QBY vs. HYGW
QBY (GraniteShares YieldBOOST QBTS ETF) and HYGW (iShares High Yield Corporate Bond Buywrite Strategy ETF) are both Derivative Income funds. QBY is actively managed, while HYGW is passively managed. Their 0.30 correlation means their historical movements had little consistent relationship. QBY charges 1.07%/yr vs 0.69%/yr for HYGW.
Performance
QBY vs. HYGW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QBY achieves a -34.18% return, which is significantly lower than HYGW's 2.36% return.
QBY
- 1D
- 0.36%
- 1M
- -9.83%
- 6M
- -17.89%
- YTD
- -34.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
HYGW
- 1D
- 0.14%
- 1M
- 0.03%
- 6M
- 1.81%
- YTD
- 2.36%
- 1Y
- 5.90%
- 3Y*
- 5.30%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $480.97K | $636.40K | $814.79K | |
| $136.73K | $120.85K | $134.30K |
QBY vs. HYGW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QBY GraniteShares YieldBOOST QBTS ETF | -34.18% | -8.88% |
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 2.36% | 1.10% |
Correlation
The correlation between QBY and HYGW is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | 0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QBY vs. HYGW — Risk / Return Rank
QBY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYGW
QBY vs. HYGW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QBTS ETF (QBY) and iShares High Yield Corporate Bond Buywrite Strategy ETF (HYGW). 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 | HYGW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.26 | — |
| Martin ratioReturn relative to average drawdown | — | 14.57 | — |
Loading charts...
Drawdowns
QBY vs. HYGW - Drawdown Comparison
The maximum QBY drawdown since its inception was -41.40%, which is greater than HYGW's maximum drawdown of -5.49%. Use the drawdown chart below to compare losses from any high point for QBY and HYGW.
Loading charts...
Drawdown Indicators
| QBY | HYGW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.40% | -5.49% | -35.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -1.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.42% | — |
Current DrawdownCurrent decline from peak | -40.49% | -0.21% | -40.28% |
Average DrawdownAverage peak-to-trough decline | -27.81% | -0.59% | -27.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.41% | — |
Volatility
QBY vs. HYGW - Volatility Comparison
Loading charts...
Volatility by Period
| QBY | HYGW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.80% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.32% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.94% | 2.92% | +27.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.94% | 4.62% | +25.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.94% | 4.62% | +25.32% |
QBY vs. HYGW - Expense Ratio Comparison
QBY has a 1.07% expense ratio, which is higher than HYGW's 0.69% expense ratio.
Dividends
QBY vs. HYGW - Dividend Comparison
QBY's dividend yield for the trailing twelve months is around 153.94%, more than HYGW's 10.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
HYGW iShares High Yield Corporate Bond Buywrite Strategy ETF | 10.71% | 12.53% | 12.30% | 15.98% | 8.71% |
QBY GraniteShares YieldBOOST QBTS ETF | 153.94% | 15.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QBY and HYGW 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, HYGW is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HYGW is cheaper with a 0.69% expense ratio, compared with 1.07% for QBY.
QBY has the higher dividend yield at 153.94%, compared with 10.71% for HYGW.
They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for QBY and 0.69% for HYGW.
Find the right allocation for QBY and HYGW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer