MEMS vs. MEM

Last updated Aug 2, 2026

MEMS (Matthews Emerging Markets Discovery Active ETF) and MEM (Matthews Emerging Markets Equity Active ETF) are both Emerging Markets Equities funds from Matthews. Both are actively managed. Over the past year, MEMS returned 16.71% vs 36.76% for MEM. Their 0.79 correlation means they have sometimes moved together and sometimes differently. MEMS charges 0.89%/yr vs 0.79%/yr for MEM.

Performance

MEMS vs. MEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Emerging Markets Discovery Active ETF (MEMS) and Matthews Emerging Markets Equity Active ETF (MEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEMS achieves a 13.60% return, which is significantly lower than MEM's 19.05% return.

MEMS

• 1D: 0.31%
• 1M: -8.27%
• 6M: 6.87%
• YTD: 13.60%
• 1Y: 16.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.24%

MEM

• 1D: 0.49%
• 1M: -2.31%
• 6M: 9.52%
• YTD: 19.05%
• 1Y: 36.76%
• 3Y*: 18.39%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.59%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MEM Matthews Emerging Markets Equity Active ETF	$91.77K	$110.69K	$126.59K
MEMS Matthews Emerging Markets Discovery Active ETF	$37.98K	$24.77K	$32.48K

MEMS vs. MEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MEMS Matthews Emerging Markets Discovery Active ETF	13.60%	11.12%	-5.32%
MEM Matthews Emerging Markets Equity Active ETF	19.05%	28.31%	12.85%

Correlation

The correlation between MEMS and MEM is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.79

The correlation between MEMS and MEM has been stable across timeframes, ranging from 0.79 to 0.82 - a consistent structural relationship.

MEMS vs. MEM - Sectors Allocation Comparison

Sectors	MEMS	MEM
Technology	34.1%	45.6%
Financial Services	16.5%	23.8%
Industrials	15.7%	7.8%
Consumer Cyclical	13.4%	6.8%
Healthcare	8.3%	0.6%
Consumer Defensive	3.7%	1.4%
Communication Services	2.7%	4.3%
Real Estate	2.2%	-
Energy	2.0%	2.0%
Basic Materials	1.4%	7.7%
Utilities	1.0%	-

Return for Risk

MEMS vs. MEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MEMS

MEMS Risk / Return Rank: 32
MEMS Sharpe Ratio Rank: 30
MEMS Sortino Ratio Rank: 30
MEMS Omega Ratio Rank: 30
MEMS Calmar Ratio Rank: 35
MEMS Martin Ratio Rank: 35

MEM

MEM Risk / Return Rank: 61
MEM Sharpe Ratio Rank: 60
MEM Sortino Ratio Rank: 57
MEM Omega Ratio Rank: 60
MEM Calmar Ratio Rank: 69
MEM Martin Ratio Rank: 58

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MEMS vs. MEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Discovery Active ETF (MEMS) and Matthews Emerging Markets Equity Active ETF (MEM). 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.

	MEMS	MEM	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.42	-0.71
Sortino ratio: Return per unit of downside risk	1.12	1.98	-0.86
Omega ratio: Gain probability vs. loss probability	1.14	1.26	-0.12
Calmar ratio: Return relative to maximum drawdown	1.22	2.43	-1.21
Martin ratio: Return relative to average drawdown	3.42	6.94	-3.52

MEMS vs. MEM - Sharpe Ratio Comparison

The current MEMS Sharpe Ratio is 0.71, which is lower than the MEM Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of MEMS and MEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MEMS vs. MEM - Drawdown Comparison

The maximum MEMS drawdown since its inception was -22.24%, which is greater than MEM's maximum drawdown of -19.10%. Use the drawdown chart below to compare losses from any high point for MEMS and MEM.

Drawdown Indicators

	MEMS	MEM	Difference
Max Drawdown Largest peak-to-trough decline	-22.24%	-19.10%	-3.14%
Max Drawdown (1Y) Largest decline over 1 year	-13.29%	-14.62%	+1.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.10%	—
Current Drawdown Current decline from peak	-10.85%	-10.05%	-0.80%
Average Drawdown Average peak-to-trough decline	-5.23%	-4.84%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.71%	5.10%	-0.39%

Volatility

MEMS vs. MEM - Volatility Comparison

The current volatility for Matthews Emerging Markets Discovery Active ETF (MEMS) is 6.92%, while Matthews Emerging Markets Equity Active ETF (MEM) has a volatility of 8.37%. This indicates that MEMS experiences smaller price fluctuations and is considered to be less risky than MEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEMS	MEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	8.37%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	20.35%	22.50%	-2.15%
Volatility (1Y) Calculated over the trailing 1-year period	22.65%	24.96%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.06%	19.37%	+0.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.06%	19.37%	+0.69%

MEMS vs. MEM - Expense Ratio Comparison

MEMS has a 0.89% expense ratio, which is higher than MEM's 0.79% expense ratio.

Dividends

MEMS vs. MEM - Dividend Comparison

MEMS's dividend yield for the trailing twelve months is around 2.47%, less than MEM's 2.99% yield.

Position	TTM	2025	2024	2023	2022
MEM Matthews Emerging Markets Equity Active ETF	2.99%	3.56%	7.81%	0.01%	0.53%
MEMS Matthews Emerging Markets Discovery Active ETF	2.47%	2.81%	1.42%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEMS and MEM in my portfolio?

MEMS and MEM have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEMS or MEM?

MEM has higher volatility (8.37%) compared to MEMS (6.92%). In terms of maximum drawdown, MEMS dropped -22.24% vs MEM's -19.10%.

Which ETF is better, MEMS or MEM?

On 1-year performance, MEM leads with 36.76% vs 16.71% for MEMS. On fees, MEM is cheaper at 0.79% per year. On volatility, MEMS has been the lower-risk option at 6.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MEMS or MEM?

Over the 1-year period, MEM has performed better with a 36.76% return vs 16.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MEMS or MEM?

MEM is cheaper with a 0.79% expense ratio, compared with 0.89% for MEMS.

Which ETF pays a higher dividend yield, MEMS or MEM?

MEM has the higher dividend yield at 2.99%, compared with 2.47% for MEMS.

What is the main difference between MEMS and MEM?

Their fees differ too: 0.89% for MEMS and 0.79% for MEM.

Which has better risk-adjusted returns?

MEM currently has the higher Sharpe Ratio (1.42 vs 0.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.