Roundhill Memory ETF
$52.84−1.88 (−3.44%)
- 0.65%
- $23.6B
- 50.6M sh
- $57.32
- low $26.14high $81.34
The ETF.net DRAM Grade
C
Score 47 out of 100
- 13 of 25
Score 47 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.C40 out of 100Rank 14 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 11 of 17Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 9 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A77 out of 100Rank 7 of 25
Our read on DRAM
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.
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
- Stocks
- 24
- 106%
- 005930.KS
Sectors
- Technology100.0%
Geography
- United States45.22%
- South Korea44.87%
- Taiwan4.54%
- Japan4.17%
- China1.20%
Developed 8% · Emerging 92%
DRAM Performance
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$8,680
Returns run to the Oct 12, 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.
| Period | DRAM |
|---|---|
| Year to date | — |
| 1 month | −7.4% |
| 3 months | −13.2% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DRAM |
|---|---|---|
| 2026 YTD | +97.1% |
DRAM in the news
DRAM Dividends
Listed Apr 2026. No distributions yet.
DRAM Risk
- —
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.
- —
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.
- —
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.
- 9.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DRAM Cost
0.65%
DRAM0.65%
- The middle half of Semiconductors funds
- Median 0.60%
13 of the 25 Semiconductors funds charge less.
Other funds in Semiconductors
- BSHOCStrive U.S. Semiconductor ETFExpense ratio 0.40%1 year return +74.8%
- CARMHArm Holdings PLC ADRhedgedExpense ratio 0.19%1 year return +68.4%
- CSMHCVanEck China Semiconductor ETFExpense ratio 0.65%1 year return —
- DKMEMKurv Memory Select ETFExpense ratio 0.65%1 year return —
- DHBMXETF Opportunities Trust - Tuttle Capital Concentrated Memory Stack ETFExpense ratio 0.95%1 year return —