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MEME vs. XLE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MEME vs. XLE

Last updated Jun 23, 2026

MEME (Roundhill Meme Stock ETF) and XLE (State Street Energy Select Sector SPDR ETF) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while XLE is a Energy Equities fund tracking the Energy Select Sector Index. MEME is actively managed, while XLE is passively managed. At a 0.00 correlation, their price movements are largely independent. MEME charges 0.69%/yr vs 0.08%/yr for XLE.

Performance

MEME vs. XLE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meme Stock ETF (MEME) and State Street Energy Select Sector SPDR ETF (XLE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MEME achieves a 67.74% return, which is significantly higher than XLE's 22.58% return.

MEME

1D
0.58%
1M
-4.41%
YTD
67.74%
6M
49.43%
1Y
—
3Y*
—
5Y*
—
10Y*
—

XLE

1D
1.26%
1M
-8.47%
YTD
22.58%
6M
23.97%
1Y
26.32%
3Y*
15.44%
5Y*
18.90%
10Y*
9.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MEME vs. XLE - Yearly Performance Comparison

2026 (YTD)2025
MEME
Roundhill Meme Stock ETF		67.74%-38.00%
XLE
State Street Energy Select Sector SPDR ETF		22.58%0.77%

Correlation

The correlation between MEME and XLE is 0.00, 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

0.00

MEME vs. XLE - Sectors Allocation Comparison

Sectors
MEME
XLE

Technology

66.7%

-

Industrials

22.3%

-

Financial Services

5.5%

-

Communication Services

5.5%

-

Healthcare

5.4%

-

Utilities

4.9%

-

Energy

4.8%
100.0%

Basic Materials

4.6%

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Real Estate

-

-

Technology

MEME
66.7%
XLE

-

Industrials

MEME
22.3%
XLE

-

Financial Services

MEME
5.5%
XLE

-

Communication Services

MEME
5.5%
XLE

-

Healthcare

MEME
5.4%
XLE

-

Utilities

MEME
4.9%
XLE

-

Energy

MEME
4.8%
XLE
100.0%

Basic Materials

MEME
4.6%
XLE

-

Consumer Cyclical

MEME

-

XLE

-

Consumer Defensive

MEME

-

XLE

-

Real Estate

MEME

-

XLE

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Roundhill Meme Stock ETF

State Street Energy Select Sector SPDR ETF

Often compared with MEME:
MEME vs. AFLGMEME vs. ANEWMEME vs. IWFMEME vs. URAMEME vs. BCHPMEME vs. TMFCMEME vs. QQQM
Often compared with XLE:
XLE vs. VDEXLE vs. USOXLE vs. XOPXLE vs. XLUXLE vs. XLKXLE vs. IXCXLE vs. FENY

Return for Risk

MEME vs. XLE — 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.

XLE
XLE Risk / Return Rank: 3636
Overall Rank
XLE Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
XLE Sortino Ratio Rank: 3434
Sortino Ratio Rank
XLE Omega Ratio Rank: 3232
Omega Ratio Rank
XLE Calmar Ratio Rank: 3939
Calmar Ratio Rank
XLE Martin Ratio Rank: 3838
Martin Ratio Rank
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. XLE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and State Street Energy Select Sector SPDR ETF (XLE). 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.

MEMEXLEDifference
Sharpe ratioReturn per unit of total volatility

—

1.26

—

Sortino ratioReturn per unit of downside risk

—

1.75

—

Omega ratioGain probability vs. loss probability

—

1.21

—

Calmar ratioReturn relative to maximum drawdown

—

1.88

—

Martin ratioReturn relative to average drawdown

—

5.70

—

MEME vs. XLE - Sharpe Ratio Comparison

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Drawdowns

MEME vs. XLE - Drawdown Comparison

The maximum MEME drawdown since its inception was -48.78%, smaller than the maximum XLE drawdown of -71.26%. Use the drawdown chart below to compare losses from any high point for MEME and XLE.

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Drawdown Indicators

MEMEXLEDifference

Max Drawdown

Largest peak-to-trough decline

-48.78%

-71.26%

+22.48%

Max Drawdown (1Y)

Largest decline over 1 year

—

-14.05%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-20.14%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.04%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-66.81%

—

Current Drawdown

Current decline from peak

-11.86%

-12.96%

+1.10%

Average Drawdown

Average peak-to-trough decline

-28.69%

-17.97%

-10.72%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

4.66%

—

Volatility

MEME vs. XLE - Volatility Comparison

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Volatility by Period

MEMEXLEDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

7.06%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

16.89%

—

Volatility (1Y)

Calculated over the trailing 1-year period

75.35%

20.96%

+54.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

75.35%

25.98%

+49.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

75.35%

29.62%

+45.73%

MEME vs. XLE - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is higher than XLE's 0.08% expense ratio.

Dividends

MEME vs. XLE - Dividend Comparison

MEME has not paid dividends to shareholders, while XLE's dividend yield for the trailing twelve months is around 3.47%.

PositionTTM20252024202320222021202020192018201720162015
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%
XLE
State Street Energy Select Sector SPDR ETF		3.47%3.28%3.36%3.55%3.68%4.21%5.62%6.72%3.54%3.03%2.26%3.39%

Frequently Asked Questions

MEME and XLE have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XLE is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XLE is cheaper with a 0.08% expense ratio, compared with 0.69% for MEME.

XLE has the higher dividend yield at 3.47%, compared with 0.00% for MEME.

MEME is categorized as Large Cap Growth Equities, while XLE is Energy Equities. They also come from different issuers: Roundhill and State Street. Their fees differ too: 0.69% for MEME and 0.08% for XLE.

Portfolio Optimizer

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