{"url":"https://etfiq.com/compare/leverage/dral-vs-raml","section":"compare","title":"DRAL vs RAML: which held to its multiple? | ETFIQ","description":"DRAL sets out to return +2 times DRAM each day and RAML +2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u22123.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, DRAL or RAML?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, DRAL finished 15.8 points from what its multiple implies and RAML finished 3.8 points from its own, so RAML came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are DRAL and RAML levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on Roundhill Memory ETF, DRAL at +2 times and RAML at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, DRAL or RAML?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window DRAL\u2019s moved at 80% annualized and RAML\u2019s at 52%, so DRAL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold DRAL or RAML for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, DRAL or RAML?","acceptedAnswer":{"@type":"Answer","text":"DRAL charges 1.31% a year and RAML charges 0.99%, so RAML is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"DRAL vs RAML","item":"https://etfiq.com/compare/leverage/dral-vs-raml"}]},{"@type":"WebPage","name":"DRAL vs RAML: which held to its multiple?","description":"DRAL sets out to return +2 times DRAM each day and RAML +2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u22123.8 pts away.","url":"https://etfiq.com/compare/leverage/dral-vs-raml","dateModified":"2026-09-30","abstract":"Over the days both have traded, DRAL finished 3.7 points from its stated multiple and RAML 3.8.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of DRAL and RAML","description":"DRAL sets out to return +2 times DRAM each day and RAML +2 times. Over the month to Sep 30, 2026 they finished \u22123.7 pts and \u22123.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/dral-vs-raml","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6203,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / DRAL vs RAML \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n DRAL vs RAML: which held to its multiple?\n\n Over the days both have traded, DRAL finished 3.7 points from its stated multiple and RAML 3.8.\n Copy this for sharing \n \n Defiance Daily Target 2X Long DRAM ETF and Leverage Shares 2X Long Memory Daily ETF.\n\n Download as PDF \n\n \u221232.5% DRAL returned, 3 months \n \u22126.4% RAML returned, since launch \n \u221215.8 pts DRAL from its stated multiple \n \u221213.4 pts RAML from its stated multiple \n\n DRAL 15.8 pts short of its stated multiple \u00b7 3 m","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/dral-vs-raml","a":{"ticker":"DRAL","name":"Defiance Daily Target 2X Long DRAM ETF","issuer":"Defiance","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: DRAL returned \u221232.5% where its own daily promise gave \u221228.5%, 4.1 points short.","url":"https://etfiq.com/funds/dral","key_facts":[{"label":"What DRAM did","value":"\u22128.3%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u221228.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221232.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22124.1 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$17m","as_of":"2026-09-30","source":"the issuer\u2019s own daily fund list, as of Sep 30, 2026"},{"label":"Expense ratio","value":"1.31%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 24, 2026"}]},"b":{"ticker":"RAML","name":"Leverage Shares 2X Long Memory Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-09-30","verdict":"One month to Sep 30, 2026: RAML returned +8.3% where its own daily promise gave +9.9%, 1.6 points short.","url":"https://etfiq.com/funds/raml","key_facts":[{"label":"What DRAM did","value":"+6.1%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+9.9%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+8.3%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$2m","as_of":"2026-09-30","source":"issuer page, as of Sep 29, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-09-30","source":"485BPOS XBRL, Jul 21, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/dral-vs-raml"}