FNGS vs. MEME

Last updated Jun 23, 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. A 0.54 correlation means they provide meaningful diversification when combined. 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 8.21% return, which is significantly lower than MEME's 67.74% return.

FNGS

• 1D: -3.05%
• 1M: -1.23%
• YTD: 8.21%
• 6M: 7.55%
• 1Y: 20.76%
• 3Y*: 30.34%
• 5Y*: 18.98%
• 10Y*: —

MEME

• 1D: 0.58%
• 1M: -4.41%
• YTD: 67.74%
• 6M: 49.43%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FNGS vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
FNGS MicroSectors FANG+ ETN	8.21%	-2.11%
MEME Roundhill Meme Stock ETF	67.74%	-38.00%

Correlation

The correlation between FNGS and MEME is 0.54, 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 8, 2025	0.54

FNGS vs. MEME - Sectors Allocation Comparison

Sectors	FNGS	MEME
Technology	63.4%	66.7%
Communication Services	26.0%	5.5%
Consumer Cyclical	10.6%	-
Financial Services	10.0%	5.5%
Basic Materials	-	4.6%
Consumer Defensive	-	-
Energy	-	4.8%
Healthcare	-	5.4%
Industrials	-	22.3%
Real Estate	-	-
Utilities	-	4.9%

Return for Risk

FNGS vs. MEME — Risk / Return Rank

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

FNGS

FNGS Risk / Return Rank: 24
FNGS Sharpe Ratio Rank: 27
FNGS Sortino Ratio Rank: 26
FNGS Omega Ratio Rank: 25
FNGS Calmar Ratio Rank: 20
FNGS Martin Ratio Rank: 21

MEME

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

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.

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	0.93	—	—
Sortino ratio: Return per unit of downside risk	1.38	—	—
Omega ratio: Gain probability vs. loss probability	1.17	—	—
Calmar ratio: Return relative to maximum drawdown	0.91	—	—
Martin ratio: Return relative to average drawdown	2.56	—	—

Drawdowns

FNGS vs. MEME - Drawdown Comparison

The maximum FNGS drawdown since its inception was -48.98%, roughly equal to the maximum MEME drawdown of -48.78%. 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%	-48.78%	-0.20%
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	-8.42%	-11.86%	+3.44%
Average Drawdown Average peak-to-trough decline	-10.84%	-28.69%	+17.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.11%	—	—

Volatility

Volatility by Period

	FNGS	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	22.54%	75.35%	-52.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.24%	75.35%	-45.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.23%	75.35%	-44.12%

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 0.54, 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.