Fund profile

Roundhill Memory ETF (DRAM)

Roundhill believes that computer memory and storage represents a secular growth story tied to the multi-decade buildout of AI infrastructure. The Roundhill Memory ETF ("DRAM") seeks to offer exposure to a precise basket of global memory chip companies. DRAM is the first-ever memory stock ETF.

Why DRAM
Secular Growth
Memory is a critical bottleneck of the AI revolution, supported by a secular shift toward data-intensive applications and sustained demand growth.
Global Memory Exposure
A targeted basket of leading memory producers, positioned at the center of AI-driven demand for faster, more efficient data processing and storage.
Pure Play
DRAM offers pure memory exposure, unlike broader semiconductor funds diluted with chipmakers, equipment, and software names.
Fund details
TickerDRAM
ExchangeCboe BZX
CUSIP77926X320
Expense ratio0.65%
AUM$3.92B
Inception4/2/2026
Management styleActive
ETF optionsYes
Top holdings — as of 5/10/2026
1 Micron Technology MU 27.33%
2 SK hynix 000660 KS 26.37%
3 Samsung Electronics 005930 KS 20.42%
4 Sandisk SNDK 5.94%
5 Kioxia Holdings 285A JP 5.68%
6 Seagate Technology STX 4.70%
7 Western Digital WDC 4.22%
8 Nanya Technology 2408 TT 2.95%
9 Winbond Electronics 2344 TT 1.55%
The AI memory stack
High Bandwidth Memory (HBM)
Sits next to AI accelerators. Essential for training & inference, and structurally constrained to manufacture.
Key names: SK hynix, Samsung
DRAM
System memory in AI servers. As capacity shifts to HBM, traditional DRAM supply tightens while AI data center demand grows.
Key names: Micron, Samsung
NAND Flash & Enterprise SSDs
Where AI data lives. Storage demand grows across training datasets, embeddings, and inference outputs.
Key names: Kioxia, SanDisk
HDDs & Long-Term Storage
Lowest cost-per-bit storage for large datasets. AI increases demand rather than displacing it.
Key names: Western Digital, Seagate

Source: Roundhill Investments fact sheet and investor deck. Fund details as of 5/7/2026; holdings as of 5/10/2026. Holdings are subject to change and weight calculation combines stock position with positions held via total return swaps. Past performance does not guarantee future results. This is illustrative product content, not investment advice.

Fund profile

Roundhill Magnificent Seven ETF (MAGS)

The Roundhill Magnificent Seven ETF offers equal weight exposure to the "Magnificent Seven" stocks — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.

Why MAGS
Precise
MAGS offers pure exposure to the Magnificent Seven stocks.
Efficient
Designed with both investors and traders in mind, seeking similar tax efficiency to a traditionally managed ETF.
Simple
Rebalanced to equal weight on a quarterly basis, ensuring consistent exposure to all seven names in a single ticker.
Fund details
TickerMAGS
ExchangeCboe BZX
CUSIP53656G498
Expense ratio0.29%
AUM$3,536.2MM
Shares out61,130,000
Inception4/11/2023
ETF optionsYes
# Holdings23
Fund performance — as of 3/31/2026
1 Year3 Year5 YearSince Inception
NAV27.92%N/AN/A34.19%
Market28.21%N/AN/A34.27%
Top holdings — as of 3/31/2026
1 Meta Platforms META 14.34%
2 NVIDIA NVDA 14.33%
3 Alphabet GOOGL 14.32%
4 Apple AAPL 14.29%
5 Tesla TSLA 14.27%
6 Microsoft MSFT 14.25%
7 Amazon.com AMZN 14.24%
Sector breakdown
Information Technology 42.87%
Communication Services 28.66%
Consumer Discretionary 28.51%

Source: Roundhill Investments MAGS fact sheet, as of 3/31/2026. Holdings are subject to change and should not be interpreted as an offer of these securities. Past performance does not guarantee future results. This is illustrative product content, not investment advice.

Fund profile

ProShares UltraPro QQQ (TQQQ)

TQQQ seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Nasdaq-100 Index. It is the only ETF that targets 3x the daily returns of the Nasdaq-100, and one of the largest leveraged ETFs in the world.

