ETF Evaluator:
Roundhill Memory ETF ()
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(as of Aug 26)
Best Performing in Technology Over the Last Year
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ETF Details
Roundhill Memory ETF Overview
Roundhill Memory ETF (DRAM) is an actively managed Sector Equity Technology exchange-traded fund (ETF). Roundhill Investments launched the ETF in 2026.
The investment seeks to provide capital appreciation.
The fund will generally seek to invest primarily in the equity securities of “Memory Companies,” but may also seek exposure to Memory Companies through derivative instruments, such as swap agreements and forward contracts. Under normal circumstances, it invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities or instruments (i.e., swap agreements or forward contracts) that provide exposure to Memory Companies. The fund is non-diversified.
About Roundhill Memory ETF (DRAM)
There are 7 members of the management team with an average tenure of 0.33 years: William Hershey (2026), Andrew Serowik (2026), Timothy Maloney (2026), Gabriel Tan (2026), Todd Alberico (2026), Brian Cooper (2026) and David Mazza (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
Roundhill Memory ETF has 27 securities in its portfolio. The top 10 holdings constitute 123.5% 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 Memory ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Roundhill Memory ETF has 66.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 23.6% There is 66.4% 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 Memory ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $24 billion in total assets, which is above the $3 billion average for the Technology 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.
DRAM 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 Memory ETF expense ratio is above average compared to funds in the Technology category. Roundhill Memory ETF has an expense ratio of 0.65%, which is 21% higher than its category average, making the fund expense ratio grade a D. 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 Memory ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 39% for the Technology category.
Recently, in the month of July 2026, Roundhill Memory ETF returned -26.6%, which earned it a grade of F, as the Technology category had an average return of -9.8%. 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 Memory ETF has a trailing yield of 0.00%, which is below the 0.45% 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.
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DRAM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| DRAM Return (NAV) | -26.6% | 38.1% | na | na | na | na |
| DRAM Return (Price) | -31.8% | 28.1% | na | na | na | na |
| NAV +/- Price Return | 5.154% | 10.046% | na | na | na | na |
| Technology Avg | -9.8% | 7.3% | 33.6% | 22.3% | 10.5% | 19.0% |
| DRAM Grade (NAV) | F | A | na | na | na | na |
| +/- Category (NAV) | -16.8% | 30.8% | na | na | na | na |
| DRAM Tax-Cost Ratio | na | na | na | na | na | na |
DRAM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| DRAM Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| DRAM Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Technology Avg | 21.3% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| DRAM Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | 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: | $ 24,555 Mil |
| Share Class Assets: | $ 24,555 Mil |
| Turnover: | na |
| Expense Ratio: | 0.65% |
| 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: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Hershey William (2026), Serowik Andrew (2026), Maloney Timothy (2026), Tan Gabriel (2026), Alberico Todd (2026), Cooper Brian (2026), Mazza David (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 27 |
| % in Top 10 Holdings: | 123.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 66.4% |
Portfolio Allocation |
|
| Domestic Stock: | 23.6% |
| Foreign Stock: | 66.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 9.4% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Roundhill Investments |
| Phone Number: | 855-561-5728 |
| Website: | |
| Inception Date: | April 1, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.65% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.54% |
