YieldMax DKNG Option Income Strategy ETF (DRAY) Performance
DRAY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −38.9% since Dec 31, 2025
- 1 year
- −40.5% total return
- Since first price
- −50.7% since 2025
DRAY trailing returns vs SPY, QQQ, AGG
| Period | DRAY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.8% | −5.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.3% | −16.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.7% | −21.8% | +7.8% | +8.4% | −1.5% |
| YTD | −38.9% | −61.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −40.5% | −67.1% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 15, 2025 | −50.7% | −76.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DRAY vs SPY
From Jul 15, 2025: DRAY grew to $4,934, SPY to $12,381.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DRAY returns by calendar year
2026 is year to date.
DRAY annual returns table
| Year | DRAY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −38.9% | −47.8% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DRAY largest drawdowns
Now 55.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 28, 2025 | −60.6% | Oct 2, 2026 | not yet | 1.1 years | 1.2 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DRAY risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | −51.0% |
| Volatility (annualized) | 39.9% |
| Sharpe ratio | -1.63 |
| Sortino ratio | -1.62 |
| Best month | +12.3% |
| Worst month | −20.2% |
| Best 12 months | −47.7% |
| Worst 12 months | −50.2% |
| Positive months | 50% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DRAY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 4 | −50.2% | −48.5% | −33.1% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
DRAY performance overview
YieldMax DKNG Option Income Strategy ETF (DRAY) returned −40.5% over the past year, with distributions reinvested. Since its first recorded price on Jul 15, 2025 it has returned −50.7%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −60.6%, from Aug 28, 2025 to Oct 2, 2026; the fund has not yet regained that high. Volatility has been 39.9% a year.
Related: DRAY chart, DRAY dividends. See the DRAY overview for the latest quote and fund facts.
DRAY performance FAQ
What is the DRAY return over the past year?
DRAY returned −40.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 67.1%.
How much would $10,000 invested in DRAY be worth?
$10,000 invested in DRAY at its first recorded close on July 15, 2025 would be worth about $4,934 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of DRAY?
The largest peak-to-trough decline was −60.6% between August 28, 2025 and October 2, 2026. It has not yet recovered to that high; it is 55.7% below its peak.
How volatile is DRAY?
Over the past history DRAY had an annualized volatility of 39.9% and a Sharpe ratio of -1.63 (excess return over 1–3 month T-bills per unit of risk).