MEME vs. XPAY
MEME (Roundhill Meme Stock ETF) and XPAY (Roundhill S&P 500 Target 20 Managed Distribution ETF) are both exchange-traded funds - MEME is a Large Cap Growth Equities fund actively managed by Roundhill, while XPAY is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. MEME charges 0.69%/yr vs 0.49%/yr for XPAY.
Performance
MEME vs. XPAY - Performance Comparison
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Returns By Period
In the year-to-date period, MEME achieves a 22.26% return, which is significantly higher than XPAY's 11.32% return.
MEME
- 1D
- 7.82%
- 1M
- -9.65%
- 6M
- 7.37%
- YTD
- 22.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
XPAY
- 1D
- 1.33%
- 1M
- 1.63%
- 6M
- 9.13%
- YTD
- 11.32%
- 1Y
- 22.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.53M | $1.33M | $2.07M | |
| $1.77M | $2.52M | $3.75M |
MEME vs. XPAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MEME Roundhill Meme Stock ETF | 22.26% | -38.00% |
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF | 11.32% | 1.89% |
Correlation
The correlation between MEME and XPAY is 0.62, 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 | 0.62 |
MEME vs. XPAY - Sectors Allocation Comparison
Sectors
MEME
XPAY
Technology
Industrials
Healthcare
Communication Services
Financial Services
Utilities
Energy
Basic Materials
Consumer Cyclical
Consumer Defensive
-
Real Estate
-
Technology
MEME
XPAY
Industrials
MEME
XPAY
Healthcare
MEME
XPAY
Communication Services
MEME
XPAY
Financial Services
MEME
XPAY
Utilities
MEME
XPAY
Energy
MEME
XPAY
Basic Materials
MEME
XPAY
Consumer Cyclical
MEME
XPAY
Consumer Defensive
MEME
-
XPAY
Real Estate
MEME
-
XPAY
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Return for Risk
MEME vs. XPAY — Risk / Return Rank
MEME
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XPAY
MEME vs. XPAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Meme Stock ETF (MEME) and Roundhill S&P 500 Target 20 Managed Distribution ETF (XPAY). 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 | XPAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.39 | — |
| Martin ratioReturn relative to average drawdown | — | 10.17 | — |
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Drawdowns
MEME vs. XPAY - Drawdown Comparison
The maximum MEME drawdown since its inception was -50.08%, which is greater than XPAY's maximum drawdown of -18.20%. Use the drawdown chart below to compare losses from any high point for MEME and XPAY.
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Drawdown Indicators
| MEME | XPAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.08% | -18.20% | -31.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.34% | — |
Current DrawdownCurrent decline from peak | -35.76% | -0.24% | -35.52% |
Average DrawdownAverage peak-to-trough decline | -29.29% | -2.34% | -26.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.19% | — |
Volatility
MEME vs. XPAY - Volatility Comparison
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Volatility by Period
| MEME | XPAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.67% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.35% | 12.66% | +66.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.35% | 16.56% | +62.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.35% | 16.56% | +62.79% |
MEME vs. XPAY - Expense Ratio Comparison
MEME has a 0.69% expense ratio, which is higher than XPAY's 0.49% expense ratio.
Dividends
MEME vs. XPAY - Dividend Comparison
MEME has not paid dividends to shareholders, while XPAY's dividend yield for the trailing twelve months is around 20.78%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
MEME Roundhill Meme Stock ETF | 0.00% | 0.00% | 0.00% |
XPAY Roundhill S&P 500 Target 20 Managed Distribution ETF | 20.78% | 21.21% | 3.40% |
Frequently Asked Questions
MEME and XPAY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XPAY is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XPAY is cheaper with a 0.49% expense ratio, compared with 0.69% for MEME.
XPAY has the higher dividend yield at 20.78%, compared with 0.00% for MEME.
MEME is categorized as Large Cap Growth Equities, while XPAY is Derivative Income. Their fees differ too: 0.69% for MEME and 0.49% for XPAY.
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