Do DRAM and GDX hold the same stocks?

By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, DRAM or GDX?

DRAM has 16% of its weight in S&P 500 names and GDX has 12%, so GDX differs more from the index.

Which is cheaper, DRAM or GDX?

DRAM charges 0.65% a year and GDX charges 0.51%, so GDX is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

DRAM vs GDX: Holdings Overlap & Returns

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DRAM and GDX hold 0% of their weight in the same names.

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Net assets: $20.6bn on Oct 28, 2026 for Roundhill Memory ETF, and $25.6bn on Oct 27, 2026 for VanEck Gold Miners ETF.

DRAM on its own →GDX on its own →

At a glance

15.7%

DRAM in the S&P 500

11.7%

GDX in the S&P 500

+95.0%

DRAM total return, since launch, Apr 2, 2026

+19.0%

GDX total return, 1 year

DRAM · 6 months to Oct 28, 2026 84% of its weight is outside the S&P 500

16% of DRAM's weight is in S&P 500 companies and 84% is outside the index. Holdings as of Jun 30, 2026.

GDX · 1 year to Oct 28, 2026 88% of its weight is outside the S&P 500

12% of GDX's weight is in S&P 500 companies and 88% is outside the index. Holdings as of Oct 22, 2026.

Pair scorecard

GDX costs 0.14 points a year less; GDX is 1.3 times larger.

Points (pts) are percentage points.

DRAM vs GDX: Holdings Overlap & Returns
Measure	DRAM	GDX
Return
Measure	DRAM	GDX
Total return, 1 year	not published	+19.0%
Drawdown
Measure	DRAM	GDX
Below its all-time high	33.0%, high on Jun 22, 2026	27.5%, high on Feb 27, 2026
Against its benchmark
Measure	DRAM	GDX
What it tracks	Memory and storage	Gold miners
Its benchmark, total return, 1 year		+13.4%
Against its benchmark, 1 year		ahead by 5.6 pts
Cost and size
Measure	DRAM	GDX
Expense ratio	0.65%	0.51%
Net assets, as of Oct 27, 2026	$19.2bn	$25.6bn
Holdings
Measure	DRAM	GDX
Holdings in common	0%

Holdings in common uses holdings dated Jun 30, 2026 and Oct 27, 2026. Method

What they share

By the books each fund has filed, DRAM and GDX hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DRAM GDX

Only in one fund ↓

Only in DRAM

SK hynix Inc 15.89%

Samsung Electronics Co Ltd 14.37%

Sandisk Corp 5.21%

Kioxia Holdings Corp 4.36%

Western Digital Corp 4.30%

Seagate Technology Holdings PL 4.19%

GigaDevice Semiconductor Inc 3.07%

Micron Technology Inc 2.03%

Only in GDX

Agnico Eagle Mines Ltd 11.45%

Newmont Corp 11.42%

Barrick Mining Corp 8.07%

Wheaton Precious Metals Corp 5.50%

Franco-Nevada Corp 5.33%

Anglogold Ashanti Plc 4.78%

Gold Fields Ltd 3.96%

Kinross Gold Corp 3.88%

Check overlap with more funds →

Window by window

Window by window: DRAM vs GDX: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	DRAM	GDX	DRAM	GDX
3 months	+20.7%	+14.1%	not measured	+9.7 pts vs ACWI
6 months	+41.6%	−2.6%	not measured	−10.0 pts vs ACWI
1 year	–	+19.0%	–	+5.6 pts vs ACWI
3 years	–	+197.7%	–	+108.8 pts vs ACWI
Since launchNot the same days: DRAM Apr 2026 · GDX May 2006	+95.0%	+173.0%	not measured	not measured

– means no data for this window. Open this comparison in the app →

Side by side

DRAM Roundhill Memory ETF · Holds 12 stocks in memory and storage, 16% of its weight in S&P 500 companies GDX VanEck Gold Miners ETF · Holds 59 stocks in gold miners, 12% of its weight in S&P 500 companies

Issuer Roundhill VanEck

Theme Memory and storage Gold miners

In the S&P 500 15.7% 11.7%

Active share vs the S&P 500 96.8% 99.8%

In the Nasdaq-100 15.7% 0.0%

Holdings 12 59

Top ten, share of the fund 56.4% 60.1%

Expense ratio 0.65% 0.51%

Fee for the differing part 0.67% 0.51%

Total return, 1 year +95.0% (since launch, Apr 2, 2026) +19.0%

vs its benchmark not measured +5.6 pts vs ACWI

Below its high −33.0% −27.5%

Net assets, DRAM as of Oct 28, 2026 and GDX as of Oct 27, 2026 $20.6bn $25.6bn

As of Oct 28, 2026. Source: ETFIQ.

0% of the two portfolios are the same securities at the same weight.

Alert

About each fund

DRAM

By weight, 16% of DRAM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 56% of the fund across 12 positions, as filed for Jun 30, 2026. Since it first traded on Apr 2, 2026 the fund returned +95.0% with distributions reinvested. It sits 33.0% below its all-time high of Jun 22, 2026.

GDX

By weight, 12% of GDX's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 60% of the fund across 59 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +19.0% with distributions reinvested against +13.4% for its benchmark, the MSCI ACWI Index, so a holder was ahead by 5.6 pts. It sits 27.5% below its all-time high of Feb 27, 2026.

Questions people ask

Do DRAM and GDX hold the same stocks?: By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, DRAM or GDX?: DRAM has 16% of its weight in S&P 500 names and GDX has 12%, so GDX differs more from the index.
Which is cheaper, DRAM or GDX?: DRAM charges 0.65% a year and GDX charges 0.51%, so GDX is cheaper. Fees come from each fund's prospectus.

Other comparisons

DRAM vs GDXJ DRAM vs SOXX DRAM vs SMH DRAM vs IGV GDX vs METL GDX vs EART GDX vs NIKL GDX vs FMTL

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →DRAM on its own →GDX on its own →DRAM holdings →GDX dividend history →GDX holdings →Method →Standards and sources →

Sources and dates

DRAM filings on SEC EDGAR ↗

DRAM prospectus with the expense ratio (SEC) ↗

Roundhill page for DRAM ↗

GDX filings on SEC EDGAR ↗

GDX prospectus with the expense ratio (SEC) ↗

VanEck website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, DRAM against GDX, data as of Oct 28, 2026. https://etfiq.com/compare/themes/dram-vs-gdx

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.