BELT vs. MEME

Last updated Aug 2, 2026

BELT (iShares U.S. Select Equity Active ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their 0.65 correlation means they have sometimes moved together and sometimes differently. BELT charges 0.75%/yr vs 0.69%/yr for MEME.

Performance

BELT vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Select Equity Active ETF (BELT) 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, BELT achieves a 14.68% return, which is significantly higher than MEME's 13.39% return.

BELT

• 1D: 2.63%
• 1M: -1.81%
• 6M: 11.93%
• YTD: 14.68%
• 1Y: 18.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.75%

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)
BELT iShares U.S. Select Equity Active ETF	$26.56K	$31.09K	$73.23K
MEME Roundhill Meme Stock ETF	$1.46M	$1.32M	$2.06M

BELT vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
BELT iShares U.S. Select Equity Active ETF	14.68%	0.64%
MEME Roundhill Meme Stock ETF	13.39%	-38.00%

Correlation

The correlation between BELT and MEME is 0.65, 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	0.65

BELT vs. MEME - Sectors Allocation Comparison

Sectors	BELT	MEME
Technology	37.0%	81.9%
Industrials	27.2%	7.2%
Communication Services	12.5%	5.5%
Financial Services	12.3%	5.4%
Consumer Cyclical	11.1%	4.1%
Healthcare	0.4%	6.2%
Consumer Defensive	0.2%	-
Energy	0.2%	4.8%
Utilities	0.1%	4.9%
Real Estate	0.1%	-
Basic Materials	0.1%	4.6%

Return for Risk

BELT vs. MEME — Risk / Return Rank

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

BELT

BELT Risk / Return Rank: 37
BELT Sharpe Ratio Rank: 34
BELT Sortino Ratio Rank: 34
BELT Omega Ratio Rank: 32
BELT Calmar Ratio Rank: 40
BELT Martin Ratio Rank: 45

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.

BELT vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Select Equity Active ETF (BELT) 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.

	BELT	MEME	Difference
Sharpe ratio: Return per unit of total volatility	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.29	—	—
Omega ratio: Gain probability vs. loss probability	1.15	—	—
Calmar ratio: Return relative to maximum drawdown	1.42	—	—
Martin ratio: Return relative to average drawdown	5.07	—	—

Drawdowns

BELT vs. MEME - Drawdown Comparison

The maximum BELT drawdown since its inception was -23.05%, smaller than the maximum MEME drawdown of -50.08%. Use the drawdown chart below to compare losses from any high point for BELT and MEME.

Drawdown Indicators

	BELT	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-23.05%	-50.08%	+27.03%
Max Drawdown (1Y) Largest decline over 1 year	-11.47%	—	—
Current Drawdown Current decline from peak	-4.30%	-40.42%	+36.12%
Average Drawdown Average peak-to-trough decline	-3.48%	-29.26%	+25.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	—	—

Volatility

Volatility by Period

	BELT	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	79.06%	-59.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.55%	79.06%	-57.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.55%	79.06%	-57.51%

BELT vs. MEME - Expense Ratio Comparison

BELT has a 0.75% expense ratio, which is higher than MEME's 0.69% expense ratio.

Dividends

BELT vs. MEME - Dividend Comparison

BELT's dividend yield for the trailing twelve months is around 0.02%, while MEME has not paid dividends to shareholders.

Position	TTM
BELT iShares U.S. Select Equity Active ETF	0.02%
MEME Roundhill Meme Stock ETF	0.00%

Frequently Asked Questions

Can I hold both BELT and MEME in my portfolio?

BELT and MEME have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BELT or MEME?

On fees, MEME is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BELT or MEME?

MEME is cheaper with a 0.69% expense ratio, compared with 0.75% for BELT.

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

BELT has the higher dividend yield at 0.02%, compared with 0.00% for MEME.

What is the main difference between BELT and MEME?

They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.75% for BELT and 0.69% for MEME.