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Dividend Vision

ETF Comparison

DRAM vs KMEM: Two Memory-Chip ETFs at the Same Fee

A head-to-head of Kurv Memory Select ETF and Roundhill Memory ETF covering holdings, structure, size, and cost.

Updated October 16, 2026

No track record yet. KMEM launched within the last six months. The forward distribution rate is left blank until a payout is published.

How these figures are calculated: methodology.

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.

DRAM has outpaced KMEM over the year to date, posting a 67.33% total return against -33.76%. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolYTD cumulativeSince Jul 2026Volatility Sharpe Sortino Max drawdown
DRAM67.33%-29.47%76.7%-1.58-2.11-31.9%
KMEM-33.76%-33.76%82.0%-1.74-2.27-37.1%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of October 16, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Jul 2026” measures every fund from July 1, 2026 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Jul 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Jul 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Not a distribution payer

DRAM (Roundhill Memory ETF) has no distribution rate on file and its distribution frequency is None. DRAM is not a payer. The blank yield is not a zero yield. KMEM (Kurv Memory Select ETF) has no distribution rate on file and its distribution frequency is None. KMEM is not a payer. The blank yield is not a zero yield.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricDRAMKMEM
Full nameRoundhill Memory ETFKurv Memory Select ETF
IssuerRoundhill InvestmentsKurv
Last Close$46.45 as of October 16, 2026$15.31 as of October 16, 2026
Distribution rate——
Distribution Safety Score™ ——
Expense ratio0.65%0.65%
AUM$18.8B$28.0M
Distribution frequencyNoneNone
Underlying index—Basket (Memory Semiconductor Stocks)
ObjectiveSeeks capital appreciation by investing at least 80% of net assets in the equity securities of memory companies, or in swaps and forward contracts that provide equivalent exposure.Kurv Memory Select ETF seeks to provide targeted exposure to the companies dominating memory chip production.
Asset classEquityEquity
Inception date04/02/202606/30/2026
Beta4.1626—

— Distribution rate, Safety-Adjusted Yield, last dividend, and ex-dividend date are not yet available because KMEM launched June 2026; these fields will populate after the first distribution.

Bottom lineWe won't call this one: KMEM launched June 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer ETF as provisional.

Two memory-chip baskets at the same fee

Both target memory-chip makers and neither pays a distribution. DRAM may use swaps and forwards and is far larger; KMEM is a newer select basket. Structure and size are the split.

DRAMKMEM
ApproachMemory companies; swaps and forwards allowedSelect basket of memory-chip leaders
Expense ratio0.65%0.65%
Distribution rate——
Fund size$18.8B$28.0M
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Roundhill Investments
ETFs57
Total AUM$31.4B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Roundhill Investments is known for offering innovative, specialized ETFs that often feature weekly dividend distributions and exposure to trending themes and individual mega-cap stocks. Their lineup spans income-focused strategies, leveraged products, thematic investments in areas like cryptocurrency and artificial intelligence, and weekly-pay funds that appeal to investors seeking frequent distributions. The issuer has built a distinctive niche with products targeting both traditional income seekers and those interested in emerging sectors, offering a diverse range of tickers that go well beyond conventional dividend vehicles.

See our curated list of related YouTube videos on DRAM.

See all ETFs from Roundhill Investments
Kurv
ETFs16
Total AUM$649M

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Kurv is known for developing actively managed, single-stock and thematic covered call ETFs that generate income through options strategies. The issuer's lineup spans fixed income, growth and income, precious metals strategies, and thematic investing approaches, with a notable focus on single-stock income products tied to mega-cap technology and consumer companies. Kurv's breadth includes both traditional covered call strategies and more specialized offerings in metals and sector-specific themes, appealing to investors seeking equity income across various market segments.

See our curated list of related YouTube videos on KMEM.

See all ETFs from Kurv

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Quick verdict

DRAM (Roundhill Memory ETF) and KMEM (Kurv Memory Select ETF) are both ETFs, but they take different approaches.

DRAM has $18.8B in assets vs $28.0M for KMEM, but KMEM only launched June 2026 — AUM comparisons will become more meaningful as it builds a track record.

Deep dive

Yield & income

On a $10,000 investment, DRAM has no reported distribution yield yet, so a cash estimate is not available, while KMEM has no reported distribution yield yet, so a cash estimate is not available, at current distribution rates.

DRAM yield—
KMEM yield—

Cost & efficiency

Over 10 years on $10,000, DRAM would cost approximately $650 in fees vs $650 for KMEM (simplified, not compounded). Both charge the same expense ratio.

