HOOW vs. HOYY

Last updated Jun 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and HOYY (GraniteShares YieldBOOST HOOD ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while HOYY is a Derivative Income fund actively managed by GraniteShares. Both are actively managed. Their correlation of 0.90 suggests significant overlap in exposure. HOOW charges 0.99%/yr vs 1.07%/yr for HOYY.

Performance

HOOW vs. HOYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) and GraniteShares YieldBOOST HOOD ETF (HOYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOW achieves a -34.08% return, which is significantly lower than HOYY's -29.50% return.

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOYY

• 1D: -0.42%
• 1M: 0.36%
• YTD: -29.50%
• 6M: -37.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOW vs. HOYY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	-26.79%
HOYY GraniteShares YieldBOOST HOOD ETF	-29.50%	-24.36%

Correlation

The correlation between HOOW and HOYY 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 Oct 1, 2025	0.90

Return for Risk

HOOW vs. HOYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) and GraniteShares YieldBOOST HOOD ETF (HOYY). 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

	HOOW	HOYY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	-1.65	+1.61

Drawdowns

HOOW vs. HOYY - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, which is greater than HOYY's maximum drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for HOOW and HOYY.

Drawdown Indicators

	HOOW	HOYY	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-51.54%	-14.20%
Current Drawdown Current decline from peak	-55.23%	-49.50%	-5.73%
Average Drawdown Average peak-to-trough decline	-29.13%	-32.56%	+3.43%

Volatility

Volatility by Period

	HOOW	HOYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	83.86%	37.03%	+46.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.86%	37.03%	+46.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.86%	37.03%	+46.83%

HOOW vs. HOYY - Expense Ratio Comparison

HOOW has a 0.99% expense ratio, which is lower than HOYY's 1.07% expense ratio.

Dividends

HOOW vs. HOYY - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 163.90%, less than HOYY's 187.33% yield.

Position	TTM	2025
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%
HOYY GraniteShares YieldBOOST HOOD ETF	187.33%	50.51%

Frequently Asked Questions

Can I hold both HOOW and HOYY in my portfolio?

HOOW and HOYY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOW or HOYY?

On fees, HOOW 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, HOOW or HOYY?

HOOW is cheaper with a 0.99% expense ratio, compared with 1.07% for HOYY.

Which ETF pays a higher dividend yield, HOOW or HOYY?

HOYY has the higher dividend yield at 187.33%, compared with 163.90% for HOOW.

What is the main difference between HOOW and HOYY?

HOOW is categorized as Leveraged Equities, while HOYY is Derivative Income. They also come from different issuers: Roundhill and GraniteShares. Their fees differ too: 0.99% for HOOW and 1.07% for HOYY.