BIOY vs. FIYY

Last updated Jul 21, 2026

BIOY (GraniteShares YieldBOOST Biotech ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds from GraniteShares. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. Both charge a 1.07% expense ratio.

Performance

BIOY vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Biotech ETF (BIOY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BIOY

• 1D: -3.35%
• 1M: -2.48%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FIYY

• 1D: 0.04%
• 1M: -0.43%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

BIOY vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
BIOY GraniteShares YieldBOOST Biotech ETF	-3.36%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.75%

Correlation

The correlation between BIOY and FIYY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.28

Return for Risk

BIOY vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Biotech ETF (BIOY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

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

Drawdowns

BIOY vs. FIYY - Drawdown Comparison

The maximum BIOY drawdown since its inception was -6.64%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for BIOY and FIYY.

Drawdown Indicators

	BIOY	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-6.64%	-2.51%	-4.13%
Current Drawdown Current decline from peak	-6.64%	-1.87%	-4.77%
Average Drawdown Average peak-to-trough decline	-2.16%	-1.52%	-0.64%

Volatility

Volatility by Period

	BIOY	FIYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	18.55%	4.85%	+13.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.55%	4.85%	+13.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.55%	4.85%	+13.70%

BIOY vs. FIYY - Expense Ratio Comparison

Both BIOY and FIYY have an expense ratio of 1.07%.

Dividends

BIOY vs. FIYY - Dividend Comparison

BIOY's dividend yield for the trailing twelve months is around 13.82%, more than FIYY's 1.17% yield.

Position	TTM
BIOY GraniteShares YieldBOOST Biotech ETF	13.82%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.17%

Frequently Asked Questions

Can I hold both BIOY and FIYY in my portfolio?

BIOY and FIYY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BIOY or FIYY?

Both ETFs have the same 1.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BIOY or FIYY?

BIOY and FIYY have the same expense ratio: 1.07% per year.

Which ETF pays a higher dividend yield, BIOY or FIYY?

BIOY has the higher dividend yield at 13.82%, compared with 1.17% for FIYY.