ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Roundhill Investments is known for offering specialized ETFs that focus on income generation and thematic investing strategies. The firm operates 42 funds across five distinct families—Core, HALO, Income, Thematic, and WeeklyPay—with a particular emphasis on covered call strategies and weekly distribution products designed to generate regular cash flows. Notable offerings include ticker symbols like AAPW, AMDW, and AMZW (which employ covered call strategies on major technology stocks), along with thematic funds covering areas such as artificial intelligence (CHAT), cryptocurrency mining (DRAM), and other innovative sectors.
See our curated list of related YouTube videos on DRAM.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
KraneShares is known for pioneering thematic and alternative ETF strategies that capture emerging trends and specialized market segments. The issuer's fund lineup spans income-focused strategies, including covered call and high-yield approaches, alongside thematic funds targeting areas like artificial intelligence, cryptocurrency, cannabis, and other innovative sectors. KraneShares distinguishes itself through a diversified portfolio of specialized ETFs designed for investors seeking exposure beyond traditional asset classes, with a particular emphasis on capturing opportunities in evolving industries and alternative income generation strategies.
See our curated list of related YouTube videos on LUMA.
Seeks capital appreciation by investing in public and private companies worldwide that build photonic and optical hardware — optical interconnects, transceivers, fiber-optic cables, lasers, and other light-based infrastructure moving data for AI and the modern digital economy.
Asset class
Equity
Equity
Inception date
04/02/2026
07/14/2026
— Distribution yield, last dividend, and ex-dividend date are not yet available because DRAM launched April 2026 and LUMA launched July 2026; these fields will populate after the first distribution.
Bottom lineDRAM and LUMA are nearly interchangeable — both offer very similar thematic exposure with very similar cost and risk. The clearest tie-breaker is cost: DRAM is cheaper at 0.65% vs 0.69%.
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Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 23, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jul 2026” measures every fund from July 15, 2026 — the youngest fund's first trading day — so all funds share one comparison window.
Quick verdict
DRAM (Roundhill Memory ETF) and LUMA (KraneShares Photonic and Optical ETF) are both ETFs, but they take different approaches.
DRAM is cheaper with an expense ratio of 0.65% compared to 0.69%.
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On a $10,000 investment, DRAM has no reported distribution yield yet, so a monthly income estimate is not available, while LUMA has no reported distribution yield yet, so a monthly income estimate is not available, at current distribution rates.
DRAM yield—
LUMA yield—
Cost & efficiency
Over 10 years on $10,000, DRAM would cost approximately $650 in fees vs $690 for LUMA (simplified, not compounded). The $40.00 difference may be offset by yield or performance.
DRAM ER0.65%
LUMA ER0.69%
Strategy & risk
DRAM is an ETF, while LUMA is an ETF.
Fund details
DRAM is managed by Roundhill Investments (launched 04/02/2026) with $23.4B in assets. LUMA is managed by KraneShares (launched 07/14/2026).
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Frequently asked questions
Which of DRAM or LUMA pays more dividend income?
LUMA currently reports a distribution yield, while DRAM has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.
What is the difference between DRAM and LUMA?
DRAM (Roundhill Memory ETF) is an ETF, while LUMA (KraneShares Photonic and Optical ETF) is an ETF. They are issued by Roundhill Investments and KraneShares respectively.
Can I hold both DRAM and LUMA?
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.
Which has lower fees, DRAM or LUMA?
DRAM has an expense ratio of 0.65% while LUMA charges 0.69%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DRAM vs LUMA generate?
At current rates, DRAM has not established a distribution history yet, so a monthly income estimate is not available. LUMA has not established a distribution history yet, so a monthly income estimate is not available.
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