ARKA-MEM

Arka AI Memory Tax

US-listed equity factor capturing the companies positioned to solve, monetize, or control the AI "memory tax" — HBM and advanced DRAM, NAND climbing into the memory hierarchy, CXL pooling and KV-cache offload, high-capacity server memory, advanced packaging, and control of the standards shaping the post-HBM architecture.

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Inception (live)

2025-01-01

Universe

US-listed equities (AI memory stack)

Holdings

Rebalance

Quarterly

Performance as of

2026-08-21

Holdings as of

2026-03-31

Performance

Cumulative return since inception · daily

Period	Factor	S&P 500	Excess
1M	-3.90%	+2.33%	-6.23%
3M	+10.23%	+3.30%	+6.93%
YTD	+150.48%	+12.29%	+138.19%
1Y	+420.05%	+20.00%	+400.05%
ITD	+443.20%	+30.97%	+412.23%

Exposure

Latest rebalance · 2026-03-31

Information Technology

100.0%

Holdings

Browse weights by rebalance

Quarter

showing 10 holdings · sum 99.99%

Ticker	Sector	Sub-industry	Weight	Δ vs prev
MU	Information Technology	Semiconductors	20.00%	+2.92 pp
INTC	Information Technology	Semiconductors	14.41%	-5.59 pp
LRCX	Information Technology	Semiconductor Materials & Equipment	12.56%	NEW
AMD	Information Technology	Semiconductors	11.66%	+0.97 pp
AMAT	Information Technology	Semiconductor Materials & Equipment	11.65%	NEW
SNDK	Information Technology	Technology Hardware, Storage & Peripherals	11.10%	-2.44 pp
MRVL	Information Technology	Semiconductors	7.74%	-2.60 pp
NVDA	Information Technology	Semiconductors	7.63%	NEW
ADEA	Information Technology	Application Software	2.21%	NEW
RMBS	Information Technology	Semiconductors	1.03%	NEW
ONTO	removed this quarter		10.78%	─10.78 pp
ALAB	removed this quarter		6.71%	─6.71 pp
AMKR	removed this quarter		4.50%	─4.50 pp
QCOM	removed this quarter		3.98%	─3.98 pp
IBM	removed this quarter		2.36%	─2.36 pp

Risk Stats

Since inception · daily basis

Beta vs S&P 500

2.40

Annualized volatility

60.6%

Sharpe ratio

2.02

Information ratio

2.08

Max drawdown

-37.9%

Tracking error vs SPY

50.2%