ACYQ vs HIYY: Grades, Fees and Holdings Compared

FT Vest Autocallable Barrier & High Income ETF

ACYQANYSE Arca

YieldMax HIMS Option Income Strategy ETF

HIYYCNYSE Arca

Overlap

0.0%by weight

Expense ratio

ACYQ −0.26pt a year

ACYQ0.75%HIYY1.01%

Avg volume · 30D

ACYQ 1.9×the volume

ACYQ98KHIYY50.8K

ACYQ vs HIYY Performance

Jul 31, 2026 – Oct 28, 2026

+6.6%ACYQ+4.6%HIYY

Expense ratio: ACYQ 0.75%, better; HIYY 1.01%
Fund size: ACYQ $102M; HIYY $23M
1Y total return: ACYQ No data; HIYY −38.3%
Yield (12M): ACYQ No data; HIYY 146.73%
Holdings: ACYQ 7; HIYY 9
Avg volume (30D): ACYQ 98K sh, better; HIYY 50.8K sh
NAV per share: ACYQ $20.20; HIYY $10.65
52W range

ETF.net Grade

ACYQ as of Oct 28, 2026

Pillar letters and Scores for ACYQ, HIYY, with each pillar’s weight
Pillar	ACYQ	HIYY
Cost30% weight	A99Higher	B59
Mission25% weight	Not scored	A70
Risk15% weight	A96Higher	F20
Tradability15% weight	B55Higher	C45
Holdings10% weight	Not scored	Not scored
Durability5% weight	B66Higher	B63

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. ACYQ and HIYY are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds

See all 71 ›

ACYQ ranks 2nd and HIYY 30th of 71 funds in the Single-Stock Option Income Category.

Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
Rank 3AXXVSimplify Ancorato Target 25 Distribution ETFScore 84
Rank 30CFBYYieldMax META Option Income Strategy ETFScore 53
Rank 30CHIYYYieldMax HIMS Option Income Strategy ETFScore 53
Rank 30CXOMOYieldMax XOM Option Income Strategy ETFScore 53

Our read on each fund

ETF.net Research

ACYQAFT Vest Autocallable Barrier & High Income ETF

HIYYCYieldMax HIMS Option Income Strategy ETF

In short

ACYQ No data

HIYY Turns one volatile telehealth stock into a monthly income stream: HIYY takes synthetic exposure to Hims & Hers and sells calls against it, trading away part of the upside for option premium.

Stated mandate

ACYQ No data

HIYY The Fund seeks current income while providing indirect exposure to Hims & Hers Health Inc.'s share-price returns, generally subject to a limit on potential gains. It primarily uses a synthetic covered call or covered call spread strategy.

Why people hold it

ACYQ No data

HIYY Charges 1.01%, a shade under the typical single-stock option income fund and less than HMYY, the other fund built on the same Hims & Hers exposure.
Pays monthly, with cash generated by writing options rather than by dividends, and the synthetic structure gets the exposure without buying the shares outright.
Actively managed inside a standard 1940 Act ETF wrapper, and it lands in the upper half of a crowded field of single-stock income funds.

Worth knowing

ACYQ No data

HIYY Upside is capped by design, downside is not: the covered call spread limits how much of a Hims & Hers rally you keep while the drops come through.
One stock, one story. Moves here are far wider than a diversified income fund, and the premium collected rises and falls with that volatility.
A 2025 launch with a modest asset base and moderate trading, so spreads can run wider than in the market's biggest income ETFs.

Full ACYQ profile⁠

Full HIYY profile⁠

ACYQ vs HIYY Holdings

As of Oct 28, 2026

How ACYQ and HIYY differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ACYQ and 0.0% of HIYY.

Level by level

Holdings0 in both0.0%

Sector

No Sector split for ACYQ and HIYY.

Country, concentration and asset class

Country by domicile

No country split for ACYQ.

