COYY vs. COIN

Last updated Jun 5, 2026

COYY (GraniteShares YieldBOOST COIN ETF) is Derivative Income fund actively managed by GraniteShares, while COIN (Coinbase Global, Inc.) is a stock. Their correlation of 0.90 suggests significant overlap in exposure.

Performance

COYY vs. COIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST COIN ETF (COYY) and Coinbase Global, Inc. (COIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COYY achieves a -29.55% return, which is significantly lower than COIN's -27.42% return.

COYY

• 1D: 0.15%
• 1M: -7.00%
• YTD: -29.55%
• 6M: -39.93%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COIN

• 1D: 0.56%
• 1M: -17.00%
• YTD: -27.42%
• 6M: -40.11%
• 1Y: -35.89%
• 3Y*: 40.88%
• 5Y*: -6.43%
• 10Y*: —

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

COYY vs. COIN - Yearly Performance Comparison

	2026 (YTD)	2025
COYY GraniteShares YieldBOOST COIN ETF	-29.55%	-38.98%
COIN Coinbase Global, Inc.	-27.42%	-39.12%

Correlation

The correlation between COYY and COIN is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	0.90

Return for Risk

COYY vs. COIN — Risk / Return Rank

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

COIN

COIN Risk / Return Rank: 22
COIN Sharpe Ratio Rank: 19
COIN Sortino Ratio Rank: 22
COIN Omega Ratio Rank: 23
COIN Calmar Ratio Rank: 23
COIN Martin Ratio Rank: 24

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.

COYY vs. COIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST COIN ETF (COYY) and Coinbase Global, Inc. (COIN). 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

	COYY	COIN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.51	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.74	-0.15	-1.59

Drawdowns

COYY vs. COIN - Drawdown Comparison

The maximum COYY drawdown since its inception was -58.58%, smaller than the maximum COIN drawdown of -90.90%. Use the drawdown chart below to compare losses from any high point for COYY and COIN.

Drawdown Indicators

	COYY	COIN	Difference
Max Drawdown Largest peak-to-trough decline	-58.58%	-90.90%	+32.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-66.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-66.39%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.90%	—
Current Drawdown Current decline from peak	-58.52%	-60.90%	+2.38%
Average Drawdown Average peak-to-trough decline	-35.32%	-49.84%	+14.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	39.86%	—

Volatility

Volatility by Period

	COYY	COIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.31%	70.03%	-33.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.31%	85.85%	-49.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.31%	85.36%	-49.05%

Dividends

COYY vs. COIN - Dividend Comparison

COYY's dividend yield for the trailing twelve months is around 385.89%, while COIN has not paid dividends to shareholders.

Position	TTM	2025
COIN Coinbase Global, Inc.	0.00%	0.00%
COYY GraniteShares YieldBOOST COIN ETF	385.89%	132.14%

Frequently Asked Questions

Can I hold both COYY and COIN in my portfolio?

With a correlation of 0.90, COYY and COIN move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.