DRAL ETF — Defiance Daily Target 2X Long DRAM ETF

Defiance Daily Target 2X Long DRAM ETF (DRAL)

DRAL is an ETF linked to Roundhill Memory ETF (DRAM). As of September 3, 2026, its expense ratio is 1.31%. Total return is -57.3% over the past 0.2 years, 30.1 points behind DRAM at -27.2%.

Defiance Daily Target 2X Long DRAM ETF is a leveraged ETF that seeks to deliver twice the daily percentage change of the Roundhill Memory ETF (DRAM), which tracks memory chip companies, through the use of swap agreements and options contracts that are rebalanced daily. The fund carries a 1.31% expense ratio and a modest asset base. This fund is designed for active traders seeking short-term leveraged exposure to the semiconductor memory sector, not for long-term buy-and-hold investors.

DRAL performance versus DRAM

Data as of September 3, 2026.

Total return is -57.3% over the past 0.2 years, 30.1 points behind DRAM at -27.2%.

DRAL key facts

Data as of September 3, 2026.

Issuer

Defiance ETFs

Asset type

ETF

Asset class

Equity

Inception date

06/24/2026

Expense ratio

1.31%

Distribution frequency

None

30-day SEC yield

-0.76%

Last close

$10.31

NAV

$10.40

Premium / discount

0.87% discount

AUM

$19,550,728

Average volume

142045.0

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. The 30-day SEC yield (-0.76%) is the SEC standardized figure when we have it. An issuer may publish a different SEC or TTM yield using another as-of date or share-class convention. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

Primary sources: Defiance ETFs or company page; Index: Roundhill Memory ETF (DRAM); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DRAL risks and drawbacks

Total return has trailed DRAM over the available window.

Who may consider DRAL — and who may not

It is a weaker fit for investors who need monthly cash flow (DRAL does not currently distribute); investors hunting double-digit covered-call yields; investors whose main goal is matching DRAM total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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