NITE vs. MEME

Last updated Jun 24, 2026

NITE (The Nightview Fund) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.52 correlation means they provide meaningful diversification when combined. NITE charges 1.25%/yr vs 0.69%/yr for MEME.

Performance

NITE vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Nightview Fund (NITE) 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, NITE achieves a -0.70% return, which is significantly lower than MEME's 57.26% return.

NITE

• 1D: -1.06%
• 1M: -4.33%
• YTD: -0.70%
• 6M: -2.70%
• 1Y: 20.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MEME

• 1D: -6.25%
• 1M: -10.39%
• YTD: 57.26%
• 6M: 44.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NITE vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
NITE The Nightview Fund	-0.70%	2.82%
MEME Roundhill Meme Stock ETF	57.26%	-38.00%

Correlation

The correlation between NITE and MEME is 0.52, 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	0.52

NITE vs. MEME - Sectors Allocation Comparison

Sectors	NITE	MEME
Consumer Cyclical	33.9%	-
Technology	29.8%	66.7%
Financial Services	16.3%	5.5%
Communication Services	11.9%	5.5%
Industrials	4.1%	22.3%
Utilities	4.0%	4.9%
Healthcare	3.8%	5.4%
Basic Materials	-	4.6%
Consumer Defensive	-	-
Energy	-	4.8%
Real Estate	-	-

Return for Risk

NITE vs. MEME — Risk / Return Rank

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

NITE

NITE Risk / Return Rank: 29
NITE Sharpe Ratio Rank: 30
NITE Sortino Ratio Rank: 28
NITE Omega Ratio Rank: 28
NITE Calmar Ratio Rank: 29
NITE Martin Ratio Rank: 31

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.

NITE vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Nightview Fund (NITE) 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.

	NITE	MEME	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.44	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.34	—	—
Martin ratio: Return relative to average drawdown	4.12	—	—

Drawdowns

NITE vs. MEME - Drawdown Comparison

The maximum NITE drawdown since its inception was -29.57%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for NITE and MEME.

Drawdown Indicators

	NITE	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	-48.78%	+19.21%
Max Drawdown (1Y) Largest decline over 1 year	-15.16%	—	—
Current Drawdown Current decline from peak	-10.38%	-17.37%	+6.99%
Average Drawdown Average peak-to-trough decline	-5.38%	-28.63%	+23.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.92%	—	—

Volatility

Volatility by Period

	NITE	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.57%	75.52%	-54.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.72%	75.52%	-48.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.72%	75.52%	-48.80%

NITE vs. MEME - Expense Ratio Comparison

NITE has a 1.25% expense ratio, which is higher than MEME's 0.69% expense ratio.

Dividends

NITE vs. MEME - Dividend Comparison

Neither NITE nor MEME has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both NITE and MEME in my portfolio?

NITE and MEME have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NITE or MEME?

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, NITE or MEME?

MEME is cheaper with a 0.69% expense ratio, compared with 1.25% for NITE.

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

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

What is the main difference between NITE and MEME?

They also come from different issuers: Nightview and Roundhill. Their fees differ too: 1.25% for NITE and 0.69% for MEME.