MEME vs. IQM

Last updated Apr 1, 2026

Compare and contrast key facts about Roundhill Meme Stock ETF (MEME) and Franklin Intelligent Machines ETF (IQM).

MEME and IQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEME is an actively managed fund by Roundhill. It was launched on Oct 8, 2025. IQM is an actively managed fund by Franklin Templeton. It was launched on Feb 25, 2020.

Performance

MEME vs. IQM - Performance Comparison

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

MEME vs. IQM - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	-0.32%	-36.83%
IQM Franklin Intelligent Machines ETF	3.20%	-3.70%

Returns By Period

In the year-to-date period, MEME achieves a -0.32% return, which is significantly lower than IQM's 3.20% return.

MEME

• 1D: 7.48%
• 1M: -10.69%
• YTD: -0.32%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQM

• 1D: 1.99%
• 1M: -3.98%
• YTD: 3.20%
• 6M: 2.05%
• 1Y: 57.05%
• 3Y*: 26.96%
• 5Y*: 15.40%
• 10Y*: —

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

MEME vs. IQM - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is higher than IQM's 0.50% expense ratio.

MEME

Roundhill Meme Stock ETF

IQM

Franklin Intelligent Machines ETF

Return for Risk

MEME vs. IQM — Risk / Return Rank

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

IQM

IQM Risk / Return Rank: 87
IQM Sharpe Ratio Rank: 84
IQM Sortino Ratio Rank: 85
IQM Omega Ratio Rank: 81
IQM Calmar Ratio Rank: 94
IQM Martin Ratio Rank: 90

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. IQM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and Franklin Intelligent Machines ETF (IQM). 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	IQM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.72	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.82	0.78	-1.60

Correlation

The correlation between MEME and IQM is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MEME vs. IQM - Dividend Comparison

Neither MEME nor IQM has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IQM Franklin Intelligent Machines ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.17%	0.01%

Drawdowns

MEME vs. IQM - Drawdown Comparison

The maximum MEME drawdown since its inception was -48.78%, which is greater than IQM's maximum drawdown of -44.91%. Use the drawdown chart below to compare losses from any high point for MEME and IQM.

Drawdown Indicators

	MEME	IQM	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-44.91%	-3.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.91%	—
Current Drawdown Current decline from peak	-44.17%	-6.86%	-37.31%
Average Drawdown Average peak-to-trough decline	-34.13%	-12.55%	-21.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.72%	—

Volatility

Volatility by Period

	MEME	IQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	76.78%	33.40%	+43.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.78%	28.67%	+48.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.78%	30.73%	+46.05%