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 0.41 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 -20.70% return, which is significantly lower than SPUT's 6.14% return.
IOYY
- 1D
- -0.82%
- 1M
- -9.01%
- 6M
- -26.94%
- YTD
- -20.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUT
- 1D
- -0.27%
- 1M
- 0.44%
- 6M
- 5.40%
- YTD
- 6.14%
- 1Y
- 13.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOYY vs. SPUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | -20.70% | -13.50% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 6.14% | 1.00% |
Correlation
The correlation between IOYY and SPUT is 0.41, 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 4, 2025 | 0.41 |
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Return for Risk
IOYY vs. SPUT — Risk / Return Rank
IOYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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.
| IOYY | SPUT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.63 | — |
| Martin ratioReturn relative to average drawdown | — | 12.60 | — |
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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 | -35.68% | -1.39% | -34.29% |
Average DrawdownAverage peak-to-trough decline | -24.26% | -0.97% | -23.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.09% | — |
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 | — | 1.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.06% | 7.75% | +24.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.06% | 11.12% | +20.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.06% | 11.12% | +20.94% |
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 165.60%, more than SPUT's 5.11% yield.
| Position | TTM | 2025 |
|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | 165.60% | 28.55% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 5.11% | 4.66% |
Frequently Asked Questions
IOYY and SPUT have a correlation of 0.41, 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 165.60%, compared with 5.11% 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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