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ETFs

Roundhill MEME ETF

MEME
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 08 2021
Expense Ratio
0.69%
Type
US Equities
Fund Owner
Roundhill Financial
Volume (1m avg. daily)
$49,009
AUM
$2,839,365
Associated Index
Solactive Roundhill Meme Stock Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

AMC
AMC Entertainment Holdings Inc - Ordinary Shares - Class A
4.61%
CHTR
Charter Communications Inc. - Ordinary Shares - Class A
4.58%
AA
Alcoa Corp
4.38%
TSLA
Tesla Inc
4.28%
GME
Gamestop Corporation - Ordinary Shares - Class A
4.21%
CRWD
Crowdstrike Holdings Inc - Ordinary Shares - Class A
4.20%
ULTA
Ulta Beauty Inc
4.18%
BBY
Best Buy Co. Inc.
4.10%
ZS
Zscaler Inc
4.10%
AEO
American Eagle Outfitters Inc.
4.07%
Invest with MEME

What is MEME?

The Roundhill MEME ETF ( MEME ETF ) is designed to offer investors exposure to meme stocks by providing investment results that closely track the performance, before fees and expenses, of the Solactive Roundhill Meme Stock Index ( MEME Index ). The MEME ETF is the first ETF globally explicitly designed to track the performance of meme stocks. The MEME Index consists of 25 equal-weighted U.S. listed equity securities that exhibit a combination of elevated social media activity and high short interest. Short interest is calculated by the percentage of a securitys float which are currently sold short. Social media activity and short interest data are supplied by third-party data providers. The index is rebalanced every two weeks, in order to best attempt to capture trending stocks as they emerge. Due to the MEME Indexs focus on stocks that are both highly shorted and subject to increased retail sentiment, as well as the funds high turnover given bi-weekly rebalances, MEME may experience significantly greater volatility than conventional equity ETFs or mutual funds.

ETFs related toMEME

ETFs correlated to MEME include ARKK, TARK, ARKW

MEME
Listed Funds Trust - Roundhill MEME ETF
ARKK
ARK Investment Management LLC - ARK Innovation ETF
TARK
Investment Managers Series Trust II - AXS 2X Innovation ETF
ARKW
ARK Investment Management LLC - ARK Next Generation Internet ETF
IBUY
Amplify ETF Trust - Amplify Online Retail ETF
ARKF
ARK ETF Trust - ARK Fintech Innovation ETF
IPO
Renaissance Capital Greenwich Funds - Renaissance IPO ETF
KOMP
SPDR Series Trust - SPDR S&P Kensho New Economies Composite ETF
ARKQ
ARK Investment Management LLC - ARK Autonomous Technology & Robotics ETF
XAUG
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - August
FINX
Global X Funds - Global X Funds Global X FinTech ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMEME

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MEME using Composer

FAQ

MEME is a US Equities ETF. The Roundhill MEME ETF ( MEME ETF ) is designed to offer investors exposure to meme stocks by providing investment results that closely track the performance, before fees and expenses, of the Solactive Roundhill Meme Stock Index ( MEME Index ). The MEME ETF is the first ETF globally explicitly designed to track the performance of meme stocks. The MEME Index consists of 25 equal-weighted U.S. listed equity securities that exhibit a combination of elevated social media activity and high short interest. Short interest is calculated by the percentage of a securitys float which are currently sold short. Social media activity and short interest data are supplied by third-party data providers. The index is rebalanced every two weeks, in order to best attempt to capture trending stocks as they emerge. Due to the MEME Indexs focus on stocks that are both highly shorted and subject to increased retail sentiment, as well as the funds high turnover given bi-weekly rebalances, MEME may experience significantly greater volatility than conventional equity ETFs or mutual funds.

MEME tracks the Solactive Roundhill Meme Stock Index.

No, MEME is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MEME is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MEME is -0.0305%. This is the percent change in the value of MEME over the most recent 1-month period. The 3-month return on MEME is -0.0458%. This is the percent change in the value of MEME over the most recent 3-month period.

The standard deviation of MEME for the past year is 0.4427%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MEME include IVV, MDY, and IJR.

ETFs correlated to MEME include ARKK, TARK, and ARKW.

ETFs that are inversely correlated to MEME include SARK, HDGE, and HIBS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.