HLAL vs. MEME

Last updated Jun 4, 2026

HLAL (Wahed FTSE USA Shariah ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. HLAL is passively managed, while MEME is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. HLAL charges 0.50%/yr vs 0.69%/yr for MEME.

Performance

HLAL vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wahed FTSE USA Shariah ETF (HLAL) 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, HLAL achieves a 18.72% return, which is significantly lower than MEME's 79.03% return.

HLAL

• 1D: -0.07%
• 1M: 9.45%
• YTD: 18.72%
• 6M: 17.75%
• 1Y: 43.63%
• 3Y*: 22.04%
• 5Y*: 15.86%
• 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)

HLAL vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
HLAL Wahed FTSE USA Shariah ETF	18.72%	3.21%
MEME Roundhill Meme Stock ETF	79.03%	-36.83%

Correlation

The correlation between HLAL and MEME is 0.58, 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	0.58

HLAL vs. MEME - Sectors Allocation Comparison

Sectors	HLAL	MEME
Technology	50.4%	58.8%
Communication Services	16.7%	5.5%
Healthcare	10.5%	5.4%
Consumer Cyclical	5.6%	-
Industrials	4.6%	29.9%
Energy	4.5%	4.8%
Consumer Defensive	2.9%	-
Basic Materials	2.5%	4.6%
Utilities	1.0%	10.7%
Real Estate	0.8%	-
Financial Services	0.0%	5.7%

Return for Risk

HLAL vs. MEME — Risk / Return Rank

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

HLAL

HLAL Risk / Return Rank: 88
HLAL Sharpe Ratio Rank: 91
HLAL Sortino Ratio Rank: 92
HLAL Omega Ratio Rank: 90
HLAL Calmar Ratio Rank: 81
HLAL Martin Ratio Rank: 88

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.

HLAL vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wahed FTSE USA Shariah ETF (HLAL) 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.

	HLAL	MEME	Difference
Sharpe ratio: Return per unit of total volatility	3.33	—	—
Sortino ratio: Return per unit of downside risk	4.62	—	—
Omega ratio: Gain probability vs. loss probability	1.59	—	—
Calmar ratio: Return relative to maximum drawdown	4.30	—	—
Martin ratio: Return relative to average drawdown	19.85	—	—
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

	HLAL	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.89	0.28	+0.61

Drawdowns

HLAL vs. MEME - Drawdown Comparison

The maximum HLAL drawdown since its inception was -33.57%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for HLAL and MEME.

Drawdown Indicators

	HLAL	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-33.57%	-48.78%	+15.21%
Max Drawdown (1Y) Largest decline over 1 year	-10.20%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	—	—
Current Drawdown Current decline from peak	-0.07%	-5.93%	+5.86%
Average Drawdown Average peak-to-trough decline	-5.00%	-29.90%	+24.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	—	—

Volatility

Volatility by Period

	HLAL	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.17%	74.19%	-61.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	74.19%	-56.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.21%	74.19%	-53.98%

HLAL vs. MEME - Expense Ratio Comparison

HLAL has a 0.50% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

HLAL vs. MEME - Dividend Comparison

HLAL's dividend yield for the trailing twelve months is around 0.44%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HLAL Wahed FTSE USA Shariah ETF	0.44%	0.53%	0.58%	0.72%	1.15%	0.78%	0.97%	0.72%
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HLAL and MEME in my portfolio?

HLAL and MEME have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HLAL or MEME?

On fees, HLAL is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HLAL or MEME?

HLAL is cheaper with a 0.50% expense ratio, compared with 0.69% for MEME.

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

HLAL has the higher dividend yield at 0.44%, compared with 0.00% for MEME.

What is the main difference between HLAL and MEME?

They also come from different issuers: Wahed and Roundhill. Their fees differ too: 0.50% for HLAL and 0.69% for MEME.