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EMM vs MEMS

Global X Emerging Markets ex-China ETF

EMMCNYSE Arca

Matthews Emerging Markets Discovery Active ETF MEMS

MEMSDNasdaq

Overlap

1.1%by weight

Expense ratio

EMM −0.23pt a year

EMM0.66%MEMS0.89%

Avg volume · 30D

EMM 6.4×the volume

EMM6.78KMEMS1.07K

EMM vs MEMS Performance

Oct 31, 2025 – Oct 30, 2026

+21.0%EMM+1.6%MEMS

Oct 31, 2025 to Oct 30, 2026. EMM +21.0%. MEMS +1.6%. Use the arrow keys to read each point.−10%10%30%40%Oct 2025Apr 2026Oct 2026
Expense ratio
EMM 0.66%, better
MEMS 0.89%
Fund size
EMM $54M
MEMS $20M
1Y total return
EMM +21.0%, better
MEMS +1.6%
Yield (12M)
EMM 0.82%
MEMS 2.65%, better
Holdings
EMM 48
MEMS 82
Avg volume (30D)
EMM 6.78K sh, better
MEMS 1.07K sh
NAV per share
EMM $40.48
MEMS $28.09
52W range

ETF.net Grade

EMM: Cost 68, Risk 43, Mission 100, Tradability 45, Holdings 26, Durability 77. MEMS: Cost 17, Risk 46, Mission not scored, Tradability 28, Holdings 78, Durability 47.
Pillar letters and Scores for EMM, MEMS, with each pillar’s weight
PillarEMMMEMS
Cost30% weightB68HigherF17
Mission25% weightA100Not scored
Risk15% weightC43C46Higher
Tradability15% weightC45HigherD28
Holdings10% weightD26A78Higher
Durability5% weightA77HigherC47

Rank among Emerging Markets Active Growth funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. EMM and MEMS are both graded against the same 9 Emerging Markets Active Growth funds, so their Grades compare head to head.

Emerging Markets Active Growth⁠

Category · 9 funds
See all 9 ›

EMM ranks 3rd and MEMS 8th of 9 funds in the Emerging Markets Active Growth Category.

  1. Rank 1ACGNGCapital Group New Geography Equity ETFScore 77
  2. Rank 2AFFEMFidelity Fundamental Emerging Markets ETFScore 74
  3. Rank 3CEMMGlobal X Emerging Markets ex-China ETFScore 53
  4. Rank 4CPEMXPutnam Emerging Markets Ex-China ETFScore 47
  5. Rank 7DWCMEFirst Trust WCM Developing World Equity ETFScore 36
  6. Rank 8DMEMSMatthews Emerging Markets Discovery Active ETF MEMSScore 34
  7. Rank 9DTEMXTouchstone Capital Emerging Markets Ex China Growth ETFScore 31

Our read on each fund

ETF.net Research

EMMCGlobal X Emerging Markets ex-China ETF

MEMSDMatthews Emerging Markets Discovery Active ETF MEMS

In short

EMM Emerging markets with China cut out and no index to hide behind. Global X hands part of the stock picking to Mirae Asset's Hong Kong team, which runs a roughly 40-name book of would-be market leaders at a price below the active ex-China competition.

MEMS Most emerging-markets funds are a bet on a handful of giants. MEMS shops the other end of the shelf: an active portfolio with at least 65% in small emerging-market companies, at 0.89% net of a waiver through April 30, 2027.

Stated mandate

EMM The fund seeks long-term capital growth by actively selecting emerging-market companies outside China that may achieve or maintain dominant positions in their markets, with emphasis on early winners in growing industries.

MEMS The fund invests primarily in stocks of small companies located in emerging-market countries, with at least 65% of net assets in small companies and at least 80% in emerging-market companies.

Why people hold it

  • EMM 0.66% expense ratio undercuts the active ex-China field, including PEMX at 0.70% and WCME at 0.95%.
  • Part of the stock picking sits with Mirae Asset Global Investments (Hong Kong), an Asia-based sub-adviser hunting early winners in growing industries.globalxetfs.com
  • Portfolio matches the label: roughly 40 emerging-market names, China excluded, picked for dominant positions in their markets rather than index weight.globalxetfs.com
  • Trading since 2010, with a real record behind it, and one of the stronger implementations among active ex-China peers.
  • MEMS The small-cap tilt is contractual: at least 65% of net assets in small companies, at least 80% in emerging-market companies, measured against the MSCI EM Small Cap benchmark.sec.govmatthewsasia.com
  • Matthews hunts capital-efficient, entrepreneurial companies with pricing power or differentiated technology, leaning toward businesses that serve rising domestic demand.matthewsasia.com
  • Portfolio build is the strongest part of the package: dozens of small-cap names spread across emerging markets instead of a few oversized bets.matthewsasia.com

Worth knowing

  • EMM A smaller fund that trades lightly. Wider spreads come with the territory, and order type matters more here than in a giant EM index fund.
  • Roughly 40 active picks means results can drift well away from broad EM benchmarks, in either direction, and single names carry real weight.
  • Built for growth, not income: distributions land once or twice a year, and China's market is off the menu by design.
  • MEMS At 0.89% net of a waiver through April 30, 2027 (0.99% gross), it prices above the category median; active EM peers FFEM (0.60%) and CGNG (0.64%) charge less.
  • A small, lightly traded fund since its January 2024 launch, so spreads can be wide and limit orders do real work.
  • Distributions land once or twice a year, not monthly, and EM small caps stack currency and local-market swings on top of ordinary emerging-market risk.

