DRAM vs. SOXL

Last updated Jun 4, 2026

DRAM (Roundhill Memory ETF) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both exchange-traded funds - DRAM is a Technology Equities fund actively managed by Roundhill, while SOXL is a Leveraged Equities fund tracking the ICE Semiconductor Index. DRAM is actively managed, while SOXL is passively managed. A 0.60 correlation means they provide meaningful diversification when combined. DRAM charges 0.65%/yr vs 0.75%/yr for SOXL.

Performance

DRAM vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAM

• 1D: 0.20%
• 1M: 64.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXL

• 1D: 5.34%
• 1M: 119.95%
• YTD: 567.48%
• 6M: 502.28%
• 1Y: 1,438.30%
• 3Y*: 135.13%
• 5Y*: 48.72%
• 10Y*: 65.39%

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

DRAM vs. SOXL - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	151.12%
SOXL Direxion Daily Semiconductor Bull 3X ETF	431.83%

Correlation

The correlation between DRAM and SOXL is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 6, 2026	0.60

DRAM vs. SOXL - Sectors Allocation Comparison

Sectors	DRAM	SOXL
Technology	100.0%	100.0%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

DRAM vs. SOXL — Risk / Return Rank

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

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 95
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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.

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

Sharpe Ratios by Period

	DRAM	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	14.28	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	341.95	0.52	+341.44

Drawdowns

DRAM vs. SOXL - Drawdown Comparison

The maximum DRAM drawdown since its inception was -10.46%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for DRAM and SOXL.

Drawdown Indicators

	DRAM	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-10.46%	-90.46%	+80.00%
Max Drawdown (1Y) Largest decline over 1 year	—	-43.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-87.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-90.46%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.64%	-35.01%	+33.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.65%	—

Volatility

Volatility by Period

	DRAM	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	40.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	81.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	73.92%	102.11%	-28.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	73.92%	107.25%	-33.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.92%	99.04%	-25.12%

DRAM vs. SOXL - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is lower than SOXL's 0.75% expense ratio.

Dividends

DRAM vs. SOXL - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%

Frequently Asked Questions

Can I hold both DRAM and SOXL in my portfolio?

DRAM and SOXL have a correlation of 0.60, 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 SOXL?

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 SOXL?

DRAM is cheaper with a 0.65% expense ratio, compared with 0.75% for SOXL.

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

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

What is the main difference between DRAM and SOXL?

DRAM is categorized as Technology Equities, while SOXL is Leveraged Equities. They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.65% for DRAM and 0.75% for SOXL.