AZYY vs. PEPS
AZYY (GraniteShares YieldBoost AMZN ETF) and PEPS (Parametric Equity Plus ETF) are both Derivative Income funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. AZYY charges 1.07%/yr vs 0.10%/yr for PEPS.
Performance
AZYY vs. PEPS - Performance Comparison
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Returns By Period
In the year-to-date period, AZYY achieves a -5.17% return, which is significantly lower than PEPS's 7.73% return.
AZYY
- 1D
- -0.85%
- 1M
- -5.83%
- YTD
- -5.17%
- 6M
- -3.02%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PEPS
- 1D
- -3.03%
- 1M
- 1.48%
- YTD
- 7.73%
- 6M
- 7.55%
- 1Y
- 28.72%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AZYY vs. PEPS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AZYY GraniteShares YieldBoost AMZN ETF | -5.17% | -5.33% |
PEPS Parametric Equity Plus ETF | 7.73% | 5.27% |
Correlation
The correlation between AZYY and PEPS is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.63 |
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Return for Risk
AZYY vs. PEPS — Risk / Return Rank
AZYY
PEPS
AZYY vs. PEPS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBoost AMZN ETF (AZYY) and Parametric Equity Plus ETF (PEPS). 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.
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Sharpe Ratios by Period
| AZYY | PEPS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.93 | -1.56 |
Drawdowns
AZYY vs. PEPS - Drawdown Comparison
The maximum AZYY drawdown since its inception was -23.12%, which is greater than PEPS's maximum drawdown of -21.26%. Use the drawdown chart below to compare losses from any high point for AZYY and PEPS.
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Drawdown Indicators
| AZYY | PEPS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.12% | -21.26% | -1.86% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.80% | — |
Current DrawdownCurrent decline from peak | -15.06% | -3.15% | -11.91% |
Average DrawdownAverage peak-to-trough decline | -12.11% | -2.77% | -9.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.10% | — |
Volatility
AZYY vs. PEPS - Volatility Comparison
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Volatility by Period
| AZYY | PEPS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.33% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 21.92% | 13.43% | +8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.92% | 18.43% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 18.43% | +3.49% |
AZYY vs. PEPS - Expense Ratio Comparison
AZYY has a 1.07% expense ratio, which is higher than PEPS's 0.10% expense ratio.
Dividends
AZYY vs. PEPS - Dividend Comparison
AZYY's dividend yield for the trailing twelve months is around 44.15%, more than PEPS's 0.91% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AZYY GraniteShares YieldBoost AMZN ETF | 44.15% | 15.86% | 0.00% |
PEPS Parametric Equity Plus ETF | 0.91% | 1.00% | 0.17% |
Frequently Asked Questions
AZYY and PEPS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PEPS is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PEPS is cheaper with a 0.10% expense ratio, compared with 1.07% for AZYY.
AZYY has the higher dividend yield at 44.15%, compared with 0.91% for PEPS.
They also come from different issuers: GraniteShares and Parametric. Their fees differ too: 1.07% for AZYY and 0.10% for PEPS.
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