MEM vs. HEEM
Compare and contrast key facts about Matthews Emerging Markets Equity Active ETF (MEM) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM).
MEM and HEEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEM is an actively managed fund by Matthews. It was launched on Jul 13, 2022. HEEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets 100% USD Hedged Index. It was launched on Sep 23, 2014.
Performance
MEM vs. HEEM - Performance Comparison
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MEM vs. HEEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MEM Matthews Emerging Markets Equity Active ETF | 3.72% | 28.31% | 10.11% | 6.92% | 7.30% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 6.21% | 34.02% | 12.59% | 10.14% | -0.61% |
Returns By Period
In the year-to-date period, MEM achieves a 3.72% return, which is significantly lower than HEEM's 6.21% return.
MEM
- 1D
- 3.41%
- 1M
- -9.91%
- YTD
- 3.72%
- 6M
- 6.24%
- 1Y
- 31.37%
- 3Y*
- 15.30%
- 5Y*
- —
- 10Y*
- —
HEEM
- 1D
- 3.58%
- 1M
- -6.72%
- YTD
- 6.21%
- 6M
- 13.27%
- 1Y
- 37.01%
- 3Y*
- 18.98%
- 5Y*
- 6.31%
- 10Y*
- 9.13%
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MEM vs. HEEM - Expense Ratio Comparison
MEM has a 0.79% expense ratio, which is higher than HEEM's 0.72% expense ratio.
Return for Risk
MEM vs. HEEM — Risk / Return Rank
MEM
HEEM
MEM vs. HEEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Equity Active ETF (MEM) and iShares Currency Hedged MSCI Emerging Markets ETF (HEEM). 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.
| MEM | HEEM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 2.12 | -0.55 |
Sortino ratioReturn per unit of downside risk | 2.17 | 2.78 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 3.22 | -1.13 |
Martin ratioReturn relative to average drawdown | 8.08 | 12.72 | -4.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MEM | HEEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 2.12 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.38 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.40 | +0.46 |
Correlation
The correlation between MEM and HEEM is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
MEM vs. HEEM - Dividend Comparison
MEM's dividend yield for the trailing twelve months is around 3.43%, less than HEEM's 3.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEM Matthews Emerging Markets Equity Active ETF | 3.43% | 3.56% | 7.81% | 0.01% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HEEM iShares Currency Hedged MSCI Emerging Markets ETF | 3.74% | 3.98% | 2.38% | 2.75% | 7.49% | 1.93% | 1.49% | 3.04% | 2.37% | 2.05% | 1.84% | 6.28% |
Drawdowns
MEM vs. HEEM - Drawdown Comparison
The maximum MEM drawdown since its inception was -19.10%, smaller than the maximum HEEM drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for MEM and HEEM.
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Drawdown Indicators
| MEM | HEEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.10% | -33.53% | +14.43% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -11.42% | -3.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -11.70% | -7.64% | -4.06% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -11.28% | +6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 2.89% | +0.90% |
Volatility
MEM vs. HEEM - Volatility Comparison
Matthews Emerging Markets Equity Active ETF (MEM) has a higher volatility of 10.08% compared to iShares Currency Hedged MSCI Emerging Markets ETF (HEEM) at 8.92%. This indicates that MEM's price experiences larger fluctuations and is considered to be riskier than HEEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEM | HEEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.08% | 8.92% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 15.29% | 13.25% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 17.52% | +2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 16.55% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 17.75% | -0.13% |