DRAI vs. MDAA

Last updated Jun 3, 2026

DRAI (Draco Evolution AI ETF) and MDAA (Myriad Dynamic Asset Allocation ETF) are both Diversified Portfolio funds. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. DRAI charges 1.50%/yr vs 0.97%/yr for MDAA.

Performance

DRAI vs. MDAA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Draco Evolution AI ETF (DRAI) and Myriad Dynamic Asset Allocation ETF (MDAA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRAI achieves a 19.10% return, which is significantly lower than MDAA's 23.50% return.

DRAI

• 1D: 0.70%
• 1M: 7.42%
• YTD: 19.10%
• 6M: 17.83%
• 1Y: 44.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDAA

• 1D: 1.44%
• 1M: 8.38%
• YTD: 23.50%
• 6M: 24.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRAI vs. MDAA - Yearly Performance Comparison

	2026 (YTD)	2025
DRAI Draco Evolution AI ETF	19.10%	3.23%
MDAA Myriad Dynamic Asset Allocation ETF	23.50%	-0.27%

Correlation

The correlation between DRAI and MDAA is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 6, 2025	0.81

Return for Risk

DRAI vs. MDAA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRAI

DRAI Risk / Return Rank: 89
DRAI Sharpe Ratio Rank: 90
DRAI Sortino Ratio Rank: 89
DRAI Omega Ratio Rank: 90
DRAI Calmar Ratio Rank: 92
DRAI Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRAI vs. MDAA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Draco Evolution AI ETF (DRAI) and Myriad Dynamic Asset Allocation ETF (MDAA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DRAI	MDAA	Difference
Sharpe ratio Return per unit of total volatility	3.14	—	—
Sortino ratio Return per unit of downside risk	4.14	—	—
Omega ratio Gain probability vs. loss probability	1.58	—	—
Calmar ratio Return relative to maximum drawdown	6.33	—	—
Martin ratio Return relative to average drawdown	17.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DRAI	MDAA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	1.57	-0.22

Drawdowns

DRAI vs. MDAA - Drawdown Comparison

The maximum DRAI drawdown since its inception was -13.69%, smaller than the maximum MDAA drawdown of -14.59%. Use the drawdown chart below to compare losses from any high point for DRAI and MDAA.

Drawdown Indicators

	DRAI	MDAA	Difference
Max Drawdown Largest peak-to-trough decline	-13.69%	-14.59%	+0.90%
Max Drawdown (1Y) Largest decline over 1 year	-7.22%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.09%	-2.94%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	—	—

Volatility

Volatility by Period

	DRAI	MDAA	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.36%	23.91%	-9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.77%	23.91%	-7.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.77%	23.91%	-7.14%

DRAI vs. MDAA - Expense Ratio Comparison

DRAI has a 1.50% expense ratio, which is higher than MDAA's 0.97% expense ratio.

Dividends

DRAI vs. MDAA - Dividend Comparison

DRAI's dividend yield for the trailing twelve months is around 1.29%, more than MDAA's 0.37% yield.

Position	TTM	2025	2024
DRAI Draco Evolution AI ETF	1.29%	1.48%	2.18%
MDAA Myriad Dynamic Asset Allocation ETF	0.37%	0.46%	0.00%

Frequently Asked Questions

Can I hold both DRAI and MDAA in my portfolio?

DRAI and MDAA have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRAI or MDAA?

On fees, MDAA is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAI or MDAA?

MDAA is cheaper with a 0.97% expense ratio, compared with 1.50% for DRAI.

Which ETF pays a higher dividend yield, DRAI or MDAA?

DRAI has the higher dividend yield at 1.29%, compared with 0.37% for MDAA.

What is the main difference between DRAI and MDAA?

They also come from different issuers: Draco Evolution and Myriad. Their fees differ too: 1.50% for DRAI and 0.97% for MDAA.