Concentration

Weight in the 10 largest Holdings

ACYQ100.0%
HIYY112.7%

Securities held

ACYQ6
HIYY8

Asset class

ACYQ: Multi-Asset
HIYY: Alternatives

Holdings

Only in ACYQ6
In both0
Only in HIYY8

Only in ACYQ

6 securities, 98.4% of ACYQ by weight

U.S. Treasury Bill, 0%, due 11/27/202633.26%
U.S. Treasury Bill, 0%, due 12/31/202632.26%
U.S. Treasury Bill, 0%, due 10/29/202631.90%
U.S. Treasury Bill, 0%, due 01/28/20270.64%
ACYQ Autocall Derivative JPMorgan0.18%
ACYQ Autocall Derivative BNP0.13%

Only in HIYY

8 securities, 100% of HIYY by weight

United States Treasury Bill 07/08/202735.48%
United States Treasury Note/Bond 2.375% 05/15/202734.48%
United States Treasury Note/Bond 3.375% 09/15/202717.50%
Hims 11/20/2026 27.01 C11.06%
United States Treasury Bill 02/18/20274.39%
First American Government Obligations Fund 12/01/20313.17%
Hims Us 11/06/26 C291.34%
Hims Us 11/06/26 C29.50.92%

Weight gaps

ACYQ and HIYY share no securities.

All 3 ACYQ holdings⁠All HIYY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACYQ vs HIYY Cost

Overpaying HIYY vs ACYQ

$4,368

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ACYQ 0.75%
$14,482
HIYY 1.01%
$18,850

Amount$10,000

Years30 years

Cost over time

ACYQ 0.75%
HIYY 1.01%
Overpaying

Year by year

Year	ACYQ	HIYY	Overpaying
10	$1,336	$1,780	$444
20	$5,078	$6,686	$1,608
30	$14,482	$18,850	$4,368

Expense ratio

0.75%ACYQ, cheaper
1.01%HIYY

ACYQ0.75%HIYY1.01%

0.51%1.91%

Middle half of Single-Stock Option Income funds
Median 1.04%

ACYQ 2nd cheapest of 71 funds

HIYY 25th cheapest of 71 funds

ACYQ vs HIYY Dividends

Last 12 months to Nov 2, 2026

Yield (12M): ACYQ No data; HIYY 146.73%
Payout (12M): ACYQ No data; HIYY $14.39
Last payment: ACYQ $0.39; HIYY $0.14
Ex-dividend: ACYQ Oct 1, 2026; HIYY Oct 29, 2026
Paid on: ACYQ Oct 2, 2026; HIYY Oct 30, 2026
Frequency: ACYQ Monthly; HIYY Weekly

Distribution history

Per share, 2026, same scale for both

ACYQMonthly · 2 paymentsAll ACYQ payments⁠

HIYYWeekly · 44 paymentsAll HIYY payments⁠

ACYQ vs HIYY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ACYQ No dataHIYY 71.9%since Oct 2025
Return per unit of riskSharpe ratio, 3 years: ACYQ No dataHIYY −0.46since Oct 2025
Worst fallMax drawdown, 5 years: ACYQ No dataHIYY −73.8%since Sep 2025
Market sensitivityBeta, 5 years: ACYQ 1.82HIYY 0.07; Market = 1

ACYQ and HIYY in the news

All news⁠

New ETFs
First Trust's new ETF buffers the contracts, not the shares
Oct 8, 2026ACYQ
ETF Filings
First Trust proposes an autocallable ETF that rolls into the most volatile sector
Sep 22, 2026ACYQ

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ACYQ vs HIYY

In short

Stated mandate

Why people hold it

Worth knowing

How ACYQ and HIYY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACYQ

Only in HIYY

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

First Trust's new ETF buffers the contracts, not the shares

First Trust proposes an autocallable ETF that rolls into the most volatile sector

How ACYQ and HIYY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in ACYQ

Only in HIYY

Weight gaps