SOXX vs DRAM — Broad Semiconductor vs Memory-Concentrated ETF Peer Analysis

freeyang • August 4, 2026 • 16 min read

iShares Semiconductor ETF (SOXX) vs Roundhill Memory ETF (DRAM)

2026-08-04 · 2026-08-03 · Premarket 8/4 09:11 ET · : ginlix price data, iShares, Roundhill, ETF.com, TrendForce

Executive Summary: DRAM "AI · ", SOXX " ". 0.89, DRAM SOXX 1.48 — DRAM SOXX 1.5x x . ( +250% ) SOXX(+114% 1Y) , 7 DRAM -44.4% SOXX(-29.0%) . : , DRAM Weight , SOXX . ( : §8)

0. At a Glance Summary

Close (8/3)

$507.68

Premarket $530.95 +4.58%

YTD 2026

+68.6%

1M -10.4% · 3M +9.0%

1-Year Return

+114.0%

vs 52W High -22.5%

Volatility (60D)

66.8%

RSI 43.3

AUM

$44.8B

Expense Ratio 0.33% · 30 Holdings

Close (8/3)

$51.13

Premarket $53.82 +5.26%

Since Inception (4/2~)

+84.2%

1M -15.7% · 3M +26.5%

1-Year Return

n/a

vs 52W High Post-Inception -36.7%

Volatility (60D)

112.2%

RSI 43.6

AUM

$23.9B

Expense Ratio 0.65% · 23 Holdings

Metric	SOXX	DRAM	Takeaway
Issuer / Structure	iShares(BlackRock) / Passive	Roundhill / Active Non-Diversified	DRAM
Benchmark / Strategy	NYSE Semiconductor Index	(DRAM·NAND·HBM) 50%+ 23	World First Dedicated Memory ETF
Inception Date	2001-07-10	2026-04-02	25 vs 4
Holdings	30	23	SOXX Weight 8% Cap
3 Holdings Weight	~25%	72.8%	DRAM: 25.7· 25.3·SK 21.8
		~47% · ~40%	DRAM KRW·
Expense Ratio	0.33%	0.65%	DRAM 2x
·	2.00 (3Y) / 66.8%	1.48 vs SOXX / 112.2%	DRAM = SOXX
( )	0.887

1. — 7

ETF 6 22 (SOXX $655.01, DRAM $80.72) 7 . 8/3 SOXX 7 $465.00 +9.2%, DRAM $44.85 +14.0% . 8/4 Premarket SOXX +4.58%, DRAM +5.26% 2 .

7 (DRAM Q1 +~100% → Q3 %), CXMT $487B () , AI CapEx . -45%, ·WDC 6 -52% ([247wallst.com](https://247wallst.com/investing/2026/07/31/sandisk-is-down-45-in-a-month-should-memory-investors-switch-to-micron-or-sk-hynix-now/)) ([benzinga.com](https://www.benzinga.com/markets/tech/26/07/60729392/ai-memory-trade-crumbling-sandisk-micron-western-digital-sk-hynix)). 7/29-30 +15%, SK· ([247wallst.com](https://247wallst.com/investing/2026/07/30/memory-stocks-blast-off-micron-sk-hynix-sandisk-western-digital-and-seagate-all-rally-double-digits/)).

2. — 25 vs

SOXX 2001 25 ETF . (ICE/NYSE Semiconductor Index ) Holdings Weight 8% NVDA AMD· 2 ([etf.com](https://www.etf.com/sections/news/semiconductor-etfs-101-dram-euv-smh-soxx-soxl-complete-guide-2026)). 2026 SMH 20%p , Morningstar 5 ([etf.com](https://www.etf.com/sections/news/semiconductor-etfs-101-dram-euv-smh-soxx-soxl-complete-guide-2026)) ([ishares.com](https://www.ishares.com/us/products/239705/ishares-phlx-semiconductor-etf)).

DRAM 2026 4 2 World First Dedicated Memory ETF, 3 $21B+ " ETF" ([etf.com](https://www.etf.com/sections/features/new-memory-etfs-line-challenge-runaway-dram)). ·SK . Active Non-Diversified (TRS) , 47% (·x·) Analysts ([roundhillinvestments.com](https://www.roundhillinvestments.com/etf/dram/)).

DRAM 6~7 ETF — HBMX(0.95%, · ), KMEM(0.65%, SK 42% ), DISK(0.75%, NAND ), DRAL(2x)·RAM(2x). $30M DRAM($21B+) ([etf.com](https://www.etf.com/sections/features/new-memory-etfs-line-challenge-runaway-dram)).

3. Holdings — "" vs ""

Holdings comparison — SOXX Top10 61% ( Cap 8%) vs DRAM 3 Holdings(··SK) 72.8%

SOXX ()··(AMAT, LRCX) . Top10 ~61% Weight 8% Holdings . (8~9%) , DRAM Weight(25.7%) KRW ([stockanalysis.com](https://stockanalysis.com/etf/soxx/holdings/)).

DRAM 25.7% / 25.3% / SK 21.8% — 3 Holdings 72.8% ([roundhillinvestments.com](https://www.roundhillinvestments.com/etf/dram/)). ·WDC·(HDD/SSD), (NAND), CXMT·· . " " , Holdings ( , CXMT , ) .

