Matthews Emerging Markets ex China Active ETF (MEMX) is a emerging-markets ETF. As of October 9, 2026, ETF Copilot scores MEMX 8.1 out of 10 — highest on Growth (9.4), lowest on Risk (6.1). It trades at 14.2 times earnings, against its own median of 16.1. Its ten largest holdings are 42% of the fund.
What stands out in MEMX's data
Emerging-market stocks outside China, actively chosen.
Trades at a price slightly above the typical emerging-market fund — you pay a touch more for the China-free focus.
Its trailing P/E multiple of 14.2x sits just above the category median of 14.1x, though the fund's own three-year median is 16.4x. It returned 25% annualized over three years.
A focused sleeve that sidesteps China exposure in an emerging-market allocation.
How is MEMX rated? ETF Copilot scores Matthews Emerging Markets ex China Active ETF (MEMX) 8.1 out of 10
As of October 9, 2026, ETF Copilot scores Matthews Emerging Markets ex China Active ETF (MEMX) 8.1 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 8.1 / 10
- Growth: 9.4 / 10
- Value: 7.0 / 10
- Risk: 6.1 / 10
- Quality: 8.3 / 10
- Return: 8.6 / 10
Is MEMX expensive right now? It trades at 14.2 times earnings, against its own median of 16.1
As of October 9, 2026, MEMX is cheaper than 89% of its own last 4 years.
Trailing 12 months, built from MEMX's holdings. How we calculate this →
What's inside MEMX? 48% Tech
What's inside MEMX: Size (Large 66%, Mid 24%, Small 10%); Geography (International 98%, US 2%); Tech 47.6%; AI 7.0%; Semiconductors 27.8%; Memory 29.4%.
What are MEMX's top holdings? The ten largest are 42% of the fund
More concentrated than 65% of Emerging Markets ETFs.
Half of MEMX's weight sits in its 16 largest positions, and once those weights are taken into account it behaves like 31 equally weighted holdings.
What is MEMX's expense ratio? 0.79% a year
As of October 9, 2026, MEMX charges 0.79% a year, yields 1.57% and holds $56M in assets across 74 positions.
| Measure | MEMX |
|---|---|
| Expense ratio | 0.79% |
| Dividend yield | 1.57% |
| Assets under management | $56M |
| Holdings | 74 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Matthews Emerging Markets ex China Active ETF (MEMX) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/memx
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