MEMA vs. STXE

Last updated Jul 17, 2026

MEMA (Man Active Emerging Markets Alternative ETF) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Diversified funds. MEMA is actively managed, while STXE is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. MEMA charges 0.85%/yr vs 0.32%/yr for STXE.

Performance

MEMA vs. STXE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Man Active Emerging Markets Alternative ETF (MEMA) and Strive Emerging Markets Ex-China ETF (STXE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEMA achieves a 15.22% return, which is significantly lower than STXE's 31.86% return.

MEMA

• 1D: -0.67%
• 1M: -7.87%
• 6M: 7.95%
• YTD: 15.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

STXE

• 1D: -3.16%
• 1M: -9.89%
• 6M: 22.89%
• YTD: 31.86%
• 1Y: 53.80%
• 3Y*: 23.23%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEMA vs. STXE - Yearly Performance Comparison

	2026 (YTD)	2025
MEMA Man Active Emerging Markets Alternative ETF	15.22%	2.94%
STXE Strive Emerging Markets Ex-China ETF	31.86%	4.32%

Correlation

The correlation between MEMA and STXE is 0.92, 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 17, 2025	0.92

Return for Risk

MEMA vs. STXE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEMA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

STXE

STXE Risk / Return Rank: 77
STXE Sharpe Ratio Rank: 75
STXE Sortino Ratio Rank: 66
STXE Omega Ratio Rank: 76
STXE Calmar Ratio Rank: 85
STXE Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEMA vs. STXE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Man Active Emerging Markets Alternative ETF (MEMA) and Strive Emerging Markets Ex-China ETF (STXE). 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.

	MEMA	STXE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.91	—
Sortino ratio: Return per unit of downside risk	—	2.43	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	3.73	—
Martin ratio: Return relative to average drawdown	—	12.35	—

Drawdowns

MEMA vs. STXE - Drawdown Comparison

The maximum MEMA drawdown since its inception was -13.12%, smaller than the maximum STXE drawdown of -18.92%. Use the drawdown chart below to compare losses from any high point for MEMA and STXE.

Drawdown Indicators

	MEMA	STXE	Difference
Max Drawdown Largest peak-to-trough decline	-13.12%	-18.92%	+5.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.51%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.92%	—
Current Drawdown Current decline from peak	-10.07%	-14.34%	+4.27%
Average Drawdown Average peak-to-trough decline	-3.36%	-3.81%	+0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.37%	—

Volatility

Volatility by Period

	MEMA	STXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.70%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.41%	28.33%	+0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.41%	19.64%	+8.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.41%	19.64%	+8.77%

MEMA vs. STXE - Expense Ratio Comparison

MEMA has a 0.85% expense ratio, which is higher than STXE's 0.32% expense ratio.

Dividends

MEMA vs. STXE - Dividend Comparison

MEMA's dividend yield for the trailing twelve months is around 0.30%, less than STXE's 1.90% yield.

Position	TTM	2025	2024	2023
MEMA Man Active Emerging Markets Alternative ETF	0.30%	0.00%	0.00%	0.00%
STXE Strive Emerging Markets Ex-China ETF	1.90%	2.66%	3.22%	1.08%

Frequently Asked Questions

Can I hold both MEMA and STXE in my portfolio?

With a correlation of 0.92, MEMA and STXE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MEMA or STXE?

On fees, STXE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEMA or STXE?

STXE is cheaper with a 0.32% expense ratio, compared with 0.85% for MEMA.

Which ETF pays a higher dividend yield, MEMA or STXE?

STXE has the higher dividend yield at 1.90%, compared with 0.30% for MEMA.

What is the main difference between MEMA and STXE?

They also come from different issuers: Man Group and Strive. Their fees differ too: 0.85% for MEMA and 0.32% for STXE.