DRAY vs. CHPY
DRAY (YieldMax DKNG Option Income Strategy ETF) and CHPY (YieldMax Semiconductor Portfolio Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. Both charge a 0.99% expense ratio.
Performance
DRAY vs. CHPY - Performance Comparison
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Returns By Period
In the year-to-date period, DRAY achieves a -28.25% return, which is significantly lower than CHPY's 82.97% return.
DRAY
- 1D
- 0.59%
- 1M
- 3.07%
- YTD
- -28.25%
- 6M
- -29.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CHPY
- 1D
- -1.51%
- 1M
- 23.37%
- YTD
- 82.97%
- 6M
- 82.98%
- 1Y
- 143.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRAY vs. CHPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRAY YieldMax DKNG Option Income Strategy ETF | -28.25% | -19.23% |
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 82.97% | 21.17% |
Correlation
The correlation between DRAY and CHPY is -0.01, 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 16, 2025 | -0.01 |
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Return for Risk
DRAY vs. CHPY — Risk / Return Rank
DRAY
CHPY
DRAY vs. CHPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and YieldMax Semiconductor Portfolio Option Income ETF (CHPY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DRAY | CHPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 5.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.13 | 4.71 | -5.84 |
Drawdowns
DRAY vs. CHPY - Drawdown Comparison
The maximum DRAY drawdown since its inception was -57.87%, which is greater than CHPY's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for DRAY and CHPY.
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Drawdown Indicators
| DRAY | CHPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.87% | -12.17% | -45.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.17% | — |
Current DrawdownCurrent decline from peak | -47.92% | -1.51% | -46.41% |
Average DrawdownAverage peak-to-trough decline | -31.42% | -1.98% | -29.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.18% | — |
Volatility
DRAY vs. CHPY - Volatility Comparison
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Volatility by Period
| DRAY | CHPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.32% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.72% | 27.61% | +13.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.72% | 33.16% | +7.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.72% | 33.16% | +7.56% |
DRAY vs. CHPY - Expense Ratio Comparison
Both DRAY and CHPY have an expense ratio of 0.99%.
Dividends
DRAY vs. CHPY - Dividend Comparison
DRAY's dividend yield for the trailing twelve months is around 89.20%, more than CHPY's 28.83% yield.
| Position | TTM | 2025 |
|---|---|---|
CHPY YieldMax Semiconductor Portfolio Option Income ETF | 28.83% | 28.19% |
DRAY YieldMax DKNG Option Income Strategy ETF | 89.20% | 32.48% |
Frequently Asked Questions
DRAY and CHPY have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DRAY and CHPY have the same expense ratio: 0.99% per year.
DRAY has the higher dividend yield at 89.20%, compared with 28.83% for CHPY.
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