DRAY vs. GOOY
DRAY (YieldMax DKNG Option Income Strategy ETF) and GOOY (YieldMax GOOGL Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
DRAY vs. GOOY - 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 GOOY's 8.94% return.
DRAY
- 1D
- -1.87%
- 1M
- -2.57%
- YTD
- -30.74%
- 6M
- -30.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOY
- 1D
- -0.42%
- 1M
- -10.48%
- YTD
- 8.94%
- 6M
- 8.62%
- 1Y
- 76.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRAY vs. GOOY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRAY YieldMax DKNG Option Income Strategy ETF | -30.74% | -19.48% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 8.94% | 54.91% |
Correlation
The correlation between DRAY and GOOY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.11 |
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Return for Risk
DRAY vs. GOOY — Risk / Return Rank
DRAY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GOOY
DRAY vs. GOOY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and YieldMax GOOGL Option Income Strategy ETF (GOOY). 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 | GOOY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.56 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.76 | — |
| Martin ratioReturn relative to average drawdown | — | 16.44 | — |
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Drawdowns
DRAY vs. GOOY - Drawdown Comparison
The maximum DRAY drawdown since its inception was -57.87%, which is greater than GOOY's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for DRAY and GOOY.
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Drawdown Indicators
| DRAY | GOOY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.87% | -24.40% | -33.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -16.15% | — |
Current DrawdownCurrent decline from peak | -49.73% | -12.37% | -37.36% |
Average DrawdownAverage peak-to-trough decline | -32.06% | -6.30% | -25.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.67% | — |
Volatility
DRAY vs. GOOY - Volatility Comparison
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Volatility by Period
| DRAY | GOOY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.70% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.82% | 23.64% | +18.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.82% | 23.40% | +18.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.82% | 23.40% | +18.42% |
DRAY vs. GOOY - Expense Ratio Comparison
Both DRAY and GOOY have an expense ratio of 0.99%.
Dividends
DRAY vs. GOOY - Dividend Comparison
DRAY's dividend yield for the trailing twelve months is around 98.00%, more than GOOY's 53.92% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
DRAY YieldMax DKNG Option Income Strategy ETF | 98.00% | 32.48% | 0.00% | 0.00% |
GOOY YieldMax GOOGL Option Income Strategy ETF | 53.92% | 41.50% | 36.74% | 7.90% |
Frequently Asked Questions
DRAY and GOOY have a correlation of 0.11, 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 GOOY have the same expense ratio: 0.99% per year.
DRAY has the higher dividend yield at 98.00%, compared with 53.92% for GOOY.
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