HDG vs MEMS
Comparison between PROSHARES HEDGE REPLICATION ETF (HDG, ETF) and MATTHEWS EMERGING MARKETS DISCOVERY ACTIVE ETF (MEMS, ETF).
HDG vs MEMS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HDG
$22M
Winner
MEMS
$22M
Expense Ratio
HDG
0.95%
Winner
MEMS
0.89%
Max Drawdown
Winner
HDG
15.31%
MEMS
23.29%
Sharpe Ratio
Winner
HDG
1.30
MEMS
0.96
5Y Beta
Winner
HDG
0.32
MEMS
0.81
5Y Dividends CAGR
HDG
106.61%
MEMS
N/A
HDG vs MEMS - Holdings Comparison
HDG and MEMS have 2 common holdings. Overlap is -0.02%
HDG's top 25 holdings weight is 21.14%. MEMS's top 25 holdings weight is 58.49%.
| Rank | HDG | MEMS |
|---|---|---|
| #1 | CTE PROSHARES TRUST M (n/a) - 14.55% | ELITE MATERIAL CO LTD (n/a) - 4.17% |
| #2 | MSCI EAFE INDEX (EFA) SWAP (n/a) - 2.16% | BANDHAN BANK LTD (n/a) - 4.14% |
| #3 | CASH (n/a) - 2.09% | GOLD CIRCUIT ELECTRONICS LTD (n/a) - 4.14% |
| #4 | MSCI EMERGING MARKETS INDEX (EEM) SWAP (n/a) - 0.80% | HUGEL INC (n/a) - 3.56% |
| #5 | S&P 500 INDEX SWAP (n/a) - 0.30% | JP MORGAN US GOVT CAPITAL 3164 (n/a) - 3.38% |
| #6 | U.S. DOLLAR FOR FUTURES (n/a) - 0.17% | LEGEND BIOTECH CORP ADR (LEGN) - 3.31% |
| #7 | BLOOM ENERGY CORP CLASS A (BE) - 0.13% | EUGENE TECHNOLOGY CO LTD (n/a) - 3.13% |
| #8 | CREDO TECHNOLOGY GROUP HOLDING LTD (CRDO) - 0.08% | ASTOR ENERJI AS (n/a) - 3.08% |
| #9 | FABRINET (FN) - 0.07% | HD HYUNDAI (n/a) - 2.76% |
| #10 | NEXTPOWER INC CLASS A (NXT) - 0.07% | ASPEED TECHNOLOGY INC (n/a) - 2.44% |
| #11 | ECHOSTAR CORP CLASS A (SATS) - 0.06% | RADICO KHAITAN LTD (n/a) - 2.27% |
| #12 | HECLA MINING CO (HL) - 0.06% | BHARTI HEXACOM LTD (n/a) - 2.01% |
| #13 | KRATOS DEFENSE & SECURITY SOLUTIONS INC (KTOS) - 0.06% | CARTRADE TECH LTD (n/a) - 1.97% |
| #14 | COEUR MINING INC (CDE) - 0.06% | AURAS TECHNOLOGY CO LTD (n/a) - 1.63% |
| #15 | BRIDGEBIO PHARMA INC (BBIO) - 0.05% | POYA INTERNATIONAL CO LTD (n/a) - 1.63% |
| #16 | MODINE MANUFACTURING CO (MOD) - 0.05% | M31 TECHNOLOGY CORP (n/a) - 1.60% |
| #17 | ADVANCED ENERGY INDUSTRIES INC (AEIS) - 0.05% | YAGEO CORP (n/a) - 1.60% |
| #18 | ENSIGN GROUP INC (ENSG) - 0.05% | PHOENIX MILLS LTD (n/a) - 1.58% |
| #19 | n/a (HASI) - 0.04% | LUNDIN MINING CORP (n/a) - 1.58% |
| #20 | TG THERAPEUTICS INC (TGTX) - 0.04% | ASMPT LTD (n/a) - 1.56% |
| #21 | GENWORTH FINANCIAL INC (GNW) - 0.04% | PIRAEUS BANK SA (n/a) - 1.51% |
| #22 | IRHYTHM HOLDINGS INC (IRTC) - 0.04% | FORTUNE ELECTRIC CO LTD (n/a) - 1.42% |
| #23 | CHAMPION HOMES INC (SKY) - 0.04% | THEON INTERNATIONAL PLC (n/a) - 1.41% |
| #24 | ICU MEDICAL INC (ICUI) - 0.04% | WNC CORP (n/a) - 1.34% |
| #25 | TERAWULF INC (WULF) - 0.04% | n/a (n/a) - 1.27% |
| Total Holdings | 1778 | 82 |
HDG vs MEMS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
HDG
-0.40%
MEMS
-4.58%
3M
HDG
+3.79%
Winner
MEMS
