Category Review
The median crypto option-income fund lost more than bitcoin over the year and trailed its rebound
GraniteShares YieldBOOST Ether ETF
DThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$19.19−0.10 (−0.49%)
- 1.07%
- $1M
- 0M sh
- $19.23
- low $19.27high $25.44
The ETF.net XEY Grade
D
Score 28 out of 100
- 20 of 22
Score 28 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Very small fund, grade capped at C.
The cap holds the Score at 40 or below, so B and A are out of reach.
- The pillars earned
- 28
- This cap took
- −0
- Published Score
- 28
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 20 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A81 out of 100Rank 4 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F21 out of 100Rank 20 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F6 out of 100Rank 22 of 22
Our read on XEY
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.
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
- The twist: it writes puts on leveraged Ether ETFs rather than on Ether, aiming for twice the option income of the plain version.graniteshares.com
- The 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
- Distributions land weekly, not monthly or quarterly, across the whole YieldBOOST shelf.graniteshares.comgraniteshares.com
Worth knowing
- At 1.07%, the fee sits above what a typical crypto options-income peer charges; CEPI and BAGY run their versions cheaper.
- Selling 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
- A 2026 launch, still small and lightly traded. Thin volume can mean wider spreads, so limit orders matter here.
XEY Holdings
- Other
- 3
- 102%
- US TBill 10/22/2026
XEY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
XEY$10,613
Returns run to the Oct 12, 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.
| Period | XEY |
|---|---|
| Year to date | — |
| 1 month | −1.7% |
| 3 months | +6.1% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XEY |
|---|---|---|
| 2026 YTD | −4.8% |
XEY in the news
XEY Dividends
- $0.14 per share
- Weekly
Distribution data unavailable.
Distribution history
XEY Risk
- —
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.
- —
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.
- —
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.
- 0.60
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
1.07%
XEY1.07%
- The middle half of Crypto Option Income funds
- Median 0.85%
18 of the 21 Crypto Option Income funds charge less.
Other funds in Crypto Option Income
- CETTYAmplify ETF Trust - Amplify Ethereum 3% Monthly Option Income ETFExpense ratio 0.75%1 year return −43.1%
- CSOLMAmplify ETF Trust - Amplify Solana 3% Monthly Option Income ETFExpense ratio 0.75%1 year return —
- DYBITYieldMax Bitcoin Option Income Strategy ETFExpense ratio 1.02%1 year return −27.6%
- DXBTYGraniteShares YieldBOOST Bitcoin ETFExpense ratio 11.40%1 year return −33.5%
- DMAXISimplify Bitcoin Strategy PLUS Income ETFExpense ratio 1.31%1 year return −37.6%