DRAM vs PIPE

ADRAM

BPIPE

Measures won1–1level · of 6 · 5Y

$10,000 · 5Y$34,950SMH · IGV $11,265

Lowest cost0.35%SMH · $35 on $10k

Most income4.18%PIPE · $418 on $10k

Smallest drop−10.7%PIPE · worst fall in 1Y

Held in common0.0%DRAM and PIPE

DRAM

PIPE

Roundhill Memory ETF · $14.4BInvesco SteelPath MLP & Energy Infrastructure ETF · $62M

[…]3 years · per year[…]

[…]5 years · per year[…]

0.65%Expense ratio$65 · $75 on $10k · lower wins0.75%

0.00%12-mo yield$0 · $418 on $10k4.18%

[…]Worst dropSmaller wins−10.7%

[…]VolatilityLower wins17.3%

1–1Level

$10,000 · 5 yearsAll four, one scale

Shared top holdingsDRAM · PIPE

They share no top holdings, or holdings aren’t on file […]

Held in common0.0%

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Four

5Y4 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.24%	+3.6%	+28.8%	+29.5%	+48.9%	+28.4%	−33.1%	$57.7B
2	IGV	iShares Expanded Tech-Software Sector ETFRead Desk	0.38%	0.02%	−0.1%	−6.4%	−11.5%	+13.3%	+2.4%	−33.2%	$12.4B
3	ADRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	+6.2%	new	new	new	new	[…]	$14.4B
4	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$62M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Four

5Y4 funds

#
1	SMH	VanEck Semiconductor ETFRead Desk	0.35%	0.24%	+3.6%	+28.8%	+29.5%	+48.9%	+28.4%	−33.1%	$57.7B
2	IGV	iShares Expanded Tech-Software Sector ETFRead Desk	0.38%	0.02%	−0.1%	−6.4%	−11.5%	+13.3%	+2.4%	−33.2%	$12.4B
3	ADRAM	Roundhill Memory ETFRead Desk	0.65%	0.00%	+6.2%	new	new	new	new	[…]	$14.4B
4	BPIPE	Invesco SteelPath MLP & Energy Infrastructure ETFRead Desk	0.75%	4.18%	−0.4%	+19.1%	+25.4%	new	new	−10.7%	$62M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

DRAM vs PIPE

DRAM

Roundhill Memory

[…]

PIPE

Invesco SteelPath MLP & Energy Infrastructure

[…]

MeasureDRAMPIPE

Fee0.65%0.75%

Cost on $10k a year$65$75

Yield0.00%4.18%

5 years, per year[…][…]

3 years, per year[…][…]

Worst drop · 1Y[…]−10.7%

Volatility · 1Y[…]17.3%

1–1measures won
level

0.0%

holdings shared

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SOXX vs SMH

YTD

iSharesSOXX

+36.2%

SMHVanEck

+28.8%

+36.2%Year to date+28.8%

0.33% · $33Fee · on $10k a year0.35% · $35

$37.6BAssets$57.7B

2–0SOXX wins

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+3.2%

JEPIJ.P. Morgan

+5.3%

+3.2%Year to date+5.3%

12.8%Yield8.1%

$42.6BAssets$46.8B

1–1level

End-of-day Nov 6, 2026

Overlap: DRAM, PIPE, SMH, IGV

Today

4.9%most shared, SMH and IGV

DRAMPIPESMHIGV

DRAM—0.0%3.1%0.0%

PIPE0.0%—0.0%0.0%

SMH3.1%0.0%—4.9%

IGV0.0%0.0%4.9%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$343most kept, PIPE

PIPE$418 − $75 = $343

SMH$24 − $35 = −$11

IGV$2 − $38 = −$36

DRAM$0 − $65 = −$65

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee