HIYY vs. FIYY

Last updated Jul 12, 2026

HIYY (YieldMax HIMS Option Income Strategy ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a 0.04 correlation, their price movements are largely independent. HIYY charges 0.99%/yr vs 1.07%/yr for FIYY.

Performance

HIYY vs. FIYY - Performance Comparison

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

Returns By Period

HIYY

• 1D: -2.64%
• 1M: 15.27%
• 6M: 5.26%
• YTD: 2.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.13%
• 1M: -0.57%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HIYY vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
HIYY YieldMax HIMS Option Income Strategy ETF	19.87%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.94%

Correlation

The correlation between HIYY and FIYY is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	0.04

Return for Risk

HIYY vs. FIYY - Risk-Adjusted Trends Comparison

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

HIYY vs. FIYY - Drawdown Comparison

The maximum HIYY drawdown since its inception was -73.95%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for HIYY and FIYY.

Drawdown Indicators

	HIYY	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-73.95%	-2.51%	-71.44%
Current Drawdown Current decline from peak	-41.79%	-2.07%	-39.72%
Average Drawdown Average peak-to-trough decline	-43.76%	-1.46%	-42.30%

Volatility

Volatility by Period

	HIYY	FIYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	82.75%	5.14%	+77.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.75%	5.14%	+77.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.75%	5.14%	+77.61%

HIYY vs. FIYY - Expense Ratio Comparison

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

Dividends

HIYY vs. FIYY - Dividend Comparison

HIYY's dividend yield for the trailing twelve months is around 92.74%, more than FIYY's 1.13% yield.

Position	TTM	2025
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%	0.00%
HIYY YieldMax HIMS Option Income Strategy ETF	92.74%	29.99%

Frequently Asked Questions

Can I hold both HIYY and FIYY in my portfolio?

HIYY and FIYY have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HIYY or FIYY?

On fees, HIYY 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, HIYY or FIYY?

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

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

HIYY has the higher dividend yield at 92.74%, compared with 1.13% for FIYY.

What is the main difference between HIYY and FIYY?

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