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DRAI

GradeDNew York Stock Exchange Arca

Draco Evolution AI ETF

Multi-Asset & Alternatives · Draco · Inception 2024-07-09

$33.20−0.47 (−1.38%)

As of Sep 23, 2026, 2:25 PM EDT

History starts Jul 10, 2024.
Intraday session: down, 59 prints from 33.67 to 33.20. Range 33.07 to 33.53. Use the arrow keys to read each point.$33.10$33.30$33.40$33.5010 AM12 PM2 PM4 PM
Expense ratio
1.34%
Fund size
$21M
1Y return
+16.3%
Yield · Last 12 months
1.70%
Volume · 30D
0M sh
NAV per share
$33.47
52W range
low $27.45high $36.03

The ETF.net DRAI Grade

D

25/ 100

Rank 43 of 46 in Tactical Allocation⁠

Confidence High

Six-pillar profile for DRAI. Scores out of 100: Cost 14, Risk 40, Mission 24, Tradability 31, Holdings 32, Durability 26. Strongest: Risk (40). Weakest: Cost (14). Leans toward Risk.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 25 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 14
    Category rank39/46 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    FScore 24
    Category rank22/26 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 40
    Category rank31/46 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 31
    Category rank31/46 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 32
    Category rank40/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank39/46 · bottom quartile

Graded as of Sep 22, 2026

Our read on DRAI

ETF.net Research

DThe AI isn't the theme here, it's the portfolio manager. DRAI hands asset-class allocation to a model instead of a fixed stock/bond glide path: active, go-anywhere, and priced like it.

Stated mandate

The Fund seeks long-term capital appreciation through active, AI-driven allocation among asset classes selected for their perceived risk/return opportunities.

Why people hold it

  1. 01The mandate is literal, not marketing: active, AI-driven allocation among asset classes selected for their perceived risk/return opportunities.
  2. 02One ticker, many asset classes. No fixed stock/bond split locks it in place, so the mix can shift as the model's read changes.
  3. 03Pays on a quarterly cadence, in a plain '40 Act wrapper with no structural quirks flagged in review.

Worth knowing

  1. 01At 1.34% a year, the fee sits near the top of the allocation shelf. Index-built peers such as AOA and NTSX run at a small fraction of that.
  2. 02Small asset base and thin trading, so spreads can widen and fills get choppier than in the big core allocation funds.
  3. 03Launched in 2024, so the model has a short public record. On cost, tradability and portfolio build it lands in the lower tier of its allocation peer group.

DRAI Holdings

As of Sep 20, 2026, 10:19 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
USDU33.1%

Sectors

  • Technology51.2%
  • Communication11.7%
  • Consumer Discr.10.5%
  • Health Care6.0%
  • Cons. Staples5.6%
  • Industrials5.4%
  • Financials4.8%
  • Energy1.6%
  • Utilities1.5%
  • Materials1.3%
  • Real Estate0.7%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001USDUWisdomTree Bloomberg U.S. Dollar Bullish Fund33.13%260,407$7M4
002TLTiShares 20+ Year Treasury Bond ETF20.87%53,619$4M7
003—First American Government Obligations Fund 12/01/203119.91%4,163,454$4M625
004IAUiShares Gold Trust13.07%33,179$3M5
005TQQQProShares UltraPro QQQ6.65%19,189$1M3
006SPXLDirexion Daily S&P 500 Bull 3X ETF6.37%4,724$1M2

Showing 1–6 of 6 holdings

DRAI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DRAI$11,634
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DRAI $11,634. SPY $11,723. Use the arrow keys to read each point.$9,301$10,967$12,633Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DRAI. Periods over one year show the average yearly return.
PeriodDRAI
Year to date+11.7%
1 month+1.2%
3 months−2.7%
1 year+16.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DRAI
YearReturn barDRAI
2026 YTD+11.7%
2025+33.7%
2024−7.7%

History from Jul 10, 2024

DRAI in the news

ETF.net Research hasn’t filed on DRAI yet — coverage lands here as it’s written.

DRAI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.70%Last 12 months
Payout per share
$0.57Last 12 months
Last payment
$0.14 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 7 payments from 2024 to 2026 YTD. Sep 27, 2024 $0.04; Dec 30, 2024 $0.46; Jun 27, 2025 $0.03; Sep 29, 2025 $0.15; Dec 23, 2025 $0.27; Mar 30, 2026 $0.02; Jun 29, 2026 $0.14. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.14
Mar 30, 2026Mar 31, 2026$0.02
Dec 23, 2025Dec 24, 2025$0.27
Sep 29, 2025Sep 30, 2025$0.15
Jun 27, 2025Jun 30, 2025$0.03
Dec 30, 2024Dec 31, 2024$0.46
Sep 27, 2024Sep 30, 2024$0.04

DRAI Risk

How much the fund’s monthly returns vary, scaled to a year.
16.6%
Annualised · 25 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · 25 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−13.7%
26 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.24
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

DRAI Cost

Expense ratio1.34%
  • The middle half of Tactical Allocation funds
  • Median 0.91%

39 of the 46 Tactical Allocation funds charge less.

DRAI costs $134.00 a year on $10,000. The median Tactical Allocation fund costs $90.50.