IOYY vs. SPUT
IOYY (GraniteShares YieldBOOST IONQ ETF) and SPUT (Innovator Equity Premium Income Daily PutWrite ETF) are both Derivative Income funds. Both are actively managed. At a 0.38 correlation, their price movements are largely independent. IOYY charges 1.07%/yr vs 0.79%/yr for SPUT.
Performance
IOYY vs. SPUT - Performance Comparison
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Returns By Period
In the year-to-date period, IOYY achieves a -11.92% return, which is significantly lower than SPUT's 7.42% return.
IOYY
- 1D
- -0.97%
- 1M
- 6.59%
- YTD
- -11.92%
- 6M
- -23.78%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUT
- 1D
- 0.15%
- 1M
- 2.64%
- YTD
- 7.42%
- 6M
- 7.75%
- 1Y
- 18.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOYY vs. SPUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | -11.92% | -11.64% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 7.42% | 1.69% |
Correlation
The correlation between IOYY and SPUT is 0.38, 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 Nov 5, 2025 | 0.38 |
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Return for Risk
IOYY vs. SPUT — Risk / Return Rank
IOYY
SPUT
IOYY vs. SPUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST IONQ ETF (IOYY) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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.
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Sharpe Ratios by Period
| IOYY | SPUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.03 | 1.55 | -2.58 |
Drawdowns
IOYY vs. SPUT - Drawdown Comparison
The maximum IOYY drawdown since its inception was -38.47%, which is greater than SPUT's maximum drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for IOYY and SPUT.
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Drawdown Indicators
| IOYY | SPUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -10.55% | -27.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.81% | — |
Current DrawdownCurrent decline from peak | -28.57% | -0.19% | -28.38% |
Average DrawdownAverage peak-to-trough decline | -23.12% | -0.88% | -22.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.83% | — |
Volatility
IOYY vs. SPUT - Volatility Comparison
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Volatility by Period
| IOYY | SPUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 34.32% | 7.23% | +27.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.32% | 11.24% | +23.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.32% | 11.24% | +23.08% |
IOYY vs. SPUT - Expense Ratio Comparison
IOYY has a 1.07% expense ratio, which is higher than SPUT's 0.79% expense ratio.
Dividends
IOYY vs. SPUT - Dividend Comparison
IOYY's dividend yield for the trailing twelve months is around 122.28%, more than SPUT's 5.02% yield.
| Position | TTM | 2025 |
|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | 122.28% | 28.55% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 5.02% | 4.66% |
Frequently Asked Questions
IOYY and SPUT have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUT is cheaper with a 0.79% expense ratio, compared with 1.07% for IOYY.
IOYY has the higher dividend yield at 122.28%, compared with 5.02% for SPUT.
They also come from different issuers: GraniteShares and Innovator. Their fees differ too: 1.07% for IOYY and 0.79% for SPUT.
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