MEME vs. BOXX

Last updated Jun 24, 2026

MEME (Roundhill Meme Stock ETF) and BOXX (Alpha Architect 1-3 Month Box ETF) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while BOXX is a Ultrashort Bond fund tracking the Solactive 1-3 Month US T-Bill Index. MEME is actively managed, while BOXX is passively managed. At a correlation of -0.06, they often move in opposite directions. MEME charges 0.69%/yr vs 0.19%/yr for BOXX.

Performance

MEME vs. BOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meme Stock ETF (MEME) and Alpha Architect 1-3 Month Box ETF (BOXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEME achieves a 57.26% return, which is significantly higher than BOXX's 1.70% return.

MEME

• 1D: -6.25%
• 1M: -10.39%
• YTD: 57.26%
• 6M: 44.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BOXX

• 1D: -0.02%
• 1M: 0.16%
• YTD: 1.70%
• 6M: 1.82%
• 1Y: 3.98%
• 3Y*: 4.70%
• 5Y*: —
• 10Y*: —

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

MEME vs. BOXX - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	57.26%	-38.00%
BOXX Alpha Architect 1-3 Month Box ETF	1.70%	1.04%

Correlation

The correlation between MEME and BOXX is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	-0.06

Return for Risk

MEME vs. BOXX — Risk / Return Rank

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

MEME

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

BOXX

BOXX Risk / Return Rank: 100
BOXX Sharpe Ratio Rank: 100
BOXX Sortino Ratio Rank: 99
BOXX Omega Ratio Rank: 99
BOXX Calmar Ratio Rank: 99
BOXX Martin Ratio Rank: 100

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.

MEME vs. BOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and Alpha Architect 1-3 Month Box ETF (BOXX). 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.

	MEME	BOXX	Difference
Sharpe ratio: Return per unit of total volatility	—	12.43	—
Sortino ratio: Return per unit of downside risk	—	35.10	—
Omega ratio: Gain probability vs. loss probability	—	8.71	—
Calmar ratio: Return relative to maximum drawdown	—	58.08	—
Martin ratio: Return relative to average drawdown	—	496.82	—

Drawdowns

MEME vs. BOXX - Drawdown Comparison

The maximum MEME drawdown since its inception was -48.78%, which is greater than BOXX's maximum drawdown of -0.12%. Use the drawdown chart below to compare losses from any high point for MEME and BOXX.

Drawdown Indicators

	MEME	BOXX	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-0.12%	-48.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.12%	—
Current Drawdown Current decline from peak	-17.37%	-0.02%	-17.35%
Average Drawdown Average peak-to-trough decline	-28.63%	-0.00%	-28.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	MEME	BOXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.52%	0.32%	+75.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.52%	0.37%	+75.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.52%	0.37%	+75.15%

MEME vs. BOXX - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is higher than BOXX's 0.19% expense ratio.

Dividends

MEME vs. BOXX - Dividend Comparison

Neither MEME nor BOXX has paid dividends to shareholders.

Position	TTM	2025	2024
BOXX Alpha Architect 1-3 Month Box ETF	0.00%	0.00%	0.26%
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEME and BOXX in my portfolio?

MEME and BOXX have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEME or BOXX?

On fees, BOXX is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEME or BOXX?

BOXX is cheaper with a 0.19% expense ratio, compared with 0.69% for MEME.

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

MEME and BOXX have nearly identical dividend yields, around 0.00%.

What is the main difference between MEME and BOXX?

MEME is categorized as Large Cap Growth Equities, while BOXX is Ultrashort Bond. They also come from different issuers: Roundhill and Alpha Architect. Their fees differ too: 0.69% for MEME and 0.19% for BOXX.