ETF Evaluator:
Roundhill Meme Stock ETF (MEME)
Follow This ETF
(as of Sep 04)
Best Performing in Trading--Leveraged Equity Over the Last Year
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Risk
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Risk
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ETF Details
Roundhill Meme Stock ETF Overview
Roundhill Meme Stock ETF (MEME) is an actively managed Miscellaneous Trading--Leveraged Equity exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2025.
The investment seeks to provide capital appreciation.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing in the equity securities of meme stocks. Meme stocks are characterized by elevated trading volumes relative to comparable public companies during periods of intense online attention and extreme price volatility, with trading activity sometimes driven more by social media momentum than by fundamental or traditional technical analysis. The fund’s portfolio may be composed of small-, mid- or large-capitalization issuers. The fund is non-diversified.
About Roundhill Meme Stock ETF (MEME)
There are 7 members of the management team with an average tenure of 0.90 years: William Hershey (2025), Andrew Serowik (2025), Timothy Maloney (2025), Gabriel Tan (2025), Todd Alberico (2025), Brian Cooper (2025) and David Mazza (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Roundhill Meme Stock ETF has 21 securities in its portfolio. The top 10 holdings constitute 66.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Roundhill Meme Stock ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Roundhill Meme Stock ETF has 3.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.2% There is 3.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Roundhill Meme Stock ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $270 million average for the Trading--Leveraged Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
MEME Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Roundhill Meme Stock ETF expense ratio is above average compared to funds in the Trading--Leveraged Equity category. Roundhill Meme Stock ETF has an expense ratio of 0.69%, which is 28% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Roundhill Meme Stock ETF has a portfolio turnover rate of 391%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 1539% for the Trading--Leveraged Equity category.
Recently, in the month of August 2026, Roundhill Meme Stock ETF returned 10.0%, which earned it a grade of B, as the Trading--Leveraged Equity category had an average return of 10.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Roundhill Meme Stock ETF has a trailing yield of 0.00%, which is below the 5.59% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Roundhill Meme Stock ETF Grades
Year to date, the ETF has returned 24.7%, 14.9 percentage points better than the category, which translates into a grade of B.
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MEME Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| MEME Return (NAV) | 10.0% | -32.4% | na | na | na | na |
| MEME Return (Price) | 9.8% | -32.3% | na | na | na | na |
| NAV +/- Price Return | 0.141% | -0.158% | na | na | na | na |
| Trading--Leveraged Equity Avg | 10.8% | -18.7% | 49.1% | 23.8% | 6.5% | 9.9% |
| MEME Grade (NAV) | B | D | na | na | na | na |
| +/- Category (NAV) | -0.8% | -13.7% | na | na | na | na |
| MEME Tax-Cost Ratio | na | na | na | na | na | na |
MEME Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| MEME Return (NAV) | 24.7% | na | na | na | na | na | na | na | na | na | na |
| MEME Return (Price) | 24.5% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.007% | na | na | na | na | na | na | na | na | na | na |
| Trading--Leveraged Equity Avg | 9.8% | 41.3% | 30.0% | 62.2% | -36.7% | 45.0% | 6.2% | 64.1% | -31.9% | 61.0% | 29.3% |
| MEME Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 14.9% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 14 Mil |
| Share Class Assets: | $ 14 Mil |
| Turnover: | 391.0% |
| Expense Ratio: | 0.69% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 0.9 years | |||
| Average Tenure: 0.9 years | |||
| Managers (Year): Hershey William (2025), Serowik Andrew (2025), Maloney Timothy (2025), Tan Gabriel (2025), Alberico Todd (2025), Cooper Brian (2025), Mazza David (2025) | |||
Portfolio Composition (as of 8/31/26)
| # of Holdings: | 21 |
| % in Top 10 Holdings: | 66.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 3.8% |
Portfolio Allocation |
|
| Domestic Stock: | 96.2% |
| Foreign Stock: | 3.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.1% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 855-561-5728 |
| Website: | |
| Inception Date: | October 7, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.69% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.96% |
