AFLG vs. MEME

Last updated Aug 2, 2026

AFLG (First Trust Active Factor Large Cap ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. AFLG is passively managed, while MEME is actively managed. Their 0.59 correlation means they have sometimes moved together and sometimes differently. AFLG charges 0.55%/yr vs 0.69%/yr for MEME.

Performance

AFLG vs. MEME - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with AFLG having a 12.83% return and MEME slightly higher at 13.39%.

AFLG

• 1D: 0.50%
• 1M: 1.91%
• 6M: 10.01%
• YTD: 12.83%
• 1Y: 22.02%
• 3Y*: 20.06%
• 5Y*: 12.32%
• 10Y*: —
• ALL TIME*: 13.82%

MEME

• 1D: 0.72%
• 1M: -16.21%
• 6M: -1.26%
• YTD: 13.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AFLG First Trust Active Factor Large Cap ETF	$2.91M	$2.79M	$2.59M
MEME Roundhill Meme Stock ETF	$1.46M	$1.32M	$2.06M

AFLG vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
AFLG First Trust Active Factor Large Cap ETF	12.83%	1.02%
MEME Roundhill Meme Stock ETF	13.39%	-38.00%

Correlation

The correlation between AFLG and MEME is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.59

AFLG vs. MEME - Sectors Allocation Comparison

Sectors	AFLG	MEME
Technology	38.3%	81.9%
Financial Services	9.9%	5.4%
Consumer Cyclical	9.9%	4.1%
Communication Services	9.1%	5.5%
Industrials	8.8%	7.2%
Healthcare	6.9%	6.2%
Energy	4.3%	4.8%
Utilities	3.8%	4.9%
Consumer Defensive	3.3%	-
Basic Materials	3.2%	4.6%
Real Estate	2.5%	-

Return for Risk

AFLG vs. MEME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AFLG

AFLG Risk / Return Rank: 75
AFLG Sharpe Ratio Rank: 75
AFLG Sortino Ratio Rank: 74
AFLG Omega Ratio Rank: 74
AFLG Calmar Ratio Rank: 72
AFLG Martin Ratio Rank: 81

MEME

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AFLG vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Large Cap ETF (AFLG) 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.

	AFLG	MEME	Difference
Sharpe ratio: Return per unit of total volatility	1.71	—	—
Sortino ratio: Return per unit of downside risk	2.39	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	2.51	—	—
Martin ratio: Return relative to average drawdown	10.81	—	—

Drawdowns

AFLG vs. MEME - Drawdown Comparison

The maximum AFLG drawdown since its inception was -35.84%, smaller than the maximum MEME drawdown of -50.08%. Use the drawdown chart below to compare losses from any high point for AFLG and MEME.

Drawdown Indicators

	AFLG	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-35.84%	-50.08%	+14.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.19%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.49%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.48%	—	—
Current Drawdown Current decline from peak	-0.13%	-40.42%	+40.29%
Average Drawdown Average peak-to-trough decline	-5.61%	-29.26%	+23.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	—	—

Volatility

Volatility by Period

	AFLG	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.04%	79.06%	-67.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.86%	79.06%	-63.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	79.06%	-60.00%

AFLG vs. MEME - Expense Ratio Comparison

AFLG has a 0.55% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

AFLG vs. MEME - Dividend Comparison

AFLG's dividend yield for the trailing twelve months is around 0.71%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFLG First Trust Active Factor Large Cap ETF	0.71%	0.84%	0.53%	1.53%	1.52%	0.93%	1.28%	0.20%
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AFLG and MEME in my portfolio?

AFLG and MEME have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AFLG or MEME?

On fees, AFLG is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AFLG or MEME?

AFLG is cheaper with a 0.55% expense ratio, compared with 0.69% for MEME.

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

AFLG has the higher dividend yield at 0.71%, compared with 0.00% for MEME.

What is the main difference between AFLG and MEME?

They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.55% for AFLG and 0.69% for MEME.