MEME vs. FVD

Last updated Aug 4, 2026

MEME (Roundhill Meme Stock ETF) and FVD (First Trust Value Line Dividend Index Fund) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while FVD is a Mid Cap Value Equities fund tracking the Value Line Dividend Index. MEME is actively managed, while FVD is passively managed. Their -0.08 correlation means they have often moved in opposite directions in the past. MEME charges 0.69%/yr vs 0.61%/yr for FVD.

Performance

MEME vs. FVD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meme Stock ETF (MEME) and First Trust Value Line Dividend Index Fund (FVD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEME achieves a 22.26% return, which is significantly higher than FVD's 10.45% return.

MEME

• 1D: 7.82%
• 1M: -9.65%
• 6M: 7.37%
• YTD: 22.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FVD

• 1D: 0.34%
• 1M: 1.86%
• 6M: 6.10%
• YTD: 10.45%
• 1Y: 15.07%
• 3Y*: 10.43%
• 5Y*: 6.83%
• 10Y*: 8.73%
• ALL TIME*: 9.76%

*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)
FVD First Trust Value Line Dividend Index Fund	$21.40M	$21.58M	$31.31M
MEME Roundhill Meme Stock ETF	$1.53M	$1.33M	$2.07M

MEME vs. FVD - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	22.26%	-38.00%
FVD First Trust Value Line Dividend Index Fund	10.45%	0.56%

Correlation

The correlation between MEME and FVD is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	-0.08

MEME vs. FVD - Sectors Allocation Comparison

Sectors	MEME	FVD
Technology	81.9%	6.7%
Industrials	7.2%	14.4%
Healthcare	6.2%	8.2%
Communication Services	5.5%	3.1%
Financial Services	5.4%	19.8%
Utilities	4.9%	17.3%
Energy	4.8%	3.5%
Basic Materials	4.6%	2.8%
Consumer Cyclical	4.1%	5.3%
Consumer Defensive	-	10.9%
Real Estate	-	8.1%

Return for Risk

MEME vs. FVD — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

FVD

FVD Risk / Return Rank: 58
FVD Sharpe Ratio Rank: 62
FVD Sortino Ratio Rank: 68
FVD Omega Ratio Rank: 57
FVD Calmar Ratio Rank: 57
FVD Martin Ratio Rank: 46

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.

MEME vs. FVD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and First Trust Value Line Dividend Index Fund (FVD). 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	FVD	Difference
Sharpe ratio: Return per unit of total volatility	—	1.50	—
Sortino ratio: Return per unit of downside risk	—	2.30	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.09	—
Martin ratio: Return relative to average drawdown	—	5.34	—

Drawdowns

MEME vs. FVD - Drawdown Comparison

The maximum MEME drawdown since its inception was -50.08%, roughly equal to the maximum FVD drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for MEME and FVD.

Drawdown Indicators

	MEME	FVD	Difference
Max Drawdown Largest peak-to-trough decline	-50.08%	-51.00%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.23%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.25%	—
Current Drawdown Current decline from peak	-35.76%	-1.39%	-34.37%
Average Drawdown Average peak-to-trough decline	-29.29%	-5.42%	-23.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.83%	—

Volatility

Volatility by Period

	MEME	FVD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.35%	10.13%	+69.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.35%	12.84%	+66.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.35%	15.47%	+63.88%

MEME vs. FVD - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is higher than FVD's 0.61% expense ratio.

Dividends

MEME vs. FVD - Dividend Comparison

MEME has not paid dividends to shareholders, while FVD's dividend yield for the trailing twelve months is around 2.22%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVD First Trust Value Line Dividend Index Fund	2.22%	2.36%	2.23%	2.34%	2.20%	1.75%	2.31%	2.03%	2.50%	2.10%	2.04%	2.34%
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 MEME and FVD in my portfolio?

MEME and FVD have a correlation of -0.08, 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 FVD?

On fees, FVD is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEME or FVD?

FVD is cheaper with a 0.61% expense ratio, compared with 0.69% for MEME.

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

FVD has the higher dividend yield at 2.22%, compared with 0.00% for MEME.

What is the main difference between MEME and FVD?

MEME is categorized as Large Cap Growth Equities, while FVD is Mid Cap Value Equities. They also come from different issuers: Roundhill and First Trust. Their fees differ too: 0.69% for MEME and 0.61% for FVD.