MEME vs. BWET

Last updated Jun 5, 2026

MEME (Roundhill Meme Stock ETF) and BWET (Breakwave Tanker Shipping ETF) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while BWET is a Commodities fund tracking the Breakwave Wet Freight Futures Index. MEME is actively managed, while BWET is passively managed. At a correlation of -0.05, they often move in opposite directions. MEME charges 0.69%/yr vs 3.50%/yr for BWET.

Performance

MEME vs. BWET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meme Stock ETF (MEME) and Breakwave Tanker Shipping ETF (BWET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEME achieves a 82.10% return, which is significantly lower than BWET's 990.13% return.

MEME

• 1D: 1.71%
• 1M: 21.14%
• YTD: 82.10%
• 6M: 57.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWET

• 1D: 11.71%
• 1M: -0.90%
• YTD: 990.13%
• 6M: 857.64%
• 1Y: 2,014.90%
• 3Y*: 145.24%
• 5Y*: —
• 10Y*: —

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

MEME vs. BWET - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	82.10%	-36.83%
BWET Breakwave Tanker Shipping ETF	990.13%	34.82%

Correlation

The correlation between MEME and BWET is -0.05, 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 9, 2025	-0.05

MEME vs. BWET - Sectors Allocation Comparison

Sectors	MEME	BWET
Technology	58.8%	-
Industrials	29.9%	-
Utilities	10.7%	-
Financial Services	5.7%	8.6%
Communication Services	5.5%	-
Healthcare	5.4%	-
Energy	4.8%	-
Basic Materials	4.6%	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

MEME vs. BWET — Risk / Return Rank

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

BWET

BWET Risk / Return Rank: 99
BWET Sharpe Ratio Rank: 100
BWET Sortino Ratio Rank: 98
BWET Omega Ratio Rank: 98
BWET Calmar Ratio Rank: 100
BWET Martin Ratio Rank: 99

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. BWET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and Breakwave Tanker Shipping ETF (BWET). 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.

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

Sharpe Ratios by Period

	MEME	BWET	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	20.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	2.01	-1.68

Drawdowns

MEME vs. BWET - Drawdown Comparison

The maximum MEME drawdown since its inception was -48.78%, smaller than the maximum BWET drawdown of -56.90%. Use the drawdown chart below to compare losses from any high point for MEME and BWET.

Drawdown Indicators

	MEME	BWET	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-56.90%	+8.12%
Max Drawdown (1Y) Largest decline over 1 year	—	-30.64%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-56.90%	—
Current Drawdown Current decline from peak	-4.32%	-0.90%	-3.42%
Average Drawdown Average peak-to-trough decline	-29.74%	-24.06%	-5.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.51%	—

Volatility

Volatility by Period

	MEME	BWET	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	28.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	88.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.99%	98.73%	-24.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.99%	70.70%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.99%	70.70%	+3.29%

MEME vs. BWET - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is lower than BWET's 3.50% expense ratio.

Dividends

MEME vs. BWET - Dividend Comparison

Neither MEME nor BWET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both MEME and BWET in my portfolio?

MEME and BWET have a correlation of -0.05, 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 BWET?

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, MEME or BWET?

MEME is cheaper with a 0.69% expense ratio, compared with 3.50% for BWET.

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

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

What is the main difference between MEME and BWET?

MEME is categorized as Large Cap Growth Equities, while BWET is Commodities. They also come from different issuers: Roundhill and Amplify. Their fees differ too: 0.69% for MEME and 3.50% for BWET.