DEF vs. MEME

Last updated Jun 4, 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 0.35 correlation, their price movements are largely independent. 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

In the year-to-date period, DEF achieves a -2.29% return, which is significantly lower than MEME's 79.03% return.

DEF

• 1D: 0.04%
• 1M: 0.44%
• YTD: -2.29%
• 6M: -2.55%
• 1Y: 4.21%
• 3Y*: 10.86%
• 5Y*: 7.41%
• 10Y*: 10.28%

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)

DEF vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
DEF Invesco Defensive Equity ETF	-2.29%	0.32%
MEME Roundhill Meme Stock ETF	79.03%	-36.83%

Correlation

The correlation between DEF and MEME is 0.35, 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	0.35

DEF vs. MEME - Sectors Allocation Comparison

Sectors	DEF	MEME
Healthcare	16.8%	5.4%
Financial Services	16.1%	5.7%
Industrials	15.6%	29.9%
Consumer Defensive	12.9%	-
Technology	12.1%	58.8%
Consumer Cyclical	10.1%	-
Utilities	4.8%	10.7%
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 / Return Rank

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

DEF

DEF Risk / Return Rank: 14
DEF Sharpe Ratio Rank: 14
DEF Sortino Ratio Rank: 13
DEF Omega Ratio Rank: 13
DEF Calmar Ratio Rank: 14
DEF Martin Ratio Rank: 15

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.

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.

	DEF	MEME	Difference
Sharpe ratio: Return per unit of total volatility	0.36	—	—
Sortino ratio: Return per unit of downside risk	0.61	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.43	—	—
Martin ratio: Return relative to average drawdown	1.18	—	—
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

	DEF	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.28	+0.26

Drawdowns

DEF vs. MEME - Drawdown Comparison

The maximum DEF drawdown since its inception was -47.91%, roughly equal to 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	-47.91%	-48.78%	+0.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.53%	—	—
Current Drawdown Current decline from peak	-6.44%	-5.93%	-0.51%
Average Drawdown Average peak-to-trough decline	-6.24%	-29.90%	+23.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	—	—

Volatility

Volatility by Period

	DEF	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.73%	74.19%	-62.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.92%	74.19%	-60.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.05%	74.19%	-58.14%

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

DEF's dividend yield for the trailing twelve months is around 0.96%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DEF Invesco Defensive Equity ETF	0.96%	0.94%	0.79%	1.60%	1.48%	1.06%	1.34%	1.16%	1.39%	1.63%	2.18%	3.31%
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%	0.00%

Frequently Asked Questions

Can I hold both DEF and MEME in my portfolio?

DEF and MEME have a correlation of 0.35, 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 has the higher dividend yield at 0.96%, compared with 0.00% for MEME.

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.