MEM vs. ADVE

Last updated Aug 2, 2026

MEM (Matthews Emerging Markets Equity Active ETF) and ADVE (Matthews Asia Dividend Active ETF) are both exchange-traded funds - MEM is a Emerging Markets Equities fund actively managed by Matthews, while ADVE is a Asia Pacific Equities fund actively managed by Matthews. Both are actively managed. Over the past year, MEM returned 36.76% vs 31.66% for ADVE. Their correlation of 0.87 means they have usually moved in the same direction. Both charge a 0.79% expense ratio.

Performance

MEM vs. ADVE - Performance Comparison

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

Returns By Period

In the year-to-date period, MEM achieves a 19.05% return, which is significantly higher than ADVE's 16.97% return.

MEM

• 1D: 0.49%
• 1M: -2.31%
• 6M: 9.52%
• YTD: 19.05%
• 1Y: 36.76%
• 3Y*: 18.39%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.59%

ADVE

• 1D: -0.99%
• 1M: 1.67%
• 6M: 9.15%
• YTD: 16.97%
• 1Y: 31.66%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 19.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADVE Matthews Asia Dividend Active ETF	$23.63K	$20.43K	$28.96K
MEM Matthews Emerging Markets Equity Active ETF	$91.77K	$110.69K	$126.59K

MEM vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MEM Matthews Emerging Markets Equity Active ETF	19.05%	28.31%	10.11%	6.60%
ADVE Matthews Asia Dividend Active ETF	16.97%	26.12%	7.02%	4.58%

Correlation

The correlation between MEM and ADVE is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Sep 22, 2023	0.87

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

MEM vs. ADVE - Sectors Allocation Comparison

Sectors	MEM	ADVE
Technology	45.6%	30.8%
Financial Services	23.8%	28.9%
Industrials	7.8%	11.5%
Basic Materials	7.7%	3.8%
Consumer Cyclical	6.8%	5.9%
Communication Services	4.3%	10.7%
Energy	2.0%	0.8%
Consumer Defensive	1.4%	2.6%
Healthcare	0.6%	1.0%
Real Estate	-	3.2%
Utilities	-	1.0%

Return for Risk

MEM vs. ADVE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MEM

MEM Risk / Return Rank: 61
MEM Sharpe Ratio Rank: 60
MEM Sortino Ratio Rank: 57
MEM Omega Ratio Rank: 60
MEM Calmar Ratio Rank: 69
MEM Martin Ratio Rank: 58

ADVE

ADVE Risk / Return Rank: 71
ADVE Sharpe Ratio Rank: 68
ADVE Sortino Ratio Rank: 67
ADVE Omega Ratio Rank: 72
ADVE Calmar Ratio Rank: 75
ADVE Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MEM vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Equity Active ETF (MEM) and Matthews Asia Dividend Active ETF (ADVE). 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.

	MEM	ADVE	Difference
Sharpe ratio: Return per unit of total volatility	1.42	1.57	-0.15
Sortino ratio: Return per unit of downside risk	1.98	2.22	-0.24
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.43	2.63	-0.20
Martin ratio: Return relative to average drawdown	6.94	8.94	-2.00

MEM vs. ADVE - Sharpe Ratio Comparison

The current MEM Sharpe Ratio is 1.42, which is comparable to the ADVE Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of MEM and ADVE, 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

MEM vs. ADVE - Drawdown Comparison

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

Drawdown Indicators

	MEM	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-19.10%	-18.41%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-14.62%	-11.73%	-2.89%
Max Drawdown (3Y) Largest decline over 3 years	-19.10%	—	—
Current Drawdown Current decline from peak	-10.05%	-4.34%	-5.71%
Average Drawdown Average peak-to-trough decline	-4.84%	-3.24%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	3.44%	+1.66%

Volatility

MEM vs. ADVE - Volatility Comparison

Matthews Emerging Markets Equity Active ETF (MEM) has a higher volatility of 8.37% compared to Matthews Asia Dividend Active ETF (ADVE) at 6.53%. This indicates that MEM's price experiences larger fluctuations and is considered to be riskier than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEM	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.37%	6.53%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	22.50%	17.43%	+5.07%
Volatility (1Y) Calculated over the trailing 1-year period	24.96%	19.66%	+5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.37%	16.51%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	16.51%	+2.86%

MEM vs. ADVE - Expense Ratio Comparison

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

Dividends

MEM vs. ADVE - Dividend Comparison

MEM's dividend yield for the trailing twelve months is around 2.99%, more than ADVE's 2.20% yield.

Position	TTM	2025	2024	2023	2022
ADVE Matthews Asia Dividend Active ETF	2.20%	2.97%	6.00%	0.37%	0.00%
MEM Matthews Emerging Markets Equity Active ETF	2.99%	3.56%	7.81%	0.01%	0.53%

Frequently Asked Questions

Can I hold both MEM and ADVE in my portfolio?

With a correlation of 0.91, MEM and ADVE 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, MEM or ADVE?

MEM has higher volatility (8.37%) compared to ADVE (6.53%). In terms of maximum drawdown, MEM dropped -19.10% vs ADVE's -18.41%.

Which ETF is better, MEM or ADVE?

On 1-year performance, MEM leads with 36.76% vs 31.66% for ADVE. Both ETFs have the same 0.79% expense ratio. On volatility, ADVE has been the lower-risk option at 6.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MEM or ADVE?

Over the 1-year period, MEM has performed better with a 36.76% return vs 31.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MEM or ADVE?

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

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

MEM has the higher dividend yield at 2.99%, compared with 2.20% for ADVE.

What is the main difference between MEM and ADVE?

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

Which has better risk-adjusted returns?

ADVE currently has the higher Sharpe Ratio (1.57 vs 1.42), 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.