DRMP
Unproven
Low confidence
ETF Comparison
DRMP vs HBMX: Sell Memory Upside, or Own the Stack?
A head-to-head of Tuttle Capital Memory Stack Income Blast and Concentrated Memory Stack covering overlay versus a pure memory book.
Updated November 6, 2026
No track record yet. DRMP, HBMX launched within the last six months. Where a fund has not published a payout, the forward distribution rate is left blank.
How these figures are calculated: methodology.
Price and total return
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Distribution Safety Score
An estimate of distribution reliability, not price or principal safety, a probability, or a guarantee. Score methodology.
HBMX
Not rated
No published distribution safety rating is available.
Score snapshot as of . Method 1.11.
Side-by-side snapshot
| Metric |  DRMP |  HBMX |
|---|---|---|
| Full name | Tuttle Capital Memory Stack Income Blast ETF | Tuttle Capital Concentrated Memory Stack ETF |
| Issuer | Tuttle Capital Management | Tuttle Capital Management |
| Last Close | $13.39 as of November 6, 2026 | $16.69 as of November 6, 2026 |
| Distribution rate | 31.07% | — |
| Trailing 12-month yield | 21.74% | — |
| 30-day SEC yield | 0.00% | — |
| Distribution Safety Score™ | 50 | — |
| Expense ratio | 0.95% | 0.95% |
| AUM | $4.56M | $19.4M |
| Distribution frequency | Weekly | Annual |
| Underlying index | Actively managed (no tracked index recorded) | Actively managed (no tracked index recorded) |
| Objective | Actively managed, non-diversified ETF seeking current income. Under normal market conditions the fund invests at least 80% of its net assets in equity securities of memory-stack companies (memory semiconductor and related supply-chain firms) and instruments providing economically equivalent exposure, while generating income through a systematic put credit spread strategy on memory semiconductor-related securities, ETFs, and indexes. Distributes net investment income weekly. | HBMX is an actively managed, concentrated ETF seeking long-term capital appreciation through focused exposure to the memory semiconductor ecosystem — DRAM, NAND, and high-bandwidth memory (HBM) producers plus the advanced packaging, testing, and equipment companies behind AI infrastructure. |
| Asset class | Equity | Equity |
| Inception date | 06/11/2026 | 06/02/2026 |
| Last dividend | $0.08 declared, pays 11/09/2026 | — |
| Ex-dividend date | 11/06/2026 | — |
— Distribution rate, Safety-Adjusted Yield, last dividend, and ex-dividend date are not yet available because HBMX launched June 2026; these fields will populate after the first distribution.
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.
DRMP has lagged HBMX over the year to date, posting a -48.11% total return against -41.43%. Figures are total returns: price change plus every distribution reinvested.
| Symbol | YTD cumulative | Since Jun 2026 | Volatility | Sharpe | Sortino | Max drawdown |
|---|---|---|---|---|---|---|
| DRMP | -48.11% | -48.11% | 83.9% | -1.98 | -2.45 | -57.3% |
| HBMX | -41.43% | -42.86% | 73.9% | -1.93 | -2.38 | -49.9% |
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of November 5, 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 Jun 2026” measures every fund from June 11, 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 Jun 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 Jun 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate and SEC yield
| Metric | DRMP | HBMX |
|---|---|---|
| Forward distribution rate | 31.07% | — |
| Trailing 12-month yield | 21.74% | — |
| 30-day SEC yield | 0.00% | — |
Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Visual comparison
Key metrics
Projected income on $10K
Projections assume the current yield and share price remain constant. Actual results will vary.
Bottom lineWe won't call this one: DRMP launched June 2026 and HBMX 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.
DRMP vs HBMX: memory income or concentrated memory?
Same issuer. DRMP sells memory upside for weekly cash. HBMX owns a concentrated memory stack.
| DRMP | HBMX | |
|---|---|---|
| What it is | Weekly income overlay on memory | Concentrated memory-stack equities |
| Expense ratio | 0.95% | 0.95% |
| Distribution rate | 31.07% | — |
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
- Added downside and premium dependence. DRMP generates income by selling puts, which adds losses when the underlying falls; the premium collected is the most the puts can earn. Distributions can include return of capital, and a payout the strategy cannot sustain shows up as NAV erosion over time — the big yield number is not free.
Learn the mechanics: Return of capital, explained · NAV erosion, explained
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
ETFs19
Total AUM$1.26B
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
Tuttle Capital Management is known for creating specialized, thematic, and income-focused ETFs that often target niche market segments and unconventional investment themes. The issuer's fund lineup spans income strategies, covered call approaches, and thematic investments covering areas ranging from technology and entertainment to alternative sectors, with tickers like SARK (targeting short positions in ark funds) and MEMY (focused on meme stocks) reflecting their emphasis on distinctive market angles. The firm distinguishes itself through a diversified portfolio of tactical and thematic offerings that appeal to investors seeking exposure beyond traditional market categories.
See our curated list of related YouTube videos on DRMP and HBMX.
Quick verdict
DRMP (Tuttle Capital Memory Stack Income Blast ETF) and HBMX (Tuttle Capital Concentrated Memory Stack ETF) are both ETFs, but they take different approaches.
