MSR vs. FIYY

Last updated Jul 21, 2026

MSR (GraniteShares Autocallable MSTR ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds from GraniteShares. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. Both charge a 1.07% expense ratio.

Performance

MSR vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares Autocallable MSTR ETF (MSR) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MSR

• 1D: 3.32%
• 1M: -15.44%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FIYY

• 1D: 0.04%
• 1M: -0.43%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

MSR vs. FIYY - Yearly Performance Comparison

	2026 (YTD)
MSR GraniteShares Autocallable MSTR ETF	-39.20%
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	-1.76%

Correlation

The correlation between MSR and FIYY is 0.35, 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 May 12, 2026	0.35

Return for Risk

MSR vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares Autocallable MSTR ETF (MSR) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

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

Drawdowns

MSR vs. FIYY - Drawdown Comparison

The maximum MSR drawdown since its inception was -50.94%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for MSR and FIYY.

Drawdown Indicators

	MSR	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	-50.94%	-2.51%	-48.43%
Current Drawdown Current decline from peak	-41.12%	-1.87%	-39.25%
Average Drawdown Average peak-to-trough decline	-26.61%	-1.52%	-25.09%

Volatility

Volatility by Period

	MSR	FIYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.10%	4.85%	+70.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.10%	4.85%	+70.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.10%	4.85%	+70.25%

MSR vs. FIYY - Expense Ratio Comparison

Both MSR and FIYY have an expense ratio of 1.07%.

Dividends

MSR vs. FIYY - Dividend Comparison

MSR's dividend yield for the trailing twelve months is around 5.05%, more than FIYY's 1.17% yield.

Position	TTM
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.17%
MSR GraniteShares Autocallable MSTR ETF	5.05%

Frequently Asked Questions

Can I hold both MSR and FIYY in my portfolio?

MSR and FIYY have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSR or FIYY?

Both ETFs have the same 1.07% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSR or FIYY?

MSR and FIYY have the same expense ratio: 1.07% per year.

Which ETF pays a higher dividend yield, MSR or FIYY?

MSR has the higher dividend yield at 5.05%, compared with 1.17% for FIYY.