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These 7 New ETFs Just Hit the Market — Are Any Worth Buying?

Channel: The Frugal Expat Published: 2026-05-21 08:31
The Frugal Expat

A livestream-style roundup of seven newly launched or newly noticed ETFs, centered on memory semiconductors, semiconductor equipment, and several option-income overlay funds. The speaker compares yield, expense ratios, NAV behavior, and strategy design, repeatedly favoring newer JP Morgan and Liquid Strategies products over some NEOS alternatives, while highlighting DRAM and EUV as thematic growth ideas.

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Detailed summary

Steve, host of The Frugal Expat, walks through seven ETFs he thinks are worth attention because they are new, newly popular, or newly important to his audience. The stream is highly conversational and chat-driven, but the core presentation covers: DRAM, a Roundhill ETF focused on DRAM/memory semiconductors; EUV, a Corgi ETF focused on semiconductor lithography and equipment; ROCY and ROCQ, two newer JP Morgan option-income ETFs modeled as cheaper alternatives to NEOS-style income funds; EGGQ, a Nest Yield/Tidal product the host frames as a hybrid growth-plus-income fund with strong price performance; OVL and OVF, Liquid Strategies overlay funds the host argues offer attractive income plus capital appreciation; and a quick side discussion of other newer ETFs like BALQ and BQ. The strongest thesis in the video is that memory semiconductors may be in a bottleneck-driven upcycle, with …

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Main takeaways

  1. The video is mainly a new-ETF watchlist, not a broad market macro call.
  2. DRAM is the highest-conviction thematic idea: a memory-semiconductor basket tied to tight supply and AI data-center demand.
  3. EUV is pitched as a cleaner semiconductor infrastructure/equipment play with strong structural moats.
  4. ROCY and ROCQ are framed as cheaper, newer JP Morgan alternatives to NEOS-style income ETFs.
  5. OVL and OVF are presented as hybrid income-plus-growth funds that may compare favorably to NIHI on total return.
  6. EGGQ is treated as a lower-yield but higher-growth hybrid, though the sponsor and AUM are still relatively small.
  7. The speaker repeatedly warns that memory and leveraged or synthetic strategies can be volatile and should be monitored, not blindly chased.
  8. A lot of the episode’s value comes from comparing expense ratios, yields, AUM, and strategy design rather than from deep fundamental analysis.

Market read by horizon

Short term

Tactically, the most actionable setup is early positioning in the new semiconductor and income ETFs while they are still in price-discovery mode. The immediate risks are launch volatility, thin liquidity in some names, and the possibility that early distributions or flows do not match the headline pitch.

  • Near term, the actionable setup is the launch/early-life stage of several ETFs, especially DRAM and EUV, where flows and initial performance can matter a lot.
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  • The speaker sees a current bottleneck in memory chips as the immediate catalyst behind DRAM.
  • Micron, SK Hynix, Samsung, SanDisk, Seagate, and Western Digital are the names he thinks can keep benefiting if the memory shortage persists.
Mid term

Over the next few months, the market should sort these funds by whether their income, NAV stability, and total return actually hold up. If the memory cycle stays tight and the overlay funds keep delivering, the stronger products could gain share quickly; if not, some of these launches may fade.

  • Over the next several weeks to months, the main test is whether the memory-semiconductor cycle sustains enough demand to justify DRAM’s strong early price action.
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  • DRAM’s bull case depends on continued data-center and AI memory demand plus continued supply tightness from major producers.
  • EUV should continue to attract investors if semiconductor equipment remains a durable bottleneck and if its lower-fee structure and concentrated holdings prove stable.
Long term

The longer-term regime point is that ETF sponsors are increasingly repackaging the same core exposures into more specialized income, leverage, and hybrid structures. For investors, that means the edge will come less from owning “an ETF” and more from understanding the underlying cash-flow engine, sector cycle, and fee/liquidity tradeoff.

  • Structurally, the transcript argues that option-income ETFs and overlay products are proliferating because major sponsors want to compete for the same investor demand.
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  • The semiconductor memory stack is framed as a long-term strategic bottleneck area where a few large players control supply, which supports thematic baskets like DRAM.
  • The host’s broader view is that concentrated industrial moats, especially in ASML, TSMC, and the memory makers, are valuable long-term regimes to own.
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Key claims (9)

20:25
BULLISH memory semiconductors DRAM

DRAM is a new Roundhill ETF focused on dynamic random access memory and memory-chip exposure.

The host explicitly says DRAM is a Roundhill ETF launched on April 2, 2026 and explains that it targets DRAM/memory semiconductors.

23:15
BULLISH memory semiconductors DRAM

A memory-chip supply bottleneck is creating a favorable setup for DRAM and related companies.

He repeatedly argues that Microsoft, Google, Meta and others are ordering memory in advance, implying a shortage that can support the basket.

24:20
BULLISH semiconductor equipment EUV

EUV is a lower-expense, semiconductor-lithography ETF with concentrated exposure to equipment and foundry leaders like TSMC and ASML.

The speaker says EUV is from Corgi, has a 0.35% expense ratio, and includes TSMC, ASML, Lam Research, Applied Materials and others.

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Assets discussed (33)

DRAM — DRAM
BULLISH etf

Presented as a new Roundhill ETF for memory semiconductors benefiting from chip shortages and AI/data-center demand.

EUV — EUV
BULLISH etf

Framed as a lower-fee semiconductor equipment/lithography ETF with strong moats via TSMC and ASML exposure.

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Speakers

HOST Steve SPEAKER David SPEAKER Todd SPEAKER Jeremy SPEAKER Ashley SPEAKER Gary Hicks SPEAKER Wolf SPEAKER Sage SPEAKER Since what

Where this transcript pushes against consensus

  • Several factual details are presented loosely or from memory, especially around exact yields, AUM, and ROC percentages.
  • The speaker sometimes mixes up fund mechanics or holdings before correcting himself, which weakens precision.
  • Claims that some funds are “better” because they have higher yield or higher total return are not fully adjusted for risk, liquidity, or strategy complexity.
  • The assertion that DRAM will “skyrocket” if SK Hynix lists in the U.S. is speculative and not well supported.
  • The claim that ROC percentages imply 7–10 years of tax deferral is overstated and depends heavily on future distributions and basis changes.
  • Some comparisons, especially OVF vs NIHI and ROCQ vs NEOS, rely on limited early data and may not be robust yet.

Topics

memory semiconductorsDRAM ETFsemiconductor equipmentJP Morgan income ETFsNEOS comparisonLiquid Strategies overlay fundsETF fees and brokerage accessdistribution yield and ROChybrid income-growth ETFsnew ETF launches

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