DRAY vs QQQ
YieldMax DKNG Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | DRAY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.03% | 0.18% | |
| AUM | $4M | $455.8B | |
| Dividend Yield | 88.84% | 0.41% | |
| Holdings | 11 | 108 | |
| YTD Return | -33.57% | +17.85% | |
| 1Y Return | -45.24% | +26.45% | |
| 3Y Return (annualized) | - | +26.07% | |
| 5Y Return (annualized) | - | +15.16% | |
| Volatility (annualized) | 39.1% | 30.6% | |
| Max Drawdown | -57.9% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 14, 2025 | Mar 10, 1999 |
DRAY vs QQQ Performance
YieldMax DKNG Option Income Strategy ETF (DRAY) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year DRAY returned -45.24% while QQQ returned +26.45%. Year to date, DRAY is down 33.57% versus a gain of 17.85% for QQQ.
Risk: Volatility and Drawdowns
DRAY has been the more volatile fund, with annualized monthly volatility of 39.1% compared with 30.6% for QQQ. 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 -83.0% for QQQ. 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 0.34. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DRAY charges 1.03% per year while QQQ charges 0.18%. On a $10,000 position that is $103 vs $18 annually, a gap of $85 per year that compounds over a long holding period. On income, DRAY currently yields 88.84% against 0.41% for QQQ.
Holdings Overlap
DRAY and QQQ share 0 holdings out of 106 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 QQQ?
DRAY has an expense ratio of 1.03% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, DRAY or QQQ?
Over the past year DRAY returned -45.24% vs +26.45% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (1 years), DRAY annualized -42.80% vs +13.09% for QQQ. Past performance does not guarantee future results.
Which is riskier, DRAY or QQQ?
DRAY has been the more volatile fund at 39.1% annualized versus 30.6% for QQQ. Worst drawdown: DRAY -57.9% vs QQQ -83.0%.
Should I hold both DRAY and QQQ?
DRAY and QQQ have a monthly-return correlation of 0.34, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DRAY and QQQ?
DRAY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 106 unique securities.
Which pays a higher dividend, DRAY or QQQ?
DRAY yields 88.84% while QQQ yields 0.41%, so DRAY currently pays the higher dividend yield.
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