A head-to-head comparison of GraniteShares YieldBOOST TSM ETF and Taiwan Semiconductor Manufacturing Company covering yield, cost, risk, and income potential.
Updated September 30, 2026
No track record yet. TMYY launched within the last six months.
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.
TMYY has lagged TSM over the shared window since Apr 2026, posting a 16.69% total return against 20.63%. TMYY has been the steadier holding, though — annualized volatility of 17.0% against 42.3% for TSM. 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 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
Metric
TMYY
TSM
Forward distribution rate
38.43%
0.84%
Trailing 12-month yield
31.18%
0.75%
30-day SEC yield
0.77%
—
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 current income with secondary exposure to leveraged Taiwan Semiconductor ETFs through a derivatives-based options strategy utilizing the underlying TSM ETF as the reference asset.
Bottom lineWe won't call this one: TMYY 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. TMYY 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. TMYY 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 TMYY.
TMYY (GraniteShares YieldBOOST TSM ETF) is an ETF, while TSM (Taiwan Semiconductor Manufacturing Company) is a stock — their trading structures differ.
TMYY offers the higher yield at 38.43% vs 0.84% for TSM. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
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On a $10,000 investment, TMYY would generate roughly $73.90 cash per distribution, while TSM would produce $21.00 cash per distribution, at current distribution rates.
TMYY yield38.43%
TSM yield0.84%
Cash diff on $10K$52.90
Cost & efficiency
TMYY charges a 1.07% expense ratio — roughly $1,070 over 10 years on $10,000 (simplified, not compounded). TSM is a stock, not a fund, so it charges no expense ratio.
TMYY ER1.07%
Strategy & risk
TMYY tracks Taiwan Semiconductor (TSM) with an options approach, while TSM is a stock.
TMYY beta—
TSM beta1.247
Security details
TMYY is managed by GraniteShares (launched 04/14/2026) with $879,544 in assets. TSM (Taiwan Semiconductor Manufacturing Company) is a stock.
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Frequently asked questions
What is the current distribution rate for TMYY and TSM?
TMYY currently distributes 38.43% and TSM 0.84%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is TMYY or TSM better for dividend income?
It depends on your goals. TMYY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between TMYY and TSM?
TMYY (GraniteShares YieldBOOST TSM ETF) tracks Taiwan Semiconductor (TSM) with an options approach, while TSM (Taiwan Semiconductor Manufacturing Company) is a stock. They are issued by GraniteShares and — respectively.
Can I hold both TMYY and TSM?
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.
Is TMYY or TSM safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — TSM scores 96, TMYY scores 50, so TSM's payout currently looks the more resilient of the two. No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
Which has lower fees, TMYY or TSM?
TMYY charges a 1.07% expense ratio. TSM 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 TMYY vs TSM generate?
At current rates, $10,000 in TMYY would generate roughly $73.90 cash per distribution ($3,843.00 annually). The same in TSM would produce about $21.00 cash per distribution ($84.00 annually).
Which has performed better historically, TMYY or TSM?
TMYY has lagged TSM over the shared window since Apr 2026, posting a 16.69% total return against 20.63%. TMYY has been the steadier holding, though — annualized volatility of 17.0% against 42.3% for TSM. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
Lateral filters that include these funds — browse the full peer set on DividendVision.
TSM is Taiwan Semiconductor Manufacturing Company itself, the underlying semiconductor manufacturer that trades as a stock with a 0.84% quarterly dividend. The core difference is structural: one is a derivative wrapper around the other, designed to extract income through options mechanics rather than organic business cash flows.
TSM: Fits investors seeking direct exposure to Taiwan's dominant semiconductor manufacturer with modest quarterly dividend income, full trading liquidity, and long-term capital appreciation aligned with the underlying business.
Key risks to know
Distribution sustainability at extreme yields:TMYY's 38.43% annualized distribution rate raises a structural question: how much of this payout derives from TSM's 0.84% underlying dividend and capital appreciation versus from option premium or return of capital? Distributions at this level may rely partly on principal drawdown rather than sustainable income sources.
Liquidity and size constraint:TMYY holds only $879,544, creating thin bid-ask spreads, lower trading volume, and elevated transaction costs that may outweigh the income benefit for meaningful position sizes. Swings in implied volatility can materially shift the weekly payout from one week to the next. Taiwan Semiconductor's exposure to geopolitical tensions, semiconductor cycle downturns, and export controls all carry outsized weight in a leveraged single-stock wrapper.
TSM currency and geopolitical exposure:TSM operates primarily in Taiwan and generates revenues across multiple currencies; cross-strait tensions, export regulations, and regional supply-chain disruption create earnings and capital risk that both securities face, though the direct equity holder avoids the added complexity of derivative mechanics layered on top. If you're building long-term exposure to Taiwan's semiconductor leadership with straightforward ownership and stable trading liquidity, TSM provides more conventional access. Past performance, especially TMYY's brief history since inception, does not predict how these income mechanisms will perform through 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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