MEMA vs. OAEM
MEMA (Man Active Emerging Markets Alternative ETF) and OAEM (OneAscent Emerging Markets ETF) are both Emerging Markets Diversified funds. Both are actively managed. Their correlation of 0.85 suggests significant overlap in exposure. MEMA charges 0.85%/yr vs 1.25%/yr for OAEM.
Performance
MEMA vs. OAEM - Performance Comparison
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Returns By Period
In the year-to-date period, MEMA achieves a 26.01% return, which is significantly lower than OAEM's 36.06% return.
MEMA
- 1D
- -1.65%
- 1M
- 5.93%
- YTD
- 26.01%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OAEM
- 1D
- -1.10%
- 1M
- 7.11%
- YTD
- 36.06%
- 6M
- 43.08%
- 1Y
- 62.43%
- 3Y*
- 21.19%
- 5Y*
- —
- 10Y*
- —
MEMA vs. OAEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MEMA Man Active Emerging Markets Alternative ETF | 26.01% | 2.94% |
OAEM OneAscent Emerging Markets ETF | 36.06% | 6.20% |
Correlation
The correlation between MEMA and OAEM is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | 0.85 |
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Return for Risk
MEMA vs. OAEM — Risk / Return Rank
MEMA
OAEM
MEMA vs. OAEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Man Active Emerging Markets Alternative ETF (MEMA) and OneAscent Emerging Markets ETF (OAEM). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MEMA | OAEM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.81 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.03 | 1.12 | +1.90 |
Drawdowns
MEMA vs. OAEM - Drawdown Comparison
The maximum MEMA drawdown since its inception was -13.12%, smaller than the maximum OAEM drawdown of -17.05%. Use the drawdown chart below to compare losses from any high point for MEMA and OAEM.
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Drawdown Indicators
| MEMA | OAEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -17.05% | +3.93% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.63% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.05% | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.10% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -3.86% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.50% | — |
Volatility
MEMA vs. OAEM - Volatility Comparison
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Volatility by Period
| MEMA | OAEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.82% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.81% | 22.32% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.81% | 19.55% | +6.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.81% | 19.55% | +6.26% |
MEMA vs. OAEM - Expense Ratio Comparison
MEMA has a 0.85% expense ratio, which is lower than OAEM's 1.25% expense ratio.
Dividends
MEMA vs. OAEM - Dividend Comparison
MEMA has not paid dividends to shareholders, while OAEM's dividend yield for the trailing twelve months is around 0.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
MEMA Man Active Emerging Markets Alternative ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
OAEM OneAscent Emerging Markets ETF | 0.57% | 0.77% | 0.91% | 1.63% | 0.04% |
Frequently Asked Questions
MEMA and OAEM have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MEMA is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MEMA is cheaper with a 0.85% expense ratio, compared with 1.25% for OAEM.
OAEM has the higher dividend yield at 0.57%, compared with 0.00% for MEMA.
They also come from different issuers: Man Group and Oneascent. Their fees differ too: 0.85% for MEMA and 1.25% for OAEM.
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