HOOY vs. HOYY

Last updated Jun 4, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and HOYY (GraniteShares YieldBOOST HOOD ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. HOOY charges 0.99%/yr vs 1.07%/yr for HOYY.

Performance

HOOY vs. HOYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax HOOD Option Income Strategy ETF (HOOY) 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, HOOY achieves a -20.00% return, which is significantly higher than HOYY's -29.50% return.

HOOY

• 1D: -4.94%
• 1M: 7.42%
• YTD: -20.00%
• 6M: -29.79%
• 1Y: 9.03%
• 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)

HOOY vs. HOYY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-20.00%	-20.57%
HOYY GraniteShares YieldBOOST HOOD ETF	-29.50%	-24.36%

Correlation

The correlation between HOOY and HOYY is 0.91, 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	0.91

Return for Risk

HOOY vs. HOYY — Risk / Return Rank

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

HOOY

HOOY Risk / Return Rank: 12
HOOY Sharpe Ratio Rank: 11
HOOY Sortino Ratio Rank: 13
HOOY Omega Ratio Rank: 14
HOOY Calmar Ratio Rank: 11
HOOY Martin Ratio Rank: 10

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.

HOOY vs. HOYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) 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.

	HOOY	HOYY	Difference
Sharpe ratio: Return per unit of total volatility	0.16	—	—
Sortino ratio: Return per unit of downside risk	0.62	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.18	—	—
Martin ratio: Return relative to average drawdown	0.32	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HOOY	HOYY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	-1.65	+2.20

Drawdowns

HOOY vs. HOYY - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, roughly equal to the maximum HOYY drawdown of -51.54%. Use the drawdown chart below to compare losses from any high point for HOOY and HOYY.

Drawdown Indicators

	HOOY	HOYY	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-51.54%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	—	—
Current Drawdown Current decline from peak	-40.38%	-49.50%	+9.12%
Average Drawdown Average peak-to-trough decline	-20.18%	-32.56%	+12.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.24%	—	—

Volatility

Volatility by Period

	HOOY	HOYY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	41.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.33%	37.03%	+18.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.48%	37.03%	+17.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.48%	37.03%	+17.45%

HOOY vs. HOYY - Expense Ratio Comparison

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

Dividends

HOOY vs. HOYY - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 160.00%, less than HOYY's 187.33% yield.

Position	TTM	2025
HOOY YieldMax HOOD Option Income Strategy ETF	160.00%	82.87%
HOYY GraniteShares YieldBOOST HOOD ETF	187.33%	50.51%

Frequently Asked Questions

Can I hold both HOOY and HOYY in my portfolio?

With a correlation of 0.91, HOOY and HOYY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, HOOY or HOYY?

On fees, HOOY 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, HOOY or HOYY?

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

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

HOYY has the higher dividend yield at 187.33%, compared with 160.00% for HOOY.

What is the main difference between HOOY and HOYY?

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