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Security Comparison

CRWV vs CWY: Which Is the Better Pick in 2026?

A head-to-head comparison of CoreWeave, Inc. and GraniteShares YieldBOOST CRWV ETF covering yield, cost, risk, and income potential.

Updated September 30, 2026

No track record yet. CWY launched within the last six months.

How these figures are calculated: methodology.

Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Total returns

100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.

CRWV has lagged CWY over the shared window since Apr 2026, posting a -25.67% total return against -10.66%. CWY has been the steadier holding, though — annualized volatility of 18.9% against 91.7% for CRWV. Figures are total returns: price change plus every distribution reinvested.

Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
SymbolSince Apr 2026Volatility Sharpe Sortino Max drawdown
CRWV-25.67%91.7%-0.75-1.12-55.9%
CWY-10.66%18.9%-1.52-1.95-19.6%

Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Apr 2026” measures every fund from April 14, 2026 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Apr 2026. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Apr 2026) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.

Distribution rate and SEC yield

MetricCRWVCWY
Forward distribution rate—78.64%
Trailing 12-month yield—48.78%
30-day SEC yield—0.56%

Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.

Side-by-side snapshot

Side-by-side snapshot. Each row is one metric; each column is one fund.
MetricCRWVCWY
Full nameCoreWeave, Inc.GraniteShares YieldBOOST CRWV ETF
Issuer—GraniteShares
Last Close$87.12 as of September 30, 2026$15.43 as of September 30, 2026
Distribution rate—78.64%
Trailing 12-month yield—48.78%
30-day SEC yield—0.56%
Distribution Safety Score™ —50
Expense ratio—1.07%
AUM—$915,868
Distribution frequencyNoneWeekly
Underlying index—CoreWeave (CRWV)
ObjectiveOperates a cloud platform purpose-built for compute-intensive workloads, providing GPU-accelerated infrastructure to AI, machine learning, and high-performance computing customers.Seeks current income with secondary exposure to leveraged CoreWeave ETFs through a derivatives-based options strategy utilizing the underlying CRWV ETF as the reference asset.
Asset classEquityEquity
Inception dateN/A04/14/2026
Beta3.5065—
Last dividend—$0.23327
Ex-dividend date—09/25/2026

Bottom lineWe won't call this one: CWY launched April 2026, so there is not yet a track record to compare. Compare the strategy, cost and holdings in the sections above and treat any performance figures for the newer security as provisional.

How the risk works

Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.

  • Daily leverage reset. CWY targets a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.
  • Capped upside and premium dependence. CWY generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.

Learn the mechanics: Return of capital, explained · NAV erosion, explained · Why daily-reset leverage decays

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Income calculator

See how much monthly income a hypothetical investment would generate in each security at current yields.

GraniteShares
ETFs93
Total AUM$11.8B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

GraniteShares is known for offering specialized ETF strategies that extend beyond traditional equity and bond investing, particularly through structured products and income-focused solutions. The firm manages 48 ETFs organized around distinct fund families including Autocallable products, Commodities, Income strategies, Leveraged exposures, and their YieldBOOST line designed to enhance distributions. GraniteShares targets investors seeking alternative income generation methods and commodity access, with popular tickers like AHD, CRY, and FBL representing their diverse approach to yield enhancement and alternative asset classes.

See our curated list of related YouTube videos on CWY.

See all GraniteShares ETFs

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Quick verdict

CRWV (CoreWeave, Inc.) is a stock, while CWY (GraniteShares YieldBOOST CRWV ETF) is an ETF — their trading structures differ.

CWY currently shows a 78.64% distribution yield. CRWV has not yet established a full distribution history, so a comparable yield figure is not available.

Deep dive

Yield & income

On a $10,000 investment, CRWV has no reported distribution yield yet, so a cash estimate is not available, while CWY would produce $151.23 cash per distribution, at current distribution rates.

