PAYR vs. FINY

Last updated Jul 17, 2026

PAYR (Federated Hermes Enhanced Income ETF) and FINY (GraniteShares YieldBOOST Financials ETF) are both Derivative Income funds. Both are actively managed. At a 0.32 correlation, their price movements are largely independent. PAYR charges 0.40%/yr vs 1.07%/yr for FINY.

Performance

PAYR vs. FINY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes Enhanced Income ETF (PAYR) and GraniteShares YieldBOOST Financials ETF (FINY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PAYR

• 1D: 2.13%
• 1M: 3.45%
• 6M: 12.07%
• YTD: 14.68%
• 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)

PAYR vs. FINY - Yearly Performance Comparison

	2026 (YTD)
PAYR Federated Hermes Enhanced Income ETF	5.92%
FINY GraniteShares YieldBOOST Financials ETF	6.41%

Correlation

The correlation between PAYR and FINY is 0.32, 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 5, 2026	0.32

Return for Risk

PAYR vs. FINY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes Enhanced Income ETF (PAYR) 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

PAYR vs. FINY - Drawdown Comparison

The maximum PAYR drawdown since its inception was -5.24%, which is greater than FINY's maximum drawdown of -1.85%. Use the drawdown chart below to compare losses from any high point for PAYR and FINY.

Drawdown Indicators

	PAYR	FINY	Difference
Max Drawdown Largest peak-to-trough decline	-5.24%	-1.85%	-3.39%
Current Drawdown Current decline from peak	0.00%	-0.04%	+0.04%
Average Drawdown Average peak-to-trough decline	-1.59%	-0.10%	-1.49%

Volatility

Volatility by Period

	PAYR	FINY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.08%	6.71%	+4.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.08%	6.71%	+4.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.08%	6.71%	+4.37%

PAYR vs. FINY - Expense Ratio Comparison

PAYR has a 0.40% expense ratio, which is lower than FINY's 1.07% expense ratio.

Dividends

PAYR vs. FINY - Dividend Comparison

PAYR's dividend yield for the trailing twelve months is around 5.97%, more than FINY's 4.70% yield.

Position	TTM	2025
FINY GraniteShares YieldBOOST Financials ETF	4.70%	0.00%
PAYR Federated Hermes Enhanced Income ETF	5.97%	1.99%

Frequently Asked Questions

Can I hold both PAYR and FINY in my portfolio?

PAYR and FINY have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAYR or FINY?

On fees, PAYR is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAYR or FINY?

PAYR is cheaper with a 0.40% expense ratio, compared with 1.07% for FINY.

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

PAYR has the higher dividend yield at 5.97%, compared with 4.70% for FINY.

What is the main difference between PAYR and FINY?

They also come from different issuers: Federated Hermes and GraniteShares. Their fees differ too: 0.40% for PAYR and 1.07% for FINY.