DRAM vs. FRDM

Last updated Jul 21, 2026

DRAM (Roundhill Memory ETF) and FRDM (Freedom 100 Emerging Markets ETF) are both exchange-traded funds - DRAM is a Technology Equities fund actively managed by Roundhill, while FRDM is a Emerging Markets Diversified fund tracking the Life + Liberty Freedom 100 Emerging Markets Index. DRAM is actively managed, while FRDM is passively managed. Their correlation of 0.85 suggests significant overlap in exposure. DRAM charges 0.65%/yr vs 0.49%/yr for FRDM.

Performance

DRAM vs. FRDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and Freedom 100 Emerging Markets ETF (FRDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAM

• 1D: 0.64%
• 1M: -30.83%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FRDM

• 1D: -0.48%
• 1M: -14.88%
• 6M: 16.73%
• YTD: 26.86%
• 1Y: 62.81%
• 3Y*: 29.03%
• 5Y*: 16.96%
• 10Y*: —
• ALL TIME*: 16.82%

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

DRAM vs. FRDM - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	96.52%
FRDM Freedom 100 Emerging Markets ETF	15.99%

Correlation

The correlation between DRAM and FRDM is 0.85, 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	0.85

DRAM vs. FRDM - Sectors Allocation Comparison

Sectors	DRAM	FRDM
Technology	100.0%	8.2%
Basic Materials	-	3.4%
Communication Services	-	0.6%
Consumer Cyclical	-	3.6%
Consumer Defensive	-	0.9%
Energy	-	1.7%
Healthcare	-	0.1%
Industrials	-	0.3%
Real Estate	-	2.3%
Utilities	-	1.2%
Financial Services	-2.3%	15.3%

Return for Risk

DRAM vs. FRDM — 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.

FRDM

FRDM Risk / Return Rank: 84
FRDM Sharpe Ratio Rank: 87
FRDM Sortino Ratio Rank: 77
FRDM Omega Ratio Rank: 83
FRDM Calmar Ratio Rank: 88
FRDM Martin Ratio Rank: 84

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. FRDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and Freedom 100 Emerging Markets ETF (FRDM). 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.

	DRAM	FRDM	Difference
Sharpe ratio: Return per unit of total volatility	—	2.13	—
Sortino ratio: Return per unit of downside risk	—	2.61	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	3.74	—
Martin ratio: Return relative to average drawdown	—	12.45	—

Drawdowns

DRAM vs. FRDM - Drawdown Comparison

The maximum DRAM drawdown since its inception was -35.16%, smaller than the maximum FRDM drawdown of -40.49%. Use the drawdown chart below to compare losses from any high point for DRAM and FRDM.

Drawdown Indicators

	DRAM	FRDM	Difference
Max Drawdown Largest peak-to-trough decline	-35.16%	-40.49%	+5.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-16.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.25%	—
Current Drawdown Current decline from peak	-34.27%	-14.99%	-19.28%
Average Drawdown Average peak-to-trough decline	-7.58%	-7.09%	-0.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.06%	—

Volatility

Volatility by Period

	DRAM	FRDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.98%	—
Volatility (6M) Calculated over the trailing 6-month period	—	27.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	96.38%	29.70%	+66.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	96.38%	22.10%	+74.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	96.38%	23.48%	+72.90%

DRAM vs. FRDM - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is higher than FRDM's 0.49% expense ratio.

Dividends

DRAM vs. FRDM - Dividend Comparison

DRAM has not paid dividends to shareholders, while FRDM's dividend yield for the trailing twelve months is around 1.71%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DRAM Roundhill Memory ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FRDM Freedom 100 Emerging Markets ETF	1.71%	2.26%	2.53%	2.66%	2.72%	2.17%	1.11%	1.07%

Frequently Asked Questions

Can I hold both DRAM and FRDM in my portfolio?

DRAM and FRDM have a correlation of 0.85, 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 FRDM?

On fees, FRDM is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAM or FRDM?

FRDM is cheaper with a 0.49% expense ratio, compared with 0.65% for DRAM.

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

FRDM has the higher dividend yield at 1.71%, compared with 0.00% for DRAM.

What is the main difference between DRAM and FRDM?

DRAM is categorized as Technology Equities, while FRDM is Emerging Markets Diversified. They also come from different issuers: Roundhill and Freedom Funds. Their fees differ too: 0.65% for DRAM and 0.49% for FRDM.