AFGR vs. MEME

Last updated Jun 13, 2026

AFGR (First Trust Active Factor Large Cap Growth ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.53 correlation means they provide meaningful diversification when combined. AFGR charges 0.65%/yr vs 0.69%/yr for MEME.

Performance

AFGR vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Active Factor Large Cap Growth ETF (AFGR) and Roundhill Meme Stock ETF (MEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AFGR achieves a 1.90% return, which is significantly lower than MEME's 57.74% return.

AFGR

• 1D: 0.27%
• 1M: 0.10%
• YTD: 1.90%
• 6M: 1.80%
• 1Y: 12.07%
• 3Y*: 19.38%
• 5Y*: 7.22%
• 10Y*: —

MEME

• 1D: -4.02%
• 1M: -5.23%
• YTD: 57.74%
• 6M: 50.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AFGR vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
AFGR First Trust Active Factor Large Cap Growth ETF	1.90%	-2.35%
MEME Roundhill Meme Stock ETF	57.74%	-38.00%

Correlation

The correlation between AFGR and MEME is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.53

Return for Risk

AFGR vs. MEME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AFGR

AFGR Risk / Return Rank: 19
AFGR Sharpe Ratio Rank: 21
AFGR Sortino Ratio Rank: 20
AFGR Omega Ratio Rank: 20
AFGR Calmar Ratio Rank: 17
AFGR Martin Ratio Rank: 18

MEME

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AFGR vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Large Cap Growth ETF (AFGR) and Roundhill Meme Stock ETF (MEME). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AFGR	MEME	Difference
Sharpe ratio: Return per unit of total volatility	0.65	—	—
Sortino ratio: Return per unit of downside risk	0.99	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.61	—	—
Martin ratio: Return relative to average drawdown	1.74	—	—

Drawdowns

AFGR vs. MEME - Drawdown Comparison

The maximum AFGR drawdown since its inception was -45.97%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for AFGR and MEME.

Drawdown Indicators

	AFGR	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-45.97%	-48.78%	+2.81%
Max Drawdown (1Y) Largest decline over 1 year	-19.89%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.97%	—	—
Current Drawdown Current decline from peak	-4.84%	-17.12%	+12.28%
Average Drawdown Average peak-to-trough decline	-14.30%	-29.13%	+14.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.94%	—	—

Volatility

Volatility by Period

	AFGR	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.53%	75.49%	-56.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.97%	75.49%	-50.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.52%	75.49%	-50.97%

AFGR vs. MEME - Expense Ratio Comparison

AFGR has a 0.65% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

AFGR vs. MEME - Dividend Comparison

Neither AFGR nor MEME has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AFGR First Trust Active Factor Large Cap Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.25%
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFGR and MEME in my portfolio?

AFGR and MEME have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFGR or MEME?

On fees, AFGR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFGR or MEME?

AFGR is cheaper with a 0.65% expense ratio, compared with 0.69% for MEME.

Which ETF pays a higher dividend yield, AFGR or MEME?

AFGR and MEME have nearly identical dividend yields, around 0.00%.

What is the main difference between AFGR and MEME?

They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.65% for AFGR and 0.69% for MEME.