Do DRAM and SHLD 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 SHLD?

DRAM has 16% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.

Which is cheaper, DRAM or SHLD?

DRAM charges 0.65% a year and SHLD charges 0.50%, so SHLD is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

DRAM vs SHLD: Holdings Overlap & Returns

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DRAM and SHLD 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 $6.3bn on Oct 12, 2026 for Global X Defense Tech ETF.

DRAM on its own →SHLD on its own →

At a glance

15.7%

DRAM in the S&P 500

44.6%

SHLD in the S&P 500

+95.0%

DRAM total return, since launch, Apr 2, 2026

−6.5%

SHLD 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.

SHLD · 1 year to Oct 28, 2026 55% of its weight is outside the S&P 500

45% of SHLD's weight is in S&P 500 companies and 55% is outside the index. Holdings as of May 31, 2026.

Pair scorecard

SHLD costs 0.15 points a year less; DRAM is 3.7 times larger.

DRAM vs SHLD: Holdings Overlap & Returns
Measure	DRAM	SHLD
Return
Measure	DRAM	SHLD
Total return, 1 year	not published	−6.5%
Drawdown
Measure	DRAM	SHLD
Below its all-time high	33.0%, high on Jun 22, 2026	18.6%, high on Mar 9, 2026
Benchmark
Measure	DRAM	SHLD
What it tracks	Memory and storage	Defense
Cost and size
Measure	DRAM	SHLD
Expense ratio	0.65%	0.50%
Net assets, as of Oct 12, 2026	$23.0bn	$6.3bn
Holdings
Measure	DRAM	SHLD
Holdings in common	0%

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method

Risk and return

Apr 10, 2026 to Oct 23, 2026 · 28 weekly returns

DRAM SHLD

Return

Total return edge DRAM +45.1% −14.6%

Price return edge DRAM +45.1% −14.9%

Risk

Max drawdown edge SHLD −39.4% −20.4%

Reading

DRAM returned more: +45.1% to −14.6%. SHLD fell less at its worst: −20.4% to −39.4%.

Full scorecard

3 measures, with how each is measured Open ↓

Risk and return: DRAM vs SHLD: Holdings Overlap & Returns
Measure	DRAM	SHLD	Edge	How it is measured
Return
Total return	+45.1%	−14.6%	DRAM	Price change plus distributions, reinvested.
Price return	+45.1%	−14.9%	DRAM	Price change alone, distributions left out.
Risk
Max drawdown	−39.4%	−20.4%	SHLD	Deepest fall from a high to the low after it.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 28 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, DRAM and SHLD hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DRAM SHLD

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 SHLD

LOCKHEED MARTIN CORPORATION 8.41%

RTX CORPORATION 7.75%

GENERAL DYNAMICS CORPORATION 7.67%

PALANTIR TECHNOLOGIES INC. 7.07%

Rheinmetall Aktiengesellschaft 5.76%

BAE SYSTEMS PLC 4.88%

L3HARRIS TECHNOLOGIES, INC. 4.69%

HANWHA AEROSPACE CO., LTD. 4.40%

Check overlap with more funds →

Window by window

Window by window: DRAM vs SHLD: Holdings Overlap & Returns
	Total return
Window	DRAM	SHLD
3 months	+20.7%	+2.0%
6 months	+41.6%	−4.7%
1 year	–	−6.5%
3 years	–	+156.5%
Since launchNot the same days: DRAM Apr 2026 · SHLD Sep 2023	+95.0%	+160.2%

– 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 SHLD Global X Defense Tech ETF · Holds 48 stocks in defense, 45% of its weight in S&P 500 companies

Issuer Roundhill Global X

Theme Memory and storage Defense

In the S&P 500 15.7% 44.6%

Active share vs the S&P 500 96.8% 98.7%

In the Nasdaq-100 15.7% 7.1%

Holdings 12 48

Top ten, share of the fund 56.4% 59.3%

Expense ratio 0.65% 0.50%

Fee for the differing part 0.67% 0.51%

Total return, 1 year +95.0% (since launch, Apr 2, 2026) −6.5%

vs its benchmark not measured not measured

Below its high −33.0% −18.6%

Net assets, DRAM as of Oct 28, 2026 and SHLD as of Oct 12, 2026 $20.6bn $6.3bn

As of Oct 28, 2026. Source: ETFIQ.

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

Client brief

No client brief for this pair: ETFIQ prints no one-year total return for DRAM.

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.

SHLD

By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 59% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Oct 28, 2026 the fund returned −6.5% with distributions reinvested. It sits 18.6% below its all-time high of Mar 9, 2026.

Questions people ask

Do DRAM and SHLD 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 SHLD?: DRAM has 16% of its weight in S&P 500 names and SHLD has 45%, so SHLD differs more from the index.
Which is cheaper, DRAM or SHLD?: DRAM charges 0.65% a year and SHLD charges 0.50%, so SHLD is cheaper. Fees come from each fund's prospectus.

Other comparisons

DRAM vs PPA DRAM vs XAR DRAM vs IDEF DRAM vs ITA SHLD vs GDX SHLD vs SMH SHLD vs KWEB SHLD vs IFRA

Where to next

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

Sources and dates

DRAM filings on SEC EDGAR ↗

DRAM prospectus with the expense ratio (SEC) ↗

Roundhill page for DRAM ↗

SHLD filings on SEC EDGAR ↗

SHLD prospectus with the expense ratio (SEC) ↗

Global X page for SHLD ↗

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 SHLD, data as of Oct 28, 2026. https://etfiq.com/compare/themes/dram-vs-shld

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