TSYY vs. IWMY

Last updated Jun 13, 2026

TSYY (GraniteShares YieldBOOST TSLA ETF) and IWMY (Defiance R2000 Enhanced Options & 0DTE Income ETF) are both exchange-traded funds - TSYY is a Derivative Income fund actively managed by GraniteShares, while IWMY is a Options Trading fund tracking the Russell 2000 Index. TSYY is actively managed, while IWMY is passively managed. Over the past year, TSYY returned -7.79% vs 21.26% for IWMY. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

TSYY vs. IWMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST TSLA ETF (TSYY) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSYY achieves a -16.74% return, which is significantly lower than IWMY's 13.70% return.

TSYY

• 1D: 0.89%
• 1M: -4.52%
• YTD: -16.74%
• 6M: -20.28%
• 1Y: -7.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IWMY

• 1D: 0.68%
• 1M: 2.79%
• YTD: 13.70%
• 6M: 10.66%
• 1Y: 21.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TSYY vs. IWMY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TSYY GraniteShares YieldBOOST TSLA ETF	-16.74%	-15.96%	-3.30%
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	13.70%	10.18%	-2.87%

Correlation

The correlation between TSYY and IWMY is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 18, 2024	0.48

Return for Risk

TSYY vs. IWMY — Risk / Return Rank

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

TSYY

TSYY Risk / Return Rank: 7
TSYY Sharpe Ratio Rank: 7
TSYY Sortino Ratio Rank: 7
TSYY Omega Ratio Rank: 7
TSYY Calmar Ratio Rank: 7
TSYY Martin Ratio Rank: 7

IWMY

IWMY Risk / Return Rank: 41
IWMY Sharpe Ratio Rank: 42
IWMY Sortino Ratio Rank: 39
IWMY Omega Ratio Rank: 38
IWMY Calmar Ratio Rank: 42
IWMY Martin Ratio Rank: 42

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.

TSYY vs. IWMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TSLA ETF (TSYY) and Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY). 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.

	TSYY	IWMY	Difference
Sharpe ratio: Return per unit of total volatility	-0.25	1.31	-1.55
Sortino ratio: Return per unit of downside risk	-0.13	1.79	-1.92
Omega ratio: Gain probability vs. loss probability	0.98	1.23	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.28	1.85	-2.12
Martin ratio: Return relative to average drawdown	-0.52	6.03	-6.55

TSYY vs. IWMY - Sharpe Ratio Comparison

The current TSYY Sharpe Ratio is -0.25, which is lower than the IWMY Sharpe Ratio of 1.31. The chart below compares the historical Sharpe Ratios of TSYY and IWMY, 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

TSYY vs. IWMY - Drawdown Comparison

The maximum TSYY drawdown since its inception was -41.52%, which is greater than IWMY's maximum drawdown of -18.72%. Use the drawdown chart below to compare losses from any high point for TSYY and IWMY.

Drawdown Indicators

	TSYY	IWMY	Difference
Max Drawdown Largest peak-to-trough decline	-41.52%	-18.72%	-22.80%
Max Drawdown (1Y) Largest decline over 1 year	-28.39%	-11.57%	-16.82%
Current Drawdown Current decline from peak	-36.80%	-0.12%	-36.68%
Average Drawdown Average peak-to-trough decline	-26.06%	-2.96%	-23.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.10%	3.54%	+11.56%

Volatility

TSYY vs. IWMY - Volatility Comparison

The current volatility for GraniteShares YieldBOOST TSLA ETF (TSYY) is 6.11%, while Defiance R2000 Enhanced Options & 0DTE Income ETF (IWMY) has a volatility of 6.80%. This indicates that TSYY experiences smaller price fluctuations and is considered to be less risky than IWMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSYY	IWMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.11%	6.80%	-0.69%
Volatility (6M) Calculated over the trailing 6-month period	19.83%	13.47%	+6.36%
Volatility (1Y) Calculated over the trailing 1-year period	31.44%	16.36%	+15.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.38%	15.94%	+21.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.38%	15.94%	+21.44%

TSYY vs. IWMY - Expense Ratio Comparison

Both TSYY and IWMY have an expense ratio of 0.99%.

Dividends

TSYY vs. IWMY - Dividend Comparison

TSYY's dividend yield for the trailing twelve months is around 280.23%, more than IWMY's 44.61% yield.

Position	TTM	2025	2024	2023
IWMY Defiance R2000 Enhanced Options & 0DTE Income ETF	44.61%	63.33%	107.92%	11.34%
TSYY GraniteShares YieldBOOST TSLA ETF	280.23%	256.64%	0.19%	0.00%

Frequently Asked Questions

Can I hold both TSYY and IWMY in my portfolio?

TSYY and IWMY have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSYY or IWMY?

IWMY has higher volatility (6.80%) compared to TSYY (6.11%). In terms of maximum drawdown, TSYY dropped -41.52% vs IWMY's -18.72%.

Which ETF is better, TSYY or IWMY?

On 1-year performance, IWMY leads with 21.26% vs -7.79% for TSYY. Both ETFs have the same 0.99% expense ratio. On volatility, TSYY has been the lower-risk option at 6.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSYY or IWMY?

Over the 1-year period, IWMY has performed better with a 21.26% return vs -7.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSYY or IWMY?

TSYY and IWMY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, TSYY or IWMY?

TSYY has the higher dividend yield at 280.23%, compared with 44.61% for IWMY.

What is the main difference between TSYY and IWMY?

TSYY is categorized as Derivative Income, while IWMY is Options Trading. They also come from different issuers: GraniteShares and Defiance.

Which has better risk-adjusted returns?

IWMY currently has the higher Sharpe Ratio (1.31 vs -0.25), 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.