TQQY vs. YSPY

Last updated Jun 24, 2026

TQQY (GraniteShares YieldBOOST QQQ ETF) and YSPY (GraniteShares YieldBOOST SPY ETF) are both Leveraged Equities funds from GraniteShares. Both are actively managed. Over the past year, TQQY returned 11.76% vs 20.09% for YSPY. Their correlation of 0.88 suggests significant overlap in exposure. Both charge a 1.07% expense ratio.

Performance

TQQY vs. YSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST QQQ ETF (TQQY) and GraniteShares YieldBOOST SPY ETF (YSPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TQQY achieves a 3.84% return, which is significantly higher than YSPY's 2.65% return.

TQQY

• 1D: -1.42%
• 1M: -2.93%
• YTD: 3.84%
• 6M: 0.83%
• 1Y: 11.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YSPY

• 1D: -0.71%
• 1M: -2.24%
• YTD: 2.65%
• 6M: 0.20%
• 1Y: 20.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TQQY vs. YSPY - Yearly Performance Comparison

	2026 (YTD)	2025
TQQY GraniteShares YieldBOOST QQQ ETF	3.84%	-6.04%
YSPY GraniteShares YieldBOOST SPY ETF	2.65%	8.36%

Correlation

The correlation between TQQY and YSPY is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025	0.88

The correlation between TQQY and YSPY has been stable across timeframes, ranging from 0.86 to 0.88 - a consistent structural relationship.

Return for Risk

TQQY vs. YSPY — Risk / Return Rank

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

TQQY

TQQY Risk / Return Rank: 17
TQQY Sharpe Ratio Rank: 18
TQQY Sortino Ratio Rank: 15
TQQY Omega Ratio Rank: 19
TQQY Calmar Ratio Rank: 16
TQQY Martin Ratio Rank: 16

YSPY

YSPY Risk / Return Rank: 31
YSPY Sharpe Ratio Rank: 30
YSPY Sortino Ratio Rank: 26
YSPY Omega Ratio Rank: 36
YSPY Calmar Ratio Rank: 29
YSPY Martin Ratio Rank: 35

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. YSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST QQQ ETF (TQQY) and GraniteShares YieldBOOST SPY ETF (YSPY). 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.

	TQQY	YSPY	Difference
Sharpe ratio: Return per unit of total volatility	0.56	1.05	-0.49
Sortino ratio: Return per unit of downside risk	0.78	1.37	-0.58
Omega ratio: Gain probability vs. loss probability	1.13	1.23	-0.10
Calmar ratio: Return relative to maximum drawdown	0.61	1.38	-0.77
Martin ratio: Return relative to average drawdown	1.47	5.05	-3.58

TQQY vs. YSPY - Sharpe Ratio Comparison

The current TQQY Sharpe Ratio is 0.56, which is lower than the YSPY Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of TQQY and YSPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TQQY vs. YSPY - Drawdown Comparison

The maximum TQQY drawdown since its inception was -26.06%, which is greater than YSPY's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for TQQY and YSPY.

Drawdown Indicators

	TQQY	YSPY	Difference
Max Drawdown Largest peak-to-trough decline	-26.06%	-18.74%	-7.32%
Max Drawdown (1Y) Largest decline over 1 year	-19.35%	-14.60%	-4.75%
Current Drawdown Current decline from peak	-7.23%	-3.15%	-4.08%
Average Drawdown Average peak-to-trough decline	-9.88%	-4.90%	-4.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.02%	3.99%	+4.03%

Volatility

TQQY vs. YSPY - Volatility Comparison

GraniteShares YieldBOOST QQQ ETF (TQQY) has a higher volatility of 4.64% compared to GraniteShares YieldBOOST SPY ETF (YSPY) at 3.13%. This indicates that TQQY's price experiences larger fluctuations and is considered to be riskier than YSPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TQQY	YSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.13%	+1.51%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	14.00%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	21.25%	19.23%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.74%	21.01%	+2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.74%	21.01%	+2.73%

TQQY vs. YSPY - Expense Ratio Comparison

Both TQQY and YSPY have an expense ratio of 1.07%.

Dividends

TQQY vs. YSPY - Dividend Comparison

TQQY's dividend yield for the trailing twelve months is around 61.62%, more than YSPY's 56.44% yield.

Position	TTM	2025
TQQY GraniteShares YieldBOOST QQQ ETF	61.62%	49.61%
YSPY GraniteShares YieldBOOST SPY ETF	56.44%	45.57%

Frequently Asked Questions

Can I hold both TQQY and YSPY in my portfolio?

TQQY and YSPY have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TQQY or YSPY?

TQQY has higher volatility (4.64%) compared to YSPY (3.13%). In terms of maximum drawdown, TQQY dropped -26.06% vs YSPY's -18.74%.

Which ETF is better, TQQY or YSPY?

On 1-year performance, YSPY leads with 20.09% vs 11.76% for TQQY. Both ETFs have the same 1.07% expense ratio. On volatility, YSPY has been the lower-risk option at 3.13%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TQQY or YSPY?

Over the 1-year period, YSPY has performed better with a 20.09% return vs 11.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TQQY or YSPY?

TQQY and YSPY have the same expense ratio: 1.07% per year.

Which ETF pays a higher dividend yield, TQQY or YSPY?

TQQY has the higher dividend yield at 61.62%, compared with 56.44% for YSPY.

Which has better risk-adjusted returns?

YSPY currently has the higher Sharpe Ratio (1.05 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.