TMYY vs. PAPI
TMYY (GraniteShares YieldBOOST TSM ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. Their -0.42 correlation means they have often moved in opposite directions in the past. TMYY charges 1.07%/yr vs 0.29%/yr for PAPI.
Performance
TMYY vs. PAPI - Performance Comparison
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Returns By Period
TMYY
- 1D
- 0.19%
- 1M
- -1.74%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
PAPI
- 1D
- -0.22%
- 1M
- 2.73%
- 6M
- 2.86%
- YTD
- 11.92%
- 1Y
- 17.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.12M | $2.18M | $2.02M | |
| $64.63K | $77.26K | $76.08K |
TMYY vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TMYY GraniteShares YieldBOOST TSM ETF | 14.31% |
PAPI Parametric Equity Premium Income ETF | 3.87% |
Correlation
The correlation between TMYY and PAPI is -0.42, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 14, 2026 | -0.42 |
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Return for Risk
TMYY vs. PAPI — Risk / Return Rank
TMYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PAPI
TMYY vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TSM ETF (TMYY) and Parametric Equity Premium Income ETF (PAPI). 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.
| TMYY | PAPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.61 | — |
| Martin ratioReturn relative to average drawdown | — | 6.57 | — |
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Drawdowns
TMYY vs. PAPI - Drawdown Comparison
The maximum TMYY drawdown since its inception was -6.95%, smaller than the maximum PAPI drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for TMYY and PAPI.
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Drawdown Indicators
| TMYY | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.95% | -14.27% | +7.32% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.86% | — |
Current DrawdownCurrent decline from peak | -2.18% | -1.57% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -1.48% | -2.72% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.72% | — |
Volatility
TMYY vs. PAPI - Volatility Comparison
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Volatility by Period
| TMYY | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.25% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.37% | 10.30% | +9.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.37% | 11.70% | +7.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.37% | 11.70% | +7.67% |
TMYY vs. PAPI - Expense Ratio Comparison
TMYY has a 1.07% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Dividends
TMYY vs. PAPI - Dividend Comparison
TMYY's dividend yield for the trailing twelve months is around 22.51%, more than PAPI's 7.44% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 7.44% | 7.59% | 7.07% | 1.45% |
TMYY GraniteShares YieldBOOST TSM ETF | 22.51% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMYY and PAPI have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAPI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAPI is cheaper with a 0.29% expense ratio, compared with 1.07% for TMYY.
TMYY has the higher dividend yield at 22.51%, compared with 7.44% for PAPI.
They also come from different issuers: GraniteShares and Morgan Stanley. Their fees differ too: 1.07% for TMYY and 0.29% for PAPI.
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