MINVvsGMFETF Comparison
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Matthews Asia Innovators Active ETF (MINV) belongs to the EM Awakening segment. State Street SPDR S&P Emerging Asia Pacific ETF (GMF) is part of the EM Blended Cap segment. MINV's top 3 sector exposures are Technology, Industrials and Consumer Non-Cyclicals. In contrast, GMF's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. MINV is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.49% for GMF. MINV is up 38.14% year-to-date (YTD) with +$48M in YTD flows. GMF performs worse with 14.46% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of MINV and GMF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MINV vs GMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MINV GMF | -1.42%+1.11% | -5.11%+3.13% | +38.14%+14.46% | +39.46%+19.09% | +116.92%+68.58% | n/a+37.64% |
| Flows | MINV GMF | +$2M-$8M | +$5M+$24M | +$48M+$2M | +$54M-$12M | -$10M-$77M | --$231M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MINV GMF | +30.62%+18.15% | +28.64%+16.74% | +21.55%+15.24% | n/a+16.04% |
| Max drawdown | MINV GMF | -21.51%-8.05% | -21.51%-11.55% | -21.51%-18.08% | n/a-33.25% |
| Max drawdown duration | MINV GMF | 80d79d | 80d65d | 80d261d | n/a1044d |
Trading data
MINV | GMF | |
Last sale 9/10/2026 at 1:30 PM | $48.12 | $155.36 |
| Previous close 09/09/2026 | $49.10 | $157.86 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MINV
is actively managed and doesn’t replicate an indexMINV | GMF | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 1:30 PM
Live
Closed
MINV | GMF | |
|---|---|---|
| Last price | $48.12 | $155.36 |
| 1D performance | -1.99% | -1.58% |
| AuM | $163.68 M | $437.71 M |
| E/R | 0.79% | 0.49% |
Characteristics
MINV | GMF | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | State Street Investment Management |
| Benchmark | - | S&P Emerging Asia Pacific BMI Index |
| N° of holdings | 55 | 1232 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 13, 2022 | March 20, 2007 |
| ESG | No | No |
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Exposure
Countries
MINV
China
39.24%
Taiwan
19.08%
Republic of Korea
10.18%
India
8.86%
Other
22.64%
GMF
Taiwan
38.52%
China
31.07%
India
20.2%
Other
10.2%
Sectors
MINV
Technology
44.29%
Industrials
13.78%
Other
41.92%
GMF
Technology
41.59%
Finance
18.24%
Consumer Non-Cycl.
7.23%
Non-Energy Materi.
7.22%
Other
25.72%
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Diversification
MINV
Total weight of top 15 holdings out of 15
41.65%
GMF
Total weight of top 15 holdings out of 15
35.09%
Top 15 holdings
Data as of July 31, 2026
MINV
Taiwan Semiconductor Manufacturing Co., Ltd.
4.00%
Contemporary Amperex Technology Co., Ltd.
3.90%
Alibaba Group Holding Ltd.
3.58%
Tencent Holdings Ltd.
3.47%
Midea Group Co. Ltd.
3.13%
NetEase, Inc.
2.99%
Samsung Electronics Co., Ltd.
2.81%
SK hynix, Inc.
2.71%
Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd.
2.69%
Luckin Coffee, Inc.
2.42%
Unimicron Technology Corp.
2.13%
Jiangsu Hengli Hydraulic Co., Ltd.
2.06%
Quanta Computer, Inc.
1.96%
MediaTek, Inc.
1.92%
WNC Corp.
1.88%
GMF
Taiwan Semiconductor Manufacturing Co., Ltd.
11.46%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.74%
Tencent Holdings Ltd.
3.75%
Alibaba Group Holding Ltd.
2.87%
MediaTek, Inc.
1.87%
Hon Hai Precision Industry Co., Ltd.
1.23%
China Construction Bank Corp.
1.22%
Delta Electronics, Inc.
1.07%
Reliance Industries Ltd.
0.96%
HDFC Bank Ltd.
0.94%
ICICI Bank Ltd.
0.92%
ASE Technology Holding Co., Ltd.
0.88%
Industrial & Commercial Bank of China Ltd.
0.84%
Bharti Airtel Ltd.
0.67%
PDD Holdings, Inc.
0.65%
Frequently asked questions about MINV and GMF
How have the MINV and GMF ETFs performed in 2026?
As of September 10, 2026, MINV is up 38.14% year-to-date (YTD), while GMF has returned 14.46%. That puts MINV better performer ahead so far this year.
Which ETF is attracting more investor money: MINV or GMF?
Year-to-date, the MINV ETF saw +$48M in flows, compared to +$2M for GMF.
Which ETF is more volatile: MINV or GMF?
Over the past year, MINV had a volatility of 28.64%, while GMF experienced 16.74%.
Which ETF is bigger: MINV or GMF?
As of September 10, 2026, MINV holds $163.68 M in assets under management (AUM), while GMF manages $437.71 M.
What sectors do the MINV and GMF ETFs invest in?
MINV leans toward sectors like Technology and Industrials. Meanwhile, GMF focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the MINV ETF and GMF ETF?
MINV top holdings include Taiwan Semiconductor Manufacturing Co., Ltd., Contemporary Amperex Technology Co., Ltd. and Alibaba Group Holding Ltd.. GMF holds in its top three: Taiwan Semiconductor Manufacturing Co., Ltd., Taiwan Semiconductor Manufacturing Co., Ltd. and Tencent Holdings Ltd..
Which ETF is more diversified: MINV or GMF?
MINV holds 57 securities with 41.65% of its assets in the top 15. GMF has 1261 securities and a top 15 weight of 35.09%.
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Latest news about MINV & GMF
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