YBST vs. PAPI
YBST (GraniteShares YieldBOOST Single Stock Universe ETF) and PAPI (Parametric Equity Premium Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.01, they often move in opposite directions. YBST charges 1.38%/yr vs 0.29%/yr for PAPI.
Performance
YBST vs. PAPI - Performance Comparison
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Returns By Period
In the year-to-date period, YBST achieves a -18.56% return, which is significantly lower than PAPI's 9.52% return.
YBST
- 1D
- -0.15%
- 1M
- -1.77%
- 6M
- -20.44%
- YTD
- -18.56%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PAPI
- 1D
- 0.67%
- 1M
- 1.46%
- 6M
- 6.26%
- YTD
- 9.52%
- 1Y
- 13.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YBST vs. PAPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
YBST GraniteShares YieldBOOST Single Stock Universe ETF | -18.56% | -4.74% |
PAPI Parametric Equity Premium Income ETF | 9.52% | -1.51% |
Correlation
The correlation between YBST and PAPI is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | -0.01 |
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Return for Risk
YBST vs. PAPI — Risk / Return Rank
YBST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PAPI
YBST vs. PAPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Single Stock Universe ETF (YBST) and Parametric Equity Premium Income ETF (PAPI). 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.
| YBST | PAPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.83 | — |
| Martin ratioReturn relative to average drawdown | — | 4.53 | — |
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Drawdowns
YBST vs. PAPI - Drawdown Comparison
The maximum YBST drawdown since its inception was -24.76%, which is greater than PAPI's maximum drawdown of -14.27%. Use the drawdown chart below to compare losses from any high point for YBST and PAPI.
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Drawdown Indicators
| YBST | PAPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.76% | -14.27% | -10.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.86% | — |
Current DrawdownCurrent decline from peak | -23.42% | -1.74% | -21.68% |
Average DrawdownAverage peak-to-trough decline | -16.58% | -2.77% | -13.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.78% | — |
Volatility
YBST vs. PAPI - Volatility Comparison
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Volatility by Period
| YBST | PAPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.13% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.15% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.72% | 10.44% | +6.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 11.71% | +5.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.72% | 11.71% | +5.01% |
YBST vs. PAPI - Expense Ratio Comparison
YBST has a 1.38% expense ratio, which is higher than PAPI's 0.29% expense ratio.
Dividends
YBST vs. PAPI - Dividend Comparison
YBST's dividend yield for the trailing twelve months is around 49.24%, more than PAPI's 7.48% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
PAPI Parametric Equity Premium Income ETF | 7.48% | 7.59% | 7.07% | 1.45% |
YBST GraniteShares YieldBOOST Single Stock Universe ETF | 49.24% | 3.33% | 0.00% | 0.00% |
Frequently Asked Questions
YBST and PAPI have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PAPI is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PAPI is cheaper with a 0.29% expense ratio, compared with 1.38% for YBST.
YBST has the higher dividend yield at 49.24%, compared with 7.48% for PAPI.
They also come from different issuers: GraniteShares and Morgan Stanley. Their fees differ too: 1.38% for YBST and 0.29% for PAPI.
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