YieldMax DKNG Option Income Strategy ETF (DRAY) — Stock Correlations & Overview
Over the past year, DRAY has moved most closely with DKNG, ODDS, FLUT. Explore the stocks most correlated and inversely correlated with DRAY below, along with its price, financials, and company profile.
Stocks correlated with DRAY
Correlation of daily returns. Higher positive values move with DRAY; negative values move opposite it. Informational only, not investment advice.
Most correlated with DRAY
| Symbol | Company | Correlation |
|---|---|---|
| DKNG | DraftKings Inc. Class A Common StockSERVICES-MISCELLANEOUS AMUSEMENT & RECREATION | 0.92 |
| ODDS | Pacer BlueStar Digital Entertainment ETF | 0.65 |
| FLUT | Flutter Entertainment plcSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.61 |
| BETZ | Roundhill Sports Betting & iGaming ETF | 0.61 |
| BNGE | First Trust S-Network Streaming and Gaming ETF | 0.49 |
Most inversely correlated with DRAY
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.36 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.35 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.33 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.29 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.24 |
Frequently asked questions about DRAY correlations
- Which stocks are most correlated with DRAY?
- Based on one year of daily returns, the stocks most correlated with YieldMax DKNG Option Income Strategy ETF (DRAY) are DKNG (0.92), ODDS (0.65) and FLUT (0.61). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with DRAY?
- Over the past year, the stocks most inversely correlated with YieldMax DKNG Option Income Strategy ETF (DRAY) are HDGE (-0.36), FLYD (-0.35) and WEBS (-0.33). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these DRAY correlations calculated?
- We compute the correlation of daily returns between DRAY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.