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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 HOYY.
Seeks to provide weekly income through selling near-the-money put spreads on leveraged ETFs linked to Robinhood, with built-in risk control through the put spread collar structure.
Asset class
Equity
Equity
Inception date
07/29/2021
09/30/2025
Beta
2.348
1.7018
Last dividend
—
$0.0870
Ex-dividend date
—
10/03/2025
Most used
Income calculator
See how much monthly income a hypothetical investment would generate in each ETF at current yields.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
HOYY has been the steadier holding, though — annualized volatility of 36.4% against 72.2% for HOOD. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of June 23, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Sep 2025” measures every fund from September 30, 2025 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Sep 2025. 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 Sep 2025) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
HOOD (Robinhood Markets Inc.) is a stock, while HOYY (GraniteShares YieldBOOST HOOD ETF) is an ETF — they take fundamentally different approaches.
HOYY currently shows a 76.87% distribution yield. HOOD 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, HOOD has no reported distribution yield yet, so a monthly income estimate is not available, while HOYY would produce $640.58/month, at current distribution rates.
HOOD yield—
HOYY yield76.87%
Cost & efficiency
Over 10 years on $10,000, HOOD would cost approximately $0 in fees vs $1,070 for HOYY (simplified, not compounded). The $1,070.00 difference may be offset by yield or performance.
HOOD ER—
HOYY ER1.07%
Strategy & risk
HOOD is a stock, while HOYY tracks Robinhood (HOOD) with a leverage approach. Beta is 2.348 for HOOD and 1.7018 for HOYY, indicating HOYY is less volatile relative to the market.
HOOD beta2.348
HOYY beta1.7018
Fund details
HOOD is managed by — (launched 07/29/2021) with — in assets. HOYY is managed by GraniteShares (launched 09/30/2025) with $8.36M in assets.
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Frequently asked questions
Which of HOOD or HOYY pays more dividend income?
HOYY currently reports a distribution yield, while HOOD 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 HOOD and HOYY?
HOOD (Robinhood Markets Inc.) is a stock, while HOYY (GraniteShares YieldBOOST HOOD ETF) tracks Robinhood (HOOD) with a leverage approach. They are issued by — and GraniteShares respectively.
Can I hold both HOOD and HOYY?
Yes. Many income investors hold both to diversify across different strategies and underlying indexes. This can reduce concentration risk while maintaining a strong income stream.
Which has lower fees, HOOD or HOYY?
HOOD has an expense ratio of — while HOYY charges 1.07%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in HOOD vs HOYY generate?
At current rates, HOOD has not established a distribution history yet, so a monthly income estimate is not available. The same in HOYY would produce about $640.58 per month ($7,687.00 annually).
Which has performed better historically, HOOD or HOYY?
HOYY has been the steadier holding, though — annualized volatility of 36.4% against 72.2% for HOOD. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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