MEMX vs. ADVE

Last updated Apr 1, 2026

Compare and contrast key facts about Matthews Emerging Markets Ex China Active ETF (MEMX) and Matthews Asia Dividend Active ETF (ADVE).

MEMX and ADVE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEMX is an actively managed fund by Matthews. It was launched on Jan 10, 2023. ADVE is an actively managed fund by Matthews. It was launched on Sep 21, 2023.

Performance

MEMX vs. ADVE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Emerging Markets Ex China Active ETF (MEMX) and Matthews Asia Dividend Active ETF (ADVE). The values are adjusted to include any dividend payments, if applicable.

MEMX vs. ADVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MEMX Matthews Emerging Markets Ex China Active ETF	6.51%	35.88%	5.50%	9.21%
ADVE Matthews Asia Dividend Active ETF	6.57%	26.12%	7.02%	5.13%

Returns By Period

The year-to-date returns for both investments are quite close, with MEMX having a 6.51% return and ADVE slightly higher at 6.57%.

MEMX

• 1D: 4.04%
• 1M: -11.05%
• YTD: 6.51%
• 6M: 20.33%
• 1Y: 49.85%
• 3Y*: 19.55%
• 5Y*: —
• 10Y*: —

ADVE

• 1D: 3.40%
• 1M: -7.71%
• YTD: 6.57%
• 6M: 10.65%
• 1Y: 32.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEMX vs. ADVE - Expense Ratio Comparison

Both MEMX and ADVE have an expense ratio of 0.79%.

MEMX

Matthews Emerging Markets Ex China Active ETF

ADVE

Matthews Asia Dividend Active ETF

Return for Risk

MEMX vs. ADVE — Risk / Return Rank

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

MEMX

MEMX Risk / Return Rank: 94
MEMX Sharpe Ratio Rank: 95
MEMX Sortino Ratio Rank: 95
MEMX Omega Ratio Rank: 95
MEMX Calmar Ratio Rank: 92
MEMX Martin Ratio Rank: 94

ADVE

ADVE Risk / Return Rank: 88
ADVE Sharpe Ratio Rank: 88
ADVE Sortino Ratio Rank: 88
ADVE Omega Ratio Rank: 89
ADVE Calmar Ratio Rank: 87
ADVE Martin Ratio Rank: 87

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.

MEMX vs. ADVE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Ex China Active ETF (MEMX) and Matthews Asia Dividend Active ETF (ADVE). 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.

	MEMX	ADVE	Difference
Sharpe ratio Return per unit of total volatility	2.46	1.86	+0.60
Sortino ratio Return per unit of downside risk	3.12	2.51	+0.61
Omega ratio Gain probability vs. loss probability	1.46	1.38	+0.08
Calmar ratio Return relative to maximum drawdown	3.37	2.75	+0.62
Martin ratio Return relative to average drawdown	14.15	10.93	+3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEMX vs. ADVE - Sharpe Ratio Comparison

The current MEMX Sharpe Ratio is 2.46, which is higher than the ADVE Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of MEMX and ADVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MEMX	ADVE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	1.86	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.19	-0.08

Correlation

The correlation between MEMX and ADVE is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MEMX vs. ADVE - Dividend Comparison

MEMX's dividend yield for the trailing twelve months is around 4.58%, more than ADVE's 2.80% yield.

	TTM	2025	2024	2023
MEMX Matthews Emerging Markets Ex China Active ETF	4.58%	4.88%	0.99%	1.13%
ADVE Matthews Asia Dividend Active ETF	2.80%	2.97%	6.00%	0.37%

Drawdowns

MEMX vs. ADVE - Drawdown Comparison

The maximum MEMX drawdown since its inception was -19.27%, roughly equal to the maximum ADVE drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for MEMX and ADVE.

Drawdown Indicators

	MEMX	ADVE	Difference
Max Drawdown Largest peak-to-trough decline	-19.27%	-18.41%	-0.86%
Max Drawdown (1Y) Largest decline over 1 year	-14.70%	-11.73%	-2.97%
Current Drawdown Current decline from peak	-11.25%	-8.73%	-2.52%
Average Drawdown Average peak-to-trough decline	-3.53%	-3.20%	-0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	2.95%	+0.55%

Volatility

MEMX vs. ADVE - Volatility Comparison

Matthews Emerging Markets Ex China Active ETF (MEMX) has a higher volatility of 11.60% compared to Matthews Asia Dividend Active ETF (ADVE) at 8.77%. This indicates that MEMX's price experiences larger fluctuations and is considered to be riskier than ADVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEMX	ADVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.60%	8.77%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	16.22%	12.93%	+3.29%
Volatility (1Y) Calculated over the trailing 1-year period	20.39%	17.59%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.07%	15.11%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	15.11%	+0.96%