DEF vs. MEME

Last updated Jun 25, 2026

DEF (Invesco Defensive Equity ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. DEF is passively managed, while MEME is actively managed. At a correlation of -0.15, they often move in opposite directions. DEF charges 0.53%/yr vs 0.69%/yr for MEME.

Performance

DEF vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Defensive Equity ETF (DEF) and Roundhill Meme Stock ETF (MEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DEF

• 1D: -3.03%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEME

• 1D: -4.72%
• 1M: -14.61%
• YTD: 49.84%
• 6M: 38.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DEF vs. MEME - Yearly Performance Comparison

	2026 (YTD)
DEF Invesco Defensive Equity ETF	-11.11%
MEME Roundhill Meme Stock ETF	-5.59%

Correlation

The correlation between DEF and MEME is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	-0.15

DEF vs. MEME - Sectors Allocation Comparison

Sectors	DEF	MEME
Healthcare	16.8%	5.4%
Financial Services	16.1%	5.5%
Industrials	15.6%	22.3%
Consumer Defensive	12.9%	-
Technology	12.1%	66.7%
Consumer Cyclical	10.1%	-
Utilities	4.8%	4.9%
Communication Services	4.7%	5.5%
Real Estate	3.8%	-
Basic Materials	2.1%	4.6%
Energy	1.0%	4.8%

Return for Risk

DEF vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) 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.

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

Drawdowns

DEF vs. MEME - Drawdown Comparison

The maximum DEF drawdown since its inception was -11.11%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for DEF and MEME.

Drawdown Indicators

	DEF	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-11.11%	-48.78%	+37.67%
Current Drawdown Current decline from peak	-11.11%	-21.27%	+10.16%
Average Drawdown Average peak-to-trough decline	-9.26%	-28.59%	+19.33%

Volatility

Volatility by Period

	DEF	MEME	Difference
Volatility (1Y) Calculated over the trailing 1-year period	66.96%	75.53%	-8.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.96%	75.53%	-8.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.96%	75.53%	-8.57%

DEF vs. MEME - Expense Ratio Comparison

DEF has a 0.53% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

DEF vs. MEME - Dividend Comparison

Neither DEF nor MEME has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DEF and MEME in my portfolio?

DEF and MEME have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DEF or MEME?

On fees, DEF is cheaper at 0.53% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DEF or MEME?

DEF is cheaper with a 0.53% expense ratio, compared with 0.69% for MEME.

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

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

What is the main difference between DEF and MEME?

They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.53% for DEF and 0.69% for MEME.