FNGS vs. MEME

Last updated Aug 6, 2026

FNGS (MicroSectors FANG+ ETN) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. FNGS is passively managed, while MEME is actively managed. Their 0.55 correlation means they have sometimes moved together and sometimes differently. FNGS charges 0.58%/yr vs 0.69%/yr for MEME.

Performance

FNGS vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors FANG+ ETN (FNGS) 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, FNGS achieves a 16.83% return, which is significantly lower than MEME's 27.10% return.

FNGS

• 1D: -0.29%
• 1M: 6.83%
• 6M: 24.47%
• YTD: 16.83%
• 1Y: 23.22%
• 3Y*: 32.88%
• 5Y*: 20.46%
• 10Y*: —
• ALL TIME*: 31.73%

MEME

• 1D: -3.55%
• 1M: -7.51%
• 6M: 16.74%
• YTD: 27.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FNGS MicroSectors FANG+ ETN	$1.97M	$1.99M	$2.48M
MEME Roundhill Meme Stock ETF	$1.65M	$1.43M	$2.07M

FNGS vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
FNGS MicroSectors FANG+ ETN	16.83%	-2.11%
MEME Roundhill Meme Stock ETF	27.10%	-38.00%

Correlation

The correlation between FNGS and MEME is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.55

FNGS vs. MEME - Sectors Allocation Comparison

Sectors	FNGS	MEME
Technology	59.6%	81.9%
Communication Services	30.0%	5.5%
Consumer Cyclical	10.4%	4.1%
Financial Services	10.0%	5.4%
Basic Materials	-	4.6%
Consumer Defensive	-	-
Energy	-	4.8%
Healthcare	-	6.2%
Industrials	-	7.2%
Real Estate	-	-
Utilities	-	4.9%

Return for Risk

FNGS vs. MEME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FNGS

FNGS Risk / Return Rank: 32
FNGS Sharpe Ratio Rank: 36
FNGS Sortino Ratio Rank: 35
FNGS Omega Ratio Rank: 34
FNGS Calmar Ratio Rank: 28
FNGS Martin Ratio Rank: 28

MEME

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FNGS vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors FANG+ ETN (FNGS) 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.

	FNGS	MEME	Difference
Sharpe ratio: Return per unit of total volatility	1.01	—	—
Sortino ratio: Return per unit of downside risk	1.51	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.02	—	—
Martin ratio: Return relative to average drawdown	2.70	—	—

Drawdowns

FNGS vs. MEME - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, roughly equal to the maximum MEME drawdown of -50.08%. Use the drawdown chart below to compare losses from any high point for FNGS and MEME.

Drawdown Indicators

	FNGS	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-50.08%	+1.10%
Max Drawdown (1Y) Largest decline over 1 year	-22.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.98%	—	—
Current Drawdown Current decline from peak	-1.13%	-33.22%	+32.09%
Average Drawdown Average peak-to-trough decline	-10.78%	-29.31%	+18.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.61%	—	—

Volatility

Volatility by Period

	FNGS	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.68%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.93%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.12%	79.53%	-56.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.38%	79.53%	-49.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.11%	79.53%	-48.42%

FNGS vs. MEME - Expense Ratio Comparison

FNGS has a 0.58% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

FNGS vs. MEME - Dividend Comparison

Neither FNGS nor MEME has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FNGS and MEME in my portfolio?

FNGS and MEME have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FNGS or MEME?

On fees, FNGS is cheaper at 0.58% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FNGS or MEME?

FNGS is cheaper with a 0.58% expense ratio, compared with 0.69% for MEME.

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

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

What is the main difference between FNGS and MEME?

They also come from different issuers: BMO and Roundhill. Their fees differ too: 0.58% for FNGS and 0.69% for MEME.