HOYY vs. MSTY

Last updated Jun 4, 2026

HOYY (GraniteShares YieldBOOST HOOD ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. HOYY charges 1.07%/yr vs 0.99%/yr for MSTY.

Performance

HOYY vs. MSTY - Performance Comparison

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

Returns By Period

In the year-to-date period, HOYY achieves a -29.50% return, which is significantly lower than MSTY's -14.73% return.

HOYY

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

MSTY

• 1D: -6.76%
• 1M: -28.46%
• YTD: -14.73%
• 6M: -26.86%
• 1Y: -61.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOYY vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-29.50%	-24.36%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-14.73%	-47.04%

Correlation

The correlation between HOYY and MSTY is 0.63, 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	0.63

Return for Risk

HOYY vs. MSTY — Risk / Return Rank

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

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 2
MSTY Martin Ratio Rank: 2

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. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-1.02	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.65	0.26	-1.90

Drawdowns

HOYY vs. MSTY - Drawdown Comparison

The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for HOYY and MSTY.

Drawdown Indicators

	HOYY	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-71.79%	+20.25%
Max Drawdown (1Y) Largest decline over 1 year	—	-71.79%	—
Current Drawdown Current decline from peak	-49.50%	-66.48%	+16.98%
Average Drawdown Average peak-to-trough decline	-32.56%	-26.09%	-6.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	46.87%	—

Volatility

Volatility by Period

	HOYY	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	48.79%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.03%	60.44%	-23.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.03%	71.92%	-34.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.03%	71.92%	-34.89%

HOYY vs. MSTY - Expense Ratio Comparison

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

Dividends

HOYY vs. MSTY - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 187.33%, less than MSTY's 269.45% yield.

Position	TTM	2025	2024
HOYY GraniteShares YieldBOOST HOOD ETF	187.33%	50.51%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	269.45%	294.61%	104.56%

Frequently Asked Questions

Can I hold both HOYY and MSTY in my portfolio?

HOYY and MSTY have a correlation of 0.63, 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 MSTY?

On fees, MSTY 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 MSTY?

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

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

MSTY has the higher dividend yield at 269.45%, compared with 187.33% for HOYY.

What is the main difference between HOYY and MSTY?

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