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Launched · SEC filings

Roundhill Meme Stock ETF

MEMENYSE ArcaRoundhill InvestmentsD

$5.91−0.46 (−7.22%)

At close: Nov 2, 2026, 4:00 PM ET

D38/ 100

Rank 15 of 22 in US Active Momentum

D38/100Rank 15 of 22inUS Active Momentum
Intraday session: down, 79 prints from 6.37 to 5.91. Range 5.90 to 6.40. Use the arrow keys to read each point.6.006.106.206.3010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$11M
1Y total return
−25.9%
Yield · Last 12 months
0.00%
Holdings
22
Avg volume · 30D
111K sh
52W range
low $5.33high $11.91
Launched
Filings
SEC EDGAR

The ETF.net MEME Grade

Based on 5 of 6 pillars

D

Score 38 out of 100

Category
US Active Momentum⁠
Rank
15 of 22
Six-pillar profile for MEME. Scores out of 100: Cost 43, Risk 10, Mission not scored, Tradability 53, Holdings 40, Durability 45. Strongest: Tradability (53). Weakest: Risk (10). Based on 5 of 6 pillars.

Score 38 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C43 out of 100
    Rank 12 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F10 out of 100
    Rank 21 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 11 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C40 out of 100
    Rank 16 of 21

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 14 of 22

Our read on MEME

ETF.net Research

In short

DMost momentum funds rank stocks on past price strength. MEME ranks on options-implied volatility, holding roughly 25 of the most heavily traded, most feverishly priced US names. The retail crowd trade, packaged as a plain equity fund.

Stated mandate

The Fund is an actively managed ETF seeking exposure to meme stocks. It screens highly traded U.S.-listed stocks and ADRs and selects the 25 with the highest implied volatility.

Why people hold it

  • A genuinely different screen from the rest of the momentum shelf: it sorts heavily traded US stocks and ADRs by implied volatility, not by trailing price gains.
  • Concentrated on purpose. Around 25 names means the meme trade actually shows up in the portfolio instead of being diluted across hundreds of positions.
  • The fee (0.69%) sits right at the median for its actively managed momentum cohort, so the novelty does not come with a novelty markup.
  • Simple plumbing: a registered 1940 Act fund holding US stocks outright, listed on NYSE Arca, not a leveraged or derivatives-based trading vehicle.prnewswire.com

Worth knowing

  • Screening for the highest implied volatility means deliberately owning the market's jumpiest stocks. Big swings are the design, not a malfunction.
  • You pay 0.69% for the concept. Broad momentum funds (MTUM, SPMO, VFMO) run at a fraction of that, in the 0.12% to 0.15% range.
  • Launched in October 2025, so there is little live history to judge, and it lands in the lower half of its momentum peer group on our review.prnewswire.com

MEME Holdings

Holdings pillarC40 out of 100Rank 16 of 21 in US Active Momentum
Asset class
Stocks
Holdings
22
Top-10 weight
55%
Largest holding
AAOI6.3%

Sectors

  • Technology60.6%
  • Financials15.5%
  • Health Care10.1%
  • Industrials9.4%
  • Communication4.4%

Geography

  • United States95.66%
  • Australia4.34%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1AAOIApplied Optoelectronics Inc6.33%10,075$696K105
2CRWVCoreWeave Inc5.84%11,698$642K237
3CRDOCredo Technology Group Holding Ltd5.71%4,157$628K234
4CBRSCerebras Systems Inc5.70%5,731$626K85
5ALABAstera Labs Inc5.48%2,328$602K267
6MRNAModerna Inc5.45%2,698$598K297
7TTMITTM Technologies Inc5.27%6,984$579K174
8BEBloom Energy Corp5.24%2,835$576K342
9IRENIREN Ltd5.22%23,957$574K96
10SMCISuper Micro Computer Inc5.09%16,967$559K279
11CIENCiena Corp5.01%1,715$550K400
12RKLBRocket Lab Corp4.83%9,703$531K235
13COHRCoherent Corp4.82%2,519$530K348
14LITELumentum Holdings Inc4.66%609$512K408
15NBISNebius Group NV4.65%3,312$511K190

Showing 1–15 of 22 holdings

MEME Performance

Launched Oct 8, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
MEME$7,407
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. MEME $7,407. SPY $11,199. Use the arrow keys to read each point.$7,500$10,000$12,500Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MEME. Periods over one year show the average yearly return.
PeriodMEME
Year to date+2.7%
1 month−25.2%
3 months−9.4%
1 year−25.9%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MEME
YearReturn barMEME
2026 YTD+2.7%
2025−36.9%

Since listing, Oct 8, 2025

MEME in the news

MEME Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.00%Last 12 months
Payout per share
NoneLast 12 months

No distributions in the last 12 months.

Distribution history

Payments through 2022

One bar per payment. 1 payment in 2022. Dec 13, 2022 $0.69. Use the arrow keys to read each point.2022
Ex-datePay dateAmount per share
Dec 13, 2022Dec 15, 2022$0.69

MEME Risk

Risk pillarF10 out of 100Rank 21 of 22 in US Active Momentum
How much the fund’s monthly returns vary, scaled to a year.
75.8%
Annualised · 12 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.10
vs 3-month T-bills · 12 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−50.1%
12 months · trough Jul 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
3.97
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MEME Cost

Compare MEME and JMOM

Overpaying vs JMOM, cheapest in US Active Momentum

$10,909

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MEME 0.69%

    $13,429

  • JMOM 0.12% Cheapest

    $2,520

$10,000
30 years

Cost over time

  • MEME 0.69%
  • JMOM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MEME $13,429JMOM $2,520

Year by year

YearMEMEJMOMOverpaying
10$1,232$220$1,012
20$4,697$859$3,838
30$13,429$2,520$10,909

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