NACP vs. MEME

Last updated Jun 25, 2026

NACP (Impact Shares NAACP Minority Empowerment ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. NACP is passively managed, while MEME is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. NACP charges 0.49%/yr vs 0.69%/yr for MEME.

Performance

NACP vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Impact Shares NAACP Minority Empowerment ETF (NACP) and Roundhill Meme Stock ETF (MEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NACP achieves a 19.61% return, which is significantly lower than MEME's 49.84% return.

NACP

• 1D: -0.50%
• 1M: 1.23%
• YTD: 19.61%
• 6M: 16.99%
• 1Y: 37.04%
• 3Y*: 25.54%
• 5Y*: 15.07%
• 10Y*: —

MEME

• 1D: -4.72%
• 1M: -14.61%
• YTD: 49.84%
• 6M: 38.86%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NACP vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
NACP Impact Shares NAACP Minority Empowerment ETF	19.61%	2.41%
MEME Roundhill Meme Stock ETF	49.84%	-38.00%

Correlation

The correlation between NACP and MEME is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.63

NACP vs. MEME - Sectors Allocation Comparison

Sectors	NACP	MEME
Technology	41.3%	66.7%
Consumer Cyclical	10.9%	-
Financial Services	9.5%	5.5%
Communication Services	9.0%	5.5%
Healthcare	8.5%	5.4%
Industrials	8.0%	22.3%
Energy	4.3%	4.8%
Consumer Defensive	3.1%	-
Utilities	3.0%	4.9%
Basic Materials	1.4%	4.6%
Real Estate	1.1%	-

Return for Risk

NACP vs. MEME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NACP

NACP Risk / Return Rank: 84
NACP Sharpe Ratio Rank: 85
NACP Sortino Ratio Rank: 82
NACP Omega Ratio Rank: 82
NACP Calmar Ratio Rank: 82
NACP Martin Ratio Rank: 87

MEME

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

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.

NACP vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Impact Shares NAACP Minority Empowerment ETF (NACP) and Roundhill Meme Stock ETF (MEME). 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.

	NACP	MEME	Difference
Sharpe ratio: Return per unit of total volatility	2.45	—	—
Sortino ratio: Return per unit of downside risk	3.22	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	3.86	—	—
Martin ratio: Return relative to average drawdown	16.43	—	—

Drawdowns

NACP vs. MEME - Drawdown Comparison

The maximum NACP drawdown since its inception was -30.96%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for NACP and MEME.

Drawdown Indicators

	NACP	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-48.78%	+17.82%
Max Drawdown (1Y) Largest decline over 1 year	-9.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.66%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.89%	—	—
Current Drawdown Current decline from peak	-2.76%	-21.27%	+18.51%
Average Drawdown Average peak-to-trough decline	-5.72%	-28.59%	+22.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	—	—

Volatility

Volatility by Period

	NACP	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.97%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.22%	75.53%	-60.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	75.53%	-57.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.77%	75.53%	-56.76%

NACP vs. MEME - Expense Ratio Comparison

NACP has a 0.49% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

NACP vs. MEME - Dividend Comparison

NACP's dividend yield for the trailing twelve months is around 0.56%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MEME Roundhill Meme Stock ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NACP Impact Shares NAACP Minority Empowerment ETF	0.56%	0.62%	2.96%	1.28%	3.48%	3.06%	1.48%	1.22%	0.71%

Frequently Asked Questions

Can I hold both NACP and MEME in my portfolio?

NACP and MEME have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NACP or MEME?

On fees, NACP is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NACP or MEME?

NACP is cheaper with a 0.49% expense ratio, compared with 0.69% for MEME.

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

NACP has the higher dividend yield at 0.56%, compared with 0.00% for MEME.

What is the main difference between NACP and MEME?

They also come from different issuers: Impact Shares and Roundhill. Their fees differ too: 0.49% for NACP and 0.69% for MEME.