CRWV yield—
CWY yield78.64%

Cost & efficiency

CWY charges a 1.07% expense ratio — roughly $1,070 over 10 years on $10,000 (simplified, not compounded). CRWV is a stock, not a fund, so it charges no expense ratio.

CWY ER1.07%

Strategy & risk

CRWV is a stock built around cloud infrastructure exposure, while CWY tracks CoreWeave (CRWV) with an options approach.

CRWV beta3.5065
CWY beta—

Security details

CRWV (CoreWeave, Inc.) is a stock. CWY is managed by GraniteShares (launched 04/14/2026) with $915,868 in assets.

CWY AUM$915,868
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Frequently asked questions

Which of CRWV or CWY pays more dividend income?

CWY currently reports a distribution yield, while CRWV has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between CRWV and CWY?

CRWV (CoreWeave, Inc.) is a stock built around cloud infrastructure exposure, while CWY (GraniteShares YieldBOOST CRWV ETF) tracks CoreWeave (CRWV) with an options approach. They are issued by — and GraniteShares respectively.

Can I hold both CRWV and CWY?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, CRWV or CWY?

CWY charges a 1.07% expense ratio. CRWV is a stock, not a fund, so it has no expense ratio — owning it directly costs nothing in ongoing fund fees.

How much income does $10,000 in CRWV vs CWY generate?

At current rates, CRWV has not established a distribution history yet, so a cash estimate is not available. The same in CWY would produce about $151.23 cash per distribution ($7,864.00 annually).

Which has performed better historically, CRWV or CWY?

CRWV has lagged CWY over the shared window since Apr 2026, posting a -25.67% total return against -10.66%. CWY has been the steadier holding, though — annualized volatility of 18.9% against 91.7% for CRWV. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

CRWV vs CWY — at a glance

Generated September 27, 2026.

Overview

CRWV is a publicly listed stock in cloud infrastructure, operating a GPU-accelerated computing platform for AI and machine learning workloads. The core distinction: CRWV offers equity exposure to the underlying business; CWY trades that equity upside for mechanical income extraction via derivatives.

How they differ

CRWV is a direct equity stake in CoreWeave's operations, while CWY is an options-income strategy layered on top of CRWV. Second, CRWV carries a 3.5065 beta, indicating acute sensitivity to market moves in a young cloud infrastructure business.

Who each is best for

CRWV: Fits investors seeking pure equity exposure to AI and GPU-compute infrastructure and able to tolerate high price swings; the stock has no current income requirement and appeals to growth-oriented allocations accepting the risk of an early-stage, capital-heavy technology operator.

CWY: Designed for investors prioritizing near-term income over capital appreciation and willing to accept the mechanics of options-based payouts, including the possibility of call assignment and the erosion of upside participation; fits portfolios already holding commodity-like or lower-volatility assets and seeking yield from tactical options sales. As calls are exercised or drift deeper in-the-money, upside capture erodes and the fund's net asset value trends downward unless the underlying appreciates sharply enough to offset both the options decay and the 1.07% drag.

  • Assignment and liquidity risk in a micro-cap fund: $915,868 places CWY in micro-cap territory.
  • Volatility exposure in the underlying: CRWV's 3.5065 indicates acute sensitivity to market swings. The options strategy in CWY is designed to harvest this volatility through premiums, but if CRWV gaps or crashes sharply, the fund's call positions may be unable to hedge losses on the underlying shares fast enough, leaving principal exposed.
  • Early-stage business risk: CRWV is a nascent cloud infrastructure operator in a highly competitive, capital-intensive sector. Past performance does not predict future results, and the short history of both securities (CRWV inception 03/28/2025, CWY inception 04/14/2026) means historical patterns are thin.

AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.

Learn the method

The metrics behind this comparison, explained in the Academy.

How covered-call funds work How to read a fund's stats The covered-call opportunity cost

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These comparisons follow the Dividend Vision methodology.