HOYY vs. FBL

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares YieldBOOST HOOD ETF (HOYY) and GraniteShares 2x Long META Daily ETF (FBL).

HOYY and FBL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOYY is an actively managed fund by GraniteShares. It was launched on Sep 29, 2025. FBL is an actively managed fund by GraniteShares. It was launched on Dec 12, 2022.

Performance

HOYY vs. FBL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST HOOD ETF (HOYY) and GraniteShares 2x Long META Daily ETF (FBL). The values are adjusted to include any dividend payments, if applicable.

HOYY vs. FBL - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-30.78%	-24.36%
FBL GraniteShares 2x Long META Daily ETF	-29.38%	-23.68%

Returns By Period

The year-to-date returns for both investments are quite close, with HOYY having a -30.78% return and FBL slightly higher at -29.38%.

HOYY

• 1D: 2.31%
• 1M: -11.52%
• YTD: -30.78%
• 6M: -47.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBL

• 1D: 13.10%
• 1M: -24.07%
• YTD: -29.38%
• 6M: -46.10%
• 1Y: -23.10%
• 3Y*: 43.74%
• 5Y*: —
• 10Y*: —

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

HOYY vs. FBL - Expense Ratio Comparison

HOYY has a 1.07% expense ratio, which is lower than FBL's 1.15% expense ratio.

FBL

GraniteShares 2x Long META Daily ETF

HOYY

GraniteShares YieldBOOST HOOD ETF

Return for Risk

HOYY vs. FBL — Risk / Return Rank

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

FBL

FBL Risk / Return Rank: 8
FBL Sharpe Ratio Rank: 7
FBL Sortino Ratio Rank: 11
FBL Omega Ratio Rank: 11
FBL Calmar Ratio Rank: 6
FBL Martin Ratio Rank: 6

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.

HOYY vs. FBL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) and GraniteShares 2x Long META Daily ETF (FBL). 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	FBL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.77	1.10	-2.87

Correlation

The correlation between HOYY and FBL is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

HOYY vs. FBL - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 148.37%, more than FBL's 2.94% yield.

	TTM	2025	2024	2023
HOYY GraniteShares YieldBOOST HOOD ETF	148.37%	50.51%	0.00%	0.00%
FBL GraniteShares 2x Long META Daily ETF	2.94%	2.07%	0.00%	51.58%

Drawdowns

HOYY vs. FBL - Drawdown Comparison

The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum FBL drawdown of -61.15%. Use the drawdown chart below to compare losses from any high point for HOYY and FBL.

Drawdown Indicators

	HOYY	FBL	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-61.15%	+9.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-61.03%	—
Current Drawdown Current decline from peak	-50.41%	-54.23%	+3.82%
Average Drawdown Average peak-to-trough decline	-26.63%	-14.83%	-11.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	27.20%	—

Volatility

Volatility by Period

	HOYY	FBL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	27.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	54.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	41.41%	79.46%	-38.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.41%	70.85%	-29.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.41%	70.85%	-29.44%