FNDE vs. MEM
FNDE (Schwab Fundamental Emerging Markets Equity ETF) and MEM (Matthews Emerging Markets Equity Active ETF) are both exchange-traded funds - FNDE is a Emerging Markets Equities fund tracking the RAFI Fundamental High Liquidity Emerging Markets Index (Net), while MEM is a Emerging Markets Diversified fund actively managed by Matthews. FNDE is passively managed, while MEM is actively managed. Over the past 3 years, FNDE returned 19.89%/yr vs 21.88%/yr for MEM. Their correlation of 0.89 suggests significant overlap in exposure. FNDE charges 0.39%/yr vs 0.79%/yr for MEM.
Performance
FNDE vs. MEM - Performance Comparison
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Returns By Period
In the year-to-date period, FNDE achieves a 11.56% return, which is significantly lower than MEM's 24.68% return.
FNDE
- 1D
- -2.50%
- 1M
- -0.84%
- YTD
- 11.56%
- 6M
- 11.69%
- 1Y
- 29.54%
- 3Y*
- 19.89%
- 5Y*
- 9.15%
- 10Y*
- 11.02%
MEM
- 1D
- -5.79%
- 1M
- 2.54%
- YTD
- 24.68%
- 6M
- 25.39%
- 1Y
- 46.10%
- 3Y*
- 21.88%
- 5Y*
- —
- 10Y*
- —
FNDE vs. MEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Equity ETF | 11.56% | 29.46% | 12.10% | 14.99% | 4.06% |
MEM Matthews Emerging Markets Equity Active ETF | 24.68% | 28.31% | 10.11% | 6.92% | 7.13% |
Correlation
The correlation between FNDE and MEM is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.89 |
The correlation between FNDE and MEM has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
FNDE vs. MEM — Risk / Return Rank
FNDE
MEM
FNDE vs. MEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab Fundamental Emerging Markets Equity ETF (FNDE) 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.
| FNDE | MEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.36 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 3.17 | -0.27 |
| Martin ratioReturn relative to average drawdown | 10.42 | 11.12 | -0.71 |
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Drawdowns
FNDE vs. MEM - Drawdown Comparison
The maximum FNDE drawdown since its inception was -43.55%, which is greater than MEM's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for FNDE and MEM.
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Drawdown Indicators
| FNDE | MEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.55% | -19.10% | -24.45% |
Max Drawdown (1Y)Largest decline over 1 year | -10.23% | -14.62% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -19.10% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | — | — |
Current DrawdownCurrent decline from peak | -5.01% | -5.79% | +0.78% |
Average DrawdownAverage peak-to-trough decline | -11.67% | -4.73% | -6.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 4.16% | -1.32% |
Volatility
FNDE vs. MEM - Volatility Comparison
The current volatility for Schwab Fundamental Emerging Markets Equity ETF (FNDE) is 6.66%, while Matthews Emerging Markets Equity Active ETF (MEM) has a volatility of 12.91%. This indicates that FNDE 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.
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Volatility by Period
| FNDE | MEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.66% | 12.91% | -6.25% |
Volatility (6M)Calculated over the trailing 6-month period | 13.44% | 21.33% | -7.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.83% | 23.57% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.07% | 19.10% | -2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 19.10% | +0.10% |
FNDE vs. MEM - Expense Ratio Comparison
FNDE has a 0.39% expense ratio, which is lower than MEM's 0.79% expense ratio.
Dividends
FNDE vs. MEM - Dividend Comparison
FNDE's dividend yield for the trailing twelve months is around 3.75%, more than MEM's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNDE Schwab Fundamental Emerging Markets Equity ETF | 3.75% | 4.19% | 4.82% | 4.74% | 5.59% | 4.32% | 2.50% | 3.47% | 2.98% | 2.05% | 1.65% | 2.02% |
MEM Matthews Emerging Markets Equity Active ETF | 2.86% | 3.56% | 7.81% | 0.01% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FNDE and MEM have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEM has higher volatility (12.91%) compared to FNDE (6.66%). In terms of maximum drawdown, FNDE dropped -43.55% vs MEM's -19.10%.
On 3-year performance, MEM leads with 21.88% vs 19.89% for FNDE. On fees, FNDE is cheaper at 0.39% per year. On volatility, FNDE has been the lower-risk option at 6.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MEM has performed better with a 21.88% return vs 19.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDE is cheaper with a 0.39% expense ratio, compared with 0.79% for MEM.
FNDE has the higher dividend yield at 3.75%, compared with 2.86% for MEM.
FNDE is categorized as Emerging Markets Equities, while MEM is Emerging Markets Diversified. They also come from different issuers: Charles Schwab and Matthews. Their fees differ too: 0.39% for FNDE and 0.79% for MEM.
MEM currently has the higher Sharpe Ratio (1.97 vs 1.88), 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.
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