TOPW vs. DRAM

Last updated Aug 2, 2026

TOPW (Roundhill Top WeeklyPay ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - TOPW is a Derivative Income fund tracking the Solactive Roundhill WeeklyPay Universe Index, while DRAM is a Technology Equities fund actively managed by Roundhill. TOPW is passively managed, while DRAM is actively managed. Their 0.41 correlation means their historical movements had little consistent relationship. TOPW charges 0.99%/yr vs 0.65%/yr for DRAM.

Performance

TOPW vs. DRAM - Performance Comparison

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

Returns By Period

TOPW

• 1D: 2.78%
• 1M: 2.62%
• 6M: 3.61%
• YTD: 0.61%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

DRAM

• 1D: -3.76%
• 1M: -16.92%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DRAM Roundhill Memory ETF	$4.23B	$4.59B	$3.52B
TOPW Roundhill Top WeeklyPay ETF	$2.24M	$2.19M	$2.72M

TOPW vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
TOPW Roundhill Top WeeklyPay ETF	12.39%
DRAM Roundhill Memory ETF	86.56%

Correlation

The correlation between TOPW and DRAM is 0.41, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.41

Return for Risk

TOPW vs. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Top WeeklyPay ETF (TOPW) 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.

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

Drawdowns

TOPW vs. DRAM - Drawdown Comparison

The maximum TOPW drawdown since its inception was -29.87%, smaller than the maximum DRAM drawdown of -44.44%. Use the drawdown chart below to compare losses from any high point for TOPW and DRAM.

Drawdown Indicators

	TOPW	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-29.87%	-44.44%	+14.57%
Current Drawdown Current decline from peak	-15.94%	-37.60%	+21.66%
Average Drawdown Average peak-to-trough decline	-13.53%	-10.50%	-3.03%

Volatility

Volatility by Period

	TOPW	DRAM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.68%	100.96%	-73.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	100.96%	-73.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.68%	100.96%	-73.28%

TOPW vs. DRAM - Expense Ratio Comparison

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

Dividends

TOPW vs. DRAM - Dividend Comparison

TOPW's dividend yield for the trailing twelve months is around 51.46%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025
DRAM Roundhill Memory ETF	0.00%	0.00%
TOPW Roundhill Top WeeklyPay ETF	51.46%	21.52%

Frequently Asked Questions

Can I hold both TOPW and DRAM in my portfolio?

TOPW and DRAM have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TOPW 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, TOPW or DRAM?

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

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

TOPW has the higher dividend yield at 51.46%, compared with 0.00% for DRAM.

What is the main difference between TOPW and DRAM?

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