MEME vs. XOVR

Last updated Aug 4, 2026

MEME (Roundhill Meme Stock ETF) and XOVR (ERShares Private-Public Crossover ETF) are both Large Cap Growth Equities funds. Both are actively managed. Their 0.58 correlation means they have sometimes moved together and sometimes differently. MEME charges 0.69%/yr vs 0.75%/yr for XOVR.

Performance

MEME vs. XOVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Meme Stock ETF (MEME) and ERShares Private-Public Crossover ETF (XOVR). 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 higher than XOVR's -4.47% return.

MEME

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

XOVR

• 1D: 3.44%
• 1M: -8.38%
• 6M: 4.57%
• YTD: -4.47%
• 1Y: -0.88%
• 3Y*: 16.81%
• 5Y*: 3.37%
• 10Y*: —
• ALL TIME*: 9.77%

*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
XOVR ERShares Private-Public Crossover ETF	$32.19M	$37.02M	$109.67M

MEME vs. XOVR - Yearly Performance Comparison

	2026 (YTD)	2025
MEME Roundhill Meme Stock ETF	22.26%	-38.00%
XOVR ERShares Private-Public Crossover ETF	-4.47%	-4.59%

Correlation

The correlation between MEME and XOVR is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.58

MEME vs. XOVR - Sectors Allocation Comparison

Sectors	MEME	XOVR
Technology	81.9%	34.5%
Industrials	7.2%	6.2%
Healthcare	6.2%	18.5%
Communication Services	5.5%	24.2%
Financial Services	5.4%	9.9%
Utilities	4.9%	-
Energy	4.8%	3.1%
Basic Materials	4.6%	-
Consumer Cyclical	4.1%	6.7%
Consumer Defensive	-	-
Real Estate	-	-

Return for Risk

MEME vs. XOVR — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

XOVR

XOVR Risk / Return Rank: 11
XOVR Sharpe Ratio Rank: 11
XOVR Sortino Ratio Rank: 11
XOVR Omega Ratio Rank: 11
XOVR Calmar Ratio Rank: 11
XOVR Martin Ratio Rank: 11

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MEME vs. XOVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and ERShares Private-Public Crossover ETF (XOVR). 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	XOVR	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.04	—
Sortino ratio: Return per unit of downside risk	—	0.11	—
Omega ratio: Gain probability vs. loss probability	—	1.01	—
Calmar ratio: Return relative to maximum drawdown	—	-0.04	—
Martin ratio: Return relative to average drawdown	—	-0.08	—

Drawdowns

MEME vs. XOVR - Drawdown Comparison

The maximum MEME drawdown since its inception was -50.08%, smaller than the maximum XOVR drawdown of -56.28%. Use the drawdown chart below to compare losses from any high point for MEME and XOVR.

Drawdown Indicators

	MEME	XOVR	Difference
Max Drawdown Largest peak-to-trough decline	-50.08%	-56.28%	+6.20%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.32%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-49.35%	—
Current Drawdown Current decline from peak	-35.76%	-11.38%	-24.38%
Average Drawdown Average peak-to-trough decline	-29.29%	-18.21%	-11.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.53%	—

Volatility

Volatility by Period

	MEME	XOVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.35%	23.67%	+55.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.35%	26.68%	+52.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.35%	27.03%	+52.32%

MEME vs. XOVR - Expense Ratio Comparison

MEME has a 0.69% expense ratio, which is lower than XOVR's 0.75% expense ratio.

Dividends

MEME vs. XOVR - Dividend Comparison

Neither MEME nor XOVR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
XOVR ERShares Private-Public Crossover ETF	0.00%	0.00%	0.00%	0.00%	0.00%	57.75%	6.31%	0.08%	3.71%	0.08%

Frequently Asked Questions

Can I hold both MEME and XOVR in my portfolio?

MEME and XOVR have a correlation of 0.58, 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 XOVR?

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 XOVR?

MEME is cheaper with a 0.69% expense ratio, compared with 0.75% for XOVR.

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

MEME and XOVR have nearly identical dividend yields, around 0.00%.

What is the main difference between MEME and XOVR?

They also come from different issuers: Roundhill and ERShares. Their fees differ too: 0.69% for MEME and 0.75% for XOVR.