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MEME

GradeDNew York Stock Exchange Arca

Roundhill Investments - Meme Stock ETF

Active Equity · Roundhill Investments · Inception 2025-10-08 · SEC filings

$8.72−0.11 (−1.25%)

As of Sep 23, 2026, 2:05 PM EDT

History starts Oct 8, 2025.History starts Oct 8, 2025.
Intraday session: down, 22 prints from 8.83 to 8.72. Range 8.67 to 8.87. Use the arrow keys to read each point.$8.65$8.75$8.80$8.8510 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$16M
1Y return
—
Yield · Last 12 months
0.00%
Holdings
25
Volume · 30D
0.2M sh
NAV per share
$8.82
52W range
low $5.33high $11.91

The ETF.net MEME Grade

D

36/ 100

Rank 16 of 22 in US Active Momentum⁠

Confidence Medium

Six-pillar profile for MEME. Scores out of 100: Cost 43, Risk 4, Mission not scored, Tradability 54, Holdings 37, Durability 46. Strongest: Tradability (54). Weakest: Risk (4). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 43
    Category rank13/22 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    FScore 4
    Category rank21/21 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 54
    Category rank9/22 · top 41%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 37
    Category rank16/21 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 46
    Category rank14/22 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on MEME

ETF.net Research

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

  1. 01A 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.
  2. 02Concentrated on purpose. Around 25 names means the meme trade actually shows up in the portfolio instead of being diluted across hundreds of positions.
  3. 03The fee (0.69%) sits right at the median for its actively managed momentum cohort, so the novelty does not come with a novelty markup.
  4. 04Simple 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

  1. 01Screening for the highest implied volatility means deliberately owning the market's jumpiest stocks. Big swings are the design, not a malfunction.
  2. 02You 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.
  3. 03Launched 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

As of Sep 20, 2026, 5:42 AM
Asset class
Stocks
Holdings
25
Top-10 weight
59%
Largest holding
AAOI7.1%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001AAOIApplied Optoelectronics Inc7.05%9,964$1M101
002BEBloom Energy Corp6.28%3,511$933K304
003MRNAModerna Inc6.24%6,021$927K240
004ALABAstera Labs Inc5.94%2,910$882K258
005CRWVCoreWeave Inc5.93%10,824$881K242
006SMCISuper Micro Computer Inc5.66%21,515$841K265
007LITELumentum Holdings Inc5.61%896$834K385
008IONQIonQ Inc5.57%21,145$827K134
009RKLBRocket Lab Corp5.53%12,730$822K237
010CBRSCerebras Systems Inc5.53%4,143$822K89
011CRDOCredo Technology Group Holding Ltd5.53%4,670$821K232
012COHRCoherent Corp5.45%2,553$810K341
013SNDKSandisk Corp5.45%452$810K450
014CIFRCipher Digital Inc3.94%31,906$585K111
015IRENIREN Ltd3.68%11,701$546K95

Showing 1–15 of 21 holdings

MEME Performance

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

MEME$14,242
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. MEME $14,242. SPY $11,430. Use the arrow keys to read each point.$8,494$14,153$19,813Dec 2025May 2026Sep 2026

Dec 31, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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+42.4%
1 month+10.0%
3 months−15.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, 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+42.4%
2025−36.9%

Since listing, Oct 8, 2025

MEME in the news

ETF.net Research hasn’t filed on MEME yet — coverage lands here as it’s written.

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 Sep 22, 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

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
—
Launched Oct 2025; fills in after 12 months
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.
4.13
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.

MEME Cost

Expense ratio0.69%
  • The middle half of US Active Momentum funds
  • Median 0.63%

11 of the 21 US Active Momentum funds charge less.

MEME costs $69.00 a year on $10,000. The median US Active Momentum fund costs $63.00.