DRAM vs. CHPX

Last updated Jul 14, 2026

DRAM (Roundhill Memory ETF) and CHPX (Global X AI Semiconductor & Quantum ETF) are both exchange-traded funds - DRAM is a Technology Equities fund actively managed by Roundhill, while CHPX is a Semiconductors fund tracking the Global X AI Semiconductor & Quantum Index. DRAM is actively managed, while CHPX is passively managed. Their correlation of 0.87 suggests significant overlap in exposure. DRAM charges 0.65%/yr vs 0.50%/yr for CHPX.

Performance

DRAM vs. CHPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and Global X AI Semiconductor & Quantum ETF (CHPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAM

• 1D: -9.11%
• 1M: -11.86%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CHPX

• 1D: -4.77%
• 1M: -5.97%
• 6M: 61.64%
• YTD: 73.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAM vs. CHPX - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	112.22%
CHPX Global X AI Semiconductor & Quantum ETF	61.06%

Correlation

The correlation between DRAM and CHPX is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.87

Return for Risk

DRAM vs. CHPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and Global X AI Semiconductor & Quantum ETF (CHPX). 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.

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

Drawdowns

DRAM vs. CHPX - Drawdown Comparison

The maximum DRAM drawdown since its inception was -29.01%, which is greater than CHPX's maximum drawdown of -15.15%. Use the drawdown chart below to compare losses from any high point for DRAM and CHPX.

Drawdown Indicators

	DRAM	CHPX	Difference
Max Drawdown Largest peak-to-trough decline	-29.01%	-15.15%	-13.86%
Current Drawdown Current decline from peak	-29.01%	-14.33%	-14.68%
Average Drawdown Average peak-to-trough decline	-5.85%	-4.35%	-1.50%

Volatility

Volatility by Period

	DRAM	CHPX	Difference
Volatility (1Y) Calculated over the trailing 1-year period	96.31%	43.72%	+52.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.31%	43.72%	+52.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.31%	43.72%	+52.59%

DRAM vs. CHPX - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is higher than CHPX's 0.50% expense ratio.

Dividends

DRAM vs. CHPX - Dividend Comparison

DRAM has not paid dividends to shareholders, while CHPX's dividend yield for the trailing twelve months is around 0.03%.

Position	TTM	2025
CHPX Global X AI Semiconductor & Quantum ETF	0.03%	0.06%
DRAM Roundhill Memory ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DRAM and CHPX in my portfolio?

DRAM and CHPX have a correlation of 0.87, 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 CHPX?

On fees, CHPX is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAM or CHPX?

CHPX is cheaper with a 0.50% expense ratio, compared with 0.65% for DRAM.

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

CHPX has the higher dividend yield at 0.03%, compared with 0.00% for DRAM.

What is the main difference between DRAM and CHPX?

DRAM is categorized as Technology Equities, while CHPX is Semiconductors. They also come from different issuers: Roundhill and Global X. Their fees differ too: 0.65% for DRAM and 0.50% for CHPX.