MEME vs. WPAY

Last updated Apr 2, 2026

Compare and contrast key facts about Roundhill Meme Stock ETF (MEME) and Roundhill WeeklyPay™ Universe ETF (WPAY).

MEME and WPAY 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. WPAY is a passively managed fund by Roundhill that tracks the performance of the Solactive Roundhill WeeklyPay™ Universe Index. It was launched on Sep 3, 2025.

Performance

MEME vs. WPAY - Performance Comparison

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

MEME vs. WPAY - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	0.16%	-36.83%
WPAY Roundhill WeeklyPay™ Universe ETF	-10.65%	-14.96%

Returns By Period

In the year-to-date period, MEME achieves a 0.16% return, which is significantly higher than WPAY's -10.65% return.

MEME

• 1D: 0.49%
• 1M: -10.26%
• YTD: 0.16%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WPAY

• 1D: -1.58%
• 1M: -3.42%
• YTD: -10.65%
• 6M: -19.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEME vs. WPAY - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is lower than WPAY's 0.99% expense ratio.

WPAY

Roundhill WeeklyPay™ Universe ETF

MEME

Roundhill Meme Stock ETF

Return for Risk

MEME vs. WPAY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and Roundhill WeeklyPay™ Universe ETF (WPAY). 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	WPAY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.81	-0.78	-0.03

Correlation

The correlation between MEME and WPAY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MEME vs. WPAY - Dividend Comparison

MEME has not paid dividends to shareholders, while WPAY's dividend yield for the trailing twelve months is around 36.55%.

	TTM	2025
MEME Roundhill Meme Stock ETF	0.00%	0.00%
WPAY Roundhill WeeklyPay™ Universe ETF	36.55%	21.51%

Drawdowns

MEME vs. WPAY - Drawdown Comparison

The maximum MEME drawdown since its inception was -48.78%, which is greater than WPAY's maximum drawdown of -26.17%. Use the drawdown chart below to compare losses from any high point for MEME and WPAY.

Drawdown Indicators

	MEME	WPAY	Difference
Max Drawdown Largest peak-to-trough decline	-48.78%	-26.17%	-22.61%
Current Drawdown Current decline from peak	-43.90%	-25.35%	-18.55%
Average Drawdown Average peak-to-trough decline	-34.21%	-11.92%	-22.29%

Volatility

Volatility by Period

	MEME	WPAY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	76.47%	28.83%	+47.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	76.47%	28.83%	+47.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	76.47%	28.83%	+47.64%