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Security Comparison

RIOT vs RTYY: Which Is the Better Pick in 2026?

A head-to-head comparison of Riot Platforms Inc. and GraniteShares YieldBOOST RIOT ETF covering yield, cost, risk, and income potential.

Updated September 30, 2026

How these figures are calculated: methodology.

Best for

  • RIOTInvestors who want direct ownership of the underlying business, with no fund wrapper or management fee.
  • RTYYInvestors who want to maximize current income — roughly 97.67%, generated by selling options premium.

Jump to the side-by-side numbers

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.

RIOT has outpaced RTYY over the year to date, posting a 42.30% total return against -9.18%. RTYY has been the steadier holding, though — annualized volatility of 26.9% against 87.7% for RIOT. 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.
SymbolYTD cumulativeSince Dec 2025Volatility Sharpe Sortino Max drawdown
RIOT42.30%32.39%87.7%0.340.50-38.5%
RTYY-9.18%-19.87%26.9%-1.17-1.49-22.4%

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 Dec 2025” measures every fund from December 2, 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 Dec 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 Dec 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

MetricRIOTRTYY
Forward distribution rate—97.67%
Trailing 12-month yield—169.56%
30-day SEC yield—0.58%

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.
MetricRIOTRTYY
Full nameRiot Platforms Inc.GraniteShares YieldBOOST RIOT ETF
Issuer—GraniteShares
Last Close$20.15 as of September 30, 2026$7.90 as of September 30, 2026
Distribution rate—97.67%
Trailing 12-month yield—169.56%
30-day SEC yield—0.58%
Distribution Safety Score™ —49
Safety-Adjusted Yield —47.86%
Expense ratio—1.07%
AUM—$5.24M
Distribution frequencyNoneWeekly
Underlying index—Riot Platforms (RIOT)
Objective—Seeks to provide weekly income through selling near-the-money put spreads on leveraged ETFs linked to Riot Platforms, with built-in risk control through the put spread collar structure.
Asset classEquityEquity
Inception dateN/A12/02/2025
Beta3.8321.191
Last dividend—$0.14841
Ex-dividend date10/12/201709/25/2026

Bottom lineChoose RIOT if you want direct ownership of the underlying business, with no fund wrapper or management fee. Choose RTYY if you want to maximize current income — roughly 97.67%, generated by selling options premium. There's no free lunch: RTYY's payout comes from selling options, which caps upside and can erode the share price over time, while RIOT 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. RTYY 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. RTYY 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.

Income calculator

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

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 RTYY.

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Quick verdict

RIOT (Riot Platforms Inc.) is a stock, while RTYY (GraniteShares YieldBOOST RIOT ETF) is an ETF — their trading structures differ.

RTYY currently shows a 97.67% distribution yield. RIOT 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, RIOT has no reported distribution yield yet, so a cash estimate is not available, while RTYY would produce $187.83 cash per distribution, at current distribution rates.

RIOT yield—
RTYY yield97.67%

Cost & efficiency

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

RTYY ER1.07%

Strategy & risk

RIOT is a stock, while RTYY tracks Riot Platforms (RIOT) with a leverage approach. Beta is 3.832 for RIOT and 1.191 for RTYY, making RTYY the less volatile of the two by this measure.

RIOT beta3.832
RTYY beta1.191

Security details

RIOT (Riot Platforms Inc.) is a stock. RTYY is managed by GraniteShares (launched 12/02/2025) with $5.24M in assets.

RTYY AUM$5.24M

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Frequently asked questions

Which of RIOT or RTYY pays more dividend income?

RTYY currently reports a distribution yield, while RIOT 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 RIOT and RTYY?

RIOT (Riot Platforms Inc.) is a stock, while RTYY (GraniteShares YieldBOOST RIOT ETF) tracks Riot Platforms (RIOT) with a leverage approach. They are issued by — and GraniteShares respectively.

Can I hold both RIOT and RTYY?

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, RIOT or RTYY?

RTYY charges a 1.07% expense ratio. RIOT 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 RIOT vs RTYY generate?

At current rates, RIOT has not established a distribution history yet, so a cash estimate is not available. The same in RTYY would produce about $187.83 cash per distribution ($9,767.00 annually).

Which has performed better historically, RIOT or RTYY?

RIOT has outpaced RTYY over the year to date, posting a 42.30% total return against -9.18%. RTYY has been the steadier holding, though — annualized volatility of 26.9% against 87.7% for RIOT. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.

More comparisons to explore

RIOT vs RTYY — at a glance

Generated September 26, 2026.

Figures quoted in this analysis are from its generation date and may lag the live snapshot table above, which always shows the latest data.

RIOT is the underlying company; RTYY wraps a synthetic income strategy around it. Second, RTYY carries a 1.07% expense ratio and holds only $5.24M in assets, reflecting its nascent launch on 12/02/2025; RIOT as a public operating company has no fund-level fee layer.

Who each is best for

RIOT: Investors willing to tolerate mining-sector and bitcoin-linked volatility in pursuit of long-term enterprise appreciation, with no reliance on current income. Fits those with extended time horizons and conviction about bitcoin adoption or Riot's operational trajectory. Designed for those prioritizing near-term income over principal stability and comfortable monitoring a young, small-AUM options strategy.

Key risks to know

  • NAV erosion at extreme yields. A 97.67% annualized distribution rate on a put-spread strategy is unlikely to reflect underlying earnings or recurring economic value; it signals reliance on synthetic income and capital drawdown. As volatility declines or spreads compress, payout levels are likely to contract, risking steep NAV loss and forcing a reset of investor expectations.
  • Leverage and gap risk. Put spreads on leveraged instruments mean the fund's losses can exceed directional moves in RIOT itself. A sharp gap down in bitcoin or RIOT earnings could exhaust the spread collar's protection and trigger rapid capital depletion.
  • Concentration and early-fund risk. At $5.24M AUM and inception on 12/02/2025, RTYY has minimal trading history and no track record through a market drawdown.
  • RIOT's sector and volatility. RIOT's 3.832 beta reflects extreme swings tied to bitcoin sentiment, mining difficulty, and electricity costs. For RTYY, this underlying volatility determines the spreads available to sell; prolonged rallies may shrink premiums and lower future payouts.

Bottom line

If you want direct ownership of a bitcoin mining operator with no current distributions and full upside capture, RIOT is the direct vehicle. Past performance does not predict future results; options-income funds in their early months cannot demonstrate resilience through full market cycles.

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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These comparisons follow the Dividend Vision methodology.