+12.29%
6M
HDG
+5.25%
Winner
MEMS
+18.69%
1Y
HDG
+11.74%
Winner
MEMS
+24.19%
5Y(CAGR)
HDG
+2.76%
MEMS
N/A
10Y(CAGR)
HDG
+3.74%
MEMS
N/A
Max(CAGR)
HDG
+2.86%
Winner
MEMS
+9.34%
HDG vs MEMS - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | HDG | MEMS |
|---|---|---|
| 2026 | +4.84% | +17.38% |
| 2025 | +7.20% | +11.55% |
| 2024 | +5.48% | -5.64% |
| 2023 | +6.75% | N/A |
| 2022 | -8.65% | N/A |
| 2021 | +3.46% | N/A |
| 2020 | +7.08% | N/A |
| 2019 | +9.83% | N/A |
| 2018 | -4.79% | N/A |
| 2017 | +5.32% | N/A |
| 2016 | +2.87% | N/A |
| 2015 | -0.06% | N/A |
| 2014 | +2.04% | N/A |
| 2013 | +3.33% | N/A |
| 2012 | +2.38% | N/A |
| 2011 | -3.01% | N/A |
HDG vs MEMS Drawdown Comparison
The maximum drawdown for HDG was -15.31%, occurring on Sep 29, 2022. Recovery took 722 trading sessions.
The maximum drawdown for MEMS was -22.21%, occurring on Apr 8, 2025. Recovery took 229 trading sessions.
The current HDG drawdown is -1.62%. The current MEMS drawdown is -6.34%.
| Rank | HDG | MEMS |
|---|---|---|
| #1 | -15.31% Nov 8, 2021 - Sep 24, 2024 | -22.21% Oct 7, 2024 - Sep 8, 2025 |
| #2 | -13.76% Feb 14, 2020 - Nov 5, 2020 | -13.05% Feb 25, 2026 - Apr 15, 2026 |
| #3 | -7.83% Jul 21, 2011 - Jan 2, 2013 | -10.19% Mar 1, 2024 - Sep 26, 2024 |
| #4 | -7.82% May 21, 2015 - Feb 15, 2017 | -8.43% Sep 17, 2025 - Jan 26, 2026 |
| #5 | -7.43% Jan 26, 2018 - Oct 21, 2019 | -7.70% May 8, 2026 - May 19, 2026 |
| #6 | -7.20% Feb 18, 2025 - Jul 3, 2025 | -3.14% Jan 28, 2026 - Feb 9, 2026 |
| #7 | -3.97% Feb 25, 2026 - Apr 16, 2026 | -2.82% Jan 12, 2024 - Feb 15, 2024 |
| #8 | -3.78% May 21, 2013 - Sep 18, 2013 | -2.43% Apr 22, 2026 - Apr 24, 2026 |
| #9 | -3.67% Mar 15, 2021 - Nov 5, 2021 | -2.29% Oct 2, 2024 - Oct 7, 2024 |
| #10 | -3.41% Sep 3, 2014 - Feb 4, 2015 | -2.26% Apr 24, 2026 - May 1, 2026 |
| #11 | -2.92% Feb 9, 2021 - Mar 15, 2021 | -1.75% Apr 20, 2026 - Apr 22, 2026 |
| #12 | -2.72% Oct 31, 2013 - Apr 2, 2014 | -1.61% Feb 11, 2026 - Feb 19, 2026 |
| #13 | -2.21% Oct 27, 2025 - Dec 10, 2025 | -1.61% Feb 20, 2026 - Feb 25, 2026 |
| #14 | -1.81% Jan 14, 2021 - Feb 4, 2021 | -1.45% Feb 27, 2024 - Mar 1, 2024 |
| #15 | -1.73% Dec 4, 2024 - Jan 30, 2025 | -1.13% Sep 27, 2024 - Oct 2, 2024 |
Correlation
Correlation between HDG and MEMS is 0.84 which considered as a strong positive correlation - the stocks tend to move together.
0.84
-101
Dividend Comparison (2012 - 2026)
HDG vs MEMS dividend yield comparison.
| Year | HDG | MEMS |
|---|---|---|
| 2026 | 0.51% | 0.00% |
| 2025 | 2.55% | 2.81% |
| 2024 | 3.50% | 1.42% |
| 2023 | 3.48% | 0.00% |
| 2022 | 0.39% | 0.00% |
| 2020 | 0.08% | 0.00% |
| 2019 | 1.09% | 0.00% |
| 2018 | 0.51% | 0.00% |
| 2015 | 0.00% | 0.00% |
| 2012 | 0.13% | 0.00% |
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