MEM vs. ADVE

Last updated Jun 23, 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 Diversified 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 56.17% vs 39.25% for ADVE. Their correlation of 0.87 suggests significant overlap in exposure. 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 32.34% return, which is significantly higher than ADVE's 20.26% return.

MEM

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

ADVE

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

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

MEM vs. ADVE - Yearly Performance Comparison

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

Correlation

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

Return for Risk

MEM vs. ADVE — Risk / Return Rank

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

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

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

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.

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

MEM vs. ADVE - Sharpe Ratio Comparison

The current MEM Sharpe Ratio is 2.48, which is comparable to the ADVE Sharpe Ratio of 2.16. 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	0.00%	-1.65%	+1.65%
Average Drawdown Average peak-to-trough decline	-4.72%	-3.17%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	3.05%	+1.09%

Volatility

MEM vs. ADVE - Volatility Comparison

Matthews Emerging Markets Equity Active ETF (MEM) has a higher volatility of 11.28% compared to Matthews Asia Dividend Active ETF (ADVE) at 8.13%. 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	11.28%	8.13%	+3.15%
Volatility (6M) Calculated over the trailing 6-month period	20.43%	16.06%	+4.37%
Volatility (1Y) Calculated over the trailing 1-year period	22.84%	18.29%	+4.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.88%	16.14%	+2.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.88%	16.14%	+2.74%

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 2.69%, more than ADVE's 2.48% 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 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 (11.28%) compared to ADVE (8.13%). 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 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, MEM or ADVE?

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, 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 2.69%, compared with 2.48% for ADVE.

What is the main difference between MEM and ADVE?

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

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.