DRALDefiance Daily Target 2X Long DRAM ETF
Seeks daily investment results of 200% the daily percentage change in the share price of the Roundhill Memory ETF.
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What's inside
How Beacon categorizes this fundListing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks daily investment results of 200% the daily percentage change in the share price of the Roundhill Memory ETF.
- Strategy
- Actively managed ETF aiming for 200% daily exposure to the Roundhill Memory ETF using derivatives like swaps and options. The strategy involves daily rebalancing to maintain leverage and may result in high portfolio turnover.
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Most of these lose money
These funds amplify one stock's daily move, then reset every day. More than half of them have lost money outright, and the daily reset plus financing costs drag roughly 9.5% a year off the return. The longer you hold, the more that compounding works against you.
Sources: Bessembinder, 'Leveraged Single-Stock ETFs' (SSRN 2025)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-27