⚠ Daily-reset, 3x leveraged product
TQQQ has a daily investment objective. If held longer than one day, your return may be higher or lower than 3x the index — these differences can be significant. Smaller index moves and higher volatility tend to hurt returns relative to the daily target; larger moves and lower volatility tend to help. This fund is intended for knowledgeable investors who understand the risks of daily rebalancing and intend to actively monitor their position.
Why TQQQ
Target Magnified Returns
TQQQ is the only ETF that targets 3x the daily returns of the Nasdaq-100 Index.
Efficient
TQQQ offers 3x exposure with less cash than buying the underlying stocks directly.
Convenience
Buy and sell leveraged exposure via a single ticker in a standard brokerage account.
Fund details
TickerTQQQ
Intraday tickerTQQQ.IV
CUSIP74347X831
Inception2/9/2010
Net assets$35.28B
Gross expense ratio0.97%
Net expense ratio0.82%
DistributionsQuarterly
Options availableYes
Daily target300% of Nasdaq-100
Performance — NAV, as of 5/31/2026
1MYTD1Y3Y5YSince Inception
TQQQ NAV33.06%60.75%142.72%71.58%28.22%44.98%
Top holdings — direct equity exposure, as of 7/2/2026
1 NVIDIA NVDA 2.47%
2 Apple AAPL 2.37%
3 Micron Technology MU 1.59%
4 Microsoft MSFT 1.52%
5 Amazon.com AMZN 1.37%
6 Advanced Micro Devices AMD 1.22%
7 Alphabet (Class A) GOOGL 1.10%
8 Tesla TSLA 1.03%
9 Meta Platforms META 0.90%

The Fund's ~300% target exposure is achieved through a combination of direct equity holdings (shown above), Nasdaq-100 index swaps with multiple counterparties, futures contracts, and short-term cash instruments — not through equity holdings alone.

Key risks
Daily leverage & compounding risk
Returns over any period other than a day are the product of daily compounding and are very likely to differ — often substantially — from 3x the index's return over that period, especially in volatile markets.
Volatility decay
Smaller index moves combined with higher volatility contribute to returns worse than the daily target; the fund can lose value over time even if the Nasdaq-100 is roughly flat.
Swap & counterparty risk
A large share of exposure is obtained through Nasdaq-100 index swaps with multiple bank counterparties, which carry counterparty credit and liquidity risk.
Concentration risk
The Nasdaq-100 is concentrated in information technology and a small number of mega-cap names, so the fund's fortunes are closely tied to a handful of large tech stocks.

Source: ProShares TQQQ fund page, holdings and index data as of 3/31/2026–7/2/2026 (see fields above). There is no guarantee any ProShares ETF will achieve its investment objective. Past performance does not guarantee future results. This is illustrative product content, not investment advice.

Single-stock profile

SanDisk Corporation (SNDK)

SanDisk develops, manufactures, and provides data storage devices and solutions based on NAND flash technology, including solid-state drives, embedded products, removable cards, and USB drives, addressing Datacenter, Edge, and Consumer end markets. The company was spun off from Western Digital in February 2025 and began trading independently on Nasdaq that month. Shares have surged since the spin-off as AI-driven demand for NAND storage has tightened supply and lifted pricing.

⚠ Single-stock concentration risk
This is a position in one company, not a diversified fund. SNDK is a newly independent, recently spun-off business with a limited public trading history, and its share price has moved dramatically — both up and down — over short periods. Memory pricing is historically cyclical.
Company snapshot
TickerSNDK
ExchangeNasdaq
SectorTechnology Hardware, Storage & Peripherals
HeadquartersMilpitas, CA
Market cap~$258B
Spin-off date2/21/2025
Fiscal Q3 2026 revenue$5.95B
Q4 2026 revenue guide$7.75–8.25B
What the business does
Datacenter
Enterprise SSDs for cloud and AI infrastructure — the fastest-growing and highest-value segment, recently up over 200% sequentially.
Edge
Client SSDs and embedded storage for PCs, laptops, and industrial devices.
Consumer
Memory cards, USB drives, and portable storage sold under SanDisk's consumer brands globally.
New Business Model deals
SanDisk has signed several "NBM" agreements restructuring how it contracts with key customers — three in fiscal Q3 2026, two more in Q4.

