OPEN vs. MEME
Compare and contrast key facts about Opendoor Technologies Inc. (OPEN) and Listed Funds Trust - Roundhill MEME ETF (MEME).
MEME is a passively managed fund by Roundhill Investments that tracks the performance of the Solactive Roundhill Meme Stock Index. It was launched on Dec 8, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPEN or MEME.
Key characteristics
| OPEN | MEME |
|---|
Correlation
The correlation between OPEN and MEME is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
OPEN vs. MEME - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
OPEN vs. MEME - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Opendoor Technologies Inc. (OPEN) and Listed Funds Trust - Roundhill MEME 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.
Dividends
OPEN vs. MEME - Dividend Comparison
Neither OPEN nor MEME has paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
OPEN Opendoor Technologies Inc. | 0.00% | 0.00% | 0.00% |
MEME Listed Funds Trust - Roundhill MEME ETF | 99.95% | 99.95% | 13.70% |
Drawdowns
OPEN vs. MEME - Drawdown Comparison
Volatility
OPEN vs. MEME - Volatility Comparison
Opendoor Technologies Inc. (OPEN) has a higher volatility of 19.51% compared to Listed Funds Trust - Roundhill MEME ETF (MEME) at 0.00%. This indicates that OPEN's price experiences larger fluctuations and is considered to be riskier than MEME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.