ETF Evaluator:
GraniteShares YieldBOOST 20Y+ Trsrs ETF ()
Follow This ETF
(as of Aug 18)
Best Performing in Nontraditional Bond Over the Last Year
| 7.1% | Simplify Kayne Anderson Ey&InfrasCrdtETF (KNRG) |
| 6.8% | WisdomTree Interest Rt Hdg Hi Yld Bd ETF (HYZD) |
| 6.3% | ProShares High Yield—Interest Rate Hdgd (HYHG) |
| 6.0% | FolioBeyond Alt Inc and Int Rt Hdg ETF (RISR) |
| 5.6% | NEOS Enhanced Income Credit Select ETF (HYBI) |
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ETF Details
GraniteShares YieldBOOST 20Y+ Trsrs ETF Overview
GraniteShares YieldBOOST 20Y+ Trsrs ETF (FIYY) is an actively managed Taxable Bond Nontraditional Bond exchange-traded fund (ETF). Graniteshares launched the ETF in 2026.
The investment seeks is to achieve 3 times (300%) the income generated from selling options on the ICE U.S. Treasury 20+ Year Bond Index (the “underlying index”) by selling options on leveraged exchange-traded funds designed to deliver 3 times (300%) the daily performance of the underlying index (the “Underlying Leveraged ETF”).
It is an actively managed exchange-traded fund (“ETF”) that seeks to pay weekly distributions by selling put options on the Underlying Leveraged ETF, which provides exposure to 3 times the daily performance of the underlying index. The fund is non-diversified.
About GraniteShares YieldBOOST 20Y+ Trsrs ETF (FIYY)
There are 2 members of the management team with an average tenure of 0.24 years: Jeff Klearman (2026) and Ryan Dofflemeyer (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
GraniteShares YieldBOOST 20Y+ Trsrs ETF has 6 securities in its portfolio. The top 10 holdings constitute 56.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
GraniteShares YieldBOOST 20Y+ Trsrs ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. GraniteShares YieldBOOST 20Y+ Trsrs ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -1.4% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). GraniteShares YieldBOOST 20Y+ Trsrs ETF has 101.4% of the portfolio in cash.
Assets Under Management
The fund has $721 million in total assets, which is below the $320 million average for the Nontraditional Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FIYY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The GraniteShares YieldBOOST 20Y+ Trsrs ETF expense ratio is high compared to funds in the Nontraditional Bond category. GraniteShares YieldBOOST 20Y+ Trsrs ETF has an expense ratio of 1.07%, which is 20% lower than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. GraniteShares YieldBOOST 20Y+ Trsrs ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 190% for the Nontraditional Bond category.
Recently, in the month of July 2026, GraniteShares YieldBOOST 20Y+ Trsrs ETF returned -1.3%, which earned it a grade of F, as the Nontraditional Bond category had an average return of -0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
GraniteShares YieldBOOST 20Y+ Trsrs ETF has a trailing yield of 0.00%, which is below the 6.67% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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FIYY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FIYY Return (NAV) | -1.3% | na | na | na | na | na |
| FIYY Return (Price) | 0.2% | na | na | na | na | na |
| NAV +/- Price Return | -1.476% | na | na | na | na | na |
| Nontraditional Bond Avg | -0.4% | -0.6% | 2.7% | 5.4% | 3.4% | 4.3% |
| FIYY Grade (NAV) | F | na | na | na | na | na |
| +/- Category (NAV) | -0.9% | na | na | na | na | na |
| FIYY Tax-Cost Ratio | na | na | na | na | na | na |
FIYY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FIYY Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| FIYY Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Nontraditional Bond Avg | 0.1% | 4.6% | 8.2% | 9.5% | -3.9% | 6.2% | 0.9% | 7.2% | -0.7% | 4.0% | 7.7% |
| FIYY Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 1 Mil |
| Share Class Assets: | $ 1 Mil |
| Turnover: | na |
| Expense Ratio: | 1.07% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 0.2 years | |||
| Average Tenure: 0.2 years | |||
| Managers (Year): Klearman Jeff (2026), Dofflemeyer Ryan (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 6 |
| % in Top 10 Holdings: | 56.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -1.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 101.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Graniteshares |
| Phone Number: | 844-476-8747 |
| Website: | |
| Inception Date: | May 4, 2026 |
Expenses and Fees
| Expense Ratio (%): | 1.07% (Rating: High) |
| Category Average Expense Ratio (%): | 1.34% |
