FIYY vs. FTHI

Last updated Jul 24, 2026

FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) and FTHI (First Trust BuyWrite Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.19 correlation, their price movements are largely independent. FIYY charges 1.07%/yr vs 0.85%/yr for FTHI.

Performance

FIYY vs. FTHI - Performance Comparison

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

Returns By Period

FIYY

• 1D: -0.04%
• 1M: -0.61%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FTHI

• 1D: -0.55%
• 1M: 0.81%
• 6M: 4.45%
• YTD: 5.73%
• 1Y: 12.85%
• 3Y*: 13.61%
• 5Y*: 11.22%
• 10Y*: 8.43%
• ALL TIME*: 7.69%

*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)
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	$540.13	$536.86	$1.57K
FTHI First Trust BuyWrite Income ETF	$21.44M	$19.51M	$17.27M

FIYY vs. FTHI - Yearly Performance Comparison

	2026 (YTD)
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.89%
FTHI First Trust BuyWrite Income ETF	2.66%

Correlation

The correlation between FIYY and FTHI is 0.19, 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	0.19

Return for Risk

FIYY vs. FTHI — 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.

FTHI

FTHI Risk / Return Rank: 61
FTHI Sharpe Ratio Rank: 55
FTHI Sortino Ratio Rank: 56
FTHI Omega Ratio Rank: 55
FTHI Calmar Ratio Rank: 63
FTHI Martin Ratio Rank: 74

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. FTHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY) and First Trust BuyWrite Income ETF (FTHI). 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	FTHI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.40	—
Sortino ratio: Return per unit of downside risk	—	2.05	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.36	—
Martin ratio: Return relative to average drawdown	—	9.98	—

Drawdowns

FIYY vs. FTHI - Drawdown Comparison

The maximum FIYY drawdown since its inception was -2.51%, smaller than the maximum FTHI drawdown of -32.65%. Use the drawdown chart below to compare losses from any high point for FIYY and FTHI.

Drawdown Indicators

	FIYY	FTHI	Difference
Max Drawdown Largest peak-to-trough decline	-2.51%	-32.65%	+30.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.47%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.70%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.65%	—
Current Drawdown Current decline from peak	-2.01%	-0.55%	-1.46%
Average Drawdown Average peak-to-trough decline	-1.54%	-3.65%	+2.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.29%	—

Volatility

Volatility by Period

	FIYY	FTHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.37%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.33%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.72%	9.23%	-4.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.72%	13.36%	-8.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.72%	14.19%	-9.47%

FIYY vs. FTHI - Expense Ratio Comparison

FIYY has a 1.07% expense ratio, which is higher than FTHI's 0.85% expense ratio.

Dividends

FIYY vs. FTHI - Dividend Comparison

FIYY's dividend yield for the trailing twelve months is around 1.17%, less than FTHI's 8.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FTHI First Trust BuyWrite Income ETF	8.85%	8.70%	8.61%	8.50%	9.06%	4.37%	4.76%	4.21%	4.76%	4.00%	4.41%	4.98%

Frequently Asked Questions

Can I hold both FIYY and FTHI in my portfolio?

FIYY and FTHI have a correlation of 0.19, 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 FTHI?

On fees, FTHI is cheaper at 0.85% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FIYY or FTHI?

FTHI is cheaper with a 0.85% expense ratio, compared with 1.07% for FIYY.

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

FTHI has the higher dividend yield at 8.85%, compared with 1.17% for FIYY.

What is the main difference between FIYY and FTHI?

They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 1.07% for FIYY and 0.85% for FTHI.