FV vs. MEME

Last updated Jun 25, 2026

FV (First Trust Dorsey Wright Focus 5 ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. FV is passively managed, while MEME is actively managed. A 0.64 correlation means they provide meaningful diversification when combined. FV charges 0.87%/yr vs 0.69%/yr for MEME.

Performance

FV vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Focus 5 ETF (FV) 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, FV achieves a 15.29% return, which is significantly lower than MEME's 49.84% return.

FV

• 1D: 0.07%
• 1M: 1.47%
• YTD: 15.29%
• 6M: 13.53%
• 1Y: 24.72%
• 3Y*: 17.39%
• 5Y*: 9.60%
• 10Y*: 13.39%

MEME

• 1D: -4.72%
• 1M: -14.61%
• YTD: 49.84%
• 6M: 38.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FV vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
FV First Trust Dorsey Wright Focus 5 ETF	15.29%	1.44%
MEME Roundhill Meme Stock ETF	49.84%	-38.00%

Correlation

The correlation between FV and MEME is 0.64, 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	0.64

FV vs. MEME - Sectors Allocation Comparison

Sectors	FV	MEME
Energy	34.8%	4.8%
Technology	23.5%	66.7%
Healthcare	20.5%	5.4%
Financial Services	19.8%	5.5%
Industrials	13.9%	22.3%
Consumer Cyclical	7.4%	-
Communication Services	6.3%	5.5%
Real Estate	0.7%	-
Basic Materials	-	4.6%
Consumer Defensive	-	-
Utilities	-	4.9%

Return for Risk

FV vs. MEME — Risk / Return Rank

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

FV

FV Risk / Return Rank: 46
FV Sharpe Ratio Rank: 50
FV Sortino Ratio Rank: 46
FV Omega Ratio Rank: 47
FV Calmar Ratio Rank: 41
FV Martin Ratio Rank: 46

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.

FV vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) 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.

	FV	MEME	Difference
Sharpe ratio: Return per unit of total volatility	1.54	—	—
Sortino ratio: Return per unit of downside risk	2.10	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	1.85	—	—
Martin ratio: Return relative to average drawdown	6.87	—	—

Drawdowns

FV vs. MEME - Drawdown Comparison

The maximum FV drawdown since its inception was -34.04%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for FV and MEME.

Drawdown Indicators

	FV	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-34.04%	-48.78%	+14.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.08%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	—	—
Current Drawdown Current decline from peak	-2.48%	-21.27%	+18.79%
Average Drawdown Average peak-to-trough decline	-5.81%	-28.59%	+22.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.61%	—	—

Volatility

Volatility by Period

	FV	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	75.53%	-59.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.91%	75.53%	-54.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.47%	75.53%	-54.06%

FV vs. MEME - Expense Ratio Comparison

FV has a 0.87% expense ratio, which is higher than MEME's 0.69% expense ratio.

Dividends

FV vs. MEME - Dividend Comparison

FV's dividend yield for the trailing twelve months is around 0.53%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FV First Trust Dorsey Wright Focus 5 ETF	0.53%	0.63%	0.14%	0.47%	1.38%	0.11%	0.06%	0.56%	0.19%	0.67%	0.95%	0.14%
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 FV and MEME in my portfolio?

FV and MEME have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FV or MEME?

On fees, MEME is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FV or MEME?

MEME is cheaper with a 0.69% expense ratio, compared with 0.87% for FV.

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

FV has the higher dividend yield at 0.53%, compared with 0.00% for MEME.

What is the main difference between FV and MEME?

They also come from different issuers: First Trust and Roundhill. Their fees differ too: 0.87% for FV and 0.69% for MEME.