UX vs. DRAM

Last updated Jun 24, 2026

UX (Roundhill Uranium ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - UX is a Uranium fund actively managed by Roundhill, while DRAM is a Technology Equities fund actively managed by Roundhill. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. UX charges 0.75%/yr vs 0.65%/yr for DRAM.

Performance

UX vs. DRAM - Performance Comparison

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

Returns By Period

UX

• 1D: -0.14%
• 1M: -4.39%
• YTD: -5.87%
• 6M: -5.85%
• 1Y: -0.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRAM

• 1D: -14.25%
• 1M: 31.05%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UX vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
UX Roundhill Uranium ETF	-9.02%
DRAM Roundhill Memory ETF	156.37%

Correlation

The correlation between UX and DRAM is 0.32, 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	0.32

UX vs. DRAM - Sectors Allocation Comparison

Sectors	UX	DRAM
Energy	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

UX vs. DRAM — Risk / Return Rank

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

UX

UX Risk / Return Rank: 9
UX Sharpe Ratio Rank: 9
UX Sortino Ratio Rank: 9
UX Omega Ratio Rank: 9
UX Calmar Ratio Rank: 9
UX Martin Ratio Rank: 8

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.

UX vs. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Uranium ETF (UX) 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.

	UX	DRAM	Difference
Sharpe ratio: Return per unit of total volatility	-0.03	—	—
Sortino ratio: Return per unit of downside risk	0.21	—	—
Omega ratio: Gain probability vs. loss probability	1.02	—	—
Calmar ratio: Return relative to maximum drawdown	-0.04	—	—
Martin ratio: Return relative to average drawdown	-0.07	—	—

Drawdowns

UX vs. DRAM - Drawdown Comparison

The maximum UX drawdown since its inception was -24.92%, which is greater than DRAM's maximum drawdown of -19.97%. Use the drawdown chart below to compare losses from any high point for UX and DRAM.

Drawdown Indicators

	UX	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-24.92%	-19.97%	-4.95%
Max Drawdown (1Y) Largest decline over 1 year	-24.92%	—	—
Current Drawdown Current decline from peak	-23.84%	-14.25%	-9.59%
Average Drawdown Average peak-to-trough decline	-10.58%	-3.09%	-7.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.97%	—	—

Volatility

Volatility by Period

	UX	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.95%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.10%	93.22%	-59.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.99%	93.22%	-57.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.99%	93.22%	-57.23%

UX vs. DRAM - Expense Ratio Comparison

UX has a 0.75% expense ratio, which is higher than DRAM's 0.65% expense ratio.

Dividends

UX vs. DRAM - Dividend Comparison

UX's dividend yield for the trailing twelve months is around 1.57%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025
DRAM Roundhill Memory ETF	0.00%	0.00%
UX Roundhill Uranium ETF	1.57%	1.48%

Frequently Asked Questions

Can I hold both UX and DRAM in my portfolio?

UX and DRAM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UX 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, UX or DRAM?

DRAM is cheaper with a 0.65% expense ratio, compared with 0.75% for UX.

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

UX has the higher dividend yield at 1.57%, compared with 0.00% for DRAM.

What is the main difference between UX and DRAM?

UX is categorized as Uranium, while DRAM is Technology Equities. Their fees differ too: 0.75% for UX and 0.65% for DRAM.