TAN vs. MEME

Last updated Jun 24, 2026

TAN (Invesco Solar ETF) and MEME (Roundhill Meme Stock ETF) are both exchange-traded funds - TAN is a Alternative Energy Equities fund tracking the MAC Global Solar Energy Index, while MEME is a Large Cap Growth Equities fund actively managed by Roundhill. TAN is passively managed, while MEME is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.69% expense ratio.

Performance

TAN vs. MEME - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Solar ETF (TAN) 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, TAN achieves a 19.22% return, which is significantly lower than MEME's 57.26% return.

TAN

• 1D: -4.17%
• 1M: -11.21%
• YTD: 19.22%
• 6M: 16.19%
• 1Y: 82.66%
• 3Y*: -4.69%
• 5Y*: -7.06%
• 10Y*: 12.35%

MEME

• 1D: -6.25%
• 1M: -10.39%
• YTD: 57.26%
• 6M: 44.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TAN vs. MEME - Yearly Performance Comparison

	2026 (YTD)	2025
TAN Invesco Solar ETF	19.22%	7.53%
MEME Roundhill Meme Stock ETF	57.26%	-38.00%

Correlation

The correlation between TAN and MEME is 0.61, 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 8, 2025	0.61

TAN vs. MEME - Sectors Allocation Comparison

Sectors	TAN	MEME
Technology	65.1%	66.7%
Energy	57.3%	4.8%
Utilities	29.2%	4.9%
Financial Services	3.5%	5.5%
Industrials	2.3%	22.3%
Basic Materials	-	4.6%
Communication Services	-	5.5%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	5.4%
Real Estate	-	-

Return for Risk

TAN vs. MEME — Risk / Return Rank

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

TAN

TAN Risk / Return Rank: 68
TAN Sharpe Ratio Rank: 70
TAN Sortino Ratio Rank: 63
TAN Omega Ratio Rank: 55
TAN Calmar Ratio Rank: 79
TAN Martin Ratio Rank: 70

MEME

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

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.

TAN vs. MEME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Solar ETF (TAN) 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.

	TAN	MEME	Difference
Sharpe ratio: Return per unit of total volatility	2.16	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.97	—	—
Martin ratio: Return relative to average drawdown	12.49	—	—

Drawdowns

TAN vs. MEME - Drawdown Comparison

The maximum TAN drawdown since its inception was -95.29%, which is greater than MEME's maximum drawdown of -48.78%. Use the drawdown chart below to compare losses from any high point for TAN and MEME.

Drawdown Indicators

	TAN	MEME	Difference
Max Drawdown Largest peak-to-trough decline	-95.29%	-48.78%	-46.51%
Max Drawdown (1Y) Largest decline over 1 year	-20.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-64.40%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-73.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-78.53%	—	—
Current Drawdown Current decline from peak	-73.11%	-17.37%	-55.74%
Average Drawdown Average peak-to-trough decline	-78.47%	-28.63%	-49.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.64%	—	—

Volatility

Volatility by Period

	TAN	MEME	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.50%	75.52%	-37.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.14%	75.52%	-35.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.16%	75.52%	-37.36%

TAN vs. MEME - Expense Ratio Comparison

Both TAN and MEME have an expense ratio of 0.69%.

Dividends

TAN vs. MEME - Dividend Comparison

Neither TAN nor MEME has 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%
TAN Invesco Solar ETF	0.00%	0.00%	0.50%	0.09%	0.00%	0.00%	0.09%	0.30%	0.69%	1.77%	5.04%	1.60%

Frequently Asked Questions

Can I hold both TAN and MEME in my portfolio?

TAN and MEME have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TAN or MEME?

Both ETFs have the same 0.69% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TAN or MEME?

TAN and MEME have the same expense ratio: 0.69% per year.

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

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

What is the main difference between TAN and MEME?

TAN is categorized as Alternative Energy Equities, while MEME is Large Cap Growth Equities. They also come from different issuers: Invesco and Roundhill.