MEME vs QQQ
Roundhill Meme Stock ETF vs Invesco QQQ Trust, Series 1
Which is better, MEME or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 65.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MEME | QQQ |
|---|---|---|
| Expense Ratio | 0.69% | 0.18%Best |
| AUM | $14M | $506.1B |
| Dividend Yield | 0.00% | 0.42% |
| Holdings | 63 | 321 |
| YTD Return | +10.25% | +19.30%Best |
| 1Y Return | -32.97% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 72.3% | 21.9%Best |
| Max Drawdown | -50.1% | -12.0%Best |
| $10,000 over 1 years | $7,593 | $11,944Best |
| Top 10 Weight | 65.5% | 46.7%Best |
| Fund Family | Roundhill Investments | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Oct 8, 2025 | Mar 10, 1999 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Oct 8, 2025 to Oct 14, 2026 (1 years).
MEME vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
MEME vs QQQ Performance
Roundhill Meme Stock ETF (MEME) is an ETF from Roundhill Investments and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MEME returned -32.97% while QQQ returned +22.47%. Year to date, MEME is up 10.25% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEME has been the more volatile fund, with annualized monthly volatility of 72.3% compared with 21.9% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -50.1% for MEME and -12.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
MEME charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, MEME currently yields 0.00% against 0.42% for QQQ.
Holdings Overlap
18.6% of MEME's money is in holdings QQQ also owns. 1.0% of QQQ's money is in holdings MEME also owns.
MEME and QQQ share little of their money.
4 positions in common, counted across the 20 positions we hold weights for in MEME and 101 in QQQ, against full books of 63 and 321.
What only one of them owns
Our book lists 90 positions for QQQ that do not appear in our book for MEME (95.5% of the fund), and 14 for MEME that do not appear in QQQ (73.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of MEME and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MEME or QQQ?
MEME has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, MEME or QQQ?
Over the past year MEME returned -32.97% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), MEME annualized -24.07% vs +19.44% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MEME or QQQ?
MEME has been the more volatile fund at 72.3% annualized versus 21.9% for QQQ. Worst drawdown: MEME -50.1% vs QQQ -12.0%.
Should I hold both MEME and QQQ?
MEME and QQQ have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between MEME and QQQ?
18.6% of MEME's money is in holdings QQQ also owns. 1.0% of QQQ's is in holdings MEME also owns. They hold 4 positions in common, counted across the 20 positions we hold weights for in MEME and 101 in QQQ.
Which pays a higher dividend, MEME or QQQ?
MEME yields 0.00% while QQQ yields 0.42%, so QQQ currently pays the higher dividend yield.
Is QQQ better than MEME?
QQQ has a lower expense ratio. QQQ led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. QQQ is less concentrated, with 46.7% of the fund in its ten largest positions against 65.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.