HGRO vs. MEME

Last updated Aug 4, 2026

HGRO (Hedgeye Quality Growth ETF) and MEME (Roundhill Meme Stock ETF) are both exchange-traded funds - HGRO is a Quality Factor fund actively managed by Hedgeye, while MEME is a Large Cap Growth Equities fund actively managed by Roundhill. Both are actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. HGRO charges 0.70%/yr vs 0.69%/yr for MEME.

Performance

HGRO vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hedgeye Quality Growth ETF (HGRO) 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, HGRO achieves a 7.49% return, which is significantly lower than MEME's 22.26% return.

HGRO

• 1D: 0.86%
• 1M: -1.29%
• 6M: 3.85%
• YTD: 7.49%
• 1Y: 17.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.93%

MEME

• 1D: 7.82%
• 1M: -9.65%
• 6M: 7.37%
• YTD: 22.26%
• 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)
HGRO Hedgeye Quality Growth ETF	$1.36M	$1.39M	$1.92M
MEME Roundhill Meme Stock ETF	$1.53M	$1.33M	$2.07M

HGRO vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
HGRO Hedgeye Quality Growth ETF	7.49%	2.89%
MEME Roundhill Meme Stock ETF	22.26%	-38.00%

Correlation

The correlation between HGRO and MEME is 0.64, 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	0.64

Return for Risk

HGRO vs. MEME — Risk / Return Rank

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

HGRO

HGRO Risk / Return Rank: 48
HGRO Sharpe Ratio Rank: 45
HGRO Sortino Ratio Rank: 43
HGRO Omega Ratio Rank: 42
HGRO Calmar Ratio Rank: 59
HGRO Martin Ratio Rank: 52

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.

HGRO vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hedgeye Quality Growth ETF (HGRO) 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.

	HGRO	MEME	Difference
Sharpe ratio: Return per unit of total volatility	1.24	—	—
Sortino ratio: Return per unit of downside risk	1.72	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	2.28	—	—
Martin ratio: Return relative to average drawdown	6.60	—	—

Drawdowns

HGRO vs. MEME - Drawdown Comparison

The maximum HGRO drawdown since its inception was -7.61%, smaller than the maximum MEME drawdown of -50.08%. Use the drawdown chart below to compare losses from any high point for HGRO and MEME.

Drawdown Indicators

	HGRO	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-7.61%	-50.08%	+42.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.61%	—	—
Current Drawdown Current decline from peak	-3.99%	-35.76%	+31.77%
Average Drawdown Average peak-to-trough decline	-1.65%	-29.29%	+27.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	—	—

Volatility

Volatility by Period

	HGRO	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.10%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.04%	79.35%	-65.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.69%	79.35%	-65.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.69%	79.35%	-65.66%

HGRO vs. MEME - Expense Ratio Comparison

HGRO has a 0.70% expense ratio, which is higher than MEME's 0.69% expense ratio.

Dividends

HGRO vs. MEME - Dividend Comparison

HGRO's dividend yield for the trailing twelve months is around 0.07%, while MEME has not paid dividends to shareholders.

Position	TTM	2025
HGRO Hedgeye Quality Growth ETF	0.07%	0.08%
MEME Roundhill Meme Stock ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both HGRO and MEME in my portfolio?

HGRO 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, HGRO 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, HGRO or MEME?

MEME is cheaper with a 0.69% expense ratio, compared with 0.70% for HGRO.

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

HGRO has the higher dividend yield at 0.07%, compared with 0.00% for MEME.

What is the main difference between HGRO and MEME?

HGRO is categorized as Quality Factor, while MEME is Large Cap Growth Equities. They also come from different issuers: Hedgeye and Roundhill. Their fees differ too: 0.70% for HGRO and 0.69% for MEME.