MEM vs. SPMO
Compare and contrast key facts about Matthews Emerging Markets Equity Active ETF (MEM) and Invesco S&P 500 Momentum ETF (SPMO).
MEM and SPMO 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. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
MEM vs. SPMO - Performance Comparison
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MEM vs. SPMO - 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% |
SPMO Invesco S&P 500 Momentum ETF | -5.78% | 26.58% | 45.82% | 17.56% | 11.90% |
Returns By Period
In the year-to-date period, MEM achieves a 3.72% return, which is significantly higher than SPMO's -5.78% return.
MEM
- 1D
- 3.41%
- 1M
- -9.91%
- YTD
- 3.72%
- 6M
- 6.24%
- 1Y
- 31.37%
- 3Y*
- 15.30%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- 3.96%
- 1M
- -5.89%
- YTD
- -5.78%
- 6M
- -6.90%
- 1Y
- 22.23%
- 3Y*
- 28.36%
- 5Y*
- 17.17%
- 10Y*
- 17.16%
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MEM vs. SPMO - Expense Ratio Comparison
MEM has a 0.79% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
MEM vs. SPMO — Risk / Return Rank
MEM
SPMO
MEM vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Equity Active ETF (MEM) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 0.98 | +0.59 |
Sortino ratioReturn per unit of downside risk | 2.17 | 1.51 | +0.67 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.22 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.79 | +0.31 |
Martin ratioReturn relative to average drawdown | 8.08 | 6.36 | +1.72 |
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 | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 0.98 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.85 | +0.01 |
Correlation
The correlation between MEM and SPMO is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MEM vs. SPMO - Dividend Comparison
MEM's dividend yield for the trailing twelve months is around 3.43%, more than SPMO's 0.91% 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% |
SPMO Invesco S&P 500 Momentum ETF | 0.91% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
MEM vs. SPMO - Drawdown Comparison
The maximum MEM drawdown since its inception was -19.10%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for MEM and SPMO.
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Drawdown Indicators
| MEM | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.10% | -30.95% | +11.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.62% | -12.70% | -1.92% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -11.70% | -9.24% | -2.46% |
Average DrawdownAverage peak-to-trough decline | -4.82% | -4.66% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.79% | 3.57% | +0.22% |
Volatility
MEM vs. SPMO - Volatility Comparison
Matthews Emerging Markets Equity Active ETF (MEM) has a higher volatility of 10.08% compared to Invesco S&P 500 Momentum ETF (SPMO) at 6.82%. This indicates that MEM's price experiences larger fluctuations and is considered to be riskier than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEM | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.08% | 6.82% | +3.26% |
Volatility (6M)Calculated over the trailing 6-month period | 15.29% | 12.62% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.99% | 22.68% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.62% | 19.06% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.62% | 20.08% | -2.46% |