Overview
- The Roundhill T-REX 2X Long DRAM Daily Target ETF, ticker RAM, has begun trading on the Cboe BZX exchange as a joint product from Rex Shares’ T-REX venture, Tuttle Capital Management, and Roundhill Investments.
- RAM seeks to deliver 200% of the Roundhill Memory ETF’s (DRAM) daily performance by rebalancing every trading day, so its returns compound on a daily basis rather than matching multi-day moves.
- The fund lists a gross expense ratio of 1.50% and a net expense ratio of 1.25%, which will reduce net returns for holders over time.
- Because RAM resets daily, volatile or choppy price paths can cause volatility decay that erodes returns over multi-day holds, making the product better suited for short-term traders than buy-and-hold investors.
- The launch ties to strong investor demand for memory chips driven by AI infrastructure, and traders and analysts warn that levered flows could amplify swings around big events such as major chip earnings reports.