PAYH vs. FINY

Last updated Jul 17, 2026

PAYH (TrueShares S&P Autocallable High Income ETF) and FINY (GraniteShares YieldBOOST Financials ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.17, they often move in opposite directions. PAYH charges 0.74%/yr vs 1.07%/yr for FINY.

Performance

PAYH vs. FINY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares S&P Autocallable High Income ETF (PAYH) and GraniteShares YieldBOOST Financials ETF (FINY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAYH

• 1D: -0.15%
• 1M: 1.80%
• 6M: 7.88%
• YTD: 9.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FINY

• 1D: -0.04%
• 1M: 2.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PAYH vs. FINY - Yearly Performance Comparison

	2026 (YTD)
PAYH TrueShares S&P Autocallable High Income ETF	2.45%
FINY GraniteShares YieldBOOST Financials ETF	6.41%

Correlation

The correlation between PAYH and FINY is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 5, 2026	-0.17

Return for Risk

PAYH vs. FINY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares S&P Autocallable High Income ETF (PAYH) and GraniteShares YieldBOOST Financials ETF (FINY). 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

PAYH vs. FINY - Drawdown Comparison

The maximum PAYH drawdown since its inception was -16.33%, which is greater than FINY's maximum drawdown of -1.85%. Use the drawdown chart below to compare losses from any high point for PAYH and FINY.

Drawdown Indicators

	PAYH	FINY	Difference
Max Drawdown Largest peak-to-trough decline	-16.33%	-1.85%	-14.48%
Current Drawdown Current decline from peak	-0.59%	-0.04%	-0.55%
Average Drawdown Average peak-to-trough decline	-2.54%	-0.10%	-2.44%

Volatility

Volatility by Period

	PAYH	FINY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	21.79%	6.71%	+15.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.79%	6.71%	+15.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.79%	6.71%	+15.08%

PAYH vs. FINY - Expense Ratio Comparison

PAYH has a 0.74% expense ratio, which is lower than FINY's 1.07% expense ratio.

Dividends

PAYH vs. FINY - Dividend Comparison

PAYH's dividend yield for the trailing twelve months is around 7.88%, more than FINY's 4.70% yield.

Position	TTM
FINY GraniteShares YieldBOOST Financials ETF	4.70%
PAYH TrueShares S&P Autocallable High Income ETF	7.88%

Frequently Asked Questions

Can I hold both PAYH and FINY in my portfolio?

PAYH and FINY have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAYH or FINY?

On fees, PAYH is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAYH or FINY?

PAYH is cheaper with a 0.74% expense ratio, compared with 1.07% for FINY.

Which ETF pays a higher dividend yield, PAYH or FINY?

PAYH has the higher dividend yield at 7.88%, compared with 4.70% for FINY.

What is the main difference between PAYH and FINY?

They also come from different issuers: TrueShares and GraniteShares. Their fees differ too: 0.74% for PAYH and 1.07% for FINY.