MEMX vs. IBID

Last updated Jun 24, 2026

MEMX (Matthews Emerging Markets Ex China Active ETF) and IBID (iShares iBonds Oct 2027 Term TIPS ETF) are both exchange-traded funds - MEMX is a Emerging Markets Diversified fund actively managed by Matthews, while IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked Treasury Index. MEMX is actively managed, while IBID is passively managed. Over the past year, MEMX returned 62.81% vs 3.92% for IBID. At a 0.00 correlation, their price movements are largely independent. MEMX charges 0.79%/yr vs 0.10%/yr for IBID.

Performance

MEMX vs. IBID - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Emerging Markets Ex China Active ETF (MEMX) and iShares iBonds Oct 2027 Term TIPS ETF (IBID). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEMX achieves a 29.86% return, which is significantly higher than IBID's 1.94% return.

MEMX

• 1D: -5.58%
• 1M: 3.50%
• YTD: 29.86%
• 6M: 31.95%
• 1Y: 62.81%
• 3Y*: 25.58%
• 5Y*: —
• 10Y*: —

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEMX vs. IBID - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MEMX Matthews Emerging Markets Ex China Active ETF	29.86%	35.88%	5.50%	5.15%
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%

Correlation

The correlation between MEMX and IBID is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.00

The correlation between MEMX and IBID shifts across timeframes, from -0.16 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MEMX vs. IBID — Risk / Return Rank

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

MEMX

MEMX Risk / Return Rank: 83
MEMX Sharpe Ratio Rank: 85
MEMX Sortino Ratio Rank: 77
MEMX Omega Ratio Rank: 84
MEMX Calmar Ratio Rank: 85
MEMX Martin Ratio Rank: 85

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

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. IBID - 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 iBonds Oct 2027 Term TIPS ETF (IBID). 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.

	MEMX	IBID	Difference
Sharpe ratio: Return per unit of total volatility	2.57	3.19	-0.62
Sortino ratio: Return per unit of downside risk	3.17	5.38	-2.22
Omega ratio: Gain probability vs. loss probability	1.47	1.72	-0.25
Calmar ratio: Return relative to maximum drawdown	4.30	7.20	-2.91
Martin ratio: Return relative to average drawdown	16.40	29.14	-12.74

MEMX vs. IBID - Sharpe Ratio Comparison

The current MEMX Sharpe Ratio is 2.57, which is comparable to the IBID Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of MEMX and IBID, 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

MEMX vs. IBID - Drawdown Comparison

The maximum MEMX drawdown since its inception was -19.27%, which is greater than IBID's maximum drawdown of -1.28%. Use the drawdown chart below to compare losses from any high point for MEMX and IBID.

Drawdown Indicators

	MEMX	IBID	Difference
Max Drawdown Largest peak-to-trough decline	-19.27%	-1.28%	-17.99%
Max Drawdown (1Y) Largest decline over 1 year	-14.70%	-0.55%	-14.15%
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	—	—
Current Drawdown Current decline from peak	-5.58%	-0.55%	-5.03%
Average Drawdown Average peak-to-trough decline	-3.49%	-0.22%	-3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	0.13%	+3.71%

Volatility

MEMX vs. IBID - Volatility Comparison

Matthews Emerging Markets Ex China Active ETF (MEMX) has a higher volatility of 13.33% compared to iShares iBonds Oct 2027 Term TIPS ETF (IBID) at 0.35%. This indicates that MEMX's price experiences larger fluctuations and is considered to be riskier than IBID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEMX	IBID	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.33%	0.35%	+12.98%
Volatility (6M) Calculated over the trailing 6-month period	22.43%	0.86%	+21.57%
Volatility (1Y) Calculated over the trailing 1-year period	24.53%	1.23%	+23.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	2.24%	+15.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.15%	2.24%	+15.91%

MEMX vs. IBID - Expense Ratio Comparison

MEMX has a 0.79% expense ratio, which is higher than IBID's 0.10% expense ratio.

Dividends

MEMX vs. IBID - Dividend Comparison

MEMX's dividend yield for the trailing twelve months is around 3.76%, more than IBID's 3.68% yield.

Position	TTM	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%
MEMX Matthews Emerging Markets Ex China Active ETF	3.76%	4.88%	0.99%	1.13%

Frequently Asked Questions

Can I hold both MEMX and IBID in my portfolio?

MEMX and IBID have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MEMX or IBID?

MEMX has higher volatility (13.33%) compared to IBID (0.35%). In terms of maximum drawdown, MEMX dropped -19.27% vs IBID's -1.28%.

Which ETF is better, MEMX or IBID?

On 1-year performance, MEMX leads with 62.81% vs 3.92% for IBID. On fees, IBID is cheaper at 0.10% per year. On volatility, IBID has been the lower-risk option at 0.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MEMX or IBID?

Over the 1-year period, MEMX has performed better with a 62.81% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MEMX or IBID?

IBID is cheaper with a 0.10% expense ratio, compared with 0.79% for MEMX.

Which ETF pays a higher dividend yield, MEMX or IBID?

MEMX has the higher dividend yield at 3.76%, compared with 3.68% for IBID.

What is the main difference between MEMX and IBID?

MEMX is categorized as Emerging Markets Diversified, while IBID is Inflation-Protected Bonds. They also come from different issuers: Matthews and iShares. Their fees differ too: 0.79% for MEMX and 0.10% for IBID.

Which has better risk-adjusted returns?

IBID currently has the higher Sharpe Ratio (3.19 vs 2.57), 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.