QPX vs. MEME

Last updated Jun 4, 2026

QPX (AdvisorShares Q Dynamic Growth ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. QPX charges 1.46%/yr vs 0.69%/yr for MEME.

Performance

QPX vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Q Dynamic Growth ETF (QPX) 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, QPX achieves a 10.87% return, which is significantly lower than MEME's 79.03% return.

QPX

• 1D: -0.66%
• 1M: 7.22%
• YTD: 10.87%
• 6M: 11.56%
• 1Y: 32.39%
• 3Y*: 21.61%
• 5Y*: 13.04%
• 10Y*: —

MEME

• 1D: -5.29%
• 1M: 25.28%
• YTD: 79.03%
• 6M: 68.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QPX vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
QPX AdvisorShares Q Dynamic Growth ETF	10.87%	1.86%
MEME Roundhill Meme Stock ETF	79.03%	-36.83%

Correlation

The correlation between QPX 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 9, 2025	0.63

QPX vs. MEME - Sectors Allocation Comparison

Sectors	QPX	MEME
Technology	49.8%	58.8%
Consumer Cyclical	25.6%	-
Communication Services	14.9%	5.5%
Real Estate	6.4%	-
Industrials	1.0%	29.9%
Financial Services	0.9%	5.7%
Healthcare	0.6%	5.4%
Energy	0.3%	4.8%
Basic Materials	0.3%	4.6%
Consumer Defensive	0.2%	-
Utilities	0.1%	10.7%

Return for Risk

QPX vs. MEME — Risk / Return Rank

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

QPX

QPX Risk / Return Rank: 65
QPX Sharpe Ratio Rank: 71
QPX Sortino Ratio Rank: 67
QPX Omega Ratio Rank: 67
QPX Calmar Ratio Rank: 57
QPX Martin Ratio Rank: 62

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.

QPX vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Q Dynamic Growth ETF (QPX) 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.

	QPX	MEME	Difference
Sharpe ratio: Return per unit of total volatility	2.33	—	—
Sortino ratio: Return per unit of downside risk	3.11	—	—
Omega ratio: Gain probability vs. loss probability	1.40	—	—
Calmar ratio: Return relative to maximum drawdown	2.82	—	—
Martin ratio: Return relative to average drawdown	11.19	—	—
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

	QPX	MEME	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.28	+0.39

Drawdowns

QPX vs. MEME - Drawdown Comparison

The maximum QPX drawdown since its inception was -34.74%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for QPX and MEME.

Drawdown Indicators

	QPX	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-34.74%	-48.78%	+14.04%
Max Drawdown (1Y) Largest decline over 1 year	-11.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-34.74%	—	—
Current Drawdown Current decline from peak	-0.66%	-5.93%	+5.27%
Average Drawdown Average peak-to-trough decline	-8.07%	-29.90%	+21.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	—	—

Volatility

Volatility by Period

	QPX	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.97%	74.19%	-60.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	74.19%	-54.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	74.19%	-54.20%

QPX vs. MEME - Expense Ratio Comparison

QPX has a 1.46% expense ratio, which is higher than MEME's 0.69% expense ratio.

Dividends

QPX vs. MEME - Dividend Comparison

Neither QPX nor MEME has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QPX and MEME in my portfolio?

QPX 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, QPX 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, QPX or MEME?

MEME is cheaper with a 0.69% expense ratio, compared with 1.46% for QPX.

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

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

What is the main difference between QPX and MEME?

They also come from different issuers: AdvisorShares and Roundhill. Their fees differ too: 1.46% for QPX and 0.69% for MEME.