Source: SanDisk Corp fiscal Q3 2026 earnings release (SEC 8-K), CNN Markets, and third-party market data. Market cap and revenue figures approximate as of early July 2026. Past performance does not guarantee future results. This is illustrative content, not investment advice.

Single-stock profile

Micron Technology (MU)

Micron Technology designs, develops, manufactures, and sells memory and storage products — DRAM, NAND, and high-bandwidth memory (HBM) — serving the data center, PC, graphics, networking, automotive, industrial, mobile, and consumer embedded markets. Founded in 1978 and headquartered in Boise, Idaho, Micron is one of only a handful of companies capable of manufacturing advanced memory at scale, positioning it at the center of the AI memory buildout.

⚠ Single-stock concentration & cyclicality risk
This is a position in one company, not a diversified fund. Memory chip pricing has historically been highly cyclical, with steep boom-and-bust swings tied to supply and demand balance. MU shares have shown significant volatility, including double-digit single-day moves around earnings.
Company snapshot
TickerMU
ExchangeNasdaq
SectorSemiconductors & Semiconductor Equipment
HeadquartersBoise, ID
Founded1978
Market cap~$1.1T
P/E ratio (TTM)~22×
Dividend yield~0.05%
What the business does
DRAM
System memory for servers, PCs, and mobile devices — traditional DRAM supply is tightening as capacity shifts toward HBM.
HBM
High-bandwidth memory that sits next to AI accelerators, essential for training and inference workloads.
NAND
Flash storage for SSDs and enterprise data centers, capturing rising AI data storage demand.
Automotive & Industrial
Long-term supply relationships including a recently signed deal with Ford to expand automotive memory supply.

Source: Yahoo Finance, Robinhood, and third-party market data. Market cap, P/E, and price figures approximate as of early July 2026 and fluctuate significantly. Past performance does not guarantee future results. This is illustrative content, not investment advice.

Single-stock profile

Marvell Technology (MRVL)

Marvell Technology supplies data infrastructure semiconductor solutions spanning the data center core to the network edge, including custom application-specific integrated circuits (ASICs), ethernet controllers and switches, optical interconnects, and storage controllers. Founded in 1995 and headquartered in Wilmington, Delaware, Marvell has become a key supplier of custom AI silicon and interconnect technology to hyperscale data center customers, and joined the S&P 500 in June 2026.

⚠ Single-stock concentration & valuation risk
This is a position in one company, not a diversified fund. MRVL trades at a premium valuation (P/E near 57x) built on expectations of continued AI infrastructure growth — if that growth slows or custom silicon wins don't materialize as expected, shares could be volatile.
Company snapshot
TickerMRVL
ExchangeNasdaq
SectorSemiconductors & Semiconductor Equipment
HeadquartersWilmington, DE
Founded1995
Market cap~$243B
P/E ratio (TTM)~57×
Index membershipS&P 500, Nasdaq-100
What the business does
Custom AI silicon (ASICs)
Designs custom chips for hyperscale customers building their own AI accelerators — a fast-growing alternative to off-the-shelf GPUs.
Optical interconnects
DSPs, silicon photonics, and co-packaged optics that move data between chips and racks at very high speed — critical as AI clusters scale.
Ethernet & switching
Ethernet controllers, switches, and network adapters for scale-up and scale-out data center networking.
Storage controllers
Controllers for hard disk drives and solid-state drives, plus fibre channel host bus adapters for enterprise storage.

Source: Yahoo Finance, CNN Markets, StockTitan, and third-party market data. Market cap and valuation figures approximate as of late June 2026. Past performance does not guarantee future results. This is illustrative content, not investment advice.

Omnes viae Romam ducunt

Engineer your payoff. Every road leads to yield.

On-chain access to global capital market. Stocks, ETFs, and forwards — combined into vaults anyone can use.

