NTSE vs. MEMX
NTSE (WisdomTree Emerging Markets Efficient Core Fund) and MEMX (Matthews Emerging Markets Ex China Active ETF) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while MEMX is a Emerging Markets Equities fund actively managed by Matthews. Both are actively managed. Over the past 3 years, NTSE returned 19.12%/yr vs 20.99%/yr for MEMX. Their correlation of 0.83 means they have usually moved in the same direction. NTSE charges 0.38%/yr vs 0.79%/yr for MEMX.
Performance
NTSE vs. MEMX - Performance Comparison
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Returns By Period
In the year-to-date period, NTSE achieves a 18.97% return, which is significantly lower than MEMX's 20.25% return.
NTSE
- 1D
- 0.55%
- 1M
- -3.59%
- 6M
- 9.15%
- YTD
- 18.97%
- 1Y
- 38.15%
- 3Y*
- 19.12%
- 5Y*
- 5.52%
- 10Y*
- —
- ALL TIME*
- 5.00%
MEMX
- 1D
- 0.27%
- 1M
- -5.81%
- 6M
- 10.01%
- YTD
- 20.25%
- 1Y
- 45.59%
- 3Y*
- 20.99%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 20.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $126.06K | $154.77K | $150.51K | |
| $109.22K | $173.02K | $189.56K |
NTSE vs. MEMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 18.97% | 36.29% | 4.42% | 1.36% |
MEMX Matthews Emerging Markets Ex China Active ETF | 20.25% | 35.88% | 5.50% | 11.33% |
Correlation
The correlation between NTSE and MEMX is 0.92, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.92 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2023 | 0.83 |
The correlation between NTSE and MEMX has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.
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Return for Risk
NTSE vs. MEMX — Risk / Return Rank
NTSE
MEMX
NTSE vs. MEMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) and Matthews Emerging Markets Ex China Active ETF (MEMX). 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.
| NTSE | MEMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.31 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 2.68 | -0.11 |
| Martin ratioReturn relative to average drawdown | 7.95 | 9.02 | -1.08 |
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Drawdowns
NTSE vs. MEMX - Drawdown Comparison
The maximum NTSE drawdown since its inception was -42.84%, which is greater than MEMX's maximum drawdown of -19.27%. Use the drawdown chart below to compare losses from any high point for NTSE and MEMX.
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Drawdown Indicators
| NTSE | MEMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -19.27% | -23.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.83% | -16.84% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -19.27% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | — | — |
Current DrawdownCurrent decline from peak | -11.04% | -12.57% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -19.33% | -3.66% | -15.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 4.99% | -0.20% |
Volatility
NTSE vs. MEMX - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Efficient Core Fund (NTSE) is 8.99%, while Matthews Emerging Markets Ex China Active ETF (MEMX) has a volatility of 9.83%. This indicates that NTSE experiences smaller price fluctuations and is considered to be less risky than MEMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTSE | MEMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.99% | 9.83% | -0.84% |
Volatility (6M)Calculated over the trailing 6-month period | 22.97% | 24.48% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 26.49% | -1.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.22% | 18.76% | +1.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.03% | 18.76% | +1.27% |
NTSE vs. MEMX - Expense Ratio Comparison
NTSE has a 0.38% expense ratio, which is lower than MEMX's 0.79% expense ratio.
Dividends
NTSE vs. MEMX - Dividend Comparison
NTSE's dividend yield for the trailing twelve months is around 2.76%, less than MEMX's 4.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MEMX Matthews Emerging Markets Ex China Active ETF | 4.06% | 4.88% | 0.99% | 1.13% | 0.00% | 0.00% |
NTSE WisdomTree Emerging Markets Efficient Core Fund | 2.76% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% |
Frequently Asked Questions
With a correlation of 0.92, NTSE and MEMX 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 (9.83%) compared to NTSE (8.99%). In terms of maximum drawdown, NTSE dropped -42.84% vs MEMX's -19.27%.
On 3-year performance, MEMX leads with 20.99% vs 19.12% for NTSE. On fees, NTSE is cheaper at 0.38% per year. On volatility, NTSE has been the lower-risk option at 8.99%. 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 20.99% return vs 19.12%. 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 4.06%, compared with 2.76% for NTSE.
NTSE is categorized as Diversified Portfolio, while MEMX is Emerging Markets Equities. They also come from different issuers: WisdomTree and Matthews. Their fees differ too: 0.38% for NTSE and 0.79% for MEMX.
MEMX currently has the higher Sharpe Ratio (1.70 vs 1.52), 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.
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