DRAM vs. VVOAX

Last updated Jun 9, 2026

DRAM (Roundhill Memory ETF) and VVOAX (Invesco Value Opportunities Fund) are both funds - DRAM is a Technology Equities fund actively managed by Roundhill, while VVOAX is a Mid Cap Value Equities fund managed by Invesco. A 0.51 correlation means they provide meaningful diversification when combined. DRAM charges 0.65%/yr vs 1.22%/yr for VVOAX.

Performance

DRAM vs. VVOAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Memory ETF (DRAM) and Invesco Value Opportunities Fund (VVOAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAM

• 1D: 8.48%
• 1M: 14.62%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VVOAX

• 1D: -4.79%
• 1M: 2.13%
• YTD: 18.97%
• 6M: 18.56%
• 1Y: 41.92%
• 3Y*: 29.80%
• 5Y*: 17.40%
• 10Y*: 15.70%

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

DRAM vs. VVOAX - Yearly Performance Comparison

	2026 (YTD)
DRAM Roundhill Memory ETF	124.15%
VVOAX Invesco Value Opportunities Fund	11.58%

Correlation

The correlation between DRAM and VVOAX is 0.51, 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 2, 2026	0.51

Return for Risk

DRAM vs. VVOAX — Risk / Return Rank

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

VVOAX

VVOAX Risk / Return Rank: 74
VVOAX Sharpe Ratio Rank: 72
VVOAX Sortino Ratio Rank: 58
VVOAX Omega Ratio Rank: 62
VVOAX Calmar Ratio Rank: 92
VVOAX Martin Ratio Rank: 89

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. VVOAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Memory ETF (DRAM) and Invesco Value Opportunities Fund (VVOAX). 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	VVOAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.82	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	91.43	0.40	+91.03

Drawdowns

DRAM vs. VVOAX - Drawdown Comparison

The maximum DRAM drawdown since its inception was -19.97%, smaller than the maximum VVOAX drawdown of -62.08%. Use the drawdown chart below to compare losses from any high point for DRAM and VVOAX.

Drawdown Indicators

	DRAM	VVOAX	Difference
Max Drawdown Largest peak-to-trough decline	-19.97%	-62.08%	+42.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-24.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.80%	—
Current Drawdown Current decline from peak	-13.18%	-4.79%	-8.39%
Average Drawdown Average peak-to-trough decline	-2.40%	-11.72%	+9.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.58%	—

Volatility

Volatility by Period

	DRAM	VVOAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	85.85%	18.55%	+67.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.85%	21.27%	+64.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.85%	24.24%	+61.61%

DRAM vs. VVOAX - Expense Ratio Comparison

DRAM has a 0.65% expense ratio, which is lower than VVOAX's 1.22% expense ratio.

Dividends

DRAM vs. VVOAX - Dividend Comparison

DRAM has not paid dividends to shareholders, while VVOAX's dividend yield for the trailing twelve months is around 8.77%.

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%
VVOAX Invesco Value Opportunities Fund	8.77%	10.43%	7.79%	2.27%	9.79%	8.82%	0.25%	1.95%	15.44%	5.11%	1.10%	15.87%

Frequently Asked Questions

Can I hold both DRAM and VVOAX in my portfolio?

DRAM and VVOAX have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.