HOYY vs. HOOY

Last updated Jun 6, 2026

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

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.

Returns By Period

In the year-to-date period, HOYY achieves a -29.68% return, which is significantly lower than HOOY's -19.95% return.

HOYY

• 1D: -1.41%
• 1M: -0.70%
• YTD: -29.68%
• 6M: -38.68%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOY

• 1D: -5.24%
• 1M: 5.30%
• YTD: -19.95%
• 6M: -29.03%
• 1Y: 7.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOYY vs. HOOY - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-29.68%	-24.36%
HOOY YieldMax HOOD Option Income Strategy ETF	-19.95%	-20.57%

Correlation

The correlation between HOYY and HOOY 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

HOYY vs. HOOY — 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: 14
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.

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 (1Y) Calculated over the trailing 1-year period	—	0.14	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.65	0.54	-2.19

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%
Max Drawdown (1Y) Largest decline over 1 year	—	-51.54%	—
Current Drawdown Current decline from peak	-49.63%	-40.35%	-9.28%
Average Drawdown Average peak-to-trough decline	-32.76%	-20.32%	-12.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	28.45%	—

Volatility

Volatility by Period

	HOYY	HOOY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.88%	55.75%	-18.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.88%	54.78%	-17.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.88%	54.78%	-17.90%

HOYY vs. HOOY - Expense Ratio Comparison

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

Dividends

HOYY vs. HOOY - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 191.98%, more than HOOY's 165.56% yield.

Position	TTM	2025
HOOY YieldMax HOOD Option Income Strategy ETF	165.56%	82.87%
HOYY GraniteShares YieldBOOST HOOD ETF	191.98%	50.51%

Frequently Asked Questions

Can I hold both HOYY and HOOY in my portfolio?

With a correlation of 0.91, HOYY and HOOY 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, HOYY or HOOY?

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, HOYY or HOOY?

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

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

HOYY has the higher dividend yield at 191.98%, compared with 165.56% for HOOY.

What is the main difference between HOYY and HOOY?

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