DRAY vs. YBIT
DRAY (YieldMax DKNG Option Income Strategy ETF) and YBIT (YieldMax Bitcoin Option Income Strategy ETF) are both exchange-traded funds - DRAY is a Derivative Income fund actively managed by YieldMax, while YBIT is a Cryptocurrency fund actively managed by YieldMax. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
DRAY vs. YBIT - Performance Comparison
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Returns By Period
In the year-to-date period, DRAY achieves a -28.25% return, which is significantly lower than YBIT's -26.82% return.
DRAY
- 1D
- 0.59%
- 1M
- 3.07%
- YTD
- -28.25%
- 6M
- -29.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBIT
- 1D
- -2.96%
- 1M
- -19.50%
- YTD
- -26.82%
- 6M
- -28.95%
- 1Y
- -36.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DRAY vs. YBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DRAY YieldMax DKNG Option Income Strategy ETF | -28.25% | -19.23% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | -26.82% | -19.98% |
Correlation
The correlation between DRAY and YBIT is 0.07, 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 16, 2025 | 0.07 |
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Return for Risk
DRAY vs. YBIT — Risk / Return Rank
DRAY
YBIT
DRAY vs. YBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DKNG Option Income Strategy ETF (DRAY) and YieldMax Bitcoin Option Income Strategy ETF (YBIT). 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.
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Sharpe Ratios by Period
| DRAY | YBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.13 | -0.38 | -0.74 |
Drawdowns
DRAY vs. YBIT - Drawdown Comparison
The maximum DRAY drawdown since its inception was -57.87%, which is greater than YBIT's maximum drawdown of -45.54%. Use the drawdown chart below to compare losses from any high point for DRAY and YBIT.
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Drawdown Indicators
| DRAY | YBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.87% | -45.54% | -12.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -45.54% | — |
Current DrawdownCurrent decline from peak | -47.92% | -44.78% | -3.14% |
Average DrawdownAverage peak-to-trough decline | -31.42% | -15.17% | -16.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.85% | — |
Volatility
DRAY vs. YBIT - Volatility Comparison
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Volatility by Period
| DRAY | YBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 28.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 40.72% | 36.16% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.72% | 38.65% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.72% | 38.65% | +2.07% |
DRAY vs. YBIT - Expense Ratio Comparison
Both DRAY and YBIT have an expense ratio of 0.99%.
Dividends
DRAY vs. YBIT - Dividend Comparison
DRAY's dividend yield for the trailing twelve months is around 89.20%, less than YBIT's 105.79% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DRAY YieldMax DKNG Option Income Strategy ETF | 89.20% | 32.48% | 0.00% |
YBIT YieldMax Bitcoin Option Income Strategy ETF | 105.79% | 88.33% | 60.00% |
Frequently Asked Questions
DRAY and YBIT have a correlation of 0.07, 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 YBIT have the same expense ratio: 0.99% per year.
YBIT has the higher dividend yield at 105.79%, compared with 89.20% for DRAY.
DRAY is categorized as Derivative Income, while YBIT is Cryptocurrency.
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