MSTW vs. DRAM

Last updated Jun 3, 2026

MSTW (Roundhill MSTR WeeklyPay ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - MSTW is a Derivative Income fund actively managed by Roundhill, while DRAM is a Technology Equities fund actively managed by Roundhill. Both are actively managed. At a 0.34 correlation, their price movements are largely independent. MSTW charges 0.99%/yr vs 0.65%/yr for DRAM.

Performance

MSTW vs. DRAM - Performance Comparison

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

Returns By Period

MSTW

• 1D: -10.09%
• 1M: -27.42%
• YTD: -16.42%
• 6M: -33.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRAM

• 1D: 2.31%
• 1M: 72.16%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSTW vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
MSTW Roundhill MSTR WeeklyPay ETF	13.33%
DRAM Roundhill Memory ETF	150.61%

Correlation

The correlation between MSTW and DRAM is 0.34, 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 Apr 6, 2026	0.34

Return for Risk

MSTW vs. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill MSTR WeeklyPay ETF (MSTW) and Roundhill Memory ETF (DRAM). 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

	MSTW	DRAM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.92	383.01	-383.93

Drawdowns

MSTW vs. DRAM - Drawdown Comparison

The maximum MSTW drawdown since its inception was -81.85%, which is greater than DRAM's maximum drawdown of -10.46%. Use the drawdown chart below to compare losses from any high point for MSTW and DRAM.

Drawdown Indicators

	MSTW	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-81.85%	-10.46%	-71.39%
Current Drawdown Current decline from peak	-76.11%	0.00%	-76.11%
Average Drawdown Average peak-to-trough decline	-54.38%	-1.68%	-52.70%

Volatility

Volatility by Period

	MSTW	DRAM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	88.79%	74.65%	+14.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.79%	74.65%	+14.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.79%	74.65%	+14.14%

MSTW vs. DRAM - Expense Ratio Comparison

MSTW has a 0.99% expense ratio, which is higher than DRAM's 0.65% expense ratio.

Dividends

MSTW vs. DRAM - Dividend Comparison

MSTW's dividend yield for the trailing twelve months is around 219.17%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025
DRAM Roundhill Memory ETF	0.00%	0.00%
MSTW Roundhill MSTR WeeklyPay ETF	219.17%	106.94%

Frequently Asked Questions

Can I hold both MSTW and DRAM in my portfolio?

MSTW and DRAM have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSTW or DRAM?

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, MSTW or DRAM?

DRAM is cheaper with a 0.65% expense ratio, compared with 0.99% for MSTW.

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

MSTW has the higher dividend yield at 219.17%, compared with 0.00% for DRAM.

What is the main difference between MSTW and DRAM?

MSTW is categorized as Derivative Income, while DRAM is Technology Equities. Their fees differ too: 0.99% for MSTW and 0.65% for DRAM.