IWL vs. MEME

Last updated Jun 4, 2026

IWL (iShares Russell Top 200 ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. IWL is passively managed, while MEME is actively managed. A 0.56 correlation means they provide meaningful diversification when combined. IWL charges 0.15%/yr vs 0.69%/yr for MEME.

Performance

IWL vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell Top 200 ETF (IWL) 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, IWL achieves a 10.03% return, which is significantly lower than MEME's 79.03% return.

IWL

• 1D: -0.83%
• 1M: 5.18%
• YTD: 10.03%
• 6M: 10.03%
• 1Y: 28.50%
• 3Y*: 23.42%
• 5Y*: 14.59%
• 10Y*: 16.38%

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)

IWL vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
IWL iShares Russell Top 200 ETF	10.03%	1.89%
MEME Roundhill Meme Stock ETF	79.03%	-36.83%

Correlation

The correlation between IWL and MEME is 0.56, 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	0.56

IWL vs. MEME - Sectors Allocation Comparison

Sectors	IWL	MEME
Technology	40.9%	58.8%
Communication Services	12.2%	5.5%
Financial Services	11.3%	5.7%
Consumer Cyclical	9.6%	-
Healthcare	8.5%	5.4%
Industrials	6.1%	29.9%
Consumer Defensive	4.7%	-
Energy	2.5%	4.8%
Utilities	1.7%	10.7%
Basic Materials	1.4%	4.6%
Real Estate	1.0%	-

Return for Risk

IWL vs. MEME — Risk / Return Rank

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

IWL

IWL Risk / Return Rank: 67
IWL Sharpe Ratio Rank: 70
IWL Sortino Ratio Rank: 68
IWL Omega Ratio Rank: 69
IWL Calmar Ratio Rank: 58
IWL Martin Ratio Rank: 69

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.

IWL vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell Top 200 ETF (IWL) 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.

	IWL	MEME	Difference
Sharpe ratio Return per unit of total volatility	2.35	—	—
Sortino ratio Return per unit of downside risk	3.20	—	—
Omega ratio Gain probability vs. loss probability	1.42	—	—
Calmar ratio Return relative to maximum drawdown	2.91	—	—
Martin ratio Return relative to average drawdown	12.92	—	—
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

	IWL	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.91	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.28	+0.60

Drawdowns

IWL vs. MEME - Drawdown Comparison

The maximum IWL drawdown since its inception was -32.71%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for IWL and MEME.

Drawdown Indicators

	IWL	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-32.71%	-48.78%	+16.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.71%	—	—
Current Drawdown Current decline from peak	-0.83%	-5.93%	+5.10%
Average Drawdown Average peak-to-trough decline	-3.88%	-29.90%	+26.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	—	—

Volatility

Volatility by Period

	IWL	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.15%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.19%	74.19%	-62.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	74.19%	-57.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.08%	74.19%	-56.11%

IWL vs. MEME - Expense Ratio Comparison

IWL has a 0.15% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

IWL vs. MEME - Dividend Comparison

IWL's dividend yield for the trailing twelve months is around 0.82%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWL iShares Russell Top 200 ETF	0.82%	0.90%	1.04%	1.30%	1.54%	1.12%	1.30%	1.96%	1.93%	1.69%	1.96%	2.14%
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 IWL and MEME in my portfolio?

IWL and MEME have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IWL or MEME?

On fees, IWL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IWL or MEME?

IWL is cheaper with a 0.15% expense ratio, compared with 0.69% for MEME.

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

IWL has the higher dividend yield at 0.82%, compared with 0.00% for MEME.

What is the main difference between IWL and MEME?

They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.15% for IWL and 0.69% for MEME.