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.
SMCI has outpaced SMYY over the year to date, posting a 32.66% total return against -7.69%. SMYY has been the steadier holding, though — annualized volatility of 28.9% against 95.4% for SMCI. 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
SMCI
SMYY
Forward distribution rate
—
75.85%
Trailing 12-month yield
—
237.88%
30-day SEC yield
—
1.10%
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.
Develops and manufactures high-performance server and storage solutions based on modular and open architecture. Specializes in AI, cloud, and edge computing infrastructure with energy-efficient designs.
Seeks to provide weekly income through selling near-the-money put spreads on leveraged ETFs linked to Super Micro Computer, with built-in risk control through the put spread collar structure.
Bottom lineChoose SMCI if you want direct ownership of the underlying business, with no fund wrapper or management fee. Choose SMYY if you want to maximize current income — roughly 75.85%, generated by selling options premium. There's no free lunch: SMYY's payout comes from selling options, which caps upside and can erode the share price over time, while SMCI 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. SMYY 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. SMYY 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 SMYY.
SMCI (Super Micro Computer, Inc.) is a stock, while SMYY (GraniteShares YieldBOOST SMCI ETF) is an ETF — their trading structures differ.
SMYY currently shows a 75.85% distribution yield. SMCI 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, SMCI has no reported distribution yield yet, so a cash estimate is not available, while SMYY would produce $145.87 cash per distribution, at current distribution rates.
SMCI yield—
SMYY yield75.85%
Cost & efficiency
SMYY charges a 1.07% expense ratio — roughly $1,070 over 10 years on $10,000 (simplified, not compounded). SMCI is a stock, not a fund, so it charges no expense ratio.
SMYY ER1.07%
Strategy & risk
SMCI is a stock built around AI servers exposure, while SMYY tracks Super Micro Computer (SMCI) with a leverage approach. Beta is 1.996 for SMCI and 1.196 for SMYY, making SMYY the less volatile of the two by this measure.
SMCI beta1.996
SMYY beta1.196
Security details
SMCI (Super Micro Computer, Inc.) is a stock. SMYY is managed by GraniteShares (launched 09/30/2025) with $5.96M in assets.
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Frequently asked questions
Which of SMCI or SMYY pays more dividend income?
SMYY currently reports a distribution yield, while SMCI 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 SMCI and SMYY?
SMCI (Super Micro Computer, Inc.) is a stock built around AI servers exposure, while SMYY (GraniteShares YieldBOOST SMCI ETF) tracks Super Micro Computer (SMCI) with a leverage approach. They are issued by — and GraniteShares respectively.
Can I hold both SMCI and SMYY?
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, SMCI or SMYY?
SMYY charges a 1.07% expense ratio. SMCI 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 SMCI vs SMYY generate?
At current rates, SMCI has not established a distribution history yet, so a cash estimate is not available. The same in SMYY would produce about $145.87 cash per distribution ($7,585.00 annually).
Which has performed better historically, SMCI or SMYY?
SMCI has outpaced SMYY over the year to date, posting a 32.66% total return against -7.69%. SMYY has been the steadier holding, though — annualized volatility of 28.9% against 95.4% for SMCI. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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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
SMCI is a stock in Super Micro Computer, a manufacturer of AI and cloud infrastructure hardware.
How they differ
SMCI is a non-dividend-paying equity; SMYY is an options-based income vehicle. Second, volatility exposure differs materially — SMCI carries a 1.996 beta, meaning it typically moves twice as fast as the broad market; SMYY's 1.196 beta is lower, a function of the put spread collar structure dampening tail risk.
Who each is best for
SMCI: Fits investors with high risk tolerance who believe in the long-term secular demand for AI-infrastructure hardware and are willing to forgo current income in exchange for potential capital appreciation in a volatile, beta-heavy stock.
Key risks to know
NAV erosion at extreme distribution yields.SMYY's 75.85% annualized distribution rate is extraordinarily high for an equity strategy. Yields this far above underlying earnings or price appreciation suggest significant reliance on option premium decay and possible return-of-capital treatment, which will likely erode net asset value over time.
Options assignment and leverage risk.SMYY sells put spreads, creating assignment risk if SMCI falls sharply. The strategy uses leverage to amplify income, which magnifies losses in downturns. A sustained decline in SMCI could trigger margin calls or forced liquidation of positions.
SMCI concentration and high beta. Both securities are entirely exposed to a single company in a cyclical, volatile sector. SMCI's 1.996 makes it highly sensitive to market swings and tech-sector sentiment. SMYY is exposed to the same concentration and beta risk, mitigated only by the put spread structure.
Very young ETF with thin assets.SMYY launched 09/30/2025 and holds only $5.96M in AUM.
Bottom line
If you want direct ownership of SMCI's hardware business and can tolerate high volatility in exchange for potential appreciation, SMCI offers straightforward equity exposure. Past performance does not predict future results; the high yield on SMYY is not a promise of sustainable returns.
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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