DRAM ER0.65%
KMEM ER0.65%

Strategy & risk

DRAM is an ETF built around a thematic strategy, while KMEM tracks Basket (Memory Semiconductor Stocks) with an artificial intelligence (ai) approach.

DRAM beta4.1626
KMEM beta—

Fund details

DRAM is managed by Roundhill Investments (launched 04/02/2026) with $18.8B in assets. KMEM is managed by Kurv (launched 06/30/2026) with $28.0M in assets.

DRAM AUM$18.8B
KMEM AUM$28.0M
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Frequently asked questions

Which has lower fees, DRAM or KMEM?

DRAM (Roundhill Memory ETF) charges 0.65% and KMEM (Kurv Memory Select ETF) charges 0.65% as of October 2026. Neither pays a distribution, so the fee is the whole ongoing cost of owning the memory basket. DRAM may use swaps and forward contracts for exposure it cannot hold directly; KMEM holds a select basket of the companies that dominate memory-chip production. Size is $18.8B versus $28.0M. Holdings and structure, not the fee, are the split.

What is the difference between DRAM and KMEM?

Both target memory-chip makers. DRAM (Roundhill Memory ETF) invests at least 80% in memory companies and may use swaps and forward contracts for equivalent exposure. KMEM (Kurv Memory Select ETF) holds a select basket of the companies that dominate memory-chip production. DRAM launched in April 2026 and KMEM in June 2026, so both records are short. Which memory companies each holds, and how much, is the real choice.

Which of DRAM or KMEM pays more dividend income?

Neither DRAM nor KMEM currently reports a distribution yield, so neither is an income fund today. Compare them on holdings, cost, and total return instead.

Can I hold both DRAM and KMEM?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

How much income does $10,000 in DRAM vs KMEM generate?

At current rates, DRAM does not pay distributions, so there is no cash income to estimate. KMEM does not pay distributions, so there is no cash income to estimate.

Which has performed better historically, DRAM or KMEM?

DRAM has outpaced KMEM over the year to date, posting a 67.33% total return against -33.76%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

DRAM vs KMEM — at a glance

Generated October 11, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

Overview

DRAM and KMEM are both thematic ETFs focused on memory semiconductor companies—the chipmakers driving data storage and AI infrastructure. The critical distinction is scale: DRAM is a large, established fund with $18.8B in assets, while KMEM is a much newer, smaller fund with $28.0M. Both charge identical 0.65% expense ratios and pay no distributions, making them pure capital-appreciation plays on memory chip demand.

How they differ

The largest difference is asset base. DRAM's massive scale suggests a more liquid, lower-cost entry point; KMEM's smaller asset pool may experience wider bid-ask spreads and less reliable order execution.

DRAM carries a published beta of 4.1626, indicating roughly 4× the volatility of the broader market—a significant amplification of price swings. This metric is not available for KMEM.

Both funds launched recently (DRAM in April 2026, KMEM in June 2026), making them among the newest entries in the memory-chip thematic space. The expense ratio tie at 0.65% means fee differences won't drive performance divergence—the gap will come from tracking error, bid-ask spreads, and index methodology.

Who each is best for

  • DRAM: Investors with high risk tolerance seeking concentrated exposure to memory semiconductors and willing to tolerate extreme volatility.
  • KMEM: Investors exploring an alternative memory-chip thematic with potentially different index construction or sector emphasis, who can accept wider spreads and less-established trading patterns.

Key risks to know

  • Sector concentration risk: Both funds concentrate exposure to memory chip manufacturers, which means performance swings with a single industry cycle. Memory demand is cyclical and capital-intensive; weakness in data center or consumer spending quickly pressures chip prices and valuations.
  • Extreme volatility in DRAM: A beta of 4.1626 means a 10% market decline could produce a 41%+ drop in DRAM, amplifying losses in downturns and whipsaw risk around earnings announcements or supply-chain disruptions specific to memory chips.
  • Tracking error from index methodology: Without details on how each fund selects memory stocks (market-cap weighting, equal-weight, qualitative thresholds), performance may diverge from a common memory-chip benchmark. DRAM's scale may support more precise replication; KMEM's smaller size may incur higher cash drag or sampling error. If you're hunting for a newer, potentially differentiated memory-chip strategy and can tolerate wider trading spreads, KMEM warrants consideration—but its tiny asset pool creates real risk of poor execution or fund closure. Both are aggressive, concentrated bets on a cyclical industry; neither is suitable for income or capital preservation. Past performance does not predict future results.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

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How to read a fund's stats How expense ratios eat returns Correlation between two funds

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These comparisons follow the Dividend Vision methodology.