ETF Education Report: Roundhill T-REX 2X Long DRAM ETF (RAM)

What this ETF is trying to do

The Roundhill T-REX 2X Long DRAM ETF (ticker: RAM) is an exchange-traded fund listed on the NASDAQ. This specific ETF is classified as a leveraged fund. Being "leveraged" means it uses financial tools to try and multiply the movements of its underlying target. It is also categorized as an option income ETF.

What the numbers show

As of September 25, 2026, the current price of RAM is $14.47.

Regarding its performance history, the data for year-to-date (YTD) price returns, one-year price returns, and three-year price returns was not supplied. Because this information is missing, we cannot see how the share price has changed over those specific time periods. Additionally, total return data—which would show the overall performance including any distributions—was not supplied.

Income and distribution explanation

Some investors look at ETFs to receive regular cash payments, known as distributions. For this ETF, the distribution yield is 0%. There have been no distributions detected over the last 12 months. Because there are no payouts, the income rating for this fund is a "D" with a score of 52.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases over time. While some investors worry about this, there is no "severe erosion-risk flag" for this ETF. The erosion score is currently withheld because there is not enough verified price history available to provide a measurement.

Pros

• The ETF is listed on the NASDAQ, making it accessible through standard brokerage accounts.

• It is a leveraged product, which is designed for specific types of market movement strategies.

Cons

• There is no supplied data regarding its past price performance or total returns.

• The fund currently provides 0% distribution yield, meaning it does not pay out cash to investors based on the provided data.

• There is no information available regarding the fund's top holdings or what specific companies it owns.

Beginner takeaway

When looking at an ETF like RAM, it is important to understand that it is a leveraged fund. This means its price movements may be much larger than the standard market. Because the performance data and holdings list were not supplied in this report, a new investor would need to look for more information regarding what the fund actually owns and how its price has behaved in the past before understanding its full profile.