MEMX vs. NTSE
MEMX (Matthews Emerging Markets Ex China Active ETF) and NTSE (WisdomTree Emerging Markets Efficient Core Fund) are both exchange-traded funds - MEMX is a Emerging Markets Diversified fund actively managed by Matthews, while NTSE is a Diversified Portfolio fund actively managed by WisdomTree. Both are actively managed. Over the past 3 years, MEMX returned 28.01%/yr vs 25.59%/yr for NTSE. Their correlation of 0.82 suggests significant overlap in exposure. MEMX charges 0.79%/yr vs 0.38%/yr for NTSE.
Performance
MEMX vs. NTSE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MEMX achieves a 37.54% return, which is significantly higher than NTSE's 33.74% return.
MEMX
- 1D
- 0.22%
- 1M
- 9.62%
- YTD
- 37.54%
- 6M
- 41.09%
- 1Y
- 73.16%
- 3Y*
- 28.01%
- 5Y*
- —
- 10Y*
- —
NTSE
- 1D
- 0.09%
- 1M
- 9.06%
- YTD
- 33.74%
- 6M
- 36.20%
- 1Y
- 62.23%
- 3Y*
- 25.59%
- 5Y*
- 7.15%
- 10Y*
- —
MEMX vs. NTSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 37.54% | 35.88% | 5.50% | 11.33% |
NTSE WisdomTree Emerging Markets Efficient Core Fund | 33.74% | 36.29% | 4.42% | 1.36% |
Correlation
The correlation between MEMX and NTSE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023 | 0.82 |
The correlation between MEMX and NTSE has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MEMX vs. NTSE — Risk / Return Rank
MEMX
NTSE
MEMX vs. NTSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Ex China Active ETF (MEMX) and WisdomTree Emerging Markets Efficient Core Fund (NTSE). 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 | NTSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.51 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.00 | 4.41 | +0.60 |
| Martin ratioReturn relative to average drawdown | 19.19 | 16.28 | +2.90 |
Loading charts...
Drawdowns
MEMX vs. NTSE - Drawdown Comparison
The maximum MEMX drawdown since its inception was -19.27%, smaller than the maximum NTSE drawdown of -42.84%. Use the drawdown chart below to compare losses from any high point for MEMX and NTSE.
Loading charts...
Drawdown Indicators
| MEMX | NTSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.27% | -42.84% | +23.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.70% | -14.20% | -0.50% |
Max Drawdown (3Y)Largest decline over 3 years | -19.27% | -18.73% | -0.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.65% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.48% | -19.58% | +16.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.83% | 3.83% | 0.00% |
Volatility
MEMX vs. NTSE - Volatility Comparison
Matthews Emerging Markets Ex China Active ETF (MEMX) has a higher volatility of 11.89% compared to WisdomTree Emerging Markets Efficient Core Fund (NTSE) at 11.30%. This indicates that MEMX's price experiences larger fluctuations and is considered to be riskier than NTSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MEMX | NTSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.89% | 11.30% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 21.63% | 20.63% | +1.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.88% | 22.84% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.90% | 19.75% | -1.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.90% | 19.64% | -1.74% |
MEMX vs. NTSE - Expense Ratio Comparison
MEMX has a 0.79% expense ratio, which is higher than NTSE's 0.38% expense ratio.
Dividends
MEMX vs. NTSE - Dividend Comparison
MEMX's dividend yield for the trailing twelve months is around 3.55%, more than NTSE's 2.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 3.55% | 4.88% | 0.99% | 1.13% | 0.00% | 0.00% |
NTSE WisdomTree Emerging Markets Efficient Core Fund | 2.48% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% |
Frequently Asked Questions
With a correlation of 0.90, MEMX and NTSE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MEMX has higher volatility (11.89%) compared to NTSE (11.30%). In terms of maximum drawdown, MEMX dropped -19.27% vs NTSE's -42.84%.
On 3-year performance, MEMX leads with 28.01% vs 25.59% for NTSE. On fees, NTSE is cheaper at 0.38% per year. On volatility, NTSE has been the lower-risk option at 11.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MEMX has performed better with a 28.01% return vs 25.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSE is cheaper with a 0.38% expense ratio, compared with 0.79% for MEMX.
MEMX has the higher dividend yield at 3.55%, compared with 2.48% for NTSE.
MEMX is categorized as Emerging Markets Diversified, while NTSE is Diversified Portfolio. They also come from different issuers: Matthews and WisdomTree. Their fees differ too: 0.79% for MEMX and 0.38% for NTSE.
MEMX currently has the higher Sharpe Ratio (3.09 vs 2.74), 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.
Find the right allocation for MEMX and NTSE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer