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FIYY

GradeFNASDAQ Global Market

Graniteshares YieldBOOST 20Y+ Treasuries ETF

Option Income · GraniteShares · Inception 2026-05-05 · SEC filings

$24.66−0.14 (−0.56%)

As of Sep 23, 2026, 10:00 AM EDT

History starts May 5, 2026.History starts May 5, 2026.History starts May 5, 2026.
Intraday session: down, 2 prints from 24.80 to 24.66. Range 24.66 to 24.75. Use the arrow keys to read each point.$24.68$24.72$24.7610 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
$24.79
52W range
low $24.07high $25.11

The ETF.net FIYY Grade

F

24/ 100

Rank 14 of 14 in Treasury Option Income

Confidence Medium

Six-pillar profile for FIYY. Scores out of 100: Cost 1, Risk 50, Mission not scored, Tradability 20, Holdings 64, Durability 30. Strongest: Holdings (64). Weakest: Cost (1). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 24 of 100 sits in the F 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 earned25This cap took0Published score24 Grade F
  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 1
    Category rank14/14 · bottom quartile
  • 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.
    CScore 50
    Category rank7/14 · top 50%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 20
    Category rank13/14 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 64
    Category rank3/13 · top 23%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 30
    Category rank12/14 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on FIYY

ETF.net Research

FMost Treasury option-income funds sell options on bonds. FIYY sells them on a 3x leveraged Treasury ETF, chasing three times the premium of a plain 20+ year Treasury overlay, with its own upside capped.

Stated mandate

The fund seeks to earn three times the income produced by selling options on the ICE U.S. Treasury 20+ Year Bond Index, using options on leveraged ETFs targeting three times the index’s daily performance. It also seeks exposure to that leveraged ETF, subject to a gain cap.

Why people hold it

  1. 01Rather than writing options on Treasury bonds, it writes them on a 3x leveraged Treasury ETF, aiming for three times the income of selling options on the 20+ year Treasury index.graniteshares.com
  2. 02Premium isn't the whole story: the fund also seeks exposure to that leveraged Treasury ETF, so a rally in long bonds can contribute, up to a stated gain cap.graniteshares.com
  3. 03It's a standard 1940 Act ETF, so the option selling happens inside one ticker: no margin agreement, no option approvals, no contracts to roll yourself.graniteshares.com

Worth knowing

  1. 01At 1.07% a year, it costs roughly triple the plain 20+ year buy-writes TLTW and BUCK (0.35% each). The fee buys a leveraged engine, not a cheaper one.
  2. 02Writing options on a 3x fund means long-rate moves land about three times as hard, while the fund's own upside is limited by a gain cap.
  3. 03Launched in 2026, so there's little history behind it, and the prospectus discloses that distributions may include return of capital.

FIYY Holdings

As of Sep 21, 2026, 4:06 AM
Asset class
Bonds
Holdings
Top-10 weight
100%
Largest holding
US TBill 10/22/202653.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001US TBill 10/22/202653.61%400,000$399K31
002US Dollars46.41%345,041$345K85
0032TMF 09/21/2026 P26.48<0.01%260$281

Showing 1–3 of 3 holdings

FIYY Performance

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

FIYY$10,175
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. FIYY $10,175. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 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 FIYY. Periods over one year show the average yearly return.
PeriodFIYY
Year to dateFund launched this year
1 month+1.1%
3 months+1.7%
1 yearFund is under 1 year old
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper 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 FIYY
YearReturn barFIYY
2026 YTD+0.4%

Since listing, May 5, 2026

FIYY in the news

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

FIYY 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
$0.0098 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. 20 payments in 2026 YTD. May 8, 2026 $0.05; May 15, 2026 $0.04; May 22, 2026 $0.04; May 29, 2026 $0.02; Jun 5, 2026 $0.02; Jun 12, 2026 $0.02; Jun 18, 2026 $0.02; Jun 26, 2026 $0.02; Jul 2, 2026 $0.02; Jul 10, 2026 $0.0091; Jul 17, 2026 $0.0096; Jul 24, 2026 $0.0092; Jul 31, 2026 $0.0096; Aug 7, 2026 $0.0091; Aug 14, 2026 $0.0095; Aug 21, 2026 $0.0092; Aug 28, 2026 $0.0096; Sep 4, 2026 $0.0096; Sep 11, 2026 $0.0096; Sep 18, 2026 $0.0098. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.0098
Sep 11, 2026Sep 15, 2026$0.0096
Sep 4, 2026Sep 9, 2026$0.0096
Aug 28, 2026Sep 1, 2026$0.0096
Aug 21, 2026Aug 25, 2026$0.0092
Aug 14, 2026Aug 18, 2026$0.0095
Aug 7, 2026Aug 11, 2026$0.0091
Jul 31, 2026Aug 4, 2026$0.0096
Jul 24, 2026Jul 28, 2026$0.0092
Jul 17, 2026Jul 21, 2026$0.0096
Jul 10, 2026Jul 14, 2026$0.0091
Jul 2, 2026Jul 7, 2026$0.02

FIYY Risk

How much the fund’s monthly returns vary, scaled to a year.
Launched May 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 May 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 May 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.
0.12
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.

FIYY Cost

Expense ratio1.07%
  • The middle half of Treasury Option Income funds
  • Median 0.65%

Every other Treasury Option Income fund charges less.

FIYY costs $107.00 a year on $10,000. The median Treasury Option Income fund costs $65.00.