MEMX vs LOFF
Comparison between MATTHEWS EMERGING MARKETS EX CHINA ACTIVE ETF (MEMX, ETF) and Direxion Daily SpaceX Bull 2X ETF (LOFF, ETF).
MEMX vs LOFF - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
MEMX
$50M
Winner
LOFF
$51M
Expense Ratio
MEMX
0.79%
LOFF
N/A
Max Drawdown
Winner
MEMX
20.05%
LOFF
70.62%
Sharpe Ratio
Winner
MEMX
1.47
LOFF
-6.48
5Y Beta
Winner
MEMX
0.91
LOFF
4.91
MEMX vs LOFF - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MEMX
-5.45%
LOFF
-45.79%
3M
MEMX
+5.01%
LOFF
N/A
6M
MEMX
+12.88%
LOFF
N/A
1Y
MEMX
+44.58%
LOFF
N/A
Max(CAGR)
Winner
MEMX
+20.72%
LOFF
-100.00%
MEMX vs LOFF - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | MEMX | LOFF |
|---|---|---|
| 2026 | +20.04% | -66.13% |
| 2025 | +35.07% | N/A |
| 2024 | +7.08% | N/A |
| 2023 | +10.50% | N/A |
MEMX vs LOFF Drawdown Comparison
The maximum drawdown for MEMX was -19.25%, occurring on Apr 8, 2025. Recovery took 174 trading sessions.
The maximum drawdown for LOFF was -70.60%, occurring on Jul 22, 2026. This drawdown has not yet recovered.
The current MEMX drawdown is -10.73%. The current LOFF drawdown is -69.14%.
| Rank | MEMX | LOFF |
|---|---|---|
| #1 | -19.25% Sep 26, 2024 - Jun 9, 2025 | -70.60% Jun 16, 2026 - Jul 22, 2026 |
| #2 | -14.70% Feb 25, 2026 - May 5, 2026 | N/A |
| #3 | -12.75% Jun 22, 2026 - Jul 20, 2026 | N/A |
| #4 | -12.20% Jul 31, 2023 - Dec 14, 2023 | N/A |
| #5 | -9.85% Jul 12, 2024 - Sep 24, 2024 | N/A |
| #6 | -9.78% Feb 2, 2023 - Jun 9, 2023 | N/A |
| #7 | -8.71% Jun 2, 2026 - Jun 18, 2026 | N/A |
| #8 | -5.85% May 11, 2026 - May 26, 2026 | N/A |
| #9 | -5.57% Apr 8, 2024 - May 15, 2024 | N/A |
| #10 | -5.09% Nov 3, 2025 - Dec 18, 2025 | N/A |
| #11 | -4.88% Dec 28, 2023 - Feb 7, 2024 | N/A |
| #12 | -3.44% May 20, 2024 - Jun 17, 2024 | N/A |
| #13 | -3.40% Oct 8, 2025 - Oct 16, 2025 | N/A |
| #14 | -3.13% Aug 13, 2025 - Sep 10, 2025 | N/A |
| #15 | -3.13% Jun 15, 2023 - Jul 13, 2023 | N/A |
Correlation
Correlation between MEMX and LOFF is 1.00 which considered as a very strong positive correlation - the stocks move almost identically together.
1.00
-101
Dividend Comparison (2023 - 2026)
MEMX vs LOFF dividend yield comparison.
| Year | MEMX | LOFF |
|---|---|---|
| 2026 | 0.00% | 0.08% |
| 2025 | 4.88% | 0.00% |
| 2024 | 0.99% | 0.00% |
| 2023 | 1.13% | 0.00% |
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