ETF Evaluator:
GraniteShares YieldBOOST HOOD ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
GraniteShares YieldBOOST HOOD ETF Overview
GraniteShares YieldBOOST HOOD ETF (HOYY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Graniteshares launched the ETF in 2025.
The investment seeks to achieve 2 times (200%) the income generated from selling options on Robinhood Markets, Inc.’s common stock by selling options on leveraged exchange-traded funds designed to deliver 2 times the daily performance of the Underlying Stock and to gain exposure to the performance of the Underlying Leveraged ETF, subject to a cap on potential investment gains. A downside protection may be implemented which could affect the net income level.
The fund will invest at least 80% of its net assets in derivatives contracts that utilize the Underlying Leveraged ETF as their reference asset. The fund is non-diversified.
About GraniteShares YieldBOOST HOOD ETF (HOYY)
There are 3 members of the management team with an average tenure of 0.84 years: Jeff Klearman (2025), Benoit Autier (2025) and Ryan Dofflemeyer (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
GraniteShares YieldBOOST HOOD ETF has 8 securities in its portfolio. The top 10 holdings constitute 28.8% 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 HOOD ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. GraniteShares YieldBOOST HOOD ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -2.4% 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 HOOD ETF has 102.4% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $727 million average for the Derivative Income 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.
HOYY 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 HOOD ETF expense ratio is high compared to funds in the Derivative Income category. GraniteShares YieldBOOST HOOD ETF has an expense ratio of 1.07%, which is 29% higher than its category average, making the fund expense ratio grade a D. 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 HOOD 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 69% for the Derivative Income category.
Recently, in the month of July 2026, GraniteShares YieldBOOST HOOD ETF returned -5.2%, which earned it a grade of D, as the Derivative Income category had an average return of -1.5%. 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 HOOD ETF has a trailing yield of 0.00%, which is below the 19.96% category average.
The fund normally distributes its income weekly 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.
GraniteShares YieldBOOST HOOD ETF Grades
Year to date, the ETF has returned -32.3%, 34.9 percentage points worse than the category, which translates into a grade of F.
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HOYY 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 |
|
| HOYY Return (NAV) | -5.2% | -2.6% | na | na | na | na |
| HOYY Return (Price) | -3.8% | -2.5% | na | na | na | na |
| NAV +/- Price Return | -1.407% | -0.090% | na | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| HOYY Grade (NAV) | D | D | na | na | na | na |
| +/- Category (NAV) | -3.6% | -3.2% | na | na | na | na |
| HOYY Tax-Cost Ratio | na | na | na | na | na | na |
HOYY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HOYY Return (NAV) | -32.3% | na | na | na | na | na | na | na | na | na | na |
| HOYY Return (Price) | -32.0% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.009% | na | na | na | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| HOYY Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -34.9% | 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: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | na |
| Expense Ratio: | 1.07% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 200% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Klearman Jeff (2025), Autier Benoit (2025), Dofflemeyer Ryan (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 8 |
| % in Top 10 Holdings: | 28.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -2.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 102.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Graniteshares |
| Phone Number: | 844-476-8747 |
| Website: | |
| Inception Date: | September 29, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.07% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
