IOYY vs. TSMY
IOYY (GraniteShares YieldBOOST IONQ ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.21 correlation, their price movements are largely independent. IOYY charges 1.07%/yr vs 0.99%/yr for TSMY.
Performance
IOYY vs. TSMY - Performance Comparison
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Returns By Period
In the year-to-date period, IOYY achieves a -11.06% return, which is significantly lower than TSMY's 37.04% return.
IOYY
- 1D
- -0.54%
- 1M
- 9.06%
- YTD
- -11.06%
- 6M
- -19.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMY
- 1D
- -1.37%
- 1M
- 7.48%
- YTD
- 37.04%
- 6M
- 39.21%
- 1Y
- 92.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IOYY vs. TSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | -11.06% | -11.64% |
TSMY YieldMax TSM Option Income Strategy ETF | 37.04% | 1.81% |
Correlation
The correlation between IOYY and TSMY is 0.21, 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 | 0.21 |
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Return for Risk
IOYY vs. TSMY — Risk / Return Rank
IOYY
TSMY
IOYY vs. TSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST IONQ ETF (IOYY) and YieldMax TSM Option Income Strategy ETF (TSMY). 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 | TSMY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.00 | 1.56 | -2.56 |
Drawdowns
IOYY vs. TSMY - Drawdown Comparison
The maximum IOYY drawdown since its inception was -38.47%, which is greater than TSMY's maximum drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for IOYY and TSMY.
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Drawdown Indicators
| IOYY | TSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.47% | -31.15% | -7.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.50% | — |
Current DrawdownCurrent decline from peak | -27.87% | -1.37% | -26.50% |
Average DrawdownAverage peak-to-trough decline | -23.09% | -5.51% | -17.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.17% | — |
Volatility
IOYY vs. TSMY - Volatility Comparison
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Volatility by Period
| IOYY | TSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 34.42% | 28.87% | +5.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.42% | 33.22% | +1.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.42% | 33.22% | +1.20% |
IOYY vs. TSMY - Expense Ratio Comparison
IOYY has a 1.07% expense ratio, which is higher than TSMY's 0.99% expense ratio.
Dividends
IOYY vs. TSMY - Dividend Comparison
IOYY's dividend yield for the trailing twelve months is around 121.09%, more than TSMY's 52.19% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
IOYY GraniteShares YieldBOOST IONQ ETF | 121.09% | 28.55% | 0.00% |
TSMY YieldMax TSM Option Income Strategy ETF | 52.19% | 56.76% | 13.71% |
Frequently Asked Questions
IOYY and TSMY have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSMY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSMY is cheaper with a 0.99% expense ratio, compared with 1.07% for IOYY.
IOYY has the higher dividend yield at 121.09%, compared with 52.19% for TSMY.
They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for IOYY and 0.99% for TSMY.
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