MEME vs. SPIT

Last updated Aug 4, 2026

MEME (Roundhill Meme Stock ETF) and SPIT (F/m Emerald Special Situations ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their correlation of 0.81 means they have usually moved in the same direction. MEME charges 0.69%/yr vs 0.89%/yr for SPIT.

Performance

MEME vs. SPIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meme Stock ETF (MEME) and F/m Emerald Special Situations ETF (SPIT). 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 lower than SPIT's 26.92% return.

MEME

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

SPIT

• 1D: 1.99%
• 1M: -3.14%
• 6M: 17.82%
• YTD: 26.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
MEME Roundhill Meme Stock ETF	$1.53M	$1.33M	$2.07M
SPIT F/m Emerald Special Situations ETF	$212.31K	$271.42K	$193.26K

MEME vs. SPIT - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	22.26%	-38.00%
SPIT F/m Emerald Special Situations ETF	26.92%	5.67%

Correlation

The correlation between MEME and SPIT is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.81

Return for Risk

MEME vs. SPIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and F/m Emerald Special Situations ETF (SPIT). 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.

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

Drawdowns

MEME vs. SPIT - Drawdown Comparison

The maximum MEME drawdown since its inception was -50.08%, which is greater than SPIT's maximum drawdown of -12.49%. Use the drawdown chart below to compare losses from any high point for MEME and SPIT.

Drawdown Indicators

	MEME	SPIT	Difference
Max Drawdown Largest peak-to-trough decline	-50.08%	-12.49%	-37.59%
Current Drawdown Current decline from peak	-35.76%	-5.71%	-30.05%
Average Drawdown Average peak-to-trough decline	-29.29%	-2.87%	-26.42%

Volatility

Volatility by Period

	MEME	SPIT	Difference
Volatility (1Y) Calculated over the trailing 1-year period	79.35%	26.61%	+52.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.35%	26.61%	+52.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.35%	26.61%	+52.74%

MEME vs. SPIT - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is lower than SPIT's 0.89% expense ratio.

Dividends

MEME vs. SPIT - Dividend Comparison

MEME has not paid dividends to shareholders, while SPIT's dividend yield for the trailing twelve months is around 5.66%.

Position	TTM	2025
MEME Roundhill Meme Stock ETF	0.00%	0.00%
SPIT F/m Emerald Special Situations ETF	5.66%	7.18%

Frequently Asked Questions

Can I hold both MEME and SPIT in my portfolio?

MEME and SPIT have a correlation of 0.81, 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 SPIT?

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 SPIT?

MEME is cheaper with a 0.69% expense ratio, compared with 0.89% for SPIT.

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

SPIT has the higher dividend yield at 5.66%, compared with 0.00% for MEME.

What is the main difference between MEME and SPIT?

They also come from different issuers: Roundhill and F/m. Their fees differ too: 0.69% for MEME and 0.89% for SPIT.