SMYY vs. QQQY

Last updated Jun 25, 2026

SMYY (GraniteShares YieldBOOST SMCI ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - SMYY is a Options Trading fund managed by GraniteShares, while QQQY is a Nasdaq-100 fund actively managed by Defiance. A 0.52 correlation means they provide meaningful diversification when combined. SMYY charges 1.07%/yr vs 0.99%/yr for QQQY.

Performance

SMYY vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST SMCI ETF (SMYY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMYY achieves a -0.08% return, which is significantly lower than QQQY's 14.30% return.

SMYY

• 1D: -0.34%
• 1M: -3.94%
• YTD: -0.08%
• 6M: -5.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

QQQY

• 1D: -0.34%
• 1M: -0.94%
• YTD: 14.30%
• 6M: 13.00%
• 1Y: 27.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMYY vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025
SMYY GraniteShares YieldBOOST SMCI ETF	-0.08%	-27.35%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	14.30%	1.84%

Correlation

The correlation between SMYY and QQQY is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025	0.52

Return for Risk

SMYY vs. QQQY — Risk / Return Rank

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

SMYY

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

QQQY

QQQY Risk / Return Rank: 58
QQQY Sharpe Ratio Rank: 59
QQQY Sortino Ratio Rank: 52
QQQY Omega Ratio Rank: 62
QQQY Calmar Ratio Rank: 57
QQQY Martin Ratio Rank: 63

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.

SMYY vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SMCI ETF (SMYY) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.

	SMYY	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	—	1.78	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.34	—
Calmar ratio: Return relative to maximum drawdown	—	2.52	—
Martin ratio: Return relative to average drawdown	—	10.18	—

Drawdowns

SMYY vs. QQQY - Drawdown Comparison

The maximum SMYY drawdown since its inception was -36.84%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for SMYY and QQQY.

Drawdown Indicators

	SMYY	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-36.84%	-19.05%	-17.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Current Drawdown Current decline from peak	-33.28%	-4.36%	-28.92%
Average Drawdown Average peak-to-trough decline	-25.57%	-2.91%	-22.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.75%	—

Volatility

Volatility by Period

	SMYY	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.60%	—
Volatility (1Y) Calculated over the trailing 1-year period	32.08%	15.77%	+16.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.08%	15.38%	+16.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.08%	15.38%	+16.70%

SMYY vs. QQQY - Expense Ratio Comparison

SMYY has a 1.07% expense ratio, which is higher than QQQY's 0.99% expense ratio.

Dividends

SMYY vs. QQQY - Dividend Comparison

SMYY's dividend yield for the trailing twelve months is around 171.46%, more than QQQY's 35.72% yield.

Position	TTM	2025	2024	2023
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.72%	45.34%	83.34%	20.64%
SMYY GraniteShares YieldBOOST SMCI ETF	171.46%	53.33%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMYY and QQQY in my portfolio?

SMYY and QQQY have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMYY or QQQY?

On fees, QQQY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMYY or QQQY?

QQQY is cheaper with a 0.99% expense ratio, compared with 1.07% for SMYY.

Which ETF pays a higher dividend yield, SMYY or QQQY?

SMYY has the higher dividend yield at 171.46%, compared with 35.72% for QQQY.

What is the main difference between SMYY and QQQY?

SMYY is categorized as Options Trading, while QQQY is Nasdaq-100. They also come from different issuers: GraniteShares and Defiance. Their fees differ too: 1.07% for SMYY and 0.99% for QQQY.