Full EMM profile⁠

Full MEMS profile⁠

EMM vs MEMS Holdings

As of

How EMM and MEMS differ

Overlap by weight

1.1%

Shared holdings make up 1.2% of EMM and 1.1% of MEMS.

Level by level

  • Holdings1 in both1.1%
  • Sector11 Sectors69.0%
  • Countryby domicile69.5%
  • Asset classEquity100%

Sector

Sector weights in EMM and MEMS, widest gap first
SectorMore in EMMMore in MEMS
TechnologyEMM +20.1 points
IndustrialsMEMS +11.0 points
Consumer DiscretionaryMEMS +9.9 points
Health CareMEMS +7.1 points
FinancialsEMM +7.0 points
EnergyEMM +2.3 points
Real EstateMEMS +1.7 points
Consumer StaplesMEMS +1.4 points
UtilitiesEMM +1.3 points
MaterialsEMM +0.4 points
CommunicationSame weight

Country, concentration and asset class

Country by domicile

Country weights in EMM and MEMS, widest gap first
CountryMore in EMMMore in MEMS
South KoreaEMM +13.2 points
ChinaMEMS +9.5 points
TaiwanEMM +9.2 points
IndiaMEMS +6.1 points
United StatesMEMS +4.4 points
VietnamMEMS +3.2 points
MexicoEMM +2.4 points
BrazilEMM +2.4 points
Other countries (11)MEMS +4.0 points

Outside the US: EMM 2% developed, 98% emerging. MEMS 5% developed, 95% emerging.

Concentration

Weight in the 10 largest Holdings

  • EMM66.2%
  • MEMS30.8%

Securities held

  • EMM44
  • MEMS81

Asset class

EMM
Equity
MEMS
Equity

Holdings

  • Only in EMM43
  • In both1
  • Only in MEMS80

Only in EMM

43 securities, 97.4% of EMM by weight

  • Taiwan Semiconductor Manufac16.81%
  • Global X India Active Etf16.22%
  • Global X Brazil Active Etf7.50%

Only in MEMS

80 securities, 88.8% of MEMS by weight

  • Legend Biotech Corp. Adr2.79%
  • Aspeed Technology, Inc.2.75%
  • Hugel, Inc.2.43%

Weight gaps

All 1 Holdings in both funds, largest gap first.

Holding weights in EMM and MEMS, widest gap first
HoldingMore in EMMMore in MEMS
Alchip Technologies LtdEMM +0.10 points

All 43 EMM holdings⁠All MEMS holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EMM vs MEMS Cost

Overpaying MEMS vs EMM

$3,976

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EMM 0.66%

    $12,896

  • MEMS 0.89%

    $16,872

$10,000
30 years

Cost over time

  • EMM 0.66%
  • MEMS 0.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530MEMS $16,872EMM $12,896

Year by year

YearEMMMEMSOverpaying
10$1,180$1,576$396
20$4,504$5,953$1,449
30$12,896$16,872$3,976

Expense ratio

  • 0.66%EMM, cheaper
  • 0.89%MEMS
  • Middle half of Emerging Markets Active Growth funds
  • Median 0.79%

EMM 3rd cheapest of 9 funds

MEMS 8th cheapest of 9 funds

EMM vs MEMS Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
EMM 0.82%
MEMS 2.65%, better
Payout (12M)
EMM $0.33
MEMS $0.72
Last payment
EMM $0.12
MEMS $0.72
Ex-dividend
EMM Jun 29, 2026
MEMS Dec 17, 2025
Paid on
EMM Jul 7, 2026
MEMS Dec 22, 2025
Frequency
EMM Twice a year
MEMS Irregular

Distribution history

Per share, 2023 to 2026, same scale for both

EMMTwice a year · 6 paymentsAll EMM payments⁠
One bar per payment. 6 payments from 2023 to 2026 YTD. Dec 28, 2023 $0.17; Jun 27, 2024 $0.08; Dec 30, 2024 $0.13; Jun 27, 2025 $0.11; Dec 30, 2025 $0.20; Jun 29, 2026 $0.12. Use the arrow keys to read each point.$0$0.5020232026YTD
MEMSIrregular · 2 paymentsAll MEMS payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Dec 18, 2024 $0.33; Dec 17, 2025 $0.72. Use the arrow keys to read each point.$0$0.5020232026YTD

EMM vs MEMS Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
EMM 19.9%MEMS 17.6%since Feb 2024
Return per unit of riskSharpe ratio, 3 years
EMM 0.81MEMS 0.07since Feb 2024
Worst fallMax drawdown, 5 years
EMM −22.0%since May 2023MEMS −22.2%since Jan 2024
Market sensitivityBeta, 5 years
EMM 1.18MEMS 0.75

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