ETF Evaluator:
GraniteShares YieldBOOST QQQ 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 QQQ ETF Overview
GraniteShares YieldBOOST QQQ ETF (TQQY) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Graniteshares launched the ETF in 2025.
The investment seeks current income; the fund’s secondary investment objective being exposure to the performance of the ProShares UltraPro® QQQ (NASDAQ: TQQQ) subject to a limit on potential investment gains.
The fund is an actively managed ETF that seeks current income while maintaining the opportunity for an indirect exposure to the share price of the ProShares UltraPro® QQQ, subject to a limit on potential gains from increases in the price of the underlying ETF’s shares. The fund is non-diversified.
About GraniteShares YieldBOOST QQQ ETF (TQQY)
There are 2 members of the management team with an average tenure of 1.43 years: Jeff Klearman (2025) and Ryan Dofflemeyer (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
GraniteShares YieldBOOST QQQ ETF has 10 securities in its portfolio. The top 10 holdings constitute 15.5% 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 QQQ ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. GraniteShares YieldBOOST QQQ ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is -0.4% 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 QQQ ETF has 100.4% of the portfolio in cash.
Assets Under Management
The fund has $6 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.
TQQY 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 QQQ ETF expense ratio is high compared to funds in the Derivative Income category. GraniteShares YieldBOOST QQQ ETF has an expense ratio of 1.15%, which is 38% higher 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 QQQ 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 QQQ ETF returned -1.8%, 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 QQQ ETF has a trailing yield of 43.96%, which is above 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 QQQ ETF Grades
Year to date, the ETF has returned 3.1%, 0.5 percentage points better than the category, which translates into a grade of D. The fund has returned 2.9% over the past year (grade of D).
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TQQY 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 |
|
| TQQY Return (NAV) | -1.8% | 1.5% | 2.9% | na | na | na |
| TQQY Return (Price) | -1.8% | 1.3% | 3.0% | na | na | na |
| NAV +/- Price Return | -0.002% | 0.178% | -0.138% | na | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| TQQY Grade (NAV) | D | D | D | na | na | na |
| +/- Category (NAV) | -0.3% | 0.9% | -8.4% | na | na | na |
| TQQY Tax-Cost Ratio | na | na | 12.7% | na | na | na |
TQQY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TQQY Return (NAV) | 3.1% | na | na | na | na | na | na | na | na | na | na |
| TQQY Return (Price) | 3.4% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.071% | 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% |
| TQQY Grade (NAV) | D | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.5% | 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: | 44.0% |
| Total Assets: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 1.15% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Weekly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Klearman Jeff (2025), Dofflemeyer Ryan (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 15.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | -0.4% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 100.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Graniteshares |
| Phone Number: | 844-476-8747 |
| Website: | |
| Inception Date: | February 25, 2025 |
Expenses and Fees
| Expense Ratio (%): | 1.15% (Rating: High) |
| Category Average Expense Ratio (%): | 0.83% |
