FIYY vs. BLV

Last updated Jul 17, 2026

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

Performance

FIYY vs. BLV - Performance Comparison

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

Returns By Period

FIYY

• 1D: 0.04%
• 1M: -0.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BLV

• 1D: -0.01%
• 1M: -1.79%
• 6M: -1.81%
• YTD: -0.75%
• 1Y: 4.61%
• 3Y*: 1.55%
• 5Y*: -4.47%
• 10Y*: 0.48%

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

FIYY vs. BLV - Yearly Performance Comparison

	2026 (YTD)
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.79%
BLV Vanguard Long-Term Bond ETF	0.05%

Correlation

The correlation between FIYY and BLV is 0.60, 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 May 5, 2026	0.60

Return for Risk

FIYY vs. BLV — Risk / Return Rank

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

FIYY

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

BLV

BLV Risk / Return Rank: 20
BLV Sharpe Ratio Rank: 21
BLV Sortino Ratio Rank: 19
BLV Omega Ratio Rank: 18
BLV Calmar Ratio Rank: 22
BLV Martin Ratio Rank: 21

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.

FIYY vs. BLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY) and Vanguard Long-Term Bond ETF (BLV). 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.

	FIYY	BLV	Difference
Sharpe ratio: Return per unit of total volatility	—	0.59	—
Sortino ratio: Return per unit of downside risk	—	0.89	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.81	—
Martin ratio: Return relative to average drawdown	—	1.91	—

Drawdowns

FIYY vs. BLV - Drawdown Comparison

The maximum FIYY drawdown since its inception was -2.51%, smaller than the maximum BLV drawdown of -38.29%. Use the drawdown chart below to compare losses from any high point for FIYY and BLV.

Drawdown Indicators

	FIYY	BLV	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	-38.29%	+35.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.16%	—
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	-1.91%	-24.92%	+23.01%
Average Drawdown Average peak-to-trough decline	-1.50%	-9.60%	+8.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.42%	—

Volatility

Volatility by Period

	FIYY	BLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.95%	7.85%	-2.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.95%	12.92%	-7.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.95%	11.95%	-7.00%

FIYY vs. BLV - Expense Ratio Comparison

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

Dividends

FIYY vs. BLV - Dividend Comparison

FIYY's dividend yield for the trailing twelve months is around 1.13%, less than BLV's 4.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BLV Vanguard Long-Term Bond ETF	4.87%	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	1.13%	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 FIYY and BLV in my portfolio?

FIYY and BLV 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, FIYY or BLV?

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, FIYY or BLV?

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

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

BLV has the higher dividend yield at 4.87%, compared with 1.13% for FIYY.

What is the main difference between FIYY and BLV?

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