MEM vs. EVLU
MEM (Matthews Emerging Markets Equity Active ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds. MEM is actively managed, while EVLU is passively managed. Over the past year, MEM returned 37.66% vs 54.31% for EVLU. Their correlation of 0.90 means they have usually moved in the same direction. MEM charges 0.79%/yr vs 0.35%/yr for EVLU.
Performance
MEM vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, MEM achieves a 19.84% return, which is significantly lower than EVLU's 27.72% return.
MEM
- 1D
- 0.66%
- 1M
- -1.66%
- 6M
- 9.62%
- YTD
- 19.84%
- 1Y
- 37.66%
- 3Y*
- 19.44%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.74%
EVLU
- 1D
- 1.05%
- 1M
- 1.55%
- 6M
- 17.67%
- YTD
- 27.72%
- 1Y
- 54.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $177.11K | $141.92K | $126.02K | |
| $115.09K | $118.00K | $130.93K |
MEM vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MEM Matthews Emerging Markets Equity Active ETF | 19.84% | 28.31% | 3.26% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 27.72% | 38.54% | 1.21% |
Correlation
The correlation between MEM and EVLU is 0.90, 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. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.90 |
The correlation between MEM and EVLU has been stable across timeframes, ranging from 0.90 to 0.90 - a consistent structural relationship.
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Return for Risk
MEM vs. EVLU — Risk / Return Rank
MEM
EVLU
MEM vs. EVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Equity Active ETF (MEM) and iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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 | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.45 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 4.23 | -1.64 |
| Martin ratioReturn relative to average drawdown | 7.35 | 12.22 | -4.86 |
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Drawdowns
MEM vs. EVLU - Drawdown Comparison
The maximum MEM drawdown since its inception was -19.10%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for MEM and EVLU.
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Drawdown Indicators
| MEM | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.10% | -17.17% | -1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -12.90% | -1.72% |
Max Drawdown (3Y)Largest decline over 3 years | -19.10% | — | — |
Current DrawdownCurrent decline from peak | -9.45% | -6.86% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -3.76% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.13% | 4.46% | +0.67% |
Volatility
MEM vs. EVLU - Volatility Comparison
Matthews Emerging Markets Equity Active ETF (MEM) has a higher volatility of 8.36% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 6.42%. This indicates that MEM's price experiences larger fluctuations and is considered to be riskier than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEM | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.36% | 6.42% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.33% | 18.35% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 20.92% | +4.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 20.36% | -1.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.36% | 20.36% | -1.00% |
MEM vs. EVLU - Expense Ratio Comparison
MEM has a 0.79% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
MEM vs. EVLU - Dividend Comparison
MEM's dividend yield for the trailing twelve months is around 2.97%, less than EVLU's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.81% | 5.20% | 1.03% | 0.00% | 0.00% |
MEM Matthews Emerging Markets Equity Active ETF | 2.97% | 3.56% | 7.81% | 0.01% | 0.53% |
Frequently Asked Questions
MEM and EVLU have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEM has higher volatility (8.36%) compared to EVLU (6.42%). In terms of maximum drawdown, MEM dropped -19.10% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 54.31% vs 37.66% for MEM. On fees, EVLU is cheaper at 0.35% per year. On volatility, EVLU has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 54.31% return vs 37.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.79% for MEM.
EVLU has the higher dividend yield at 3.81%, compared with 2.97% for MEM.
They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for MEM and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.61 vs 1.52), 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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