms of maximum drawdown, ADVE dropped -18.41% vs MEM's -19.10%.

Which ETF is better, ADVE or MEM?

On 1-year performance, MEM leads with 56.17% vs 39.25% for ADVE. Both ETFs have the same 0.79% expense ratio. On volatility, ADVE has been the lower-risk option at 8.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADVE or MEM?

Over the 1-year period, MEM has performed better with a 56.17% return vs 39.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADVE or MEM?

ADVE and MEM have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, ADVE or MEM?

MEM has the higher dividend yield at 2.69%, compared with 2.48% for ADVE.

What is the main difference between ADVE and MEM?

ADVE is categorized as Asia Pacific Equities, while MEM is Emerging Markets Diversified.

Which has better risk-adjusted returns?

MEM currently has the higher Sharpe Ratio (2.48 vs 2.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.