SQY vs. FIYY

Last updated Jul 17, 2026

SQY (YieldMax SQ Option Income Strategy ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. SQY charges 1.01%/yr vs 1.07%/yr for FIYY.

Performance

SQY vs. FIYY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax SQ Option Income Strategy ETF (SQY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SQY

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FIYY

• 1D: 0.04%
• 1M: -0.45%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

SQY vs. FIYY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax SQ Option Income Strategy ETF (SQY) and GraniteShares YieldBOOST 20Y+ Treasuries ETF (FIYY). 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.

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

Drawdowns

Drawdown Indicators

	SQY	FIYY	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.51%	—
Current Drawdown Current decline from peak	—	-1.91%	—
Average Drawdown Average peak-to-trough decline	—	-1.50%	—

Volatility

Volatility by Period

	SQY	FIYY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	4.95%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.95%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.95%	—

SQY vs. FIYY - Expense Ratio Comparison

SQY has a 1.01% expense ratio, which is lower than FIYY's 1.07% expense ratio.

Dividends

SQY vs. FIYY - Dividend Comparison

SQY has not paid dividends to shareholders, while FIYY's dividend yield for the trailing twelve months is around 1.13%.

Position	TTM
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF	1.13%
SQY YieldMax SQ Option Income Strategy ETF	0.00%

Frequently Asked Questions

Which ETF is better, SQY or FIYY?

On fees, SQY is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SQY or FIYY?

SQY is cheaper with a 1.01% expense ratio, compared with 1.07% for FIYY.

Which ETF pays a higher dividend yield, SQY or FIYY?

FIYY has the higher dividend yield at 1.13%, compared with 0.00% for SQY.

What is the main difference between SQY and FIYY?

They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 1.01% for SQY and 1.07% for FIYY.