TSMY vs. FIYY
TSMY (YieldMax TSM Option Income Strategy ETF) and FIYY (GraniteShares YieldBOOST 20Y+ Treasuries ETF) are both Derivative Income funds. Both are actively managed. At a 0.31 correlation, their price movements are largely independent. TSMY charges 0.99%/yr vs 1.07%/yr for FIYY.
Performance
TSMY vs. FIYY - Performance Comparison
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Returns By Period
TSMY
- 1D
- -2.86%
- 1M
- -0.10%
- 6M
- 23.80%
- YTD
- 33.37%
- 1Y
- 67.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIYY
- 1D
- -0.07%
- 1M
- -0.64%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSMY vs. FIYY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TSMY YieldMax TSM Option Income Strategy ETF | 4.60% |
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF | -2.01% |
Correlation
The correlation between TSMY and FIYY is 0.31, 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 May 5, 2026 | 0.31 |
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Return for Risk
TSMY vs. FIYY — Risk / Return Rank
TSMY
FIYY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TSMY vs. FIYY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSM Option Income Strategy ETF (TSMY) 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.
| TSMY | FIYY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.35 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | — | — |
| Martin ratioReturn relative to average drawdown | 15.10 | — | — |
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Drawdowns
TSMY vs. FIYY - Drawdown Comparison
The maximum TSMY drawdown since its inception was -31.15%, which is greater than FIYY's maximum drawdown of -2.51%. Use the drawdown chart below to compare losses from any high point for TSMY and FIYY.
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Drawdown Indicators
| TSMY | FIYY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.15% | -2.51% | -28.64% |
Max Drawdown (1Y)Largest decline over 1 year | -15.50% | — | — |
Current DrawdownCurrent decline from peak | -9.70% | -2.13% | -7.57% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -1.47% | -3.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | — | — |
Volatility
TSMY vs. FIYY - Volatility Comparison
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Volatility by Period
| TSMY | FIYY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.96% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.69% | 5.08% | +27.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.39% | 5.08% | +29.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.39% | 5.08% | +29.31% |
TSMY vs. FIYY - Expense Ratio Comparison
TSMY has a 0.99% expense ratio, which is lower than FIYY's 1.07% expense ratio.
Dividends
TSMY vs. FIYY - Dividend Comparison
TSMY's dividend yield for the trailing twelve months is around 52.86%, more than FIYY's 1.13% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF | 1.13% | 0.00% | 0.00% |
TSMY YieldMax TSM Option Income Strategy ETF | 52.86% | 56.76% | 13.71% |
Frequently Asked Questions
TSMY and FIYY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TSMY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TSMY is cheaper with a 0.99% expense ratio, compared with 1.07% for FIYY.
TSMY has the higher dividend yield at 52.86%, compared with 1.13% for FIYY.
They also come from different issuers: YieldMax and GraniteShares. Their fees differ too: 0.99% for TSMY and 1.07% for FIYY.
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