ESPO vs. MEME

Last updated Jun 4, 2026

ESPO (VanEck Vectors Video Gaming and eSports ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. ESPO is passively managed, while MEME is actively managed. At a 0.47 correlation, their price movements are largely independent. ESPO charges 0.55%/yr vs 0.69%/yr for MEME.

Performance

ESPO vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Video Gaming and eSports ETF (ESPO) 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, ESPO achieves a -13.31% return, which is significantly lower than MEME's 79.03% return.

ESPO

• 1D: -2.20%
• 1M: -1.23%
• YTD: -13.31%
• 6M: -16.99%
• 1Y: -11.55%
• 3Y*: 19.46%
• 5Y*: 6.23%
• 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)

ESPO vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
ESPO VanEck Vectors Video Gaming and eSports ETF	-13.31%	-12.61%
MEME Roundhill Meme Stock ETF	79.03%	-36.83%

Correlation

The correlation between ESPO and MEME is 0.47, 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	0.47

ESPO vs. MEME - Sectors Allocation Comparison

Sectors	ESPO	MEME
Communication Services	78.1%	5.5%
Consumer Cyclical	13.8%	-
Technology	8.2%	58.8%
Basic Materials	-	4.6%
Consumer Defensive	-	-
Energy	-	4.8%
Financial Services	-	5.7%
Healthcare	-	5.4%
Industrials	-	29.9%
Real Estate	-	-
Utilities	-	10.7%

Return for Risk

ESPO vs. MEME — Risk / Return Rank

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

ESPO

ESPO Risk / Return Rank: 4
ESPO Sharpe Ratio Rank: 4
ESPO Sortino Ratio Rank: 4
ESPO Omega Ratio Rank: 4
ESPO Calmar Ratio Rank: 5
ESPO Martin Ratio Rank: 5

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.

ESPO vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Video Gaming and eSports ETF (ESPO) 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.

	ESPO	MEME	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	—	—
Sortino ratio: Return per unit of downside risk	-0.75	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.42	—	—
Martin ratio: Return relative to average drawdown	-0.76	—	—
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

	ESPO	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.28	+0.35

Drawdowns

ESPO vs. MEME - Drawdown Comparison

The maximum ESPO drawdown since its inception was -50.99%, roughly equal to the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for ESPO and MEME.

Drawdown Indicators

	ESPO	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-50.99%	-48.78%	-2.21%
Max Drawdown (1Y) Largest decline over 1 year	-27.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.33%	—	—
Current Drawdown Current decline from peak	-25.66%	-5.93%	-19.73%
Average Drawdown Average peak-to-trough decline	-15.03%	-29.90%	+14.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.30%	—	—

Volatility

Volatility by Period

	ESPO	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.85%	74.19%	-55.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.12%	74.19%	-49.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.75%	74.19%	-48.44%

ESPO vs. MEME - Expense Ratio Comparison

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

Dividends

ESPO vs. MEME - Dividend Comparison

ESPO's dividend yield for the trailing twelve months is around 1.44%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ESPO VanEck Vectors Video Gaming and eSports ETF	1.44%	1.24%	0.44%	0.96%	0.91%	3.36%	0.12%	0.22%	0.04%
MEME Roundhill Meme Stock ETF	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 ESPO and MEME in my portfolio?

ESPO and MEME have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESPO or MEME?

On fees, ESPO 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, ESPO or MEME?

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

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

ESPO has the higher dividend yield at 1.44%, compared with 0.00% for MEME.

What is the main difference between ESPO and MEME?

They also come from different issuers: VanEck and Roundhill. Their fees differ too: 0.55% for ESPO and 0.69% for MEME.