Explore vaults How it works

Vault strategies

Multiple roads.
One destination.

Choose your path based on your risk appetite. All roads lead to Rome.

ETF

Magnificent 7 (Mega7)

This strategy offers exposure to the "Magnificent Seven" stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

Basket composition
AAPL
MSFT
AMZN
GOOGL
META
NVDA
TSLA
Est. APY
34.19%
AUM
$3.53B
Lockup
None
Risk
B
Park path
ETF

Roundhill Memory ETF (DRAM)

Invest in global memory stocks with the Roundhill Memory ETF (DRAM). Get exposure to semiconductor companies producing and supplying HBM, NAND and DRAM, the bottleneck of the AI revolution.

Basket composition
Samsung
SK Hynix
MU
Kioxia
SNDK
AUM
$3.92B
Lockup
None
Risk
C
Running track
Leveraged ETF

ProShares UltraPro QQQ (TQQQ)

The only ETF that targets 3x the daily returns of the Nasdaq-100. Efficient exposure with less cash, bought and sold via a single ticker — for knowledgeable investors who actively monitor their position.

Top exposures
NVDA
AAPL
MSFT
AMZN
GOOGL
TSLA
META
1Y Return
142.72%
AUM
$35.3B
Leverage
3×
Risk
E
Mountain descent
Equity

SanDisk Corporation (SNDK)

A pure-play NAND flash storage company spun off from Western Digital in 2025, riding the AI-driven memory shortage with surging Datacenter SSD demand.

1Y Return
~640%
Market Cap
$258B
Sector
Storage
Risk
E
Spin-off sprint
Equity

Micron Technology (MU)

A diversified memory and storage leader spanning DRAM, NAND, and HBM — supplying the data center, PC, mobile, and automotive markets amid an AI-fueled memory boom.

1Y Return
~213%
Market Cap
$1.1T
Sector
Memory
Risk
D
Rolling hills
Equity

Marvell Technology (MRVL)

A data infrastructure semiconductor company powering custom AI silicon and optical interconnects for hyperscale data centers — newly added to the S&P 500.

1Y Return
~360%
Market Cap
$243B
Sector
Semis
Risk
D
Interconnect bridge

Core methodology

From trader intuition
to systematic signal.

Every vault strategy is built on the same repeatable pipeline — turning experienced trading judgment into a structured, always-on process.

01

Subjective logic extraction

We extract the entry/exit judgment, asset selection, and position-sizing logic of veteran traders through structured interviews and trade review.

▶
02

Quantitative engine mapping

That logic is structured into models, mapped onto asset-pool screening criteria, and turned into an automatically generated trading plan.

▶
03

Dual signal output

Forward-looking trend detection combines with real-time catalyst-event capture to form a complete, actionable strategy signal.

Risk disclosure

Know what you're
getting into.

Smart contract risk

Underlying contracts may contain vulnerabilities. Audits reduce but do not eliminate risk.

Liquidity constraints

Term vaults lock capital until maturity. Early withdrawal may not be possible.

Leverage & liquidation

Boost vaults use leverage. Losses can occur rapidly and may exceed principal.

Oracle failure

Price feed failures can cause incorrect settlements or premature liquidations.

Market volatility

Extreme market moves can cause strategies to perform outside expected ranges.

Counterparty risk

Underlying protocol failures may result in loss of funds regardless of strategy performance.

Replication Labs provides a non-custodial software interface only. We do not take custody of assets, act as an intermediary, execute transactions on your behalf, or provide personalized investment advice. All vaults are experimental, high-risk digital asset products. Participation may result in partial or total loss of principal. Displayed APYs are informational only and are not guarantees of performance. Nothing on this site constitutes investment advice, a solicitation, or a recommendation. You are solely responsible for all decisions and any losses that may result.

211.8%
Total return
4.11
Sharpe ratio
13.7%
Max drawdown
+199.6%
Alpha vs S&P 500
Replication Labs S&P 500
200% 150% 100% 50% 0% 211.81% 12.19% Jun 25 Jul 25 Aug 25 Sep 25 Oct 25 Nov 25 Dec 25 Jan 26 Feb 26 Mar 26