DRAY vs. AMDW

Last updated Jun 25, 2026

DRAY (YieldMax DKNG Option Income Strategy ETF) and AMDW (Roundhill AMD WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.99% expense ratio.

Performance

DRAY vs. AMDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax DKNG Option Income Strategy ETF (DRAY) and Roundhill AMD WeeklyPay ETF (AMDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRAY achieves a -30.74% return, which is significantly lower than AMDW's 175.60% return.

DRAY

• 1D: -1.87%
• 1M: -2.57%
• YTD: -30.74%
• 6M: -30.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDW

• 1D: -0.15%
• 1M: 12.41%
• YTD: 175.60%
• 6M: 173.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAY vs. AMDW - Yearly Performance Comparison

	2026 (YTD)	2025
DRAY YieldMax DKNG Option Income Strategy ETF	-30.74%	-21.26%
AMDW Roundhill AMD WeeklyPay ETF	175.60%	36.56%

Correlation

The correlation between DRAY and AMDW is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	-0.03

Return for Risk

DRAY vs. AMDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and Roundhill AMD WeeklyPay ETF (AMDW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

DRAY vs. AMDW - Drawdown Comparison

The maximum DRAY drawdown since its inception was -57.87%, which is greater than AMDW's maximum drawdown of -34.64%. Use the drawdown chart below to compare losses from any high point for DRAY and AMDW.

Drawdown Indicators

	DRAY	AMDW	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	-34.64%	-23.23%
Current Drawdown Current decline from peak	-49.73%	-7.34%	-42.39%
Average Drawdown Average peak-to-trough decline	-32.06%	-14.22%	-17.84%

Volatility

Volatility by Period

	DRAY	AMDW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	41.82%	83.24%	-41.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.82%	83.24%	-41.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.82%	83.24%	-41.42%

DRAY vs. AMDW - Expense Ratio Comparison

Both DRAY and AMDW have an expense ratio of 0.99%.

Dividends

DRAY vs. AMDW - Dividend Comparison

DRAY's dividend yield for the trailing twelve months is around 98.00%, more than AMDW's 37.19% yield.

Position	TTM	2025
AMDW Roundhill AMD WeeklyPay ETF	37.19%	34.78%
DRAY YieldMax DKNG Option Income Strategy ETF	98.00%	32.48%

Frequently Asked Questions

Can I hold both DRAY and AMDW in my portfolio?

DRAY and AMDW have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DRAY or AMDW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAY or AMDW?

DRAY and AMDW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, DRAY or AMDW?

DRAY has the higher dividend yield at 98.00%, compared with 37.19% for AMDW.

What is the main difference between DRAY and AMDW?

They also come from different issuers: YieldMax and Roundhill.