XDTE vs. DRAM

Last updated Aug 6, 2026

XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) and DRAM (Roundhill Memory ETF) are both exchange-traded funds - XDTE is a Derivative Income fund actively managed by Roundhill, while DRAM is a Technology Equities fund actively managed by Roundhill. Both are actively managed. Their 0.59 correlation means they have sometimes moved together and sometimes differently. XDTE charges 0.97%/yr vs 0.65%/yr for DRAM.

Performance

XDTE vs. DRAM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) and Roundhill Memory ETF (DRAM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XDTE

• 1D: 0.05%
• 1M: 2.01%
• 6M: 9.93%
• YTD: 11.29%
• 1Y: 21.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.24%

DRAM

• 1D: -2.10%
• 1M: -17.02%
• 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	$4.16B	$4.38B	$3.61B
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	$7.06M	$7.78M	$7.52M

XDTE vs. DRAM - Yearly Performance Comparison

	2026 (YTD)
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	14.06%
DRAM Roundhill Memory ETF	99.04%

Correlation

The correlation between XDTE and DRAM is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 2, 2026	0.59

XDTE vs. DRAM - Sectors Allocation Comparison

Sectors	XDTE	DRAM
Technology	39.0%	100.0%
Financial Services	11.1%	-2.3%
Communication Services	10.6%	-
Consumer Cyclical	9.9%	-
Healthcare	8.3%	-
Industrials	7.8%	-
Consumer Defensive	4.5%	-
Energy	3.1%	-
Utilities	2.1%	-
Real Estate	1.8%	-
Basic Materials	1.7%	-

Return for Risk

XDTE vs. DRAM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XDTE

XDTE Risk / Return Rank: 71
XDTE Sharpe Ratio Rank: 69
XDTE Sortino Ratio Rank: 65
XDTE Omega Ratio Rank: 68
XDTE Calmar Ratio Rank: 71
XDTE Martin Ratio Rank: 80

DRAM

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XDTE vs. DRAM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) 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.

	XDTE	DRAM	Difference
Sharpe ratio: Return per unit of total volatility	1.82	—	—
Sortino ratio: Return per unit of downside risk	2.45	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	2.80	—	—
Martin ratio: Return relative to average drawdown	11.88	—	—

Drawdowns

XDTE vs. DRAM - Drawdown Comparison

The maximum XDTE drawdown since its inception was -19.09%, smaller than the maximum DRAM drawdown of -44.44%. Use the drawdown chart below to compare losses from any high point for XDTE and DRAM.

Drawdown Indicators

	XDTE	DRAM	Difference
Max Drawdown Largest peak-to-trough decline	-19.09%	-44.44%	+25.35%
Max Drawdown (1Y) Largest decline over 1 year	-7.68%	—	—
Current Drawdown Current decline from peak	0.00%	-33.42%	+33.42%
Average Drawdown Average peak-to-trough decline	-2.25%	-11.32%	+9.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	—	—

Volatility

Volatility by Period

	XDTE	DRAM	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.60%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	99.91%	-88.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.85%	99.91%	-86.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.85%	99.91%	-86.06%

XDTE vs. DRAM - Expense Ratio Comparison

XDTE has a 0.97% expense ratio, which is higher than DRAM's 0.65% expense ratio.

Dividends

XDTE vs. DRAM - Dividend Comparison

XDTE's dividend yield for the trailing twelve months is around 31.42%, while DRAM has not paid dividends to shareholders.

Position	TTM	2025	2024
DRAM Roundhill Memory ETF	0.00%	0.00%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	31.42%	39.16%	20.35%

Frequently Asked Questions

Can I hold both XDTE and DRAM in my portfolio?

XDTE and DRAM have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XDTE 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, XDTE or DRAM?

DRAM is cheaper with a 0.65% expense ratio, compared with 0.97% for XDTE.

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

XDTE has the higher dividend yield at 31.42%, compared with 0.00% for DRAM.

What is the main difference between XDTE and DRAM?

XDTE is categorized as Derivative Income, while DRAM is Technology Equities. Their fees differ too: 0.97% for XDTE and 0.65% for DRAM.