PAYR vs YBTY: Grades, Fees and Holdings Compared

Federated Hermes Enhanced Income ETF

PAYRACboe

GraniteShares YieldBoost TopYielders ETF

YBTYFNasdaq

Overlap

0.0%by weight

Expense ratio

PAYR −1.24pt a year

PAYR0.40%YBTY1.64%

Avg volume · 30D

PAYR 3.9×the volume

PAYR18.1KYBTY4.66K

PAYR vs YBTY Performance

Dec 31, 2025 – Oct 30, 2026

+20.0%PAYR−30.2%YBTY

Expense ratio: PAYR 0.40%, better; YBTY 1.64%
Fund size: PAYR $91M; YBTY $1M
1Y total return: PAYR +25.2%; YBTY No data
Holdings: PAYR 58; YBTY 9
Avg volume (30D): PAYR 18.1K sh, better; YBTY 4.66K sh
NAV per share: PAYR $56.43; YBTY $9.21
52W range

ETF.net Grade

Pillar letters and Scores for PAYR, YBTY, with each pillar’s weight
Pillar	PAYR	YBTY
Cost30% weight	A92Higher	F0
Mission25% weight	Not scored	Not scored
Risk15% weight	A75Higher	F14
Tradability15% weight	B56Higher	D27
Holdings10% weight	A73Higher	D32
Durability5% weight	B55Higher	D29

Rank among Active Option Income funds

How we build Categories ›

Same Category. PAYR and YBTY are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds

See all 50 ›

PAYR ranks 4th and YBTY 46th of 50 funds in the Active Option Income Category.

Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
Rank 2AYLDEFranklin ClearBridge Enhanced Income ETFScore 80
Rank 4APAYRFederated Hermes Enhanced Income ETFScore 76
Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 76
Rank 45FULTIREX IncomeMax Option Strategy ETFScore 17
Rank 46FYBTYGraniteShares YieldBoost TopYielders ETFScore 14
Rank 47FISBGIncomeSTKd 1x Bitcoin & 1x Gold Premium ETFScore 11
EXPNNot yet graded
GEEQNot yet graded
PCOVNot yet graded

Our read on each fund

ETF.net Research

PAYRAFederated Hermes Enhanced Income ETF

YBTYFGraniteShares YieldBoost TopYielders ETF

In short

PAYR No data

YBTY A fund of funds that rotates through GraniteShares' YieldBOOST ETFs, each selling put spreads on 2x single-stock ETFs to harvest fat option premiums. One ticker, weekly payouts, and all the volatility that comes with the source material.

Stated mandate

PAYR No data

YBTY YBTY seeks current income as its primary objective and secondary exposure to selected YieldBOOSTTM ETFs. It is actively managed and selects those ETFs using factors including implied volatility, issuer events, and option-market characteristics of the underlying stocks.

Why people hold it

PAYR No data

YBTY One ticket to the whole YieldBOOST lineup: the manager rotates between those funds using implied volatility, upcoming issuer events and option-market signals.graniteshares.com
The underlying funds sell near-the-money puts on leveraged single-stock ETFs and buy cheaper puts further out, so premiums run rich while the option leg's loss has a floor.graniteshares.com
YBTY is not itself leveraged. It rents the richer option premiums that 2x ETFs throw off, and distributions land weekly rather than monthly or quarterly.graniteshares.com graniteshares.com 2

Worth knowing

PAYR No data

YBTY At 1.38% it sits among the priciest in its peer group (PAPI charges 0.29%, DIVO 0.56%), and the underlying YieldBOOST funds' fees stack on top of that.graniteshares.com
Distributions can include return of capital, which is principal handed back rather than income the strategy earned.graniteshares.com
Launched December 2025, non-diversified, small and thinly traded, so spreads can be wide and there is little history to judge the strategy by.graniteshares.com

Full PAYR profile⁠

Full YBTY profile⁠

PAYR vs YBTY Holdings

How PAYR and YBTY differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PAYR and 0.0% of YBTY.

Level by level

Asset classEquity, Alternatives0.0%
Holdings0 in both0.0%
Sector11 Sectors16.5%
Countryby domicile77.6%

Sector

Sector weights in PAYR and YBTY, widest gap first
Sector	More in PAYRMore in YBTY	PAYR	YBTY
Financials	YBTY +83.5 points	16.5%	100.0%
Utilities	PAYR +16.4 points	16.4%	0.0%
Consumer Staples	PAYR +15.6 points	15.6%	0.0%
Energy	PAYR +12.0 points	12.0%	0.0%
Health Care	PAYR +11.7 points	11.7%	0.0%
Real Estate	PAYR +10.1 points	10.1%	0.0%
Technology	PAYR +7.5 points	7.5%	0.0%
Consumer Discretionary	PAYR +5.2 points	5.2%	0.0%
Communication	PAYR +4.0 points	4.0%	0.0%
Industrials	PAYR +0.9 points	0.9%	0.0%
Materials	PAYR +0.1 points	0.1%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PAYR and YBTY, widest gap first
Country	More in PAYRMore in YBTY	PAYR	YBTY
United States	YBTY +22.4 points	77.6%	100.0%
United Kingdom	PAYR +8.1 points	8.1%	0.0%
France	PAYR +6.6 points	6.6%	0.0%
Canada	PAYR +5.1 points	5.0%	0.0%
Germany	PAYR +2.6 points	2.6%	0.0%
Switzerland	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

