DRAY vs. FINY

Last updated Jul 16, 2026

DRAY (YieldMax DKNG Option Income Strategy ETF) and FINY (GraniteShares YieldBOOST Financials ETF) are both Derivative Income funds. Both are actively managed. At a 0.05 correlation, their price movements are largely independent. DRAY charges 0.99%/yr vs 1.07%/yr for FINY.

Performance

DRAY vs. FINY - Performance Comparison

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

Returns By Period

DRAY

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

FINY

• 1D: 0.30%
• 1M: 2.80%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAY vs. FINY - Yearly Performance Comparison

	2026 (YTD)
DRAY YieldMax DKNG Option Income Strategy ETF	4.24%
FINY GraniteShares YieldBOOST Financials ETF	6.45%

Correlation

The correlation between DRAY and FINY is 0.05, 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 May 5, 2026	0.05

Return for Risk

DRAY vs. FINY — 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

FINY

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

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. FINY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and GraniteShares YieldBOOST Financials ETF (FINY). 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	FINY	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	—	—
Sortino ratio: Return per unit of downside risk	-1.37	—	—
Omega ratio: Gain probability vs. loss probability	0.82	—	—
Calmar ratio: Return relative to maximum drawdown	-0.74	—	—
Martin ratio: Return relative to average drawdown	-1.13	—	—

Drawdowns

DRAY vs. FINY - Drawdown Comparison

The maximum DRAY drawdown since its inception was -57.87%, which is greater than FINY's maximum drawdown of -1.85%. Use the drawdown chart below to compare losses from any high point for DRAY and FINY.

Drawdown Indicators

	DRAY	FINY	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	-1.85%	-56.02%
Max Drawdown (1Y) Largest decline over 1 year	-57.87%	—	—
Current Drawdown Current decline from peak	-48.25%	0.00%	-48.25%
Average Drawdown Average peak-to-trough decline	-32.92%	-0.11%	-32.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.71%	—	—

Volatility

Volatility by Period

	DRAY	FINY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	42.33%	6.77%	+35.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.33%	6.77%	+35.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.33%	6.77%	+35.56%

DRAY vs. FINY - Expense Ratio Comparison

DRAY has a 0.99% expense ratio, which is lower than FINY's 1.07% expense ratio.

Dividends

DRAY vs. FINY - Dividend Comparison

DRAY's dividend yield for the trailing twelve months is around 101.99%, more than FINY's 4.70% yield.

Position	TTM	2025
DRAY YieldMax DKNG Option Income Strategy ETF	101.99%	32.48%
FINY GraniteShares YieldBOOST Financials ETF	4.70%	0.00%

Frequently Asked Questions

Can I hold both DRAY and FINY in my portfolio?

DRAY and FINY have a correlation of 0.05, 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 FINY?

On fees, DRAY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAY or FINY?

DRAY is cheaper with a 0.99% expense ratio, compared with 1.07% for FINY.

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

DRAY has the higher dividend yield at 101.99%, compared with 4.70% for FINY.

What is the main difference between DRAY and FINY?

They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for DRAY and 1.07% for FINY.