CWS vs. MEME

Last updated Jun 4, 2026

CWS (AdvisorShares Focused Equity ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. CWS charges 0.77%/yr vs 0.69%/yr for MEME.

Performance

CWS vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Focused Equity ETF (CWS) 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, CWS achieves a -1.80% return, which is significantly lower than MEME's 79.03% return.

CWS

• 1D: -0.02%
• 1M: -0.37%
• YTD: -1.80%
• 6M: -1.31%
• 1Y: -0.99%
• 3Y*: 10.25%
• 5Y*: 8.16%
• 10Y*: —

MEME

• 1D: -5.29%
• 1M: 25.28%
• YTD: 79.03%
• 6M: 68.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CWS vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
CWS AdvisorShares Focused Equity ETF	-1.80%	0.01%
MEME Roundhill Meme Stock ETF	79.03%	-36.83%

Correlation

The correlation between CWS and MEME is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.39

CWS vs. MEME - Sectors Allocation Comparison

Sectors	CWS	MEME
Healthcare	25.1%	5.4%
Industrials	22.4%	29.9%
Technology	18.5%	58.8%
Consumer Cyclical	15.1%	-
Financial Services	10.8%	5.7%
Consumer Defensive	4.2%	-
Utilities	4.0%	10.7%
Basic Materials	-	4.6%
Communication Services	-	5.5%
Energy	-	4.8%
Real Estate	-	-

Return for Risk

CWS vs. MEME — Risk / Return Rank

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

CWS

CWS Risk / Return Rank: 8
CWS Sharpe Ratio Rank: 8
CWS Sortino Ratio Rank: 7
CWS Omega Ratio Rank: 7
CWS Calmar Ratio Rank: 8
CWS Martin Ratio Rank: 8

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.

CWS vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Focused Equity ETF (CWS) 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.

	CWS	MEME	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	—	—
Sortino ratio: Return per unit of downside risk	-0.01	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.08	—	—
Martin ratio: Return relative to average drawdown	-0.22	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CWS	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.28	+0.38

Drawdowns

CWS vs. MEME - Drawdown Comparison

The maximum CWS drawdown since its inception was -33.82%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for CWS and MEME.

Drawdown Indicators

	CWS	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-33.82%	-48.78%	+14.96%
Max Drawdown (1Y) Largest decline over 1 year	-11.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.87%	—	—
Current Drawdown Current decline from peak	-6.21%	-5.93%	-0.28%
Average Drawdown Average peak-to-trough decline	-4.54%	-29.90%	+25.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	—	—

Volatility

Volatility by Period

	CWS	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.29%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.28%	74.19%	-60.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.66%	74.19%	-58.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	74.19%	-57.28%

CWS vs. MEME - Expense Ratio Comparison

CWS has a 0.77% expense ratio, which is higher than MEME's 0.69% expense ratio.

Dividends

CWS vs. MEME - Dividend Comparison

CWS's dividend yield for the trailing twelve months is around 0.31%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CWS AdvisorShares Focused Equity ETF	0.31%	0.31%	0.59%	0.25%	0.50%	0.16%	0.27%	0.39%	2.07%	0.29%	0.03%
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CWS and MEME in my portfolio?

CWS and MEME have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CWS 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, CWS or MEME?

MEME is cheaper with a 0.69% expense ratio, compared with 0.77% for CWS.

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

CWS has the higher dividend yield at 0.31%, compared with 0.00% for MEME.

What is the main difference between CWS and MEME?

They also come from different issuers: AdvisorShares and Roundhill. Their fees differ too: 0.77% for CWS and 0.69% for MEME.