HOYY vs. HOOY

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares YieldBOOST HOOD ETF (HOYY) and YieldMax HOOD Option Income Strategy ETF (HOOY).

HOYY and HOOY 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. HOOY is an actively managed fund by YieldMax. It was launched on May 7, 2025.

Performance

HOYY vs. HOOY - Performance Comparison

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

HOYY vs. HOOY - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-30.78%	-24.36%
HOOY YieldMax HOOD Option Income Strategy ETF	-30.55%	-20.57%

Returns By Period

The year-to-date returns for both investments are quite close, with HOYY having a -30.78% return and HOOY slightly higher at -30.55%.

HOYY

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

HOOY

• 1D: 1.58%
• 1M: -5.12%
• YTD: -30.55%
• 6M: -44.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOYY vs. HOOY - Expense Ratio Comparison

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

HOYY

GraniteShares YieldBOOST HOOD ETF

HOOY

YieldMax HOOD Option Income Strategy ETF

Return for Risk

HOYY vs. HOOY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) and YieldMax HOOD Option Income Strategy ETF (HOOY). 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	HOOY	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.77	0.31	-2.08

Correlation

The correlation between HOYY and HOOY is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HOYY vs. HOOY - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 148.37%, less than HOOY's 158.59% yield.

	TTM	2025
HOYY GraniteShares YieldBOOST HOOD ETF	148.37%	50.51%
HOOY YieldMax HOOD Option Income Strategy ETF	158.59%	82.87%

Drawdowns

HOYY vs. HOOY - Drawdown Comparison

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

Drawdown Indicators

	HOYY	HOOY	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-51.54%	0.00%
Current Drawdown Current decline from peak	-50.41%	-48.25%	-2.16%
Average Drawdown Average peak-to-trough decline	-26.63%	-15.91%	-10.72%

Volatility

Volatility by Period

	HOYY	HOOY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	41.41%	53.30%	-11.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.41%	53.30%	-11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.41%	53.30%	-11.89%