DRAM ETF, a concentrated bet on memory stocks, falls more than 20% from peak amid broader industry decline.
The Roundhill Memory ETF (DRAM), the first ETF focused on memory stocks, has declined over 20% from its highs. The fund, which launched at $27 in April, surged initially but retreated alongside memory sector stocks in recent weeks.
DRAM holds nearly 75% of its assets in the top three DRAM makers—Micron (MU), Samsung, and SK Hynix—with weightings evenly distributed. Demand for high-bandwidth memory (HBM), driven by AI chip integration, has supported the sector, though prices face volatility.
The fund’s concentrated exposure to memory stocks amplifies both upside and downside risks, reflecting broader industry trends.