DRAY vs IVV
YieldMax DKNG Option Income Strategy ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DRAY | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.03% | |
| AUM | $4M | $865.2B | |
| Dividend Yield | 88.84% | 1.09% | |
| Holdings | 11 | 508 | |
| YTD Return | -31.34% | +13.80% | |
| 1Y Return | -46.25% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 39.8% | 15.1% | |
| Max Drawdown | -57.9% | -56.5% | |
| Fund Family | YieldMax ETF | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 14, 2025 | May 15, 2000 |
DRAY vs IVV Performance
YieldMax DKNG Option Income Strategy ETF (DRAY) is a ETF from YieldMax ETF and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DRAY returned -46.25% while IVV returned +23.70%. Year to date, DRAY is down 31.34% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
DRAY has been the more volatile fund, with annualized monthly volatility of 39.8% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.9% for DRAY and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DRAY charges 1.03% per year while IVV charges 0.03%. On a $10,000 position that is $103 vs $3 annually, a gap of $100 per year that compounds over a long holding period. On income, DRAY currently yields 88.84% against 1.09% for IVV.
Holdings Overlap
DRAY and IVV share 0 holdings out of 508 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DRAY or IVV?
DRAY has an expense ratio of 1.03% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $100 per year of difference.
Which performed better, DRAY or IVV?
Over the past year DRAY returned -46.25% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), DRAY annualized -41.25% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, DRAY or IVV?
DRAY has been the more volatile fund at 39.8% annualized versus 15.1% for IVV. Worst drawdown: DRAY -57.9% vs IVV -56.5%.
Should I hold both DRAY and IVV?
DRAY and IVV have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DRAY and IVV?
DRAY and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 508 unique securities.
Which pays a higher dividend, DRAY or IVV?
DRAY yields 88.84% while IVV yields 1.09%, so DRAY currently pays the higher dividend yield.
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