HOYY vs. COYY

Last updated Jun 4, 2026

HOYY (GraniteShares YieldBOOST HOOD ETF) and COYY (GraniteShares YieldBOOST COIN ETF) are both Derivative Income funds from GraniteShares. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 1.07% expense ratio.

Performance

HOYY vs. COYY - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with HOYY having a -29.50% return and COYY slightly lower at -29.65%.

HOYY

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

COYY

• 1D: -2.87%
• 1M: -7.38%
• YTD: -29.65%
• 6M: -39.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOYY vs. COYY - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-29.50%	-24.36%
COYY GraniteShares YieldBOOST COIN ETF	-29.65%	-36.33%

Correlation

The correlation between HOYY and COYY is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.71

Return for Risk

HOYY vs. COYY - Risk-Adjusted Trends Comparison

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

	HOYY	COYY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.65	-1.74	+0.09

Drawdowns

HOYY vs. COYY - Drawdown Comparison

The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum COYY drawdown of -58.58%. Use the drawdown chart below to compare losses from any high point for HOYY and COYY.

Drawdown Indicators

	HOYY	COYY	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-58.58%	+7.04%
Current Drawdown Current decline from peak	-49.50%	-58.58%	+9.08%
Average Drawdown Average peak-to-trough decline	-32.56%	-35.21%	+2.65%

Volatility

Volatility by Period

	HOYY	COYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	37.03%	36.39%	+0.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.03%	36.39%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.03%	36.39%	+0.64%

HOYY vs. COYY - Expense Ratio Comparison

Both HOYY and COYY have an expense ratio of 1.07%.

Dividends

HOYY vs. COYY - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 187.33%, less than COYY's 386.46% yield.

Position	TTM	2025
COYY GraniteShares YieldBOOST COIN ETF	386.46%	132.14%
HOYY GraniteShares YieldBOOST HOOD ETF	187.33%	50.51%

Frequently Asked Questions

Can I hold both HOYY and COYY in my portfolio?

HOYY and COYY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOYY or COYY?

Both ETFs have the same 1.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOYY or COYY?

HOYY and COYY have the same expense ratio: 1.07% per year.

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

COYY has the higher dividend yield at 386.46%, compared with 187.33% for HOYY.