MEME vs. FXU

Last updated Jul 17, 2026

MEME (Roundhill Meme Stock ETF) and FXU (First Trust Utilities AlphaDEX Fund) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index. MEME is actively managed, while FXU is passively managed. At a correlation of -0.03, they often move in opposite directions. MEME charges 0.69%/yr vs 0.62%/yr for FXU.

Performance

MEME vs. FXU - Performance Comparison

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

Returns By Period

In the year-to-date period, MEME achieves a 10.65% return, which is significantly lower than FXU's 12.12% return.

MEME

• 1D: -9.50%
• 1M: -29.93%
• 6M: -12.39%
• YTD: 10.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXU

• 1D: 1.07%
• 1M: 2.99%
• 6M: 8.95%
• YTD: 12.12%
• 1Y: 20.25%
• 3Y*: 18.58%
• 5Y*: 12.64%
• 10Y*: 9.14%

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

MEME vs. FXU - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	10.65%	-38.00%
FXU First Trust Utilities AlphaDEX Fund	12.12%	-2.23%

Correlation

The correlation between MEME and FXU is -0.03, 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	-0.03

MEME vs. FXU - Sectors Allocation Comparison

Sectors	MEME	FXU
Technology	70.5%	-
Communication Services	12.2%	-
Industrials	7.2%	4.0%
Financial Services	5.9%	-
Healthcare	5.4%	-
Utilities	4.9%	92.4%
Energy	4.8%	3.6%
Basic Materials	4.6%	-
Consumer Cyclical	4.1%	-
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

MEME vs. FXU — 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.

FXU

FXU Risk / Return Rank: 51
FXU Sharpe Ratio Rank: 54
FXU Sortino Ratio Rank: 51
FXU Omega Ratio Rank: 48
FXU Calmar Ratio Rank: 59
FXU Martin Ratio Rank: 45

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. FXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and First Trust Utilities AlphaDEX Fund (FXU). 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	FXU	Difference
Sharpe ratio: Return per unit of total volatility	—	1.49	—
Sortino ratio: Return per unit of downside risk	—	2.06	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.36	—
Martin ratio: Return relative to average drawdown	—	5.98	—

Drawdowns

MEME vs. FXU - Drawdown Comparison

The maximum MEME drawdown since its inception was -48.78%, roughly equal to the maximum FXU drawdown of -49.00%. Use the drawdown chart below to compare losses from any high point for MEME and FXU.

Drawdown Indicators

	MEME	FXU	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-49.00%	+0.22%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.63%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.81%	—
Current Drawdown Current decline from peak	-41.86%	-2.14%	-39.72%
Average Drawdown Average peak-to-trough decline	-28.61%	-7.61%	-21.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.40%	—

Volatility

Volatility by Period

	MEME	FXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.63%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.89%	13.61%	+62.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.89%	16.61%	+59.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.89%	18.36%	+57.53%

MEME vs. FXU - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is higher than FXU's 0.62% expense ratio.

Dividends

MEME vs. FXU - Dividend Comparison

MEME has not paid dividends to shareholders, while FXU's dividend yield for the trailing twelve months is around 2.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXU First Trust Utilities AlphaDEX Fund	2.13%	2.29%	2.41%	2.52%	2.03%	2.00%	3.97%	2.34%	2.40%	3.81%	2.62%	3.90%
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 FXU in my portfolio?

MEME and FXU have a correlation of -0.03, 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 FXU?

On fees, FXU is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEME or FXU?

FXU is cheaper with a 0.62% expense ratio, compared with 0.69% for MEME.

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

FXU has the higher dividend yield at 2.13%, compared with 0.00% for MEME.

What is the main difference between MEME and FXU?

MEME is categorized as Large Cap Growth Equities, while FXU is Utilities Equities. They also come from different issuers: Roundhill and First Trust. Their fees differ too: 0.69% for MEME and 0.62% for FXU.