4. — ,

Common period performance — (2026-04-02~08-03) . 6 DRAM , 7

	SOXX	DRAM
YTD 2026	+68.6%	+84.2%	DRAM 4/2 ~ (YTD )
1	-10.4%	-15.7%	7
3	+9.0%	+26.5%	DRAM
6	+46.9%	n/a
1	+114.0%	n/a	SOXX 52W $236.94~$655.22
	-22.5%	-36.7%	6/22
7	-29.0%	-44.4%	6

Analysts. 6 DRAM SOXX ( 2026 +250% ([biggofinance.com](https://www.biggofinance.com/))), DRAM . DRAM 1.48 . SOXX YTD 6/30 +113% 7 +68.6% ([ishares.com](https://www.ishares.com/us/products/239705/ishares-phlx-semiconductor-etf)) — .

5. — DRAM SOXX 1.5x

Rolling volatility — 20 — DRAM SOXX 1.5~2x

(2026-04-02~08-03, 84) ETF 0.887, DRAM SOXX 1.477 ( +0.113%p). DRAM SOXX , x 1.5x . (112% vs 67%) (-44.4% vs -41.7% ) DRAM .

: DRAM "x" . / DRAM , SOXX . DRAM "SOXX + 1.5x " .

6. — ,

SOXX history — SOXX 2024~2026 — MA200($404)

	SOXX	DRAM	Takeaway
Close (8/3)	$507.68	$51.13
MA20 / MA50	$535 / $567	$55.6 / $61.9	MA →
MA200	$404	n/a	SOXX ( -20% )
RSI(14)	43.3	43.6	~,
7	$465.00	$44.85
	$655.01 (6/22)	$80.72 (6/22)

ETF MA20·MA50 " " . RSI 43 (RSI <30), (>50) , . SOXX MA200($404) , MA (MA20 $535 ) .

7. —

DRAM . 2026 "HBM DRAM " DRAM Q1 +~100% , Q3 % ([seekingalpha.com](https://seekingalpha.com/article/4920604-the-state-of-the-memory-trade-pullback-or-bust)). Q3 +15% , KRW Weight 45% (· ) ([en.sedaily.com](https://en.sedaily.com/finance/2026/07/05/memory-shortage-sends-chip-prices-up-46-fold-samsungs-z)).


	Q3 +15%, ( ) ([asiae.co.kr](https://www.asiae.co.kr/en/article/2026073008484720523))	100%→ % = ([seekingalpha.com](https://seekingalpha.com/article/4920604-the-state-of-the-memory-trade-pullback-or-bust))
	$100B take-or-pay + $22B = ([ad-hoc-news.de](https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/micron-s-share-price-is-getting-hammered-the-order-book-tells-a/69900495))	, IT ([techi.com](https://www.techi.com/))
	2030 ([techi.com](https://www.techi.com/))	CXMT $487B , ([tradingkey.com](https://www.tradingkey.com/))
	Q2 KRW 89.5 ( 19x), HBM4 Q3 3x ([trendforce.com](https://www.trendforce.com/news/2026/07/30/news-samsungs-ds-unit-delivers-99-7-of-q2-profit-amid-memory-boom-hbm4-revenue-reportedly-to-triple-in-q3/))	SK Q2 5% ([trendforce.com](https://www.trendforce.com/news/2026/07/22/news-sk-hynix-set-to-post-record-operating-margin-in-q2-as-hbm-mix-weighs-on-asp-growth-and-ltas-gain-focus/))
	= BOM ~30%, 1~2 ~50% ([etf.com](https://www.etf.com/sections/features/new-memory-etfs-line-challenge-runaway-dram))	$1.1 vs ([seekingalpha.com](https://www.seekingalpha.com/article/4920604-the-state-of-the-memory-trade-pullback-or-bust))

SOXX . Weight 8% , (NVDA·AMD·AVGO)·(AMAT·LRCX) AI CapEx . P/E 61.9, 3 2.0 · SOXX ([ishares.com](https://www.ishares.com/us/products/239705/ishares-phlx-semiconductor-etf)).

8. —

KRW

DRAM = SOXX 1.5x . x , Weight SOXX (: SOXX ).
7 . SOXX $465, DRAM $44.85 .
. Premarket +4~5% / . .

()
Bull (30%)	AI CapEx + 8 DRAM	DRAM ( 1.48)	SOXX $490-510 / DRAM $47-49 , MA20
Base (45%)	,	SOXX (·Expense Ratio·)	SOXX , DRAM
Bear (25%)	/ AI CapEx /		DRAM $44.85·SOXX $465 ,

8 DRAM — 7 ( )
·SK / — take-or-pay
CXMT· —
AI CapEx (MSFT 10/28, AMZN 10/29 ) — SOXX ([msft ])
DRAM ETF / — Q2 43 → Q3 11 ([roundhillinvestments.com](https://www.roundhillinvestments.com/etf/dram/))

. SOXX " " — 7 . DRAM " " — Weight , $44.85 . ETF (MA20 ) .

9.

	SOXX	DRAM
	AI CapEx ( 2.0)	( 3.0 vs )
	Top10 61%, 8% Cap	3 Holdings 73% — Holdings
	25 Passive ($44.8B)	4 Active Non-Diversified + TRS , ($23.9B)
		47% — ··x
	P/E 61.9	Holdings ( $1.1 )
		$21B → , ETF
Expense Ratio	0.33%	0.65%

10.

. SOXX Sub-sector · , DRAM . 0.89 DRAM Weight .

	SOXX	DRAM

( )	6.5/10 —	5.0/10 —
1	$480-510 (MA20 )	$47-49 ( )
	$465 (7 )	$44.85 (7 )
1	$567 (MA50) → $655 ()	$61.9 (MA50) → $80.7 ()

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