Do DRAM and XAR 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 XAR?

DRAM has 16% of its weight in S&P 500 names and XAR has 40%, so XAR differs more from the index.

Which is cheaper, DRAM or XAR?

DRAM charges 0.65% a year and XAR charges 0.35%, so XAR is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

DRAM vs XAR: Holdings Overlap & Returns

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DRAM and XAR 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 $5.0bn on Oct 27, 2026 for State Street SPDR S&P Aerospace & Defense ETF.

DRAM on its own →XAR on its own →

At a glance

15.7%

DRAM in the S&P 500

39.7%

XAR in the S&P 500

+95.0%

DRAM total return, since launch, Apr 2, 2026

−10.0%

XAR 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.

XAR · 1 year to Oct 28, 2026 60% of its weight is outside the S&P 500

40% of XAR's weight is in S&P 500 companies and 60% is outside the index. Holdings as of Oct 27, 2026.

Pair scorecard

XAR costs 0.30 points a year less; DRAM is 3.8 times larger.

Points (pts) are percentage points.

DRAM vs XAR: Holdings Overlap & Returns
Measure	DRAM	XAR
Return
Measure	DRAM	XAR
Total return, 1 year	not published	−10.0%
Drawdown
Measure	DRAM	XAR
Below its all-time high	33.0%, high on Jun 22, 2026	24.1%, high on Aug 14, 2026
Against its benchmark
Measure	DRAM	XAR
What it tracks	Memory and storage	Defense
Against the S&P 500, 1 year		behind by 23.7 pts
Its benchmark, total return, 1 year		+13.7%
Against its benchmark, 1 year		behind by 23.7 pts
Cost and size
Measure	DRAM	XAR
Expense ratio	0.65%	0.35%
Net assets, as of Oct 27, 2026	$19.2bn	$5.0bn
Holdings
Measure	DRAM	XAR
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 XAR 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 XAR

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 XAR

LOCKHEED MARTIN CORP 3.69%

HONEYWELL AEROSPACE INC 3.44%

NORTHROP GRUMMAN CORP 3.32%

L3HARRIS TECHNOLOGIES INC 3.21%

GENERAL DYNAMICS CORP 3.12%

TRANSDIGM GROUP INC 3.12%

HUNTINGTON INGALLS INDUSTRIE 3.11%

HEICO CORP 3.07%

Check overlap with more funds →

Window by window

Window by window: DRAM vs XAR: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	DRAM	XAR	DRAM	XAR
3 months	+20.7%	−12.8%	not measured	−18.9 pts vs VOO
6 months	+41.6%	−9.9%	not measured	−19.0 pts vs VOO
1 year	–	−10.0%	–	−23.7 pts vs VOO
3 years	–	+103.5%	–	+8.0 pts vs VOO
Since launchNot the same days: DRAM Apr 2026 · XAR Sep 2011	+95.0%	+945.4%	not measured	+171.9 pts vs VOO

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Side by side

DRAM Roundhill Memory ETF · Holds 12 stocks in memory and storage, 16% of its weight in S&P 500 companies XAR State Street SPDR S&P Aerospace & Defense ETF · Holds 50 stocks in defense, 40% of its weight in S&P 500 companies

Issuer Roundhill State Street

Theme Memory and storage Defense

In the S&P 500 15.7% 39.7%

Active share vs the S&P 500 96.8% 97.7%

In the Nasdaq-100 15.7% 2.7%

Holdings 12 50

Top ten, share of the fund 56.4% 32.2%

Expense ratio 0.65% 0.35%

Fee for the differing part 0.67% 0.36%

Total return, 1 year +95.0% (since launch, Apr 2, 2026) −10.0%

vs its benchmark not measured −23.7 pts vs VOO

Below its high −33.0% −24.1%

Net assets, DRAM as of Oct 28, 2026 and XAR as of Oct 27, 2026 $20.6bn $5.0bn

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.

XAR

By weight, 40% of XAR's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 32% of the fund across 50 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned −10.0% with distributions reinvested against +13.7% for its benchmark, the S&P 500 Index, so a holder was behind by 23.7 pts. It sits 24.1% below its all-time high of Aug 14, 2026.

Questions people ask

Do DRAM and XAR 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 XAR?: DRAM has 16% of its weight in S&P 500 names and XAR has 40%, so XAR differs more from the index.
Which is cheaper, DRAM or XAR?: DRAM charges 0.65% a year and XAR charges 0.35%, so XAR is cheaper. Fees come from each fund's prospectus.

Other comparisons

DRAM vs SHLD DRAM vs PPA DRAM vs IDEF DRAM vs ITA XAR vs GDX XAR vs GRID XAR vs KWEB XAR 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 →XAR on its own →DRAM holdings →XAR dividend history →XAR holdings →Method →Standards and sources →

Sources and dates

DRAM filings on SEC EDGAR ↗

DRAM prospectus with the expense ratio (SEC) ↗

Roundhill page for DRAM ↗

XAR filings on SEC EDGAR ↗

XAR prospectus with the expense ratio (SEC) ↗

State Street 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 XAR, data as of Oct 28, 2026. https://etfiq.com/compare/themes/dram-vs-xar

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