DRAM vs. TPYP

Last updated Jul 17, 2026

DRAM (Roundhill Memory ETF) and TPYP (Tortoise North American Pipeline Fund) are both exchange-traded funds - DRAM is a Technology Equities fund actively managed by Roundhill, while TPYP is a Energy Equities fund tracking the Tortoise North American Pipeline Index. DRAM is actively managed, while TPYP is passively managed. At a correlation of -0.30, they often move in opposite directions. DRAM charges 0.65%/yr vs 0.40%/yr for TPYP.

Performance

DRAM vs. TPYP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and Tortoise North American Pipeline Fund (TPYP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAM

• 1D: -8.82%
• 1M: -23.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TPYP

• 1D: 1.14%
• 1M: 5.16%
• 6M: 24.02%
• YTD: 25.44%
• 1Y: 28.86%
• 3Y*: 25.90%
• 5Y*: 19.93%
• 10Y*: 11.64%

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

DRAM vs. TPYP - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	93.85%
TPYP Tortoise North American Pipeline Fund	4.88%

Correlation

The correlation between DRAM and TPYP is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	-0.30

DRAM vs. TPYP - Sectors Allocation Comparison

Sectors	DRAM	TPYP
Technology	58.3%	-
Basic Materials	-	0.1%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	68.7%
Healthcare	-	-
Industrials	-	0.1%
Real Estate	-	-
Utilities	-	22.0%
Financial Services	-2.3%	2.4%

Return for Risk

DRAM vs. TPYP — 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.

TPYP

TPYP Risk / Return Rank: 80
TPYP Sharpe Ratio Rank: 83
TPYP Sortino Ratio Rank: 83
TPYP Omega Ratio Rank: 77
TPYP Calmar Ratio Rank: 90
TPYP Martin Ratio Rank: 70

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. TPYP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and Tortoise North American Pipeline Fund (TPYP). 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	TPYP	Difference
Sharpe ratio: Return per unit of total volatility	—	2.11	—
Sortino ratio: Return per unit of downside risk	—	2.97	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	4.24	—
Martin ratio: Return relative to average drawdown	—	10.13	—

Drawdowns

DRAM vs. TPYP - Drawdown Comparison

The maximum DRAM drawdown since its inception was -35.16%, smaller than the maximum TPYP drawdown of -51.91%. Use the drawdown chart below to compare losses from any high point for DRAM and TPYP.

Drawdown Indicators

	DRAM	TPYP	Difference
Max Drawdown Largest peak-to-trough decline	-35.16%	-51.91%	+16.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.91%	—
Current Drawdown Current decline from peak	-35.16%	-1.03%	-34.13%
Average Drawdown Average peak-to-trough decline	-6.83%	-7.85%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.86%	—

Volatility

Volatility by Period

	DRAM	TPYP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	97.73%	13.73%	+84.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.73%	17.44%	+80.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	97.73%	21.90%	+75.83%

DRAM vs. TPYP - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is higher than TPYP's 0.40% expense ratio.

Dividends

DRAM vs. TPYP - Dividend Comparison

DRAM has not paid dividends to shareholders, while TPYP's dividend yield for the trailing twelve months is around 3.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
TPYP Tortoise North American Pipeline Fund	3.15%	3.91%	3.95%	4.83%	4.48%	4.86%	6.14%	4.45%	4.58%	3.71%	3.49%	2.56%

Frequently Asked Questions

Can I hold both DRAM and TPYP in my portfolio?

DRAM and TPYP have a correlation of -0.30, 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 TPYP?

On fees, TPYP is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAM or TPYP?

TPYP is cheaper with a 0.40% expense ratio, compared with 0.65% for DRAM.

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

TPYP has the higher dividend yield at 3.15%, compared with 0.00% for DRAM.

What is the main difference between DRAM and TPYP?

DRAM is categorized as Technology Equities, while TPYP is Energy Equities. They also come from different issuers: Roundhill and Tortoise. Their fees differ too: 0.65% for DRAM and 0.40% for TPYP.