MEMX vs. ETG
Compare and contrast key facts about Matthews Emerging Markets Ex China Active ETF (MEMX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG).
MEMX is an actively managed fund by Matthews. It was launched on Jan 10, 2023. ETG is an actively managed fund by Eaton Vance. It was launched on Jan 30, 2004.
Performance
MEMX vs. ETG - Performance Comparison
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MEMX vs. ETG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 7.64% | 35.88% | 5.50% | 10.52% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | -8.73% | 36.92% | 15.46% | 14.68% |
Returns By Period
In the year-to-date period, MEMX achieves a 7.64% return, which is significantly higher than ETG's -8.73% return.
MEMX
- 1D
- 1.06%
- 1M
- -7.96%
- YTD
- 7.64%
- 6M
- 20.48%
- 1Y
- 51.16%
- 3Y*
- 19.97%
- 5Y*
- —
- 10Y*
- —
ETG
- 1D
- 2.98%
- 1M
- -8.64%
- YTD
- -8.73%
- 6M
- 0.80%
- 1Y
- 22.64%
- 3Y*
- 17.32%
- 5Y*
- 10.00%
- 10Y*
- 11.99%
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MEMX vs. ETG - Expense Ratio Comparison
MEMX has a 0.79% expense ratio, which is lower than ETG's 2.57% expense ratio.
Return for Risk
MEMX vs. ETG — Risk / Return Rank
MEMX
ETG
MEMX vs. ETG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Ex China Active ETF (MEMX) and Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG). 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 | ETG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.52 | 1.13 | +1.39 |
Sortino ratioReturn per unit of downside risk | 3.19 | 1.73 | +1.46 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.24 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 3.50 | 1.35 | +2.15 |
Martin ratioReturn relative to average drawdown | 14.46 | 5.79 | +8.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MEMX | ETG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.52 | 1.13 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.51 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.57 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.36 | +0.77 |
Correlation
The correlation between MEMX and ETG is 0.72, 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. ETG - Dividend Comparison
MEMX's dividend yield for the trailing twelve months is around 4.54%, less than ETG's 7.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 4.54% | 4.88% | 0.99% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ETG Eaton Vance Tax Advantaged Global Dividend Income Closed Fund | 7.49% | 6.72% | 8.03% | 7.02% | 9.94% | 6.02% | 6.74% | 6.83% | 9.08% | 7.69% | 8.74% | 7.93% |
Drawdowns
MEMX vs. ETG - Drawdown Comparison
The maximum MEMX drawdown since its inception was -19.27%, smaller than the maximum ETG drawdown of -74.76%. Use the drawdown chart below to compare losses from any high point for MEMX and ETG.
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Drawdown Indicators
| MEMX | ETG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -74.76% | +55.49% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -16.64% | +1.94% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.53% | — |
Current DrawdownCurrent decline from peak | -10.31% | -11.20% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -3.54% | -13.55% | +10.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.88% | -0.32% |
Volatility
MEMX vs. ETG - Volatility Comparison
Matthews Emerging Markets Ex China Active ETF (MEMX) has a higher volatility of 10.72% compared to Eaton Vance Tax Advantaged Global Dividend Income Closed Fund (ETG) at 7.67%. This indicates that MEMX's price experiences larger fluctuations and is considered to be riskier than ETG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEMX | ETG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.72% | 7.67% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 16.25% | 11.90% | +4.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.41% | 20.21% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 19.73% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 21.17% | -5.10% |