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CWY

GradeCNASDAQ Global Select

GraniteShares YieldBOOST CRWV ETF

Single-stock strategy · Option Income · GraniteShares · Inception 2026-04-14

This fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$15.51+0.10 (+0.68%)

As of Sep 23, 2026, 3:12 PM EDT

History starts Apr 14, 2026.History starts Apr 14, 2026.History starts Apr 14, 2026.
Intraday session: up, 36 prints from 15.40 to 15.51. Range 15.40 to 15.51. Use the arrow keys to read each point.$15.40$15.43$15.45$15.4710 AM12 PM2 PM4 PM
Expense ratio
1.07%
Fund size
$1M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$15.35
52W range
low $15.05high $25.64

The ETF.net CWY Grade

C

40/ 100

Rank 39 of 72 in Single-Stock Option Income⁠

Confidence Medium

Six-pillar profile for CWY. Scores out of 100: Cost 34, Risk 58, Mission not scored, Tradability 35, Holdings not scored, Durability 40. Strongest: Risk (58). Weakest: Cost (34). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned40This cap took−0Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 34
    Category rank44/72 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 58
    Category rank25/65 · top 38%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 35
    Category rank58/72 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 40
    Category rank56/72 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on CWY

ETF.net Research

CMost single-stock income funds write calls on the stock. CWY flips it: it sells put spreads on a 2x leveraged CoreWeave ETF, mining the fatter premiums leverage creates, and pays the proceeds out weekly.

Stated mandate

The fund seeks to generate twice the income from selling options on CoreWeave, Inc.’s common stock by selling options on leveraged ETFs designed to deliver twice the stock’s daily performance. It may also gain capped exposure to the leveraged ETF.

Why people hold it

  1. 01The engine is volatility, not dividends. Options on a 2x CoreWeave ETF carry richer premiums than options on the shares, and selling that premium is the whole job.graniteshares.com
  2. 02Downside is defined rather than open-ended: the YieldBOOST design pairs a sold near-the-money put with a purchased further out-of-the-money put.graniteshares.com
  3. 03The fund itself carries no leverage. The 2x lives in the ETF whose options it writes, which is where the premium comes from.graniteshares.com
  4. 04Income arrives weekly, not quarterly, which is unusually frequent even among single-stock option-income funds.graniteshares.com

Worth knowing

  1. 01Upside is capped by design. Exposure to the leveraged ETF is subject to a cap on gains, so a big CoreWeave run mostly passes the fund by while the drawdowns do not.graniteshares.com
  2. 021.07% a year is at the expensive end of the ETF world, the cost of running a weekly options book on one of the market's jumpier names.
  3. 03Distributions can include return of capital, meaning part of a payout may be your own money handed back rather than earnings.

CWY Holdings

As of Sep 21, 2026, 4:06 AM
Asset class
Other
Holdings
—
Top-10 weight
110%
Largest holding
US Dollars63.7%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—US Dollars63.70%479,949$480K85
002—US TBill 10/22/202626.45%200,000$199K31
003—US TBill 02/04/202713.07%100,000$98K26
004—2CWVX 09/21/2026 P12.653.91%420$29K1
005—2CWVX 09/18/2026 P14.612.89%130$22K1

Showing 1–5 of 5 holdings

CWY Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CWY$8,950
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. CWY $8,950. SPY $10,415. Use the arrow keys to read each point.$8,270$9,441$10,611Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CWY. Periods over one year show the average yearly return.
PeriodCWY
Year to dateFund launched this year—
1 month+0.5%
3 months−10.5%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CWY
YearReturn barCWY
2026 YTD−12.0%

Since listing, Apr 14, 2026

CWY in the news

ETF.net Research hasn’t filed on CWY yet — coverage lands here as it’s written.

CWY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 23 payments in 2026 YTD. Apr 17, 2026 $0.49; Apr 24, 2026 $0.49; May 1, 2026 $0.45; May 8, 2026 $0.47; May 15, 2026 $0.35; May 22, 2026 $0.33; May 29, 2026 $0.33; Jun 5, 2026 $0.33; Jun 12, 2026 $0.31; Jun 18, 2026 $0.32; Jun 26, 2026 $0.31; Jul 2, 2026 $0.30; Jul 10, 2026 $0.29; Jul 17, 2026 $0.27; Jul 24, 2026 $0.27; Jul 31, 2026 $0.25; Aug 7, 2026 $0.25; Aug 14, 2026 $0.27; Aug 21, 2026 $0.25; Aug 28, 2026 $0.25; Sep 4, 2026 $0.24; Sep 11, 2026 $0.24; Sep 18, 2026 $0.24. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.24
Sep 11, 2026Sep 15, 2026$0.24
Sep 4, 2026Sep 9, 2026$0.24
Aug 28, 2026Sep 1, 2026$0.25
Aug 21, 2026Aug 25, 2026$0.25
Aug 14, 2026Aug 18, 2026$0.27
Aug 7, 2026Aug 11, 2026$0.25
Jul 31, 2026Aug 4, 2026$0.25
Jul 24, 2026Jul 28, 2026$0.27
Jul 17, 2026Jul 21, 2026$0.27
Jul 10, 2026Jul 14, 2026$0.29
Jul 2, 2026Jul 7, 2026$0.30

CWY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Apr 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.36
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CWY Cost

Expense ratio1.07%
  • The middle half of Single-Stock Option Income funds
  • Median 1.07%

35 of the 71 Single-Stock Option Income funds charge less.

CWY costs $107.00 a year on $10,000. The median Single-Stock Option Income fund costs $107.00.