DRAY vs. GDXY
DRAY (YieldMax DKNG Option Income Strategy ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both exchange-traded funds - DRAY is a Derivative Income fund actively managed by YieldMax, while GDXY is a Gold fund actively managed by YieldMax. Both are actively managed. At a 0.03 correlation, their price movements are largely independent. DRAY charges 0.99%/yr vs 1.08%/yr for GDXY.
Performance
DRAY vs. GDXY - Performance Comparison
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Returns By Period
In the year-to-date period, DRAY achieves a -30.74% return, which is significantly lower than GDXY's -19.01% return.
DRAY
- 1D
- -1.87%
- 1M
- -2.57%
- YTD
- -30.74%
- 6M
- -30.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXY
- 1D
- -3.84%
- 1M
- -13.08%
- YTD
- -19.01%
- 6M
- -22.46%
- 1Y
- 14.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRAY vs. GDXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRAY YieldMax DKNG Option Income Strategy ETF | -30.74% | -19.48% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | -19.01% | 39.37% |
Correlation
The correlation between DRAY and GDXY 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 15, 2025 | 0.03 |
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Return for Risk
DRAY vs. GDXY — Risk / Return Rank
DRAY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GDXY
DRAY vs. GDXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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 | GDXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.10 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.42 | — |
| Martin ratioReturn relative to average drawdown | — | 1.14 | — |
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Drawdowns
DRAY vs. GDXY - Drawdown Comparison
The maximum DRAY drawdown since its inception was -57.87%, which is greater than GDXY's maximum drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for DRAY and GDXY.
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Drawdown Indicators
| DRAY | GDXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.87% | -34.98% | -22.89% |
Max Drawdown (1Y)Largest decline over 1 year | — | -34.98% | — |
Current DrawdownCurrent decline from peak | -49.73% | -34.98% | -14.75% |
Average DrawdownAverage peak-to-trough decline | -32.06% | -7.02% | -25.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.99% | — |
Volatility
DRAY vs. GDXY - Volatility Comparison
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Volatility by Period
| DRAY | GDXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.45% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.82% | 38.82% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.82% | 32.66% | +9.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.82% | 32.66% | +9.16% |
DRAY vs. GDXY - Expense Ratio Comparison
DRAY has a 0.99% expense ratio, which is lower than GDXY's 1.08% expense ratio.
Dividends
DRAY vs. GDXY - Dividend Comparison
DRAY's dividend yield for the trailing twelve months is around 98.00%, more than GDXY's 81.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DRAY YieldMax DKNG Option Income Strategy ETF | 98.00% | 32.48% | 0.00% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | 81.91% | 52.13% | 23.91% |
Frequently Asked Questions
DRAY and GDXY 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.
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.
DRAY is cheaper with a 0.99% expense ratio, compared with 1.08% for GDXY.
DRAY has the higher dividend yield at 98.00%, compared with 81.91% for GDXY.
DRAY is categorized as Derivative Income, while GDXY is Gold. Their fees differ too: 0.99% for DRAY and 1.08% for GDXY.
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