HOYY vs. SMCY

Last updated Jun 6, 2026

HOYY (GraniteShares YieldBOOST HOOD ETF) and SMCY (YieldMax SMCI Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. HOYY charges 1.07%/yr vs 0.99%/yr for SMCY.

Performance

HOYY vs. SMCY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST HOOD ETF (HOYY) and YieldMax SMCI Option Income Strategy ETF (SMCY). 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 SMCY's 26.18% return.

HOYY

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

SMCY

• 1D: -9.57%
• 1M: 13.24%
• YTD: 26.18%
• 6M: 11.16%
• 1Y: -4.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOYY vs. SMCY - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-29.68%	-24.36%
SMCY YieldMax SMCI Option Income Strategy ETF	26.18%	-33.96%

Correlation

The correlation between HOYY and SMCY is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.45

Return for Risk

HOYY vs. SMCY — Risk / Return Rank

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

SMCY

SMCY Risk / Return Rank: 10
SMCY Sharpe Ratio Rank: 8
SMCY Sortino Ratio Rank: 11
SMCY Omega Ratio Rank: 12
SMCY Calmar Ratio Rank: 8
SMCY Martin Ratio Rank: 9

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. SMCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) and YieldMax SMCI Option Income Strategy ETF (SMCY). 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	SMCY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.65	-0.23	-1.42

Drawdowns

HOYY vs. SMCY - Drawdown Comparison

The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum SMCY drawdown of -64.75%. Use the drawdown chart below to compare losses from any high point for HOYY and SMCY.

Drawdown Indicators

	HOYY	SMCY	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-64.75%	+13.21%
Max Drawdown (1Y) Largest decline over 1 year	—	-60.43%	—
Current Drawdown Current decline from peak	-49.63%	-39.17%	-10.46%
Average Drawdown Average peak-to-trough decline	-32.76%	-37.01%	+4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	34.96%	—

Volatility

Volatility by Period

	HOYY	SMCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	21.68%	—
Volatility (6M) Calculated over the trailing 6-month period	—	56.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.88%	65.22%	-28.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.88%	77.71%	-40.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.88%	77.71%	-40.83%

HOYY vs. SMCY - Expense Ratio Comparison

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

Dividends

HOYY vs. SMCY - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 191.98%, more than SMCY's 152.69% yield.

Position	TTM	2025	2024
HOYY GraniteShares YieldBOOST HOOD ETF	191.98%	50.51%	0.00%
SMCY YieldMax SMCI Option Income Strategy ETF	152.69%	231.43%	38.43%

Frequently Asked Questions

Can I hold both HOYY and SMCY in my portfolio?

HOYY and SMCY have a correlation of 0.45, 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 SMCY?

On fees, SMCY 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 SMCY?

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

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

HOYY has the higher dividend yield at 191.98%, compared with 152.69% for SMCY.

What is the main difference between HOYY and SMCY?

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