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DRAM vs. CDL
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DRAM vs. CDL

Last updated Jun 24, 2026

DRAM (Roundhill Memory ETF) and CDL (VictoryShares US Large Cap High Dividend Volatility Wtd ETF) are both exchange-traded funds - DRAM is a Technology Equities fund actively managed by Roundhill, while CDL is a Large Cap Value Equities fund tracking the Nasdaq Victory U.S. Large Cap High Dividend 100 Volatility Weighted Index. DRAM is actively managed, while CDL is passively managed. At a correlation of -0.29, they often move in opposite directions. DRAM charges 0.65%/yr vs 0.35%/yr for CDL.

Performance

DRAM vs. CDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

DRAM

1D
-14.25%
1M
31.05%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

CDL

1D
1.03%
1M
0.80%
YTD
13.80%
6M
13.70%
1Y
20.88%
3Y*
15.81%
5Y*
10.12%
10Y*
11.31%
*Multi-year figures are annualized to reflect compound growth (CAGR)

DRAM vs. CDL - Yearly Performance Comparison

2026 (YTD)
DRAM
Roundhill Memory ETF		156.37%
CDL
VictoryShares US Large Cap High Dividend Volatility Wtd ETF		4.94%

Correlation

The correlation between DRAM and CDL is -0.29, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

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

-0.29

DRAM vs. CDL - Sectors Allocation Comparison

Sectors
DRAM
CDL

Technology

100.0%
8.0%

Basic Materials

-

0.0%

Communication Services

-

4.4%

Consumer Cyclical

-

6.9%

Consumer Defensive

-

15.8%

Energy

-

9.0%

Financial Services

-

23.1%

Healthcare

-

6.9%

Industrials

-

2.2%

Real Estate

-

0.0%

Utilities

-

23.7%

Technology

DRAM
100.0%
CDL
8.0%

Basic Materials

DRAM

-

CDL
0.0%

Communication Services

DRAM

-

CDL
4.4%

Consumer Cyclical

DRAM

-

CDL
6.9%

Consumer Defensive

DRAM

-

CDL
15.8%

Energy

DRAM

-

CDL
9.0%

Financial Services

DRAM

-

CDL
23.1%

Healthcare

DRAM

-

CDL
6.9%

Industrials

DRAM

-

CDL
2.2%

Real Estate

DRAM

-

CDL
0.0%

Utilities

DRAM

-

CDL
23.7%

Compare stocks, funds, or ETFs

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Roundhill Memory ETF

VictoryShares US Large Cap High Dividend Volatility Wtd ETF

Often compared with DRAM:
DRAM vs. AISDRAM vs. SMHDRAM vs. MUDRAM vs. SOXXDRAM vs. SOXQDRAM vs. QTUMDRAM vs. EWY
Often compared with CDL:
CDL vs. SCHDCDL vs. DHSCDL vs. SPLVCDL vs. SDOGCDL vs. SPYCDL vs. VYMCDL vs. JEPIX

Return for Risk

DRAM vs. CDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DRAM

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

CDL
CDL Risk / Return Rank: 7171
Overall Rank
CDL Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
CDL Sortino Ratio Rank: 7474
Sortino Ratio Rank
CDL Omega Ratio Rank: 6464
Omega Ratio Rank
CDL Calmar Ratio Rank: 7777
Calmar Ratio Rank
CDL Martin Ratio Rank: 7474
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRAM vs. CDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and VictoryShares US Large Cap High Dividend Volatility Wtd ETF (CDL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

DRAMCDLDifference
Sharpe ratioReturn per unit of total volatility

—

2.10

—

Sortino ratioReturn per unit of downside risk

—

3.09

—

Omega ratioGain probability vs. loss probability

—

1.36

—

Calmar ratioReturn relative to maximum drawdown

—

3.70

—

Martin ratioReturn relative to average drawdown

—

13.08

—

DRAM vs. CDL - Sharpe Ratio Comparison

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Drawdowns

DRAM vs. CDL - Drawdown Comparison

The maximum DRAM drawdown since its inception was -19.97%, smaller than the maximum CDL drawdown of -41.03%. Use the drawdown chart below to compare losses from any high point for DRAM and CDL.

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Drawdown Indicators

DRAMCDLDifference

Max Drawdown

Largest peak-to-trough decline

-19.97%

-41.03%

+21.06%

Max Drawdown (1Y)

Largest decline over 1 year

—

-5.66%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-12.87%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-17.28%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.03%

—

Current Drawdown

Current decline from peak

-14.25%

-0.49%

-13.76%

Average Drawdown

Average peak-to-trough decline

-3.09%

-4.33%

+1.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

1.60%

—

Volatility

DRAM vs. CDL - Volatility Comparison

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Volatility by Period

DRAMCDLDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.47%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

7.14%

—

Volatility (1Y)

Calculated over the trailing 1-year period

93.22%

9.98%

+83.24%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

93.22%

13.85%

+79.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

93.22%

17.04%

+76.18%

DRAM vs. CDL - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is higher than CDL's 0.35% expense ratio.

Dividends

DRAM vs. CDL - Dividend Comparison

DRAM has not paid dividends to shareholders, while CDL's dividend yield for the trailing twelve months is around 3.13%.

PositionTTM20252024202320222021202020192018201720162015
CDL
VictoryShares US Large Cap High Dividend Volatility Wtd ETF		3.13%3.33%3.27%3.61%3.31%2.60%3.32%3.04%3.32%2.87%2.97%1.28%
DRAM
Roundhill Memory ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DRAM and CDL have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CDL is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CDL is cheaper with a 0.35% expense ratio, compared with 0.65% for DRAM.

CDL has the higher dividend yield at 3.13%, compared with 0.00% for DRAM.

DRAM is categorized as Technology Equities, while CDL is Large Cap Value Equities. They also come from different issuers: Roundhill and Crestview. Their fees differ too: 0.65% for DRAM and 0.35% for CDL.

Portfolio Optimizer

Find the right allocation for DRAM and CDL

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