AMYY vs. TBIL

Last updated Jun 4, 2026

AMYY (GraniteShares YieldBOOST AMD ETF) and TBIL (US Treasury 3 Month Bill ETF) are both exchange-traded funds - AMYY is a Derivative Income fund actively managed by GraniteShares, while TBIL is a Ultrashort Bond fund tracking the ICE BofA US Treasury Bill 3 Month Index. AMYY is actively managed, while TBIL is passively managed. At a correlation of -0.16, they often move in opposite directions. AMYY charges 1.07%/yr vs 0.15%/yr for TBIL.

Performance

AMYY vs. TBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST AMD ETF (AMYY) and US Treasury 3 Month Bill ETF (TBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMYY achieves a 7.93% return, which is significantly higher than TBIL's 1.49% return.

AMYY

• 1D: 0.54%
• 1M: 9.36%
• YTD: 7.93%
• 6M: 13.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TBIL

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.49%
• 6M: 1.78%
• 1Y: 3.93%
• 3Y*: 4.64%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AMYY vs. TBIL - Yearly Performance Comparison

	2026 (YTD)	2025
AMYY GraniteShares YieldBOOST AMD ETF	7.93%	20.39%
TBIL US Treasury 3 Month Bill ETF	1.49%	1.16%

Correlation

The correlation between AMYY and TBIL is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025	-0.16

Return for Risk

AMYY vs. TBIL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBIL

TBIL Risk / Return Rank: 100
TBIL Sharpe Ratio Rank: 100
TBIL Sortino Ratio Rank: 100
TBIL Omega Ratio Rank: 100
TBIL Calmar Ratio Rank: 100
TBIL Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AMYY vs. TBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST AMD ETF (AMYY) and US Treasury 3 Month Bill ETF (TBIL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AMYY	TBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	13.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	14.07	-12.33

Drawdowns

AMYY vs. TBIL - Drawdown Comparison

The maximum AMYY drawdown since its inception was -16.91%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for AMYY and TBIL.

Drawdown Indicators

	AMYY	TBIL	Difference
Max Drawdown Largest peak-to-trough decline	-16.91%	-0.10%	-16.81%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.02%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.51%	-0.00%	-5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	AMYY	TBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	25.74%	0.29%	+25.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	0.32%	+25.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.74%	0.32%	+25.42%

AMYY vs. TBIL - Expense Ratio Comparison

AMYY has a 1.07% expense ratio, which is higher than TBIL's 0.15% expense ratio.

Dividends

AMYY vs. TBIL - Dividend Comparison

AMYY's dividend yield for the trailing twelve months is around 81.55%, more than TBIL's 3.82% yield.

Position	TTM	2025	2024	2023	2022
AMYY GraniteShares YieldBOOST AMD ETF	81.55%	30.28%	0.00%	0.00%	0.00%
TBIL US Treasury 3 Month Bill ETF	3.82%	4.07%	5.02%	5.00%	1.10%

Frequently Asked Questions

Can I hold both AMYY and TBIL in my portfolio?

AMYY and TBIL have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMYY or TBIL?

On fees, TBIL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMYY or TBIL?

TBIL is cheaper with a 0.15% expense ratio, compared with 1.07% for AMYY.

Which ETF pays a higher dividend yield, AMYY or TBIL?

AMYY has the higher dividend yield at 81.55%, compared with 3.82% for TBIL.

What is the main difference between AMYY and TBIL?

AMYY is categorized as Derivative Income, while TBIL is Ultrashort Bond. They also come from different issuers: GraniteShares and US Benchmark Series. Their fees differ too: 1.07% for AMYY and 0.15% for TBIL.