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XEY

GradeDNASDAQ Global Select

GraniteShares YieldBOOST Ether ETF

Single-stock strategy · Option Income · GraniteShares · Inception 2026-04-28

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

$20.17−0.23 (−1.15%)

As of Sep 23, 2026, 1:45 PM EDT

History starts Apr 28, 2026.History starts Apr 28, 2026.History starts Apr 28, 2026.
Intraday session: down, 10 prints from 20.41 to 20.17. Range 20.09 to 20.36. Use the arrow keys to read each point.$20.10$20.3010 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
$20.35
52W range
low $19.62high $25.44

The ETF.net XEY Grade

D

29/ 100

Rank 21 of 22 in Crypto Option Income

Confidence Medium

Six-pillar profile for XEY. Scores out of 100: Cost 10, Risk 85, Mission not scored, Tradability 20, Holdings not scored, Durability 6. Strongest: Risk (85). Weakest: Durability (6). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 29 of 100 sits in the D 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 earned29This cap took0Published score29 Grade D
  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 10
    Category rank20/22 · 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.
    AScore 85
    Category rank4/22 · top 18%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 20
    Category rank18/22 · 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.
    FScore 6
    Category rank22/22 · bottom quartile

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

Our read on XEY

ETF.net Research

DMost crypto income funds sell calls on the coin. XEY sells puts on 2x Ether ETFs, harvesting the fatter premiums that leverage creates, and pays weekly. The fund itself holds no leverage; the leverage lives inside the options it writes.

Stated mandate

XEY seeks to generate income mainly by selling puts on leveraged ETFs designed to deliver twice the daily performance of Ether, targeting twice the option income. It also seeks exposure to that leveraged ETF's performance, with potential gains capped.

Why people hold it

  1. 01The twist: it writes puts on leveraged Ether ETFs rather than on Ether, aiming for twice the option income of the plain version.graniteshares.com
  2. 02The YieldBOOST structure sells near-the-money puts and buys further out-of-the-money puts, so the downside on the options leg is defined rather than open-ended.graniteshares.com
  3. 03Distributions land weekly, not monthly or quarterly, across the whole YieldBOOST shelf.graniteshares.comgraniteshares.com

Worth knowing

  1. 01At 1.07%, the fee sits above what a typical crypto options-income peer charges; CEPI and BAGY run their versions cheaper.
  2. 02Selling puts means the strike levels cap the upside while Ether's drawdowns still come through. The issuer also discloses that payouts can include return of capital.graniteshares.com
  3. 03A 2026 launch, still small and lightly traded. Thin volume can mean wider spreads, so limit orders matter here.

XEY Holdings

As of Sep 21, 2026, 4:09 AM
Asset class
Other
Holdings
Top-10 weight
105%
Largest holding
US TBill 10/22/202666.8%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001US TBill 10/22/202666.80%400,000$399K31
002US Dollars35.60%212,411$212K85
0032ETHU 09/21/2026 P24.962.78%230$17K1

Showing 1–3 of 3 holdings

XEY Performance

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

XEY$10,687
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. XEY $10,687. SPY $10,415. Use the arrow keys to read each point.$9,333$10,060$10,787Jun 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 XEY. Periods over one year show the average yearly return.
PeriodXEY
Year to dateFund launched this year
1 month+6.3%
3 months+6.9%
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 XEY
YearReturn barXEY
2026 YTD−1.2%

Since listing, Apr 28, 2026

XEY in the news

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

XEY 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
$0.14 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. 21 payments in 2026 YTD. May 1, 2026 $0.37; May 8, 2026 $0.39; May 15, 2026 $0.24; May 22, 2026 $0.23; May 29, 2026 $0.23; Jun 5, 2026 $0.22; Jun 12, 2026 $0.21; Jun 18, 2026 $0.21; Jun 26, 2026 $0.20; Jul 2, 2026 $0.18; Jul 10, 2026 $0.19; Jul 17, 2026 $0.19; Jul 24, 2026 $0.19; Jul 31, 2026 $0.20; Aug 7, 2026 $0.19; Aug 14, 2026 $0.15; Aug 21, 2026 $0.13; Aug 28, 2026 $0.14; Sep 4, 2026 $0.13; Sep 11, 2026 $0.13; Sep 18, 2026 $0.14. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.14
Sep 11, 2026Sep 15, 2026$0.13
Sep 4, 2026Sep 9, 2026$0.13
Aug 28, 2026Sep 1, 2026$0.14
Aug 21, 2026Aug 25, 2026$0.13
Aug 14, 2026Aug 18, 2026$0.15
Aug 7, 2026Aug 11, 2026$0.19
Jul 31, 2026Aug 4, 2026$0.20
Jul 24, 2026Jul 28, 2026$0.19
Jul 17, 2026Jul 21, 2026$0.19
Jul 10, 2026Jul 14, 2026$0.19
Jul 2, 2026Jul 7, 2026$0.18

XEY 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.
0.60
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.

XEY Cost

Expense ratio1.07%
  • The middle half of Crypto Option Income funds
  • Median 0.85%

18 of the 21 Crypto Option Income funds charge less.

XEY costs $107.00 a year on $10,000. The median Crypto Option Income fund costs $85.00.