TQQY vs. YQQQ

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares YieldBOOST QQQ ETF (TQQY) and YieldMax Short N100 Option Income Strategy ETF (YQQQ).

TQQY and YQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TQQY is an actively managed fund by GraniteShares. It was launched on Feb 25, 2025. YQQQ is an actively managed fund by YieldMax. It was launched on Aug 14, 2024.

Performance

TQQY vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST QQQ ETF (TQQY) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

TQQY vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
TQQY GraniteShares YieldBOOST QQQ ETF	-7.53%	-5.07%
YQQQ YieldMax Short N100 Option Income Strategy ETF	11.80%	-9.11%

Returns By Period

In the year-to-date period, TQQY achieves a -7.53% return, which is significantly lower than YQQQ's 11.80% return.

TQQY

• 1D: 2.44%
• 1M: -8.84%
• YTD: -7.53%
• 6M: -13.56%
• 1Y: 5.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: -2.73%
• 1M: 6.61%
• YTD: 11.80%
• 6M: 13.19%
• 1Y: -6.57%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQY vs. YQQQ - Expense Ratio Comparison

TQQY has a 1.07% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

TQQY

GraniteShares YieldBOOST QQQ ETF

YQQQ

YieldMax Short N100 Option Income Strategy ETF

Return for Risk

TQQY vs. YQQQ — Risk / Return Rank

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

TQQY

TQQY Risk / Return Rank: 19
TQQY Sharpe Ratio Rank: 19
TQQY Sortino Ratio Rank: 18
TQQY Omega Ratio Rank: 20
TQQY Calmar Ratio Rank: 19
TQQY Martin Ratio Rank: 18

YQQQ

YQQQ Risk / Return Rank: 6
YQQQ Sharpe Ratio Rank: 5
YQQQ Sortino Ratio Rank: 5
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 8
YQQQ Martin Ratio Rank: 9

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.

TQQY vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QQQ ETF (TQQY) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

	TQQY	YQQQ	Difference
Sharpe ratio Return per unit of total volatility	0.25	-0.38	+0.63
Sortino ratio Return per unit of downside risk	0.45	-0.39	+0.84
Omega ratio Gain probability vs. loss probability	1.07	0.94	+0.13
Calmar ratio Return relative to maximum drawdown	0.30	-0.25	+0.54
Martin ratio Return relative to average drawdown	0.82	-0.33	+1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TQQY vs. YQQQ - Sharpe Ratio Comparison

The current TQQY Sharpe Ratio is 0.25, which is higher than the YQQQ Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of TQQY and YQQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TQQY	YQQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.25	-0.38	+0.63
Sharpe Ratio (All Time) Calculated using the full available price history	-0.44	-0.13	-0.31

Correlation

The correlation between TQQY and YQQQ is -0.84. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

TQQY vs. YQQQ - Dividend Comparison

TQQY's dividend yield for the trailing twelve months is around 67.26%, more than YQQQ's 27.35% yield.

	TTM	2025	2024
TQQY GraniteShares YieldBOOST QQQ ETF	67.26%	49.61%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	27.35%	31.71%	7.88%

Drawdowns

TQQY vs. YQQQ - Drawdown Comparison

The maximum TQQY drawdown since its inception was -25.31%, roughly equal to the maximum YQQQ drawdown of -24.85%. Use the drawdown chart below to compare losses from any high point for TQQY and YQQQ.

Drawdown Indicators

	TQQY	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-25.31%	-24.85%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-19.35%	-24.85%	+5.50%
Current Drawdown Current decline from peak	-17.39%	-11.80%	-5.59%
Average Drawdown Average peak-to-trough decline	-9.73%	-13.36%	+3.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.00%	18.66%	-11.66%

Volatility

TQQY vs. YQQQ - Volatility Comparison

GraniteShares YieldBOOST QQQ ETF (TQQY) has a higher volatility of 7.65% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 5.23%. This indicates that TQQY's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQY	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	5.23%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	18.68%	9.36%	+9.32%
Volatility (1Y) Calculated over the trailing 1-year period	23.65%	17.29%	+6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.44%	16.38%	+9.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.44%	16.38%	+9.06%