PNQI vs. MEME

Last updated Jun 5, 2026

PNQI (Invesco NASDAQ Internet ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. PNQI is passively managed, while MEME is actively managed. At a 0.35 correlation, their price movements are largely independent. PNQI charges 0.62%/yr vs 0.69%/yr for MEME.

Performance

PNQI vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco NASDAQ Internet ETF (PNQI) 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, PNQI achieves a -10.35% return, which is significantly lower than MEME's 82.10% return.

PNQI

• 1D: 0.96%
• 1M: -0.42%
• YTD: -10.35%
• 6M: -11.05%
• 1Y: -2.59%
• 3Y*: 16.78%
• 5Y*: 0.30%
• 10Y*: 11.85%

MEME

• 1D: 1.71%
• 1M: 21.14%
• YTD: 82.10%
• 6M: 57.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PNQI vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
PNQI Invesco NASDAQ Internet ETF	-10.35%	-3.82%
MEME Roundhill Meme Stock ETF	82.10%	-36.83%

Correlation

The correlation between PNQI and MEME is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025	0.35

PNQI vs. MEME - Sectors Allocation Comparison

Sectors	PNQI	MEME
Technology	38.5%	58.8%
Communication Services	30.8%	5.5%
Consumer Cyclical	27.7%	-
Financial Services	2.6%	5.7%
Real Estate	0.4%	-
Industrials	0.1%	29.9%
Healthcare	0.0%	5.4%
Basic Materials	-	4.6%
Consumer Defensive	-	-
Energy	-	4.8%
Utilities	-	10.7%

Return for Risk

PNQI vs. MEME — Risk / Return Rank

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

PNQI

PNQI Risk / Return Rank: 8
PNQI Sharpe Ratio Rank: 8
PNQI Sortino Ratio Rank: 7
PNQI Omega Ratio Rank: 7
PNQI Calmar Ratio Rank: 8
PNQI Martin Ratio Rank: 8

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.

PNQI vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) 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.

	PNQI	MEME	Difference
Sharpe ratio: Return per unit of total volatility	-0.14	—	—
Sortino ratio: Return per unit of downside risk	-0.07	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.10	—	—
Martin ratio: Return relative to average drawdown	-0.25	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PNQI	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.01	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.33	+0.20

Drawdowns

PNQI vs. MEME - Drawdown Comparison

The maximum PNQI drawdown since its inception was -59.70%, which is greater than MEME's maximum drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for PNQI and MEME.

Drawdown Indicators

	PNQI	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-59.70%	-48.78%	-10.92%
Max Drawdown (1Y) Largest decline over 1 year	-24.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-59.56%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.70%	—	—
Current Drawdown Current decline from peak	-15.27%	-4.32%	-10.95%
Average Drawdown Average peak-to-trough decline	-12.96%	-29.74%	+16.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.56%	—	—

Volatility

Volatility by Period

	PNQI	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	73.99%	-55.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.80%	73.99%	-47.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.29%	73.99%	-48.70%

PNQI vs. MEME - Expense Ratio Comparison

PNQI has a 0.62% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

PNQI vs. MEME - Dividend Comparison

PNQI's dividend yield for the trailing twelve months is around 0.02%, while MEME has not 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%
PNQI Invesco NASDAQ Internet ETF	0.02%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%

Frequently Asked Questions

Can I hold both PNQI and MEME in my portfolio?

PNQI and MEME have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PNQI or MEME?

On fees, PNQI is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PNQI or MEME?

PNQI is cheaper with a 0.62% expense ratio, compared with 0.69% for MEME.

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

PNQI has the higher dividend yield at 0.02%, compared with 0.00% for MEME.

What is the main difference between PNQI and MEME?

They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.62% for PNQI and 0.69% for MEME.