DRAM vs. MSTZ

Last updated Aug 1, 2026

DRAM (Roundhill Memory ETF) and MSTZ (T-REX 2X Inverse MSTR Daily Target ETF) are both exchange-traded funds - DRAM is a Technology Equities fund actively managed by Roundhill, while MSTZ is a Inverse Equities fund actively managed by REX. Both are actively managed. Their -0.29 correlation means they have often moved in opposite directions in the past. DRAM charges 0.65%/yr vs 1.05%/yr for MSTZ.

Performance

DRAM vs. MSTZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAM

• 1D: -3.76%
• 1M: -16.92%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

MSTZ

• 1D: 8.95%
• 1M: 7.38%
• 6M: -24.16%
• YTD: -30.44%
• 1Y: 159.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -86.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRAM Roundhill Memory ETF	$4.23B	$4.59B	$3.52B
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	$101.73M	$133.33M	$177.41M

DRAM vs. MSTZ - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	86.56%
MSTZ T-REX 2X Inverse MSTR Daily Target ETF	-7.38%

Correlation

The correlation between DRAM and MSTZ is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	-0.29

Return for Risk

DRAM vs. MSTZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

MSTZ

MSTZ Risk / Return Rank: 61
MSTZ Sharpe Ratio Rank: 58
MSTZ Sortino Ratio Rank: 68
MSTZ Omega Ratio Rank: 68
MSTZ Calmar Ratio Rank: 70
MSTZ Martin Ratio Rank: 42

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DRAM vs. MSTZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and T-REX 2X Inverse MSTR Daily Target ETF (MSTZ). 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	MSTZ	Difference
Sharpe ratio: Return per unit of total volatility	—	1.38	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.44	—
Martin ratio: Return relative to average drawdown	—	4.53	—

Drawdowns

DRAM vs. MSTZ - Drawdown Comparison

The maximum DRAM drawdown since its inception was -44.44%, smaller than the maximum MSTZ drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for DRAM and MSTZ.

Drawdown Indicators

	DRAM	MSTZ	Difference
Max Drawdown Largest peak-to-trough decline	-44.44%	-99.38%	+54.94%
Max Drawdown (1Y) Largest decline over 1 year	—	-84.89%	—
Current Drawdown Current decline from peak	-37.60%	-97.63%	+60.03%
Average Drawdown Average peak-to-trough decline	-10.50%	-94.63%	+84.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	45.62%	—

Volatility

Volatility by Period

	DRAM	MSTZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	37.86%	—
Volatility (6M) Calculated over the trailing 6-month period	—	134.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	100.96%	150.23%	-49.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.96%	169.87%	-68.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.96%	169.87%	-68.91%

DRAM vs. MSTZ - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is lower than MSTZ's 1.05% expense ratio.

Dividends

DRAM vs. MSTZ - Dividend Comparison

Neither DRAM nor MSTZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DRAM and MSTZ in my portfolio?

DRAM and MSTZ 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.

Which ETF is better, DRAM or MSTZ?

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 MSTZ?

DRAM is cheaper with a 0.65% expense ratio, compared with 1.05% for MSTZ.

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

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

What is the main difference between DRAM and MSTZ?

DRAM is categorized as Technology Equities, while MSTZ is Inverse Equities. They also come from different issuers: Roundhill and REX. Their fees differ too: 0.65% for DRAM and 1.05% for MSTZ.