MEMX vs. EMFIX
Compare and contrast key facts about Matthews Emerging Markets Ex China Active ETF (MEMX) and Ashmore Emerging Markets Equity Fund (EMFIX).
MEMX is an actively managed fund by Matthews Asia. It was launched on Jan 10, 2023. EMFIX is managed by Ashmore. It was launched on Jun 20, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEMX or EMFIX.
Key characteristics
| MEMX | EMFIX | |
|---|---|---|
| YTD Return | 10.35% | 9.02% |
| 1Y Return | 17.91% | 16.71% |
| Sharpe Ratio | 1.26 | 0.97 |
| Daily Std Dev | 13.85% | 16.34% |
| Max Drawdown | -12.20% | -43.03% |
| Current Drawdown | -2.35% | -19.82% |
Correlation
The correlation between MEMX and EMFIX is 0.78, 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.
Performance
MEMX vs. EMFIX - Performance Comparison
In the year-to-date period, MEMX achieves a 10.35% return, which is significantly higher than EMFIX's 9.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MEMX vs. EMFIX - Expense Ratio Comparison
MEMX has a 0.79% expense ratio, which is lower than EMFIX's 1.17% expense ratio.
Risk-Adjusted Performance
MEMX vs. EMFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Ex China Active ETF (MEMX) and Ashmore Emerging Markets Equity Fund (EMFIX). 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.
Dividends
MEMX vs. EMFIX - Dividend Comparison
MEMX's dividend yield for the trailing twelve months is around 1.02%, more than EMFIX's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 1.02% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMFIX Ashmore Emerging Markets Equity Fund | 0.40% | 1.25% | 1.70% | 22.32% | 2.32% | 2.16% | 0.82% | 2.17% | 1.92% | 0.55% | 1.14% | 2.29% |
Drawdowns
MEMX vs. EMFIX - Drawdown Comparison
The maximum MEMX drawdown since its inception was -12.20%, smaller than the maximum EMFIX drawdown of -43.03%. Use the drawdown chart below to compare losses from any high point for MEMX and EMFIX. For additional features, visit the drawdowns tool.
Volatility
MEMX vs. EMFIX - Volatility Comparison
Matthews Emerging Markets Ex China Active ETF (MEMX) has a higher volatility of 4.09% compared to Ashmore Emerging Markets Equity Fund (EMFIX) at 3.73%. This indicates that MEMX's price experiences larger fluctuations and is considered to be riskier than EMFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.