RPG vs. MEME

Last updated Aug 4, 2026

RPG (Invesco S&P 500 Pure Growth ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. RPG is passively managed, while MEME is actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. RPG charges 0.35%/yr vs 0.69%/yr for MEME.

Performance

RPG vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Pure Growth ETF (RPG) and Roundhill Meme Stock ETF (MEME). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RPG having a 22.47% return and MEME slightly lower at 22.26%.

RPG

• 1D: 2.09%
• 1M: -4.47%
• 6M: 15.17%
• YTD: 22.47%
• 1Y: 24.43%
• 3Y*: 22.95%
• 5Y*: 8.30%
• 10Y*: 13.52%
• ALL TIME*: 11.65%

MEME

• 1D: 7.82%
• 1M: -9.65%
• 6M: 7.37%
• YTD: 22.26%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MEME Roundhill Meme Stock ETF	$1.53M	$1.33M	$2.07M
RPG Invesco S&P 500 Pure Growth ETF	$42.21M	$42.12M	$41.16M

RPG vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
RPG Invesco S&P 500 Pure Growth ETF	22.47%	-2.40%
MEME Roundhill Meme Stock ETF	22.26%	-38.00%

Correlation

The correlation between RPG and MEME is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 8, 2025	0.73

RPG vs. MEME - Sectors Allocation Comparison

Sectors	RPG	MEME
Technology	47.7%	81.9%
Industrials	15.7%	7.2%
Consumer Cyclical	14.4%	4.1%
Communication Services	7.0%	5.5%
Healthcare	6.2%	6.2%
Financial Services	5.0%	5.4%
Energy	1.5%	4.8%
Consumer Defensive	1.1%	-
Basic Materials	1.1%	4.6%
Real Estate	1.0%	-
Utilities	1.0%	4.9%

Return for Risk

RPG vs. MEME — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RPG

RPG Risk / Return Rank: 41
RPG Sharpe Ratio Rank: 38
RPG Sortino Ratio Rank: 39
RPG Omega Ratio Rank: 38
RPG Calmar Ratio Rank: 40
RPG Martin Ratio Rank: 50

MEME

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RPG vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Pure Growth ETF (RPG) 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.

	RPG	MEME	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.47	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.46	—	—
Martin ratio: Return relative to average drawdown	5.95	—	—

Drawdowns

RPG vs. MEME - Drawdown Comparison

The maximum RPG drawdown since its inception was -53.27%, which is greater than MEME's maximum drawdown of -50.08%. Use the drawdown chart below to compare losses from any high point for RPG and MEME.

Drawdown Indicators

	RPG	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-53.27%	-50.08%	-3.19%
Max Drawdown (1Y) Largest decline over 1 year	-16.84%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.75%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.58%	—	—
Current Drawdown Current decline from peak	-10.54%	-35.76%	+25.22%
Average Drawdown Average peak-to-trough decline	-8.82%	-29.29%	+20.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.12%	—	—

Volatility

Volatility by Period

	RPG	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.41%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.92%	79.35%	-54.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.43%	79.35%	-54.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.18%	79.35%	-56.17%

RPG vs. MEME - Expense Ratio Comparison

RPG has a 0.35% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

RPG vs. MEME - Dividend Comparison

RPG's dividend yield for the trailing twelve months is around 0.16%, while MEME has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
RPG Invesco S&P 500 Pure Growth ETF	0.16%	0.24%	0.25%	1.44%	0.74%	0.00%	0.46%	0.83%	0.47%	0.56%	0.43%	0.73%

Frequently Asked Questions

Can I hold both RPG and MEME in my portfolio?

RPG and MEME have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RPG or MEME?

On fees, RPG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RPG or MEME?

RPG is cheaper with a 0.35% expense ratio, compared with 0.69% for MEME.

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

RPG has the higher dividend yield at 0.16%, compared with 0.00% for MEME.

What is the main difference between RPG and MEME?

They also come from different issuers: Invesco and Roundhill. Their fees differ too: 0.35% for RPG and 0.69% for MEME.