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SHE vs. MEME
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SHE vs. MEME

Last updated Jun 4, 2026

SHE (SPDR SSGA Gender Diversity Index ETF) and MEME (Roundhill Meme Stock ETF) are both Large Cap Growth Equities funds. SHE is passively managed, while MEME is actively managed. A 0.60 correlation means they provide meaningful diversification when combined. SHE charges 0.20%/yr vs 0.69%/yr for MEME.

Performance

SHE vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR SSGA Gender Diversity Index ETF (SHE) and Roundhill Meme Stock ETF (MEME). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SHE achieves a 19.56% return, which is significantly lower than MEME's 89.03% return.

SHE

1D
-0.58%
1M
10.08%
YTD
19.56%
6M
21.08%
1Y
31.32%
3Y*
24.28%
5Y*
10.89%
10Y*
12.83%

MEME

1D
4.46%
1M
34.40%
YTD
89.03%
6M
82.84%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SHE vs. MEME - Yearly Performance Comparison

2026 (YTD)2025
SHE
SPDR SSGA Gender Diversity Index ETF		19.56%2.16%
MEME
Roundhill Meme Stock ETF		89.03%-36.83%

Correlation

The correlation between SHE and MEME is 0.60, 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

0.60

SHE vs. MEME - Sectors Allocation Comparison

Sectors
SHE
MEME

Technology

38.0%
58.8%

Financial Services

11.9%
5.7%

Communication Services

9.5%
5.5%

Industrials

8.9%
29.9%

Consumer Cyclical

8.9%

-

Healthcare

8.7%
5.4%

Consumer Defensive

4.6%

-

Energy

3.4%
4.8%

Utilities

2.2%
10.7%

Real Estate

1.9%

-

Basic Materials

1.9%
4.6%

Technology

SHE
38.0%
MEME
58.8%

Financial Services

SHE
11.9%
MEME
5.7%

Communication Services

SHE
9.5%
MEME
5.5%

Industrials

SHE
8.9%
MEME
29.9%

Consumer Cyclical

SHE
8.9%
MEME

-

Healthcare

SHE
8.7%
MEME
5.4%

Consumer Defensive

SHE
4.6%
MEME

-

Energy

SHE
3.4%
MEME
4.8%

Utilities

SHE
2.2%
MEME
10.7%

Real Estate

SHE
1.9%
MEME

-

Basic Materials

SHE
1.9%
MEME
4.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR SSGA Gender Diversity Index ETF

Roundhill Meme Stock ETF

Often compared with SHE:
SHE vs. SPYSHE vs. VOOSHE vs. VEGNSHE vs. SCHXSHE vs. VTISHE vs. ESGVSHE vs. ^GSPC
Often compared with MEME:
MEME vs. AFLGMEME vs. ANEWMEME vs. IWFMEME vs. URAMEME vs. BCHPMEME vs. QQQMMEME vs. TMFC

Return for Risk

SHE vs. MEME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHE
SHE Risk / Return Rank: 7474
Overall Rank
SHE Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
SHE Sortino Ratio Rank: 7575
Sortino Ratio Rank
SHE Omega Ratio Rank: 7070
Omega Ratio Rank
SHE Calmar Ratio Rank: 7373
Calmar Ratio Rank
SHE Martin Ratio Rank: 7777
Martin Ratio Rank
MEME
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.

SHE vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) 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.

SHEMEMEDifference

Sharpe ratio

Return per unit of total volatility

2.43

—

—

Sortino ratio

Return per unit of downside risk

3.43

—

—

Omega ratio

Gain probability vs. loss probability

1.43

—

—

Calmar ratio

Return relative to maximum drawdown

3.68

—

—

Martin ratio

Return relative to average drawdown

14.98

—

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHE vs. MEME - Sharpe Ratio Comparison

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Sharpe Ratios by Period

SHEMEMEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.43

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.64

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.71

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.74

0.43

+0.31

Drawdowns

SHE vs. MEME - Drawdown Comparison

The maximum SHE drawdown since its inception was -35.80%, smaller than the maximum MEME drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for SHE and MEME.

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Drawdown Indicators

SHEMEMEDifference

Max Drawdown

Largest peak-to-trough decline

-35.80%

-48.78%

+12.98%

Max Drawdown (1Y)

Largest decline over 1 year

-8.54%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-17.07%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-31.69%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-35.80%

—

—

Current Drawdown

Current decline from peak

-0.58%

-0.68%

+0.10%

Average Drawdown

Average peak-to-trough decline

-6.30%

-30.05%

+23.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.10%

—

—

Volatility

SHE vs. MEME - Volatility Comparison

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Volatility by Period

SHEMEMEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.06%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

10.29%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

12.94%

74.11%

-61.17%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.22%

74.11%

-56.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.04%

74.11%

-56.07%

SHE vs. MEME - Expense Ratio Comparison

SHE has a 0.20% expense ratio, which is lower than MEME's 0.69% expense ratio.

Dividends

SHE vs. MEME - Dividend Comparison

SHE's dividend yield for the trailing twelve months is around 1.06%, while MEME has not paid dividends to shareholders.

PositionTTM2025202420232022202120202019201820172016
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%
SHE
SPDR SSGA Gender Diversity Index ETF		1.06%1.18%1.14%1.37%1.54%0.99%1.24%1.91%7.39%5.37%6.41%

Frequently Asked Questions

SHE and MEME have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SHE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SHE is cheaper with a 0.20% expense ratio, compared with 0.69% for MEME.

SHE has the higher dividend yield at 1.06%, compared with 0.00% for MEME.

They also come from different issuers: State Street and Roundhill. Their fees differ too: 0.20% for SHE and 0.69% for MEME.

Portfolio Optimizer

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