BLV vs. FIYY

Last updated Aug 4, 2026

BLV (Vanguard Long-Term Bond ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both exchange-traded funds - BLV is a Long-Term Bond fund tracking the Bloomberg U.S. Long Government/Credit Float Adjusted Index, while FIYY is a Derivative Income fund actively managed by GraniteShares. BLV is passively managed, while FIYY is actively managed. Their 0.60 correlation means they have sometimes moved together and sometimes differently. BLV charges 0.03%/yr vs 1.07%/yr for FIYY.

Performance

BLV vs. FIYY - Performance Comparison

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

Returns By Period

BLV

• 1D: 0.44%
• 1M: -3.14%
• 6M: -2.34%
• YTD: -2.38%
• 1Y: -0.29%
• 3Y*: 2.08%
• 5Y*: -5.11%
• 10Y*: 0.32%
• ALL TIME*: 4.05%

FIYY

• 1D: 1.39%
• 1M: 0.44%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BLV Vanguard Long-Term Bond ETF	$51.99M	$52.76M	$45.16M
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	$561.45	$568.29	$1.17K

BLV vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
BLV Vanguard Long-Term Bond ETF	-1.59%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.47%

Correlation

The correlation between BLV and FIYY is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.60

Return for Risk

BLV vs. FIYY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BLV

BLV Risk / Return Rank: 10
BLV Sharpe Ratio Rank: 11
BLV Sortino Ratio Rank: 10
BLV Omega Ratio Rank: 9
BLV Calmar Ratio Rank: 10
BLV Martin Ratio Rank: 10

FIYY

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BLV vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Bond ETF (BLV) 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.

	BLV	FIYY	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	—	—
Sortino ratio: Return per unit of downside risk	0.00	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.05	—	—
Martin ratio: Return relative to average drawdown	-0.11	—	—

Drawdowns

BLV vs. FIYY - Drawdown Comparison

The maximum BLV drawdown since its inception was -38.29%, which is greater than FIYY's maximum drawdown of -2.94%. Use the drawdown chart below to compare losses from any high point for BLV and FIYY.

Drawdown Indicators

	BLV	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-38.29%	-2.94%	-35.35%
Max Drawdown (1Y) Largest decline over 1 year	-5.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-11.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.29%	—	—
Current Drawdown Current decline from peak	-26.16%	-1.60%	-24.56%
Average Drawdown Average peak-to-trough decline	-9.64%	-1.59%	-8.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	—	—

Volatility

Volatility by Period

	BLV	FIYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	5.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.77%	5.71%	+2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.91%	5.71%	+7.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.95%	5.71%	+6.24%

BLV vs. FIYY - Expense Ratio Comparison

BLV has a 0.03% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

BLV vs. FIYY - Dividend Comparison

BLV's dividend yield for the trailing twelve months is around 4.97%, more than FIYY's 1.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLV Vanguard Long-Term Bond ETF	4.97%	4.67%	5.09%	4.06%	4.17%	3.37%	6.12%	3.57%	4.07%	3.63%	4.16%	4.37%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BLV and FIYY in my portfolio?

BLV and FIYY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BLV or FIYY?

On fees, BLV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BLV or FIYY?

BLV is cheaper with a 0.03% expense ratio, compared with 1.07% for FIYY.

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

BLV has the higher dividend yield at 4.97%, compared with 1.24% for FIYY.

What is the main difference between BLV and FIYY?

BLV is categorized as Long-Term Bond, while FIYY is Derivative Income. They also come from different issuers: Vanguard and GraniteShares. Their fees differ too: 0.03% for BLV and 1.07% for FIYY.