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Launched

Roundhill Memory ETF

DRAMCboeRoundhill InvestmentsC

$46.32−1.69 (−3.51%)

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

C43/ 100

Rank 12 of 25 in Semiconductors

C43/100Rank 12 of 25inSemiconductors
Intraday session: down, 79 prints from 48.01 to 46.32. Range 46.32 to 49.10. Use the arrow keys to read each point.47.0047.5048.5049.0010 AM12 PM2 PM4 PM
Expense ratio
0.65%
Fund size
$19B
1Y total return
No data
Yield · Last 12 months
No data
Holdings
23
Avg volume · 30D
49.2M sh
52W range
low $26.14high $81.34
Launched

The ETF.net DRAM Grade

Based on 5 of 6 pillars

C

Score 43 out of 100

Category
Semiconductors⁠
Rank
12 of 25
Six-pillar profile for DRAM. Scores out of 100: Cost 38, Risk 42, Mission not scored, Tradability 58, Holdings 21, Durability 77. Strongest: Durability (77). Weakest: Holdings (21). Based on 5 of 6 pillars.

Score 43 of 100 falls in the C 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.
    D38 out of 100
    Rank 14 of 25

  • 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.
    C42 out of 100
    Rank 10 of 17

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B58 out of 100
    Rank 9 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F21 out of 100
    Rank 22 of 23

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 7 of 25

Our read on DRAM

ETF.net Research

In short

CMost chip ETFs own memory in passing. DRAM makes it the whole point: an actively managed, global basket of companies that earn at least half their money from memory technology like HBM, DRAM and NAND.

Stated mandate

DRAM is an actively managed ETF investing primarily in equity securities of memory companies. Eligible companies derive at least half of their revenues or profits from semiconductor memory technologies such as HBM, DRAM, NAND, NOR, HDD, or specialty and embedded memory.

Why people hold it

  • A purity screen with teeth: to qualify, a company must derive at least half its revenue or profit from memory tech (HBM, DRAM, NAND, NOR, HDD, embedded), so the theme stays undiluted.roundhillinvestments.com
  • Actively managed and global in reach, so the roster can shift across the memory supply chain as conditions change rather than waiting on an index reconstitution calendar.roundhillinvestments.com
  • Straightforward plumbing: a 1940 Act equity fund holding stocks, not a leveraged or commodity-style wrapper, so no K-1 and no daily reset math to track.roundhillinvestments.com

Worth knowing

  • Costs 0.65% a year, roughly double the typical semiconductor ETF. Broad chip funds such as SOXX and SMH already hold the big memory names for a fraction of that.
  • It is one narrow slice of the chip world. The half-revenue test keeps the lineup small and concentrated, which can mean sharper swings than a diversified semiconductor fund.
  • A 2026 launch, so there is little history to judge it by, and it has not been paying distributions, meaning any return has to come from share price.

DRAM Holdings

Holdings pillarF21 out of 100Rank 22 of 23 in Semiconductors
Asset class
Stocks
Holdings
23
Top-10 weight
120%
Largest holding
005930.KS19.0%

Sectors

  • Technology100.0%
  • Financials0.0%

Geography

  • South Korea60.57%
  • United States26.22%
  • Taiwan6.57%
  • Japan5.17%
  • China1.47%

Developed 7% · Emerging 93% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1005930.KSSamsung Electronics Co Ltd18.96%21,390,614$3.61B182
2FGXXXFirst American Government Obligations Fund 12/01/203116.62%3,162,210,626$3.16B86
3000660.KSSK hynix Inc15.92%2,851,189$3.03B186
4912797VP9United States Treasury Bill 11/03/202615.76%3,000,000,000$3B20
5No dataMicron Technology Inc Swap Nm13.02%2,799,228$2.48B1
6No dataMicron Technology, Inc.-Swap-Gold-L11.22%2,412,407$2.13B2
7912797WN3United States Treasury Bill 01/05/202710.44%2,000,000,000$1.99B9
8No dataSamsung Electronics -Swap-Gold-L6.99%7,886,239$1.33B1
9No dataSk Hynix Inc-Swap-Gold-L5.97%1,068,542$1.14B1
10912797VA2United States Treasury Bill 12/03/20265.24%1,000,000,000$997M53
11No dataCxmt Corporation-Swap-Gold-L4.81%145,656,053$915M1
12STXSeagate Technology Holdings PLC4.11%1,214,020$783M435
13SNDKSandisk Corp3.87%639,598$736M471
14WDCWestern Digital Corp3.62%1,879,787$688M471
15285A.TKioxia Holdings Corp2.98%6,626,754$567M148

Showing 1–15 of 23 holdings

DRAM Performance

Launched Apr 2, 2026

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.Not enough history yet.Not enough history yet.
DRAM$9,531
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. DRAM $9,531. SPY $10,141. Use the arrow keys to read each point.$9,000$10,000$11,000$12,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – 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 DRAM. Periods over one year show the average yearly return.
PeriodDRAM
Year to dateFund launched this yearNo data
1 month−20.5%
3 months−4.7%
1 yearFund is under 1 year oldNo data
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 DRAM
YearReturn barDRAM
2026 YTD+72.9%

Since listing, Apr 2, 2026

DRAM in the news

DRAM 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.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed Apr 2026. No distributions yet.

DRAM Risk

Risk pillarC42 out of 100Rank 10 of 17 in Semiconductors
How much the fund’s monthly returns vary, scaled to a year.
Launched Apr 2026; 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 Apr 2026; 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 Apr 2026; 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.
9.20
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.

DRAM Cost

Compare DRAM and CHPS

Overpaying vs CHPS, cheapest in Semiconductors

$9,580

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

  • DRAM 0.65%

    $12,717

  • CHPS 0.15% Cheapest

    $3,137

$10,000
30 years

Cost over time

  • DRAM 0.65%
  • CHPS 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DRAM $12,717CHPS $3,137

Year by year

YearDRAMCHPSOverpaying
10$1,163$274$889
20$4,440$1,071$3,369
30$12,717$3,137$9,580

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