XBTY vs. TSMY

Last updated Jun 3, 2026

XBTY (GraniteShares YieldBOOST Bitcoin ETF) and TSMY (YieldMax TSM Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, XBTY returned -35.32% vs 96.92% for TSMY. At a 0.36 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

XBTY vs. TSMY - Performance Comparison

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

Returns By Period

In the year-to-date period, XBTY achieves a -19.17% return, which is significantly lower than TSMY's 38.94% return.

XBTY

• 1D: -2.23%
• 1M: -7.49%
• YTD: -19.17%
• 6M: -19.19%
• 1Y: -35.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSMY

• 1D: 1.56%
• 1M: 9.89%
• YTD: 38.94%
• 6M: 42.47%
• 1Y: 96.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XBTY vs. TSMY - Yearly Performance Comparison

	2026 (YTD)	2025
XBTY GraniteShares YieldBOOST Bitcoin ETF	-19.17%	-21.15%
TSMY YieldMax TSM Option Income Strategy ETF	38.94%	45.22%

Correlation

The correlation between XBTY and TSMY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (All Time) Calculated using the full available price history since May 14, 2025	0.36

Return for Risk

XBTY vs. TSMY — Risk / Return Rank

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

XBTY

XBTY Risk / Return Rank: 1
XBTY Sharpe Ratio Rank: 1
XBTY Sortino Ratio Rank: 1
XBTY Omega Ratio Rank: 1
XBTY Calmar Ratio Rank: 2
XBTY Martin Ratio Rank: 3

TSMY

TSMY Risk / Return Rank: 90
TSMY Sharpe Ratio Rank: 92
TSMY Sortino Ratio Rank: 87
TSMY Omega Ratio Rank: 85
TSMY Calmar Ratio Rank: 92
TSMY Martin Ratio Rank: 92

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.

XBTY vs. TSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) and YieldMax TSM Option Income Strategy ETF (TSMY). 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.

	XBTY	TSMY	Difference
Sharpe ratio Return per unit of total volatility	-1.25	3.38	-4.63
Sortino ratio Return per unit of downside risk	-1.78	4.00	-5.79
Omega ratio Gain probability vs. loss probability	0.79	1.53	-0.74
Calmar ratio Return relative to maximum drawdown	-0.78	6.40	-7.18
Martin ratio Return relative to average drawdown	-1.20	23.81	-25.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBTY vs. TSMY - Sharpe Ratio Comparison

The current XBTY Sharpe Ratio is -1.25, which is lower than the TSMY Sharpe Ratio of 3.38. The chart below compares the historical Sharpe Ratios of XBTY and TSMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XBTY	TSMY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.25	3.38	-4.63
Sharpe Ratio (All Time) Calculated using the full available price history	-1.25	1.60	-2.85

Drawdowns

XBTY vs. TSMY - Drawdown Comparison

The maximum XBTY drawdown since its inception was -45.23%, which is greater than TSMY's maximum drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for XBTY and TSMY.

Drawdown Indicators

	XBTY	TSMY	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-31.15%	-14.08%
Max Drawdown (1Y) Largest decline over 1 year	-45.23%	-15.50%	-29.73%
Current Drawdown Current decline from peak	-45.23%	0.00%	-45.23%
Average Drawdown Average peak-to-trough decline	-22.95%	-5.52%	-17.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.35%	4.17%	+25.18%

Volatility

XBTY vs. TSMY - Volatility Comparison

The current volatility for GraniteShares YieldBOOST Bitcoin ETF (XBTY) is 5.55%, while YieldMax TSM Option Income Strategy ETF (TSMY) has a volatility of 9.35%. This indicates that XBTY experiences smaller price fluctuations and is considered to be less risky than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBTY	TSMY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	9.35%	-3.80%
Volatility (6M) Calculated over the trailing 6-month period	18.20%	22.65%	-4.45%
Volatility (1Y) Calculated over the trailing 1-year period	28.34%	28.83%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.01%	33.23%	-5.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.01%	33.23%	-5.22%

XBTY vs. TSMY - Expense Ratio Comparison

Both XBTY and TSMY have an expense ratio of 0.99%.

Dividends

XBTY vs. TSMY - Dividend Comparison

XBTY's dividend yield for the trailing twelve months is around 239.89%, more than TSMY's 51.48% yield.

Position	TTM	2025	2024
TSMY YieldMax TSM Option Income Strategy ETF	51.48%	56.76%	13.71%
XBTY GraniteShares YieldBOOST Bitcoin ETF	239.89%	102.53%	0.00%

Frequently Asked Questions

Can I hold both XBTY and TSMY in my portfolio?

XBTY and TSMY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XBTY or TSMY?

TSMY has higher volatility (9.35%) compared to XBTY (5.55%). In terms of maximum drawdown, XBTY dropped -45.23% vs TSMY's -31.15%.

Which ETF is better, XBTY or TSMY?

On 1-year performance, TSMY leads with 96.92% vs -35.32% for XBTY. Both ETFs have the same 0.99% expense ratio. On volatility, XBTY has been the lower-risk option at 5.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XBTY or TSMY?

Over the 1-year period, TSMY has performed better with a 96.92% return vs -35.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XBTY or TSMY?

XBTY and TSMY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, XBTY or TSMY?

XBTY has the higher dividend yield at 239.89%, compared with 51.48% for TSMY.

What is the main difference between XBTY and TSMY?

They also come from different issuers: GraniteShares and YieldMax.

Which has better risk-adjusted returns?

TSMY currently has the higher Sharpe Ratio (3.38 vs -1.25), 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.