MEMX vs. SGRT

Last updated Jun 24, 2026

MEMX (Matthews Emerging Markets Ex China Active ETF) and SGRT (SMART Earnings Growth 30 ETF) are both exchange-traded funds - MEMX is a Emerging Markets Diversified fund actively managed by Matthews, while SGRT is a Large Cap Growth Equities fund. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. MEMX charges 0.79%/yr vs 0.59%/yr for SGRT.

Performance

MEMX vs. SGRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews Emerging Markets Ex China Active ETF (MEMX) and SMART Earnings Growth 30 ETF (SGRT). 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 lower than SGRT's 45.10% return.

MEMX

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

SGRT

• 1D: -5.57%
• 1M: 3.81%
• YTD: 45.10%
• 6M: 41.12%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEMX vs. SGRT - Yearly Performance Comparison

	2026 (YTD)	2025
MEMX Matthews Emerging Markets Ex China Active ETF	29.86%	18.23%
SGRT SMART Earnings Growth 30 ETF	45.10%	26.83%

Correlation

The correlation between MEMX and SGRT is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 20, 2025	0.72

Return for Risk

MEMX vs. SGRT — 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

SGRT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SGRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews Emerging Markets Ex China Active ETF (MEMX) and SMART Earnings Growth 30 ETF (SGRT). 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	SGRT	Difference
Sharpe ratio: Return per unit of total volatility	2.57	—	—
Sortino ratio: Return per unit of downside risk	3.17	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	4.30	—	—
Martin ratio: Return relative to average drawdown	16.40	—	—

Drawdowns

MEMX vs. SGRT - Drawdown Comparison

The maximum MEMX drawdown since its inception was -19.27%, which is greater than SGRT's maximum drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for MEMX and SGRT.

Drawdown Indicators

	MEMX	SGRT	Difference
Max Drawdown Largest peak-to-trough decline	-19.27%	-17.87%	-1.40%
Max Drawdown (1Y) Largest decline over 1 year	-14.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.27%	—	—
Current Drawdown Current decline from peak	-5.58%	-5.57%	-0.01%
Average Drawdown Average peak-to-trough decline	-3.49%	-3.22%	-0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	—	—

Volatility

Volatility by Period

	MEMX	SGRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.53%	35.41%	-10.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.15%	35.41%	-17.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.15%	35.41%	-17.26%

MEMX vs. SGRT - Expense Ratio Comparison

MEMX has a 0.79% expense ratio, which is higher than SGRT's 0.59% expense ratio.

Dividends

MEMX vs. SGRT - Dividend Comparison

MEMX's dividend yield for the trailing twelve months is around 3.76%, more than SGRT's 0.11% yield.

Position	TTM	2025	2024	2023
MEMX Matthews Emerging Markets Ex China Active ETF	3.76%	4.88%	0.99%	1.13%
SGRT SMART Earnings Growth 30 ETF	0.11%	0.16%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEMX and SGRT in my portfolio?

MEMX and SGRT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEMX or SGRT?

On fees, SGRT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEMX or SGRT?

SGRT is cheaper with a 0.59% expense ratio, compared with 0.79% for MEMX.

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

MEMX has the higher dividend yield at 3.76%, compared with 0.11% for SGRT.

What is the main difference between MEMX and SGRT?

MEMX is categorized as Emerging Markets Diversified, while SGRT is Large Cap Growth Equities. Their fees differ too: 0.79% for MEMX and 0.59% for SGRT.