WARP vs. DRAM

Last updated Jun 4, 2026

WARP (VanEck Space ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - WARP is a Industrials Equities fund tracking the MarketVector Space Index, while DRAM is a Technology Equities fund actively managed by Roundhill. WARP is passively managed, while DRAM is actively managed. At a 0.33 correlation, their price movements are largely independent. WARP charges 0.50%/yr vs 0.65%/yr for DRAM.

Performance

WARP vs. DRAM - Performance Comparison

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

Returns By Period

WARP

• 1D: -6.84%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DRAM

• 1D: 0.20%
• 1M: 64.14%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

WARP vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
WARP VanEck Space ETF	23.47%
DRAM Roundhill Memory ETF	49.75%

Correlation

The correlation between WARP and DRAM is 0.33, 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 May 8, 2026	0.33

Return for Risk

WARP vs. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Space ETF (WARP) 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

	WARP	DRAM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	22.26	341.95	-319.69

Drawdowns

WARP vs. DRAM - Drawdown Comparison

The maximum WARP drawdown since its inception was -18.67%, which is greater than DRAM's maximum drawdown of -10.46%. Use the drawdown chart below to compare losses from any high point for WARP and DRAM.

Drawdown Indicators

	WARP	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-18.67%	-10.46%	-8.21%
Current Drawdown Current decline from peak	-18.67%	0.00%	-18.67%
Average Drawdown Average peak-to-trough decline	-3.23%	-1.64%	-1.59%

Volatility

Volatility by Period

	WARP	DRAM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	83.83%	73.92%	+9.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.83%	73.92%	+9.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.83%	73.92%	+9.91%

WARP vs. DRAM - Expense Ratio Comparison

WARP has a 0.50% expense ratio, which is lower than DRAM's 0.65% expense ratio.

Dividends

WARP vs. DRAM - Dividend Comparison

Neither WARP nor DRAM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WARP and DRAM in my portfolio?

WARP and DRAM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WARP or DRAM?

On fees, WARP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WARP or DRAM?

WARP is cheaper with a 0.50% expense ratio, compared with 0.65% for DRAM.

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

WARP and DRAM have nearly identical dividend yields, around 0.00%.

What is the main difference between WARP and DRAM?

WARP is categorized as Industrials Equities, while DRAM is Technology Equities. They also come from different issuers: VanEck and Roundhill. Their fees differ too: 0.50% for WARP and 0.65% for DRAM.