PAYR32.9%
YBTY100.0%

Securities held

PAYR54
YBTY8

Asset class

PAYR: Equity
YBTY: Alternatives

Holdings

Only in PAYR54
In both0
Only in YBTY8

Only in PAYR

54 securities, 100% of PAYR by weight

Us Bancorp4.01%
Paychex Inc3.80%
Totalenergies SE3.57%
British American Tob-Sp A3.38%
Medtronic PLC3.31%
Verizon Communications In3.18%
Sanofi-Adr2.96%
Pfizer Inc2.95%
Enbridge Inc2.93%
Regions Financial Corp2.85%
Kimco Realty Corp2.77%
Wec Energy Group Inc2.68%
Firstenergy Corp2.68%
Cme Group Inc2.60%
Pnc Financial Services Gr2.57%
Prologis Inc2.54%
Pepsico Inc2.52%
Chevron Corp2.46%
Amcor PLC2.42%
National Grid Plc-Sp Adr2.34%
Mondelez International In2.21%
Ppl Corp2.21%
American Tower Corp2.20%
Philip Morris Internation2.20%
Evergy Inc2.19%
Kimberly-Clark Corp2.18%
Tc Energy Corp2.14%
Duke Energy Corp1.94%
Muenchener Rueck-Unspon A1.64%
Treasury Bill Dn 12/261.61%
Altria Group Inc1.39%
Nnn Reit Inc1.33%
Best Buy Co Inc1.31%
Darden Restaurants Inc1.29%
Amdocs Ltd1.28%
Hershey Co/The1.20%
AbbVie Inc1.18%
Accenture Plc-Cl A1.13%
Truist Financial Corp1.09%
Federated Govt Obli Fd-Pr0.99%
Allianz SE - Unsp Adr0.98%
Xcel Energy Inc0.97%
Oneok Inc0.89%
Treasury Bill Dn 1/270.87%
Brixmor Property Group In0.87%
Cms Energy Corp0.87%
Southern Co/The0.81%
Treasury Bill Dn 11/260.80%
Mccormick & Co-Non Vtg Sh0.69%
Watsco Inc0.57%

Only in YBTY

8 securities, 95.1% of YBTY by weight

Graniteshares Yieldboost Smci Etf13.00%
Graniteshares Yieldboost Mu Etf12.64%
Graniteshares Yieldboost Ionq Etf11.93%
Graniteshares Yieldboost Hood Etf11.92%
Graniteshares Yieldboost Rgti Etf11.84%
Graniteshares Yieldboost Qbts Etf11.65%
Graniteshares Yieldboost Coin Etf11.32%
Graniteshares Yieldboost Riot Etf10.80%

Weight gaps

PAYR and YBTY share no securities.

All 52 PAYR holdings⁠All 6 YBTY 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.

PAYR vs YBTY Cost

Overpaying YBTY vs PAYR

$20,139

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

PAYR 0.40%
$8,090
YBTY 1.64%
$28,229

Amount$10,000

Years30 years

Cost over time

PAYR 0.40%
YBTY 1.64%
Overpaying

Year by year

Year	PAYR	YBTY	Overpaying
10	$723	$2,815	$2,092
20	$2,793	$10,284	$7,491
30	$8,090	$28,229	$20,139

Expense ratio

0.40%PAYR, cheaper
1.64%YBTY

PAYR0.40%YBTY1.64%

0.30%1.64%

Middle half of Active Option Income funds
Median 0.95%

PAYR 5th cheapest of 50 funds

YBTY 50th cheapest of 50 funds

PAYR vs YBTY Dividends

Last 12 months to Oct 30, 2026

Last payment: PAYR $0.29; YBTY $0.09
Ex-dividend: PAYR Oct 30, 2026; YBTY Oct 26, 2026
Paid on: PAYR Pays Nov 2, 2026; YBTY Oct 28, 2026
Frequency: PAYR Monthly; YBTY Weekly

Distribution history

Per share, 2026, same scale for both

PAYRMonthly · 10 paymentsAll PAYR payments⁠

YBTYWeekly · 43 paymentsAll YBTY payments⁠

PAYR vs YBTY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PAYR 14.6%since Nov 2025YBTY No data
Return per unit of riskSharpe ratio, 3 years: PAYR 1.36since Nov 2025YBTY No data
Worst fallMax drawdown, 5 years: PAYR −7.0%since Oct 2025YBTY No data
Market sensitivityBeta, 5 years: PAYR 0.01YBTY 0.78; Market = 1

PAYR and YBTY in the news

All news⁠

Income Watch
A 62% larger HOOY check still left holders down 6.1%
Sep 13, 2026YBTY

Popular comparisons

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Category

PAYR vs YBTY

In short

Stated mandate

Why people hold it

Worth knowing

How PAYR and YBTY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PAYR

Only in YBTY

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

A 62% larger HOOY check still left holders down 6.1%

How PAYR and YBTY differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in PAYR

Only in YBTY

Weight gaps