MEMA vs. XCNY
MEMA (Man Active Emerging Markets Alternative ETF) and XCNY (SPDR S&P Emerging Markets ex-China ETF) are both Emerging Markets Diversified funds. MEMA is actively managed, while XCNY is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. MEMA charges 0.85%/yr vs 0.15%/yr for XCNY.
Performance
MEMA vs. XCNY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MEMA achieves a 26.01% return, which is significantly higher than XCNY's 19.50% return.
MEMA
- 1D
- -1.65%
- 1M
- 5.93%
- YTD
- 26.01%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XCNY
- 1D
- -1.25%
- 1M
- 5.37%
- YTD
- 19.50%
- 6M
- 22.65%
- 1Y
- 38.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEMA vs. XCNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MEMA Man Active Emerging Markets Alternative ETF | 26.01% | 2.94% |
XCNY SPDR S&P Emerging Markets ex-China ETF | 19.50% | 3.71% |
Correlation
The correlation between MEMA and XCNY is 0.89, 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 | 0.89 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MEMA vs. XCNY — Risk / Return Rank
MEMA
XCNY
MEMA vs. XCNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Man Active Emerging Markets Alternative ETF (MEMA) and SPDR S&P Emerging Markets ex-China ETF (XCNY). 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.
Loading charts...
Sharpe Ratios by Period
| MEMA | XCNY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.03 | 1.18 | +1.85 |
Drawdowns
MEMA vs. XCNY - Drawdown Comparison
The maximum MEMA drawdown since its inception was -13.12%, smaller than the maximum XCNY drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for MEMA and XCNY.
Loading charts...
Drawdown Indicators
| MEMA | XCNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.12% | -19.70% | +6.58% |
Max Drawdown (1Y)Largest decline over 1 year | — | -11.86% | — |
Current DrawdownCurrent decline from peak | -1.65% | -1.25% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -4.14% | +1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.08% | — |
Volatility
MEMA vs. XCNY - Volatility Comparison
Loading charts...
Volatility by Period
| MEMA | XCNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 25.81% | 16.62% | +9.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.81% | 17.75% | +8.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.81% | 17.75% | +8.06% |
MEMA vs. XCNY - Expense Ratio Comparison
MEMA has a 0.85% expense ratio, which is higher than XCNY's 0.15% expense ratio.
Dividends
MEMA vs. XCNY - Dividend Comparison
MEMA has not paid dividends to shareholders, while XCNY's dividend yield for the trailing twelve months is around 2.25%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MEMA Man Active Emerging Markets Alternative ETF | 0.00% | 0.00% | 0.00% |
XCNY SPDR S&P Emerging Markets ex-China ETF | 2.25% | 2.68% | 1.07% |
Frequently Asked Questions
MEMA and XCNY have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCNY is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCNY is cheaper with a 0.15% expense ratio, compared with 0.85% for MEMA.
XCNY has the higher dividend yield at 2.25%, compared with 0.00% for MEMA.
They also come from different issuers: Man Group and State Street. Their fees differ too: 0.85% for MEMA and 0.15% for XCNY.
Find the right allocation for MEMA and XCNY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer