SMYY vs. TLTW
SMYY (GraniteShares YieldBOOST SMCI ETF) and TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) are both exchange-traded funds - SMYY is a Options Trading fund managed by GraniteShares, while TLTW is a Derivative Income fund tracking the CBOE TLT 2% OTM Buywrite Index (USD). At a 0.15 correlation, their price movements are largely independent. SMYY charges 1.07%/yr vs 0.35%/yr for TLTW.
Performance
SMYY vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, SMYY achieves a 0.25% return, which is significantly lower than TLTW's 2.36% return.
SMYY
- 1D
- -0.40%
- 1M
- -3.62%
- YTD
- 0.25%
- 6M
- -5.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TLTW
- 1D
- 0.18%
- 1M
- 2.22%
- YTD
- 2.36%
- 6M
- 2.13%
- 1Y
- 9.03%
- 3Y*
- 0.58%
- 5Y*
- —
- 10Y*
- —
SMYY vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMYY GraniteShares YieldBOOST SMCI ETF | 0.25% | -27.35% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 2.36% | 0.56% |
Correlation
The correlation between SMYY and TLTW is 0.15, 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 Sep 30, 2025 | 0.15 |
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Return for Risk
SMYY vs. TLTW — Risk / Return Rank
SMYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TLTW
SMYY vs. TLTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST SMCI ETF (SMYY) and iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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 | TLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.52 | — |
| Martin ratioReturn relative to average drawdown | — | 4.36 | — |
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Drawdowns
SMYY vs. TLTW - Drawdown Comparison
The maximum SMYY drawdown since its inception was -36.84%, which is greater than TLTW's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for SMYY and TLTW.
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Drawdown Indicators
| SMYY | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.84% | -18.61% | -18.23% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.19% | — |
Current DrawdownCurrent decline from peak | -33.05% | -2.10% | -30.95% |
Average DrawdownAverage peak-to-trough decline | -25.53% | -8.17% | -17.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.08% | — |
Volatility
SMYY vs. TLTW - Volatility Comparison
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Volatility by Period
| SMYY | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.66% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.17% | 7.62% | +24.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.17% | 11.33% | +20.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.17% | 11.33% | +20.84% |
SMYY vs. TLTW - Expense Ratio Comparison
SMYY has a 1.07% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Dividends
SMYY vs. TLTW - Dividend Comparison
SMYY's dividend yield for the trailing twelve months is around 170.88%, more than TLTW's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SMYY GraniteShares YieldBOOST SMCI ETF | 170.88% | 53.33% | 0.00% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.62% | 14.82% | 14.47% | 19.59% | 8.71% |
Frequently Asked Questions
SMYY and TLTW have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLTW is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLTW is cheaper with a 0.35% expense ratio, compared with 1.07% for SMYY.
SMYY has the higher dividend yield at 170.88%, compared with 11.62% for TLTW.
SMYY is categorized as Options Trading, while TLTW is Derivative Income. They also come from different issuers: GraniteShares and iShares. Their fees differ too: 1.07% for SMYY and 0.35% for TLTW.
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