RGYY vs. FLSP

Last updated Jun 6, 2026

RGYY (GraniteShares YieldBOOST RGTI ETF) and FLSP (Franklin Liberty Systematic Style Premia ETF) are both exchange-traded funds - RGYY is a Derivative Income fund actively managed by GraniteShares, while FLSP is a Long-Short fund actively managed by Franklin Templeton. Both are actively managed. At a correlation of -0.07, they often move in opposite directions. RGYY charges 1.07%/yr vs 0.65%/yr for FLSP.

Performance

RGYY vs. FLSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST RGTI ETF (RGYY) and Franklin Liberty Systematic Style Premia ETF (FLSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RGYY achieves a -27.61% return, which is significantly lower than FLSP's 2.30% return.

RGYY

• 1D: -2.20%
• 1M: -6.03%
• YTD: -27.61%
• 6M: -35.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLSP

• 1D: 0.68%
• 1M: 2.53%
• YTD: 2.30%
• 6M: 3.92%
• 1Y: 15.85%
• 3Y*: 10.62%
• 5Y*: 7.92%
• 10Y*: —

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

RGYY vs. FLSP - Yearly Performance Comparison

	2026 (YTD)	2025
RGYY GraniteShares YieldBOOST RGTI ETF	-27.61%	-12.10%
FLSP Franklin Liberty Systematic Style Premia ETF	2.30%	2.16%

Correlation

The correlation between RGYY and FLSP is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	-0.07

Return for Risk

RGYY vs. FLSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLSP

FLSP Risk / Return Rank: 59
FLSP Sharpe Ratio Rank: 52
FLSP Sortino Ratio Rank: 52
FLSP Omega Ratio Rank: 49
FLSP Calmar Ratio Rank: 79
FLSP Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RGYY vs. FLSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST RGTI ETF (RGYY) and Franklin Liberty Systematic Style Premia ETF (FLSP). 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.

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

Sharpe Ratios by Period

	RGYY	FLSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.71	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.80	0.31	-2.11

Drawdowns

RGYY vs. FLSP - Drawdown Comparison

The maximum RGYY drawdown since its inception was -37.05%, which is greater than FLSP's maximum drawdown of -22.75%. Use the drawdown chart below to compare losses from any high point for RGYY and FLSP.

Drawdown Indicators

	RGYY	FLSP	Difference
Max Drawdown Largest peak-to-trough decline	-37.05%	-22.75%	-14.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.52%	—
Current Drawdown Current decline from peak	-36.37%	-0.94%	-35.43%
Average Drawdown Average peak-to-trough decline	-23.23%	-6.30%	-16.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.39%	—

Volatility

Volatility by Period

	RGYY	FLSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.97%	—
Volatility (6M) Calculated over the trailing 6-month period	—	6.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.42%	9.29%	+23.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.42%	13.37%	+19.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.42%	13.52%	+18.90%

RGYY vs. FLSP - Expense Ratio Comparison

RGYY has a 1.07% expense ratio, which is higher than FLSP's 0.65% expense ratio.

Dividends

RGYY vs. FLSP - Dividend Comparison

RGYY's dividend yield for the trailing twelve months is around 115.50%, more than FLSP's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FLSP Franklin Liberty Systematic Style Premia ETF	2.59%	2.65%	1.18%	1.19%	2.18%	1.19%	8.08%
RGYY GraniteShares YieldBOOST RGTI ETF	115.50%	15.50%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RGYY and FLSP in my portfolio?

RGYY and FLSP have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGYY or FLSP?

On fees, FLSP is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RGYY or FLSP?

FLSP is cheaper with a 0.65% expense ratio, compared with 1.07% for RGYY.

Which ETF pays a higher dividend yield, RGYY or FLSP?

RGYY has the higher dividend yield at 115.50%, compared with 2.59% for FLSP.

What is the main difference between RGYY and FLSP?

RGYY is categorized as Derivative Income, while FLSP is Long-Short. They also come from different issuers: GraniteShares and Franklin Templeton. Their fees differ too: 1.07% for RGYY and 0.65% for FLSP.