Data as of . Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate.
DRAY · YieldMax(R) DKNG Option Income Strategy ETF
YieldMax · Income desk
Open the live card on ETFIQOver the year to Sep 4, 2026, DRAY paid 29.1% of its starting value in cash distributions while its price fell 73.3%. With every distribution reinvested, the fund returned −50.0%. (DKNG) returned −49.4% over the same days, so a holder was behind by 0.7 pts. At its price on Sep 4, 2026 the latest distribution annualises to 55.0%, paid weekly. YieldMax estimates that 23% of the distribution paid Sep 4, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
| Strategy | synthetic covered call |
|---|---|
| Benchmark | (DKNG) |
| Pays | weekly |
| Payout rate, annualised (ETFIQ) | 55.0% |
| Expense ratio (prospectus XBRL) | 1.03% |
| Cash paid, trailing 12 months (ETFIQ) | 109.2% |
| Launched | Jul 15, 2025 |
| 3 months: paid / price / total / DKNG / ahead or behind (ETFIQ) | 13.4% / −16.8% / −3.8% / −3.7% / −0.1 pts |
| 6 months: paid / price / total / DKNG / ahead or behind (ETFIQ) | 26.4% / −26.1% / +0.2% / −4.5% / +4.7 pts |
| 1 year: paid / price / total / DKNG / ahead or behind (ETFIQ) | 29.1% / −73.3% / −50.0% / −49.4% / −0.7 pts |
| since launch: paid / price / total / DKNG / ahead or behind (ETFIQ) | 35.1% / −71.8% / −44.9% / −45.2% / +0.2 pts |
| Return of capital, latest distribution (YieldMax 19a-1 estimate) | 22.5% |
Questions people ask
- How much has DRAY paid over the last year?
- Over the year to Sep 4, 2026, DRAY paid 29.1% of its starting price in cash distributions, while the price fell 73.3%.
- Is DRAY ahead of DKNG?
- Over the year to Sep 4, 2026, with every distribution reinvested, DRAY returned −50.0% against −49.4% for (DKNG), so a holder was behind it by 0.7 points.
- How often does DRAY pay, and how much?
- DRAY pays weekly. The latest distribution annualises to 55.0% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- Is the DRAY distribution return of capital?
- YieldMax estimates 23% of the distribution paid Sep 4, 2026 was return of capital. That is a tax characterisation from the fund's own 19a-1 notice, not a measure of erosion.
- What does DRAY cost?
- The prospectus expense ratio is 1.03% a year.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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<p><a href="https://etfiq.com/funds/DRAY.html">DRAY payout bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, DRAY on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/DRAY.html Free to use with attribution; the underlying files are at Open data.
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