MEM vs. EDIV
MEM (Matthews Emerging Markets Equity Active ETF) and EDIV (SPDR S&P Emerging Markets Dividend ETF) are both exchange-traded funds - MEM is a Emerging Markets Diversified fund actively managed by Matthews, while EDIV is a Emerging Markets Equities fund tracking the S&P Emerging Markets Dividend Opportunities Index. MEM is actively managed, while EDIV is passively managed. Over the past 3 years, MEM returned 21.88%/yr vs 17.91%/yr for EDIV. A 0.72 correlation means they provide meaningful diversification when combined. MEM charges 0.79%/yr vs 0.49%/yr for EDIV.
Performance
MEM vs. EDIV - Performance Comparison
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Returns By Period
In the year-to-date period, MEM achieves a 24.68% return, which is significantly higher than EDIV's 5.93% return.
MEM
- 1D
- -5.79%
- 1M
- 2.54%
- YTD
- 24.68%
- 6M
- 25.39%
- 1Y
- 46.10%
- 3Y*
- 21.88%
- 5Y*
- —
- 10Y*
- —
EDIV
- 1D
- -1.48%
- 1M
- 0.10%
- YTD
- 5.93%
- 6M
- 5.72%
- 1Y
- 14.10%
- 3Y*
- 17.91%
- 5Y*
- 10.98%
- 10Y*
- 9.21%
MEM vs. EDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MEM Matthews Emerging Markets Equity Active ETF | 24.68% | 28.31% | 10.11% | 6.92% | 7.13% |
EDIV SPDR S&P Emerging Markets Dividend ETF | 5.93% | 16.45% | 12.75% | 41.91% | -2.44% |
Correlation
The correlation between MEM and EDIV is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 14, 2022 | 0.72 |
The correlation between MEM and EDIV has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
MEM vs. EDIV — Risk / Return Rank
MEM
EDIV
MEM vs. EDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Equity Active ETF (MEM) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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 | EDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.21 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 1.37 | +1.80 |
| Martin ratioReturn relative to average drawdown | 11.12 | 4.08 | +7.04 |
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Drawdowns
MEM vs. EDIV - Drawdown Comparison
The maximum MEM drawdown since its inception was -19.10%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for MEM and EDIV.
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Drawdown Indicators
| MEM | EDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.10% | -53.36% | +34.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -10.36% | -4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | -13.84% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.76% | — |
Current DrawdownCurrent decline from peak | -5.79% | -4.51% | -1.28% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -19.31% | +14.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.16% | 3.46% | +0.70% |
Volatility
MEM vs. EDIV - Volatility Comparison
Matthews Emerging Markets Equity Active ETF (MEM) has a higher volatility of 12.91% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 4.81%. This indicates that MEM's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEM | EDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.91% | 4.81% | +8.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.33% | 10.71% | +10.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.57% | 12.67% | +10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 13.91% | +5.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.10% | 17.38% | +1.72% |
MEM vs. EDIV - Expense Ratio Comparison
MEM has a 0.79% expense ratio, which is higher than EDIV's 0.49% expense ratio.
Dividends
MEM vs. EDIV - Dividend Comparison
MEM's dividend yield for the trailing twelve months is around 2.86%, less than EDIV's 4.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDIV SPDR S&P Emerging Markets Dividend ETF | 4.28% | 4.69% | 3.94% | 4.26% | 4.94% | 3.84% | 3.52% | 3.83% | 3.41% | 2.99% | 4.94% | 5.33% |
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
MEM and EDIV have a correlation of 0.76, 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 EDIV (4.81%). In terms of maximum drawdown, MEM dropped -19.10% vs EDIV's -53.36%.
On 3-year performance, MEM leads with 21.88% vs 17.91% for EDIV. On fees, EDIV is cheaper at 0.49% per year. On volatility, EDIV has been the lower-risk option at 4.81%. 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 17.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDIV is cheaper with a 0.49% expense ratio, compared with 0.79% for MEM.
EDIV has the higher dividend yield at 4.28%, compared with 2.86% for MEM.
MEM is categorized as Emerging Markets Diversified, while EDIV is Emerging Markets Equities. They also come from different issuers: Matthews and State Street. Their fees differ too: 0.79% for MEM and 0.49% for EDIV.
MEM currently has the higher Sharpe Ratio (1.97 vs 1.12), 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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