GMEY vs. FIYY

Last updated Jul 17, 2026

GMEY (YieldMax GME Option Income Strategy ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a 0.15 correlation, their price movements are largely independent. GMEY charges 0.99%/yr vs 1.07%/yr for FIYY.

Performance

GMEY vs. FIYY - Performance Comparison

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

Returns By Period

GMEY

• 1D: -0.46%
• 1M: 1.76%
• 6M: -1.19%
• YTD: 3.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

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

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

GMEY vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
GMEY YieldMax GME Option Income Strategy ETF	-5.38%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.79%

Correlation

The correlation between GMEY and FIYY is 0.15, 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	0.15

Return for Risk

GMEY vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) 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

GMEY vs. FIYY - Drawdown Comparison

The maximum GMEY drawdown since its inception was -25.67%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for GMEY and FIYY.

Drawdown Indicators

	GMEY	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-25.67%	-2.51%	-23.16%
Current Drawdown Current decline from peak	-22.10%	-1.91%	-20.19%
Average Drawdown Average peak-to-trough decline	-17.22%	-1.50%	-15.72%

Volatility

Volatility by Period

	GMEY	FIYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	27.75%	4.95%	+22.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.75%	4.95%	+22.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.75%	4.95%	+22.80%

GMEY vs. FIYY - Expense Ratio Comparison

GMEY has a 0.99% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

GMEY vs. FIYY - Dividend Comparison

GMEY's dividend yield for the trailing twelve months is around 59.67%, more than FIYY's 1.13% yield.

Position	TTM	2025
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%
GMEY YieldMax GME Option Income Strategy ETF	59.67%	21.84%

Frequently Asked Questions

Can I hold both GMEY and FIYY in my portfolio?

GMEY and FIYY have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMEY or FIYY?

On fees, GMEY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GMEY or FIYY?

GMEY is cheaper with a 0.99% expense ratio, compared with 1.07% for FIYY.

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

GMEY has the higher dividend yield at 59.67%, compared with 1.13% for FIYY.

What is the main difference between GMEY and FIYY?

They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for GMEY and 1.07% for FIYY.