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.
VanEck is known for offering specialized and thematic ETFs across diverse asset classes, including commodities, digital assets, and sector-specific investments. The firm's 22-fund lineup spans income-generating options, covered call strategies, and growth-focused equity funds, with popular tickers including GDX (gold miners), SMH (semiconductors), MOAT (competitive advantage stocks), and HODL (bitcoin). VanEck distinguishes itself through niche exposure areas such as digital assets, commodities, and thematic investing strategies, complemented by traditional bond and municipal bond offerings.
See our curated list of related YouTube videos on SMHX.
MarketVector US Listed Fabless Semiconductor Index
Objective
Growth
Seeks to track, before fees and expenses, the price and yield performance of the MarketVector US Listed Fabless Semiconductor Index, which is composed of U.S.-listed fabless semiconductor companies that design and sell chips while outsourcing fabrication.
Asset class
Equity
Equity
Inception date
04/02/2026
08/27/2024
Beta
—
2.2504
Last dividend
—
$0.0090
Ex-dividend date
—
12/22/2025
— Distribution yield, last dividend, and ex-dividend date are not yet available because DRAM launched April 2026; these fields will populate after the first distribution.
Bottom lineChoose DRAM if you want broad equity exposure. Choose SMHX if you want higher current income (0.02% while DRAM makes no distribution).
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
SMHX has been the steadier holding, though — annualized volatility of 52.3% against 96.9% for DRAM. Figures are total returns: price change plus every distribution reinvested.
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 Apr 2026” measures every fund from April 2, 2026 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 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 Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
DRAM (Roundhill Memory ETF) and SMHX (VanEck Fabless Semiconductor ETF) are both ETFs, but they take different approaches.
SMHX currently shows a 0.02% distribution yield. DRAM has not yet established a full distribution history, so a comparable yield figure is not available.
SMHX is cheaper with an expense ratio of 0.35% compared to 0.65%.
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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 SMHX would produce $0.17/month, at current distribution rates.
DRAM yield—
SMHX yield0.02%
Cost & efficiency
Over 10 years on $10,000, DRAM would cost approximately $650 in fees vs $350 for SMHX (simplified, not compounded). The $300.00 difference may be offset by yield or performance.
DRAM ER0.65%
SMHX ER0.35%
Strategy & risk
DRAM is an ETF, while SMHX tracks MarketVector US Listed Fabless Semiconductor Index with a technology approach.
DRAM beta—
SMHX beta2.2504
Fund details
DRAM is managed by Roundhill Investments (launched 04/02/2026) with $23.4B in assets. SMHX is managed by VanEck (launched 08/27/2024) with $253M in assets.
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Frequently asked questions
Which of DRAM or SMHX pays more dividend income?
SMHX 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 SMHX?
DRAM (Roundhill Memory ETF) is an ETF, while SMHX (VanEck Fabless Semiconductor ETF) tracks MarketVector US Listed Fabless Semiconductor Index with a technology approach. They are issued by Roundhill Investments and VanEck respectively.
Can I hold both DRAM and SMHX?
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 SMHX?
DRAM has an expense ratio of 0.65% while SMHX charges 0.35%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in DRAM vs SMHX generate?
At current rates, DRAM has not established a distribution history yet, so a monthly income estimate is not available. The same in SMHX would produce about $0.17 per month ($2.00 annually).
Which has performed better historically, DRAM or SMHX?
SMHX has been the steadier holding, though — annualized volatility of 52.3% against 96.9% for DRAM. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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