QBY vs. BUYW
QBY (GraniteShares YieldBOOST QBTS ETF) and BUYW (Main Buywrite ETF) are both Derivative Income funds. Both are actively managed. At a 0.30 correlation, their price movements are largely independent. QBY charges 1.07%/yr vs 1.29%/yr for BUYW.
Performance
QBY vs. BUYW - Performance Comparison
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Returns By Period
In the year-to-date period, QBY achieves a -26.67% return, which is significantly lower than BUYW's 3.39% return.
QBY
- 1D
- 0.07%
- 1M
- 0.40%
- YTD
- -26.67%
- 6M
- -31.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BUYW
- 1D
- -0.35%
- 1M
- 0.00%
- YTD
- 3.39%
- 6M
- 3.84%
- 1Y
- 9.60%
- 3Y*
- 8.55%
- 5Y*
- —
- 10Y*
- —
QBY vs. BUYW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBY GraniteShares YieldBOOST QBTS ETF | -26.67% | -8.88% |
BUYW Main Buywrite ETF | 3.39% | 1.42% |
Correlation
The correlation between QBY and BUYW is 0.30, 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 25, 2025 | 0.30 |
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Return for Risk
QBY vs. BUYW — Risk / Return Rank
QBY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BUYW
QBY vs. BUYW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QBTS ETF (QBY) and Main Buywrite ETF (BUYW). 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.
| QBY | BUYW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.40 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.72 | — |
| Martin ratioReturn relative to average drawdown | — | 19.91 | — |
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Drawdowns
QBY vs. BUYW - Drawdown Comparison
The maximum QBY drawdown since its inception was -38.93%, which is greater than BUYW's maximum drawdown of -9.36%. Use the drawdown chart below to compare losses from any high point for QBY and BUYW.
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Drawdown Indicators
| QBY | BUYW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.93% | -9.36% | -29.57% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -9.36% | — |
Current DrawdownCurrent decline from peak | -33.71% | -0.35% | -33.36% |
Average DrawdownAverage peak-to-trough decline | -25.96% | -0.60% | -25.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.48% | — |
Volatility
QBY vs. BUYW - Volatility Comparison
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Volatility by Period
| QBY | BUYW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 31.87% | 4.84% | +27.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 8.43% | +23.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 8.43% | +23.44% |
QBY vs. BUYW - Expense Ratio Comparison
QBY has a 1.07% expense ratio, which is lower than BUYW's 1.29% expense ratio.
Dividends
QBY vs. BUYW - Dividend Comparison
QBY's dividend yield for the trailing twelve months is around 114.26%, more than BUYW's 5.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUYW Main Buywrite ETF | 5.91% | 5.89% | 5.93% | 5.95% | 0.50% |
QBY GraniteShares YieldBOOST QBTS ETF | 114.26% | 15.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBY and BUYW have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QBY is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QBY is cheaper with a 1.07% expense ratio, compared with 1.29% for BUYW.
QBY has the higher dividend yield at 114.26%, compared with 5.91% for BUYW.
They also come from different issuers: GraniteShares and Main Funds. Their fees differ too: 1.07% for QBY and 1.29% for BUYW.
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