AIPO vs. DRAM

Last updated Jun 9, 2026

AIPO (Defiance AI & Power Infrastructure ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - AIPO is a Building & Construction fund tracking the MarketVector™ US Listed AI and Power Infrastructure Index, while DRAM is a Technology Equities fund actively managed by Roundhill. AIPO is passively managed, while DRAM is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. AIPO charges 0.69%/yr vs 0.65%/yr for DRAM.

Performance

AIPO vs. DRAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance AI & Power Infrastructure ETF (AIPO) and Roundhill Memory ETF (DRAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AIPO

• 1D: 0.90%
• 1M: -2.24%
• YTD: 42.13%
• 6M: 32.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRAM

• 1D: 8.48%
• 1M: 14.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIPO vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
AIPO Defiance AI & Power Infrastructure ETF	23.78%
DRAM Roundhill Memory ETF	124.15%

Correlation

The correlation between AIPO and DRAM is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.63

AIPO vs. DRAM - Sectors Allocation Comparison

Sectors	AIPO	DRAM
Industrials	57.1%	-
Technology	16.5%	100.0%
Utilities	14.4%	-
Energy	6.9%	-
Financial Services	3.6%	-
Real Estate	1.0%	-
Communication Services	0.5%	-
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-

Return for Risk

AIPO vs. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance AI & Power Infrastructure ETF (AIPO) and Roundhill Memory ETF (DRAM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AIPO	DRAM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.89	91.43	-89.54

Drawdowns

AIPO vs. DRAM - Drawdown Comparison

The maximum AIPO drawdown since its inception was -17.31%, smaller than the maximum DRAM drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for AIPO and DRAM.

Drawdown Indicators

	AIPO	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-17.31%	-19.97%	+2.66%
Current Drawdown Current decline from peak	-7.56%	-13.18%	+5.62%
Average Drawdown Average peak-to-trough decline	-4.40%	-2.40%	-2.00%

Volatility

Volatility by Period

	AIPO	DRAM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	34.68%	85.85%	-51.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.68%	85.85%	-51.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.68%	85.85%	-51.17%

AIPO vs. DRAM - Expense Ratio Comparison

AIPO has a 0.69% expense ratio, which is higher than DRAM's 0.65% expense ratio.

Dividends

AIPO vs. DRAM - Dividend Comparison

AIPO's dividend yield for the trailing twelve months is around 0.01%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025
AIPO Defiance AI & Power Infrastructure ETF	0.01%	0.01%
DRAM Roundhill Memory ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both AIPO and DRAM in my portfolio?

AIPO and DRAM have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AIPO or DRAM?

On fees, DRAM is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AIPO or DRAM?

DRAM is cheaper with a 0.65% expense ratio, compared with 0.69% for AIPO.

Which ETF pays a higher dividend yield, AIPO or DRAM?

AIPO has the higher dividend yield at 0.01%, compared with 0.00% for DRAM.

What is the main difference between AIPO and DRAM?

AIPO is categorized as Building & Construction, while DRAM is Technology Equities. They also come from different issuers: Defiance and Roundhill. Their fees differ too: 0.69% for AIPO and 0.65% for DRAM.