DRAM vs. AIPO

Last updated Jun 9, 2026

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

Performance

DRAM vs. AIPO - Performance Comparison

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

Returns By Period

DRAM

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

AIPO

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

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

DRAM vs. AIPO - Yearly Performance Comparison

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

Correlation

The correlation between DRAM and AIPO 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

DRAM vs. AIPO - Sectors Allocation Comparison

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

Return for Risk

DRAM vs. AIPO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and Defiance AI & Power Infrastructure ETF (AIPO). 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

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

Drawdowns

DRAM vs. AIPO - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

Volatility by Period

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

DRAM vs. AIPO - Expense Ratio Comparison

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

Dividends

DRAM vs. AIPO - Dividend Comparison

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

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 DRAM and AIPO in my portfolio?

DRAM and AIPO 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, DRAM or AIPO?

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, DRAM or AIPO?

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

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

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

What is the main difference between DRAM and AIPO?

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