DRMP currently shows a 31.07% distribution yield. HBMX has not yet established a full distribution history, so a comparable yield figure is not available.
Top-holdings overlap
Positions that appear in every fund's top 10. Issuers disclose only the largest weights, so this captures the overlap of the concentrated end of each book — not the full portfolios.
— shared positions
DRMP top-10 holdings unavailable
HBMX 0.0% of its top-10 weight
Top-10 holdings unavailable for DRMP — cannot compute overlap.
Deep dive
Yield & income
On a $10,000 investment at current distribution rates, DRMP would pay about $3,107.00 a year (about $59.75 per weekly distribution), while HBMX has no reported distribution yield yet, so a cash estimate is not available.
DRMP yield31.07%
HBMX yield—
Cost & efficiency
Over 10 years on $10,000, DRMP would cost approximately $950 in fees vs $950 for HBMX (simplified, not compounded). Both charge the same expense ratio.
DRMP ER0.95%
HBMX ER0.95%
Strategy & risk
DRMP is an actively managed ETF built around technology exposure, while HBMX is an actively managed ETF built around a thematic strategy.
Fund details
DRMP is managed by Tuttle Capital Management (launched 06/11/2026) with $4.56M in assets. HBMX is managed by Tuttle Capital Management (launched 06/02/2026) with $19.4M in assets.
DRMP AUM$4.56M
HBMX AUM$19.4M
Frequently asked questions
What is the difference between DRMP and HBMX?
Same issuer, different job. DRMP (Tuttle Capital Memory Stack Income Blast ETF) is a weekly income overlay on a memory theme — 31.07%. HBMX (Tuttle Capital Concentrated Memory Stack ETF) holds a concentrated memory stack and is not an income product. Cost is 0.95% versus 0.95% as of November 2026. Overlay cash versus owning the names is the decision.
Which of DRMP or HBMX pays more dividend income?
DRMP currently reports a distribution yield, while HBMX 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.
Can I hold both DRMP and HBMX?
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, DRMP or HBMX?
DRMP and HBMX both charge the same expense ratio of 0.95%, so neither is cheaper on fees — pick based on yield, strategy, or underlying index instead.
How much income does $10,000 in DRMP vs HBMX generate?
At current distribution rates, $10,000 in DRMP would pay about $3,107.00 a year (about $59.75 per weekly distribution). HBMX has not established a distribution history yet, so a cash estimate is not available.
Which has performed better historically, DRMP or HBMX?
DRMP has lagged HBMX over the year to date, posting a -48.11% total return against -41.43%. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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DRMP vs HBMX — at a glance
Generated October 31, 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
DRMP and HBMX are two actively managed ETFs from Tuttle Capital, both focused on memory semiconductor companies and AI infrastructure. One distributes 31.07%, the other targets growth without a stated distribution rate.
How they differ
The core distinction is income versus growth. DRMP systematically sells put spreads to create a 31.07% distribution rate paid weekly, layering options income atop long equity exposure. HBMX holds no put-selling strategy and reports no distribution rate, instead aiming for capital appreciation through focused equity selection in the memory and HBM ecosystem. Both charge 0.95%, but HBMX holds more assets at $19.4M versus DRMP's $4.56M, though both are nascent — each launched in June 2026. The second difference lies in approach: DRMP's put credit spread strategy collects premiums but caps downside protection at the spread floor, whereas HBMX's long-only structure offers unrestricted upside and downside. Third, HBMX's portfolio explicitly spans DRAM, NAND, and HBM producers plus advanced packaging and testing firms; DRMP uses memory semiconductor securities and related instruments as the vehicle on which to sell puts.
Who each is best for
- DRMP: Fits investors seeking weekly income from a memory-sector bet and comfortable with put-spread mechanics — where income comes from premium collection rather than underlying dividend payments, and downside is limited by the short strike.
Key risks to know
- Options and NAV erosion in DRMP: Selling put spreads at 31.07% creates a self-limiting income stream if the underlying sector stagnates or declines. A 31.07% yield, if sustained from premium collection rather than underlying returns, signals potential NAV erosion over time as spreads are closed at losses or held to expiration at their short strike.
- Concentration in both funds: Both ETFs target the memory semiconductor and HBM ecosystem, a narrow thematic slice. If memory oversupply, cyclical downturns, or competitive compression hits the sector simultaneously, both funds face the same directional risk. Their holdings likely overlap significantly.
- Sector cyclicality and supply-chain disruption: Memory semiconductors are commodity-like in pricing and highly cyclical. The HBM and advanced-packaging supply chain is nascent and vulnerable to manufacturing bottlenecks, geopolitical restrictions (especially around advanced packaging and equipment), or shifts in AI infrastructure design.
- Put-spread definition risk in DRMP: The short puts in DRMP's spreads define a floor price. If memory stocks gap through that floor, losses exceed the spread width, and DRMP is forced to cover at a loss or hold deteriorating collateral. Both funds share sector concentration and youth; neither has a track record beyond inception. Past performance doesn't predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
Learn the method
The metrics behind this comparison, explained in the Academy.
These comparisons follow the Dividend Vision methodology.