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.
HOOD has outpaced HOYY over the year to date, posting a -2.35% total return against -30.84%. HOYY has been the steadier holding, though — annualized volatility of 32.4% against 71.6% for HOOD. 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.
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 Sep 2025” measures every fund from September 30, 2025 — 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 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.
Distribution rate and SEC yield
Metric
HOOD
HOYY
Forward distribution rate
—
79.15%
Trailing 12-month yield
—
264.47%
30-day SEC yield
—
0.63%
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.
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.
Bottom lineChoose HOOD if you want direct ownership of the underlying business, with no fund wrapper or management fee. Choose HOYY if you want to maximize current income — roughly 79.15%, generated by selling options premium. There's no free lunch: HOYY's payout comes from selling options, which caps upside and can erode the share price over time, while HOOD keeps full price exposure.
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. HOYY 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. HOYY 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.
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 HOYY.
HOOD (Robinhood Markets Inc.) is a stock, while HOYY (GraniteShares YieldBOOST HOOD ETF) is an ETF — their trading structures differ.
HOYY currently shows a 79.15% distribution yield. HOOD has not yet established a full distribution history, so a comparable yield figure is not available.
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On a $10,000 investment, HOOD has no reported distribution yield yet, so a cash estimate is not available, while HOYY would produce $152.21 cash per distribution, at current distribution rates.
HOOD yield—
HOYY yield79.15%
Cost & efficiency
HOYY charges a 1.07% expense ratio — roughly $1,070 over 10 years on $10,000 (simplified, not compounded). HOOD is a stock, not a fund, so it charges no expense ratio.
HOYY ER1.07%
Strategy & risk
HOOD is a stock built around financials exposure, while HOYY tracks Robinhood (HOOD) with a leverage approach. Beta is 2.34 for HOOD and 1.7018 for HOYY, making HOYY the less volatile of the two by this measure.
HOOD beta2.34
HOYY beta1.7018
Security details
HOOD (Robinhood Markets Inc.) is a stock. HOYY is managed by GraniteShares (launched 09/30/2025) with $6.74M 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 built around financials exposure, 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 — 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, HOOD or HOYY?
HOYY charges a 1.07% expense ratio. HOOD 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 HOOD vs HOYY generate?
At current rates, HOOD has not established a distribution history yet, so a cash estimate is not available. The same in HOYY would produce about $152.21 cash per distribution ($7,915.00 annually).
Which has performed better historically, HOOD or HOYY?
HOOD has outpaced HOYY over the year to date, posting a -2.35% total return against -30.84%. HOYY has been the steadier holding, though — annualized volatility of 32.4% against 71.6% for HOOD. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.
Overview
HOOD is Robinhood Markets Inc., the brokerage-technology stock itself, listed since July 2021 with a beta of 2.34. HOOD itself pays no dividend. HOYY's reported beta of 1.7018 is lower than HOOD's 2.34, likely reflecting the collar's dampening effect.
Who each is best for
HOOD: Investors seeking direct participation in Robinhood's business performance and earnings growth, with a high tolerance for equity volatility and no immediate income requirement. Suits a multi-year horizon focused on capital appreciation.
HOYY: Investors prioritizing regular cash flow over principal growth, comfortable with NAV erosion as the price of weekly distributions, and willing to accept the complexity of a covered-income structure. Fits those viewing the position as a tactical income source rather than a core long-term holding.
Key risks to know
Synthetic-income NAV decay: A 79.15% annualized yield on a fund with limited underlying capital appreciation is mathematically likely to erode share price over time. Principal decay funds this payout.
Put spread collar mechanics: If HOOD rallies sharply above the call strike, HOYY's upside is capped; if HOOD falls below the put strike, losses accelerate. Assignment and roll timing directly affect realized returns. Any adverse event affecting HOOD—regulatory action, competitive pressure, trading disruption—cascades directly into both securities, with HOYY's illiquidity amplifying downside liquidity risk.
Options expiration and reinvestment timing: Weekly distributions force repeated cash reinvestment decisions. Reinvested cash may purchase shares at elevated prices if timing coincides with market strength. Bid-ask spreads and execution slippage may be wide, especially for round-lot or larger orders. Past performance does not predict future results, and options-income funds' sustainability depends heavily on implied volatility levels and assignment patterns—both of which can shift sharply.
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.
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