DRAY vs. EGGY

Last updated Jul 16, 2026

DRAY (YieldMax DKNG Option Income Strategy ETF) and EGGY (NestYield Dynamic Income ETF) are both Derivative Income funds. Both are actively managed. Over the past year, DRAY returned -42.41% vs 23.96% for EGGY. At a correlation of -0.01, they often move in opposite directions. DRAY charges 0.99%/yr vs 0.95%/yr for EGGY.

Performance

DRAY vs. EGGY - Performance Comparison

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

Returns By Period

In the year-to-date period, DRAY achieves a -28.70% return, which is significantly lower than EGGY's 22.44% return.

DRAY

• 1D: 0.34%
• 1M: -9.99%
• 6M: -27.98%
• YTD: -28.70%
• 1Y: -42.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EGGY

• 1D: -3.97%
• 1M: -13.35%
• 6M: 21.44%
• YTD: 22.44%
• 1Y: 23.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAY vs. EGGY - Yearly Performance Comparison

	2026 (YTD)	2025
DRAY YieldMax DKNG Option Income Strategy ETF	-28.70%	-19.48%
EGGY NestYield Dynamic Income ETF	22.44%	1.40%

Correlation

The correlation between DRAY and EGGY 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 (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	-0.01

Return for Risk

DRAY vs. EGGY — Risk / Return Rank

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

DRAY

DRAY Risk / Return Rank: 2
DRAY Sharpe Ratio Rank: 2
DRAY Sortino Ratio Rank: 2
DRAY Omega Ratio Rank: 1
DRAY Calmar Ratio Rank: 3
DRAY Martin Ratio Rank: 4

EGGY

EGGY Risk / Return Rank: 26
EGGY Sharpe Ratio Rank: 23
EGGY Sortino Ratio Rank: 22
EGGY Omega Ratio Rank: 25
EGGY Calmar Ratio Rank: 31
EGGY Martin Ratio Rank: 27

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.

DRAY vs. EGGY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and NestYield Dynamic Income ETF (EGGY). 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.

	DRAY	EGGY	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	0.67	-1.67
Sortino ratio: Return per unit of downside risk	-1.37	1.04	-2.41
Omega ratio: Gain probability vs. loss probability	0.82	1.15	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.74	1.29	-2.03
Martin ratio: Return relative to average drawdown	-1.13	3.01	-4.13

DRAY vs. EGGY - Sharpe Ratio Comparison

The current DRAY Sharpe Ratio is -1.01, which is lower than the EGGY Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of DRAY and EGGY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRAY vs. EGGY - Drawdown Comparison

The maximum DRAY drawdown since its inception was -57.87%, which is greater than EGGY's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for DRAY and EGGY.

Drawdown Indicators

	DRAY	EGGY	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	-18.64%	-39.23%
Max Drawdown (1Y) Largest decline over 1 year	-57.87%	-18.64%	-39.23%
Current Drawdown Current decline from peak	-48.25%	-18.64%	-29.61%
Average Drawdown Average peak-to-trough decline	-32.92%	-5.46%	-27.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.71%	7.98%	+29.73%

Volatility

DRAY vs. EGGY - Volatility Comparison

The current volatility for YieldMax DKNG Option Income Strategy ETF (DRAY) is 14.35%, while NestYield Dynamic Income ETF (EGGY) has a volatility of 20.19%. This indicates that DRAY experiences smaller price fluctuations and is considered to be less risky than EGGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRAY	EGGY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.35%	20.19%	-5.84%
Volatility (6M) Calculated over the trailing 6-month period	34.35%	31.92%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	42.33%	36.05%	+6.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.33%	32.80%	+9.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.33%	32.80%	+9.53%

DRAY vs. EGGY - Expense Ratio Comparison

DRAY has a 0.99% expense ratio, which is higher than EGGY's 0.95% expense ratio.

Dividends

DRAY vs. EGGY - Dividend Comparison

DRAY's dividend yield for the trailing twelve months is around 101.99%, more than EGGY's 30.90% yield.

Position	TTM	2025
DRAY YieldMax DKNG Option Income Strategy ETF	101.99%	32.48%
EGGY NestYield Dynamic Income ETF	30.90%	28.26%

Frequently Asked Questions

Can I hold both DRAY and EGGY in my portfolio?

DRAY and EGGY 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.

Which is riskier, DRAY or EGGY?

EGGY has higher volatility (20.19%) compared to DRAY (14.35%). In terms of maximum drawdown, DRAY dropped -57.87% vs EGGY's -18.64%.

Which ETF is better, DRAY or EGGY?

On 1-year performance, EGGY leads with 23.96% vs -42.41% for DRAY. On fees, EGGY is cheaper at 0.95% per year. On volatility, DRAY has been the lower-risk option at 14.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRAY or EGGY?

Over the 1-year period, EGGY has performed better with a 23.96% return vs -42.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRAY or EGGY?

EGGY is cheaper with a 0.95% expense ratio, compared with 0.99% for DRAY.

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

DRAY has the higher dividend yield at 101.99%, compared with 30.90% for EGGY.

What is the main difference between DRAY and EGGY?

They also come from different issuers: YieldMax and NestYield. Their fees differ too: 0.99% for DRAY and 0.95% for EGGY.

Which has better risk-adjusted returns?

EGGY currently has the higher Sharpe Ratio (0.67 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.