DRAM vs. MOON

Last updated Jun 23, 2026

DRAM (Roundhill Memory ETF) and MOON (Direxion Moonshot Innovators ETF) are both Technology Equities funds. DRAM is actively managed, while MOON is passively managed. At a 0.35 correlation, their price movements are largely independent. Both charge a 0.65% expense ratio.

Performance

DRAM vs. MOON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and Direxion Moonshot Innovators ETF (MOON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAM

• 1D: 5.23%
• 1M: 52.82%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MOON

• 1D: -5.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAM vs. MOON - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	44.69%
MOON Direxion Moonshot Innovators ETF	-15.19%

Correlation

The correlation between DRAM and MOON is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026	0.35

DRAM vs. MOON - Sectors Allocation Comparison

Sectors	DRAM	MOON
Technology	100.0%	42.4%
Basic Materials	-	1.2%
Communication Services	-	9.3%
Consumer Cyclical	-	11.9%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	4.2%
Healthcare	-	23.5%
Industrials	-	7.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

DRAM vs. MOON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and Direxion Moonshot Innovators ETF (MOON). 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. MOON - Drawdown Comparison

The maximum DRAM drawdown since its inception was -19.97%, which is greater than MOON's maximum drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for DRAM and MOON.

Drawdown Indicators

	DRAM	MOON	Difference
Max Drawdown Largest peak-to-trough decline	-19.97%	-15.19%	-4.78%
Current Drawdown Current decline from peak	0.00%	-15.19%	+15.19%
Average Drawdown Average peak-to-trough decline	-2.89%	-10.52%	+7.63%

Volatility

Volatility by Period

	DRAM	MOON	Difference
Volatility (1Y) Calculated over the trailing 1-year period	87.28%	13.68%	+73.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	87.28%	13.68%	+73.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.28%	13.68%	+73.60%

DRAM vs. MOON - Expense Ratio Comparison

Both DRAM and MOON have an expense ratio of 0.65%.

Dividends

DRAM vs. MOON - Dividend Comparison

Neither DRAM nor MOON has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DRAM and MOON in my portfolio?

DRAM and MOON have a correlation of 0.35, 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 MOON?

Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAM or MOON?

DRAM and MOON have the same expense ratio: 0.65% per year.

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

DRAM and MOON have nearly identical dividend yields, around 0.00%.

What is the main difference between DRAM and MOON?

They also come from different issuers: Roundhill and Direxion.