Matthews Emerging Markets ex China Active ETF MEMX
$46.78−0.55 (−1.17%)
- 0.79%
- $56M
- +43.3%
- 3.86%
- 0M sh
- $47.91
- low $35.02high $51.52
The ETF.net MEMX Grade
D
Score 32 out of 100
- 22 of 28
Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F24 out of 100Rank 20 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D39 out of 100Rank 22 of 28Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D25 out of 100Rank 22 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 13 of 26Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C44 out of 100Rank 20 of 28
Our read on MEMX
DMost emerging-markets funds come with China baked in. MEMX takes it out by charter, putting at least 80% of assets in emerging-market stocks outside China and handing the picks to active managers at Asia specialist Matthews.
The fund seeks its objective by investing at least 80% of net assets in common and preferred stocks of companies located in emerging-market countries other than China.
Why people hold it
- The China carve-out is written into the prospectus: at least 80% of net assets in common and preferred stocks of emerging-market companies outside China.
- Active by design. Managers choose the holdings rather than replicate the MSCI Emerging Markets ex China Index, which serves as the yardstick.
- Run by Matthews Asia, a boutique built around Asia and emerging markets, not a broad-lineup shop filling a hole in its menu. Launched in 2023.
Worth knowing
- 0.79% a year sits above the roughly 0.65% median for active EM peers, and far above index-based ex-China options such as AVXC at 0.33%.
- Thinly traded and modest in size, so spreads and order type matter more here than in the category's largest funds.
- Leaving China out cuts both ways: returns can drift a long way from a standard emerging-markets fund in either direction.
MEMX Holdings
- Stocks
- 80
- 42%
- 005930.KS
Sectors
- Technology47.9%
- Financials23.3%
- Industrials7.9%
- Consumer Discretionary7.6%
- Materials4.3%
- Health Care2.4%
- Energy1.8%
- Communication1.7%
- Consumer Staples1.2%
- Utilities1.1%
- Real Estate0.9%
Geography
- South Korea30.27%
- Taiwan27.86%
- India10.46%
- Brazil6.29%
- South Africa4.87%
- Peru2.64%
- Vietnam2.33%
- Philippines2.18%
- 13.09%
Developed 2% · Emerging 98%
MEMX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MEMX$14,326
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MEMX |
|---|---|
| Year to date | +26.5% |
| 1 month | −3.0% |
| 3 months | −1.5% |
| 1 year | +43.3% |
| 3 years | +26.0% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MEMX |
|---|---|---|
| 2026 YTD | +26.5% | |
| 2025 | +35.7% | |
| 2024 | +5.5% | |
| 2023 | +10.5% |
MEMX in the news
MEMX Dividends
- 3.86%
- $1.83
- $1.83 per share
- Annual
Distribution history
MEMX Risk
- 18.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.14
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MEMX Cost
0.79%
MEMX0.79%
- The middle half of Emerging Markets Active Equity funds
- Median 0.65%
19 of the 27 Emerging Markets Active Equity funds charge less.
Other funds in Emerging Markets Active Equity
- CVEMVirtus Emerging Markets Dividend ETFExpense ratio 0.49%1 year return —
- DEPEMHarbor Emerging Markets Equity ETF (EPEM)Expense ratio 0.84%1 year return +44.4%
- DMEMMatthews Emerging Markets Equity Active ETFExpense ratio 0.79%1 year return +26.6%
- DAGEMabrdn Emerging Markets Dividend Active ETFExpense ratio 1.18%1 year return +34.6%
- DEMEQNomura Focused Emerging Markets Equity ETFExpense ratio 0.85%1 year return +82.8%