FELC vs. MEME

Last updated Jun 4, 2026

FELC (Fidelity Enhanced Large Cap Core ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.56 correlation means they provide meaningful diversification when combined. FELC charges 0.18%/yr vs 0.69%/yr for MEME.

Performance

FELC vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Core ETF (FELC) 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, FELC achieves a 11.23% return, which is significantly lower than MEME's 79.03% return.

FELC

• 1D: -0.59%
• 1M: 5.59%
• YTD: 11.23%
• 6M: 11.57%
• 1Y: 28.58%
• 3Y*: —
• 5Y*: —
• 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)

FELC vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
FELC Fidelity Enhanced Large Cap Core ETF	11.23%	2.07%
MEME Roundhill Meme Stock ETF	79.03%	-36.83%

Correlation

The correlation between FELC and MEME is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.56

FELC vs. MEME - Sectors Allocation Comparison

Sectors	FELC	MEME
Technology	38.2%	58.8%
Communication Services	12.4%	5.5%
Financial Services	12.2%	5.7%
Consumer Cyclical	9.8%	-
Industrials	9.6%	29.9%
Healthcare	7.4%	5.4%
Energy	3.7%	4.8%
Consumer Defensive	2.8%	-
Basic Materials	1.5%	4.6%
Utilities	1.3%	10.7%
Real Estate	1.0%	-

Return for Risk

FELC vs. MEME — Risk / Return Rank

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

FELC

FELC Risk / Return Rank: 70
FELC Sharpe Ratio Rank: 72
FELC Sortino Ratio Rank: 71
FELC Omega Ratio Rank: 71
FELC Calmar Ratio Rank: 63
FELC Martin Ratio Rank: 75

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.

FELC vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) 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.

	FELC	MEME	Difference
Sharpe ratio: Return per unit of total volatility	2.41	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.44	—	—
Calmar ratio: Return relative to maximum drawdown	3.16	—	—
Martin ratio: Return relative to average drawdown	14.66	—	—
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

	FELC	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.59	0.28	+1.31

Drawdowns

FELC vs. MEME - Drawdown Comparison

The maximum FELC drawdown since its inception was -18.59%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for FELC and MEME.

Drawdown Indicators

	FELC	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-48.78%	+30.19%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	—	—
Current Drawdown Current decline from peak	-0.59%	-5.93%	+5.34%
Average Drawdown Average peak-to-trough decline	-1.91%	-29.90%	+27.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	—	—

Volatility

Volatility by Period

	FELC	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.90%	74.19%	-62.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.17%	74.19%	-59.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.17%	74.19%	-59.02%

FELC vs. MEME - Expense Ratio Comparison

FELC has a 0.18% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

FELC vs. MEME - Dividend Comparison

FELC's dividend yield for the trailing twelve months is around 0.85%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FELC Fidelity Enhanced Large Cap Core ETF	0.85%	0.92%	1.03%	0.04%
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FELC and MEME in my portfolio?

FELC and MEME have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FELC or MEME?

On fees, FELC is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FELC or MEME?

FELC is cheaper with a 0.18% expense ratio, compared with 0.69% for MEME.

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

FELC has the higher dividend yield at 0.85%, compared with 0.00% for MEME.

What is the main difference between FELC and MEME?

They also come from different issuers: Fidelity and Roundhill. Their fees differ too: 0.18% for FELC and 0.69% for MEME.