Get the weekly note
ETFIQetfiq.com · independent ETF data

Data as of .

DRAM vs QTUM: which is really different?

QTUM holds 34.8% of its weight in S&P 500 companies and DRAM 20.0%.

Roundhill Memory ETF and Defiance Quantum ETF, side by side, thematic ETFs on ETFIQ.

20.0%DRAM in the S&P 500
34.8%QTUM in the S&P 500
+112.9%DRAM total return, 1 year
+50.4%QTUM total return, 1 year

ETFIQ Off-Index Score: DRAM scores higher

How much of it is not the index it is sold as an alternative to?

DRAM 38.9QTUM 14.70.1, the lowest in this set91.6, the highest

A percentile among the 371 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed

DRAM80% of its weight is outside the S&P 500 · 3 months to Sep 11, 2026
20%80%in the S&P 500of its weight outside the S&P 500active share 97% · top ten 97% of the fund · 13 holdings filed Jun 30, 2026 · Nasdaq-100: 20% in20%80%inoutside the S&P 500active share 97% · top ten 97% of the fund
QTUM65% of its weight is outside the S&P 500 · 1 year to Sep 11, 2026
35%65%of its weight in S&P 500 companiesof its weight outside the S&P 500active share 83% · top ten 17% of the fund · 89 holdings filed Sep 14, 2026 · Nasdaq-100: 27% in35%65%inoutside the S&P 500active share 83% · top ten 17% of the fund

What they hold in common

By the books each fund has filed, DRAM and QTUM hold 1% of their money in the same securities at the same weight.

Positions DRAM and QTUM both hold, largest shared weight first
HoldingDRAMQTUM
Micron Technology Inc2.58%1.30%
Largest positions each one holds and the other does not
Only in DRAMOnly in QTUM
TREASURY BILL 27.17%Arqit Quantum Inc 1.82%
SK hynix Inc 20.19%Global Unichip Corp 1.82%
Samsung Electronics Co Ltd 18.26%Horizon Quantum Holdings Ltd 1.81%
Sandisk Corp 6.62%Cloudflare Inc 1.66%
Kioxia Holdings Corp 5.54%Elastic Nv 1.63%
Western Digital Corp 5.46%Snowflake Inc 1.63%
Seagate Technology Holdings PL 5.32%Hewlett Packard Enterprise Co 1.62%
GigaDevice Semiconductor Inc 3.90%Nutanix Inc 1.58%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 14, 2026.

Performance, window by window

DRAM and QTUM over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnvs the S&P 500vs the Nasdaq-100
DRAMQTUMDRAMQTUMDRAMQTUM
3 months−9.1%−8.5%−12.4 pts−11.8 pts−8.3 pts−7.7 pts
6 monthsnot published+35.3%not published+19.3 ptsnot published+14.6 pts
1 yearnot published+50.4%not published+32.9 ptsnot published+27.4 pts
3 yearsnot published+204.4%not published+126.5 ptsnot published+109.3 pts
Since launch+112.9%+536.1%+96.1 pts+337.3 pts+90.6 pts+225.6 pts
Open the live comparison on ETFIQ
DRAM and QTUM on the same fields, as of Sep 11, 2026. Source: ETFIQ.
DRAM
Roundhill Memory ETF
Holds 13 stocks in memory and storage, 20% of its weight in S&P 500 companies
QTUM
Defiance Quantum ETF
Holds 89 stocks in quantum computing, 35% of its weight in S&P 500 companies
IssuerRoundhillDefiance
ThemeMemory and storageQuantum computing
In the S&P 50020.0%34.8%
Active share vs the S&P 50096.8%82.6%
In the Nasdaq-10020.0%27.2%
Holdings1389
Top ten, share of the fund97.3%16.6%
Expense ratio0.65%0.40%
Fee for the differing part0.67%0.48%
Total return, 1 year+112.9% (since launch on Apr 2, 2026)+50.4%
vs the S&P 500+96.1 pts+32.9 pts
vs the Nasdaq-100+90.6 pts+27.4 pts
Below its high−26.8%−12.5%

DRAM in plain words

By weight, 20% 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 97% of the fund across 13 positions, as filed for Jun 30, 2026. Since it launched on Apr 2, 2026 the fund returned +112.9% with distributions reinvested against +16.8% for the S&P 500, so a holder was ahead by 96.1 pts. It sits 26.8% below its all-time high of Jun 22, 2026.

QTUM in plain words

By weight, 35% of QTUM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 83%. The top ten holdings are 17% of the fund across 89 positions, as published by its issuer for Sep 14, 2026. Over the year to Sep 11, 2026 the fund returned +50.4% with distributions reinvested against +17.5% for the S&P 500, so a holder was ahead by 32.9 pts. It sits 12.5% below its all-time high of Jun 2, 2026.

Questions people ask

Which is more different from the S&P 500, DRAM or QTUM?
DRAM has 20% of its weight in S&P 500 names and QTUM has 35%, so DRAM differs more from the index.
Which is cheaper, DRAM or QTUM?
DRAM charges 0.65% a year and QTUM charges 0.40%, so QTUM is cheaper. Fees come from each fund's prospectus.

Other comparisons

Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

DRAM against QTUM, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, DRAM against QTUM, data as of Sep 11, 2026. https://etfiq.com/compare/themes/dram-vs-qtum Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources