MAYBANK EMERGING ETF (MEM) Performance
MEM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.8% since Dec 31, 2025
- 1 year
- +11.6% total return
- 3 years
- +20.5% a year
- Since first price
- +14.4% a year since 2022
MEM trailing returns vs SPY, QQQ, AGG
| Period | MEM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.5% | −10.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −7.0% | −7.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.9% | −2.9% | +7.8% | +8.4% | −1.5% |
| YTD | +10.8% | +10.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.6% | +7.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +75.0%+20.5%/yr | +56.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 13, 2022 | +77.9%+14.4%/yr | +58.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MEM vs SPY
From Jul 13, 2022: MEM grew to $17,789, SPY to $21,216.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MEM returns by calendar year
3 of 3 full years positive. Best 2025 (+28.3%), worst 2023 (+6.9%). 2026 is year to date.
MEM annual returns table
| Year | MEM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.8% | −16.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +28.3% | −14.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.1% | −10.6% | +24.9% | +25.6% | +1.3% |
| 2023 | +6.9% | −14.4% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MEM largest drawdowns
Now 16.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 7, 2024 | −19.1% | Apr 8, 2025 | Jun 24, 2025 | 6 months | 9 months |
| Jun 22, 2026 | −16.6% | Oct 22, 2026 | not yet | 4 months | 4 months so far |
| Feb 25, 2026 | −14.6% | Mar 30, 2026 | Apr 30, 2026 | 33 days | 2 months |
| Jan 26, 2023 | −14.4% | Oct 31, 2023 | Mar 12, 2024 | 9 months | 1.1 years |
| Aug 12, 2022 | −13.8% | Oct 14, 2022 | Nov 30, 2022 | 2 months | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MEM risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +22.7% | +15.9% |
| Volatility (annualized) | 16.6% | 17.9% |
| Sharpe ratio | 1.06 | 0.68 |
| Sortino ratio | 2.00 | 1.20 |
| Best month | +14.0% | +14.2% |
| Worst month | −9.9% | −9.9% |
| Best 12 months | +54.2% | +54.2% |
| Worst 12 months | +7.1% | −5.1% |
| Positive months | 64% | 58% |
| Beta vs S&P 500 | 0.93 | — |
| Correlation with S&P 500 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MEM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 40 | −5.1% | +13.1% | +54.2% | 95% |
| 3-year (a year) | 16 | +10.3% | +18.3% | +24.1% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
MEM performance overview
MAYBANK EMERGING ETF (MEM) returned +11.6% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +14.4% a year, turning $10,000 into about $17,789. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.1%, from Oct 7, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. MEM finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+28.3%) and the worst 2023 (+6.9%). Volatility has been 17.9% a year.
Related: MEM chart, MEM holdings, MEM dividends. See the MEM overview for the latest quote and fund facts.
MEM performance FAQ
What is the MEM return over the past year?
MEM returned +11.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 7.7%.
How much would $10,000 invested in MEM be worth?
$10,000 invested in MEM at its first recorded close on July 13, 2022 would be worth about $17,789 on October 23, 2026 with distributions reinvested.
What was the worst year for MEM?
The worst calendar year was 2023, with a total return of +6.9%. The best was 2025 at +28.3%.
What is the biggest drawdown of MEM?
The largest peak-to-trough decline was −19.1% between October 7, 2024 and April 8, 2025. It recovered to the old high on June 24, 2025, 3 months after the bottom.
How volatile is MEM?
Over the past 3 years MEM had an annualized volatility of 16.6% and a Sharpe ratio of 1.06 (excess return over 1–3 month T-bills per unit of risk).