HOYY vs. YETH

Last updated Jul 16, 2026

HOYY (GraniteShares YieldBOOST HOOD ETF) and YETH (Roundhill Ether Covered Call Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. HOYY charges 1.07%/yr vs 0.95%/yr for YETH.

Performance

HOYY vs. YETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST HOOD ETF (HOYY) and Roundhill Ether Covered Call Strategy ETF (YETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOYY achieves a -26.09% return, which is significantly higher than YETH's -30.04% return.

HOYY

• 1D: 1.95%
• 1M: 1.74%
• 6M: -31.72%
• YTD: -26.09%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YETH

• 1D: 1.22%
• 1M: 7.11%
• 6M: -35.05%
• YTD: -30.04%
• 1Y: -34.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOYY vs. YETH - Yearly Performance Comparison

	2026 (YTD)	2025
HOYY GraniteShares YieldBOOST HOOD ETF	-26.09%	-23.57%
YETH Roundhill Ether Covered Call Strategy ETF	-30.04%	-21.37%

Correlation

The correlation between HOYY and YETH is 0.61, 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 Sep 30, 2025	0.61

Return for Risk

HOYY vs. YETH — Risk / Return Rank

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

HOYY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YETH

YETH Risk / Return Rank: 5
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 5

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. YETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST HOOD ETF (HOYY) and Roundhill Ether Covered Call Strategy ETF (YETH). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	HOYY	YETH	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.60	—
Sortino ratio: Return per unit of downside risk	—	-0.59	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.59	—
Martin ratio: Return relative to average drawdown	—	-0.96	—

Drawdowns

HOYY vs. YETH - Drawdown Comparison

The maximum HOYY drawdown since its inception was -51.54%, smaller than the maximum YETH drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for HOYY and YETH.

Drawdown Indicators

	HOYY	YETH	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-64.41%	+12.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-58.73%	—
Current Drawdown Current decline from peak	-47.06%	-57.26%	+10.20%
Average Drawdown Average peak-to-trough decline	-34.65%	-32.67%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	35.90%	—

Volatility

Volatility by Period

	HOYY	YETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.02%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	34.83%	57.90%	-23.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.83%	55.30%	-20.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.83%	55.30%	-20.47%

HOYY vs. YETH - Expense Ratio Comparison

HOYY has a 1.07% expense ratio, which is higher than YETH's 0.95% expense ratio.

Dividends

HOYY vs. YETH - Dividend Comparison

HOYY's dividend yield for the trailing twelve months is around 203.34%, more than YETH's 130.28% yield.

Position	TTM	2025	2024
HOYY GraniteShares YieldBOOST HOOD ETF	203.34%	50.51%	0.00%
YETH Roundhill Ether Covered Call Strategy ETF	130.28%	109.12%	20.52%

Frequently Asked Questions

Can I hold both HOYY and YETH in my portfolio?

HOYY and YETH have a correlation of 0.61, 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 YETH?

On fees, YETH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOYY or YETH?

YETH is cheaper with a 0.95% expense ratio, compared with 1.07% for HOYY.

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

HOYY has the higher dividend yield at 203.34%, compared with 130.28% for YETH.

What is the main difference between HOYY and YETH?

They also come from different issuers: GraniteShares and Roundhill. Their fees differ too: 1.07% for HOYY and 0.95% for YETH.