SMHN.DE vs. DRAM

Last updated Jul 21, 2026

SMHN.DE (SÜSS MicroTec SE) is a stock, while DRAM (Roundhill Memory ETF) is Technology Equities fund actively managed by Roundhill. At a 0.38 correlation, their price movements are largely independent.

Performance

SMHN.DE vs. DRAM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SÜSS MicroTec SE (SMHN.DE) and Roundhill Memory ETF (DRAM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SMHN.DE is traded in EUR, while DRAM is traded in USD. To make them comparable, the DRAM values have been converted to EUR using the latest available exchange rates.

Returns By Period

SMHN.DE

• 1D: -3.03%
• 1M: -31.15%
• 6M: 62.78%
• YTD: 96.55%
• 1Y: 79.58%
• 3Y*: 47.08%
• 5Y*: 24.33%
• 10Y*: 27.53%
• ALL TIME*: 12.79%

DRAM

• 1D: 0.85%
• 1M: -30.54%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

SMHN.DE vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
SMHN.DE SÜSS MicroTec SE	50.11%
DRAM Roundhill Memory ETF	98.72%

Correlation

The correlation between SMHN.DE and DRAM is 0.38, 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 2, 2026	0.38

Return for Risk

SMHN.DE vs. DRAM — Risk / Return Rank

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

SMHN.DE

SMHN.DE Risk / Return Rank: 77
SMHN.DE Sharpe Ratio Rank: 78
SMHN.DE Sortino Ratio Rank: 74
SMHN.DE Omega Ratio Rank: 76
SMHN.DE Calmar Ratio Rank: 77
SMHN.DE Martin Ratio Rank: 77

DRAM

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

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.

SMHN.DE vs. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SÜSS MicroTec SE (SMHN.DE) 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.

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.

	SMHN.DE	DRAM	Difference
Sharpe ratio: Return per unit of total volatility	1.11	—	—
Sortino ratio: Return per unit of downside risk	1.66	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.82	—	—
Martin ratio: Return relative to average drawdown	4.16	—	—

Drawdowns

SMHN.DE vs. DRAM - Drawdown Comparison

The maximum SMHN.DE drawdown since its inception was -89.96%, which is greater than DRAM's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for SMHN.DE and DRAM.

Drawdown Indicators

	SMHN.DE	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-89.96%	-35.25%	-54.71%
Max Drawdown (1Y) Largest decline over 1 year	-43.38%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.63%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-65.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-69.66%	—	—
Current Drawdown Current decline from peak	-31.15%	-34.21%	+3.06%
Average Drawdown Average peak-to-trough decline	-38.99%	-7.39%	-31.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.28%	—	—

Volatility

Volatility by Period

	SMHN.DE	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.01%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	71.23%	94.80%	-23.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.92%	94.80%	-37.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.33%	94.80%	-42.47%

Dividends

SMHN.DE vs. DRAM - Dividend Comparison

SMHN.DE's dividend yield for the trailing twelve months is around 0.05%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
DRAM Roundhill Memory ETF	0.00%	0.00%	0.00%	0.00%	0.00%
SMHN.DE SÜSS MicroTec SE	0.05%	0.77%	0.41%	0.72%	1.06%

Frequently Asked Questions

Can I hold both SMHN.DE and DRAM in my portfolio?

SMHN.DE and DRAM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.