MEMX vs. EWT
Compare and contrast key facts about Matthews Emerging Markets Ex China Active ETF (MEMX) and iShares MSCI Taiwan ETF (EWT).
MEMX and EWT 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. EWT is a passively managed fund by iShares that tracks the performance of the MSCI Taiwan Index. It was launched on Jun 20, 2000.
Performance
MEMX vs. EWT - Performance Comparison
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MEMX vs. EWT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 6.51% | 35.88% | 5.50% | 10.52% |
EWT iShares MSCI Taiwan ETF | 11.63% | 28.38% | 16.11% | 15.83% |
Returns By Period
In the year-to-date period, MEMX achieves a 6.51% return, which is significantly lower than EWT's 11.63% return.
MEMX
- 1D
- 4.04%
- 1M
- -11.05%
- YTD
- 6.51%
- 6M
- 20.33%
- 1Y
- 49.85%
- 3Y*
- 19.55%
- 5Y*
- —
- 10Y*
- —
EWT
- 1D
- 2.84%
- 1M
- -6.28%
- YTD
- 11.63%
- 6M
- 16.60%
- 1Y
- 56.23%
- 3Y*
- 22.26%
- 5Y*
- 10.25%
- 10Y*
- 14.99%
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MEMX vs. EWT - Expense Ratio Comparison
MEMX has a 0.79% expense ratio, which is higher than EWT's 0.59% expense ratio.
Return for Risk
MEMX vs. EWT — Risk / Return Rank
MEMX
EWT
MEMX vs. EWT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Ex China Active ETF (MEMX) and iShares MSCI Taiwan ETF (EWT). 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 | EWT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.46 | 2.11 | +0.35 |
Sortino ratioReturn per unit of downside risk | 3.12 | 2.80 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.37 | 3.55 | -0.18 |
Martin ratioReturn relative to average drawdown | 14.15 | 14.26 | -0.10 |
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 | EWT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.46 | 2.11 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.20 | +0.91 |
Correlation
The correlation between MEMX and EWT is 0.84, 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. EWT - Dividend Comparison
MEMX's dividend yield for the trailing twelve months is around 4.58%, more than EWT's 3.97% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 4.58% | 4.88% | 0.99% | 1.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EWT iShares MSCI Taiwan ETF | 3.97% | 4.43% | 3.32% | 8.12% | 18.82% | 0.55% | 1.83% | 2.49% | 3.16% | 2.81% | 2.39% | 3.12% |
Drawdowns
MEMX vs. EWT - Drawdown Comparison
The maximum MEMX drawdown since its inception was -19.27%, smaller than the maximum EWT drawdown of -64.37%. Use the drawdown chart below to compare losses from any high point for MEMX and EWT.
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Drawdown Indicators
| MEMX | EWT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -64.37% | +45.10% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -15.53% | +0.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.88% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.88% | — |
Current DrawdownCurrent decline from peak | -11.25% | -7.97% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -3.53% | -19.35% | +15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 3.87% | -0.37% |
Volatility
MEMX vs. EWT - Volatility Comparison
Matthews Emerging Markets Ex China Active ETF (MEMX) has a higher volatility of 11.60% compared to iShares MSCI Taiwan ETF (EWT) at 11.00%. This indicates that MEMX's price experiences larger fluctuations and is considered to be riskier than EWT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEMX | EWT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.60% | 11.00% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 16.22% | 18.14% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 26.85% | -6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 22.32% | -6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 21.22% | -5.15% |