MEME vs. RDTE

Last updated Jul 14, 2026

MEME (Roundhill Meme Stock ETF) and RDTE (Roundhill Russell 2000 0DTE Covered Call Strategy ETF) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while RDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. MEME charges 0.69%/yr vs 0.97%/yr for RDTE.

Performance

MEME vs. RDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meme Stock ETF (MEME) and Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEME achieves a 25.81% return, which is significantly higher than RDTE's 17.79% return.

MEME

• 1D: -6.02%
• 1M: -20.25%
• 6M: -1.14%
• YTD: 25.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RDTE

• 1D: -0.55%
• 1M: 2.84%
• 6M: 13.42%
• YTD: 17.79%
• 1Y: 26.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEME vs. RDTE - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	25.81%	-38.00%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	17.79%	-0.55%

Correlation

The correlation between MEME and RDTE is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.66

Return for Risk

MEME vs. RDTE — 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.

RDTE

RDTE Risk / Return Rank: 63
RDTE Sharpe Ratio Rank: 59
RDTE Sortino Ratio Rank: 58
RDTE Omega Ratio Rank: 54
RDTE Calmar Ratio Rank: 73
RDTE Martin Ratio Rank: 70

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. RDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and Roundhill Russell 2000 0DTE Covered Call Strategy ETF (RDTE). 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	RDTE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.58	—
Sortino ratio: Return per unit of downside risk	—	2.19	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.94	—
Martin ratio: Return relative to average drawdown	—	10.18	—

Drawdowns

MEME vs. RDTE - Drawdown Comparison

The maximum MEME drawdown since its inception was -48.78%, which is greater than RDTE's maximum drawdown of -24.32%. Use the drawdown chart below to compare losses from any high point for MEME and RDTE.

Drawdown Indicators

	MEME	RDTE	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-24.32%	-24.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.17%	—
Current Drawdown Current decline from peak	-33.90%	-1.29%	-32.61%
Average Drawdown Average peak-to-trough decline	-28.48%	-4.44%	-24.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.64%	—

Volatility

Volatility by Period

	MEME	RDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.54%	17.14%	+58.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.54%	19.10%	+56.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.54%	19.10%	+56.44%

MEME vs. RDTE - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is lower than RDTE's 0.97% expense ratio.

Dividends

MEME vs. RDTE - Dividend Comparison

MEME has not paid dividends to shareholders, while RDTE's dividend yield for the trailing twelve months is around 44.43%.

Position	TTM	2025	2024
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%
RDTE Roundhill Russell 2000 0DTE Covered Call Strategy ETF	44.43%	50.16%	10.70%

Frequently Asked Questions

Can I hold both MEME and RDTE in my portfolio?

MEME and RDTE have a correlation of 0.66, 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 RDTE?

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 RDTE?

MEME is cheaper with a 0.69% expense ratio, compared with 0.97% for RDTE.

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

RDTE has the higher dividend yield at 44.43%, compared with 0.00% for MEME.

What is the main difference between MEME and RDTE?

MEME is categorized as Large Cap Growth Equities, while RDTE is Derivative Income. Their fees differ too: 0.69% for MEME and 0.97% for RDTE.