DRAY vs. IPDP

Last updated Jun 5, 2026

DRAY (YieldMax DKNG Option Income Strategy ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. DRAY charges 0.99%/yr vs 1.52%/yr for IPDP.

Performance

DRAY vs. IPDP - Performance Comparison

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

Returns By Period

DRAY

• 1D: 0.59%
• 1M: 3.07%
• YTD: -28.25%
• 6M: -29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DRAY vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
DRAY YieldMax DKNG Option Income Strategy ETF	-9.05%
IPDP Dividend Performers ETF	0.00%

Return for Risk

DRAY vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and Dividend Performers ETF (IPDP). 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.

Sharpe Ratios by Period

	DRAY	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.13	—	—

Drawdowns

DRAY vs. IPDP - Drawdown Comparison

The maximum DRAY drawdown since its inception was -57.87%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DRAY and IPDP.

Drawdown Indicators

	DRAY	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-57.87%	0.00%	-57.87%
Current Drawdown Current decline from peak	-47.92%	0.00%	-47.92%
Average Drawdown Average peak-to-trough decline	-31.42%	0.00%	-31.42%

Volatility

Volatility by Period

	DRAY	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	40.72%	0.00%	+40.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.72%	0.00%	+40.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.72%	0.00%	+40.72%

DRAY vs. IPDP - Expense Ratio Comparison

DRAY has a 0.99% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

DRAY vs. IPDP - Dividend Comparison

DRAY's dividend yield for the trailing twelve months is around 89.20%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
DRAY YieldMax DKNG Option Income Strategy ETF	89.20%	32.48%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DRAY or IPDP?

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 IPDP?

DRAY is cheaper with a 0.99% expense ratio, compared with 1.52% for IPDP.

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

DRAY has the higher dividend yield at 89.20%, compared with 0.00% for IPDP.

What is the main difference between DRAY and IPDP?

They also come from different issuers: YieldMax and Innovative Portfolios. Their fees differ too: 0.99% for DRAY and 1.52% for IPDP.