MEMS vs TMNL
Comparison between MATTHEWS EMERGING MARKETS DISCOVERY ACTIVE ETF (MEMS, ETF) and T. ROWE PRICE LONG MUNICIPAL INCOME ETF (TMNL, ETF).
MEMS vs TMNL - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MEMS
$23M
TMNL
$23M
Expense Ratio
MEMS
0.89%
Winner
TMNL
0.26%
Max Drawdown
MEMS
23.29%
Winner
TMNL
3.18%
Sharpe Ratio
Winner
MEMS
1.01
TMNL
0.30
5Y Beta
MEMS
0.82
Winner
TMNL
0.13
MEMS vs TMNL - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MEMS
+1.80%
TMNL
+0.73%
3M
Winner
MEMS
+19.08%
TMNL
+1.60%
6M
Winner
MEMS
+27.11%
TMNL
+2.75%
1Y
MEMS
+25.23%
TMNL
N/A
Max(CAGR)
Winner
MEMS
+11.59%
TMNL
+4.89%
MEMS vs TMNL - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | MEMS | TMNL |
|---|---|---|
| 2026 | +23.51% | +2.28% |
| 2025 | +11.55% | +0.34% |
| 2024 | -5.64% | N/A |
MEMS vs TMNL Drawdown Comparison
The maximum drawdown for MEMS was -22.21%, occurring on Apr 8, 2025. Recovery took 229 trading sessions.
The maximum drawdown for TMNL was -2.94%, occurring on Mar 24, 2026. Recovery took 65 trading sessions.
The current MEMS drawdown is -1.45%. The current TMNL drawdown is -0.18%.
| Rank | MEMS | TMNL |
|---|---|---|
| #1 | -22.21% Oct 7, 2024 - Sep 8, 2025 | -2.94% Feb 26, 2026 - Jun 1, 2026 |
| #2 | -13.05% Feb 25, 2026 - Apr 15, 2026 | -0.56% Nov 26, 2025 - Jan 5, 2026 |
| #3 | -10.19% Mar 1, 2024 - Sep 26, 2024 | -0.54% Jan 14, 2026 - Jan 30, 2026 |
| #4 | -8.43% Sep 17, 2025 - Jan 26, 2026 | -0.44% Jun 4, 2026 - Jun 10, 2026 |
| #5 | -7.70% May 8, 2026 - May 19, 2026 | -0.25% Jan 9, 2026 - Jan 14, 2026 |
| #6 | -3.14% Jan 28, 2026 - Feb 9, 2026 | -0.22% Feb 10, 2026 - Feb 12, 2026 |
| #7 | -2.82% Jan 12, 2024 - Feb 15, 2024 | -0.20% Jun 2, 2026 - Jun 4, 2026 |
| #8 | -2.43% Apr 22, 2026 - Apr 24, 2026 | -0.16% Jan 7, 2026 - Jan 9, 2026 |
| #9 | -2.29% Oct 2, 2024 - Oct 7, 2024 | -0.15% Feb 5, 2026 - Feb 9, 2026 |
| #10 | -2.26% Apr 24, 2026 - May 1, 2026 | -0.08% Feb 2, 2026 - Feb 5, 2026 |
| #11 | -1.75% Apr 20, 2026 - Apr 22, 2026 | -0.08% Feb 24, 2026 - Feb 26, 2026 |
| #12 | -1.61% Feb 11, 2026 - Feb 19, 2026 | -0.05% Nov 20, 2025 - Nov 24, 2025 |
| #13 | -1.61% Feb 20, 2026 - Feb 25, 2026 | -0.03% Feb 17, 2026 - Feb 19, 2026 |
| #14 | -1.45% Feb 27, 2024 - Mar 1, 2024 | -0.01% Feb 19, 2026 - Feb 24, 2026 |
| #15 | -1.13% Sep 27, 2024 - Oct 2, 2024 | N/A |
Correlation
Correlation between MEMS and TMNL is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.
0.93
-101
Dividend Comparison (2024 - 2026)
MEMS vs TMNL dividend yield comparison.
| Year | MEMS | TMNL |
|---|---|---|
| 2026 | 0.00% | 1.74% |
| 2025 | 2.81% | 0.39% |
| 2024 | 1.42% | 0.00% |
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