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IOYYGraniteShares YieldBOOST IONQ ETF

Get incomeNewRanked #1,469 of 1,650 in this goal

Seeks 2x income from selling options on IonQ, Inc. shares via leveraged ETFs.

By Graniteshares · Launched 2025

Annual Cost

1.07%

#5,373 of 5,854 · expensive

Fund Size

$7M

#5,045 of 5,854 · small

Dividend YieldGoal

—

Track Record

9 months

#4,829 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$6,741-32.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 8 holdings = 78.7% of fundconcentrated

Treasury Bill
63.6%
Treasury Bill
19.3%
The Options Clearing CorporationION1250P
5.4%
The Options Clearing CorporationION857P
0.5%
The Options Clearing CorporationION922P
0.3%
The Options Clearing CorporationION997P
-0.9%
The Options Clearing CorporationION927P
-1.0%
The Options Clearing CorporationION1351P
-8.5%

Asset allocation

Cash
101.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
N/A
Max drawdown
-39.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks 2x income from selling options on IonQ, Inc. shares via leveraged ETFs.
Strategy
Actively manages an ETF that sells put options on the Underlying Leveraged ETF to generate weekly distributions, targeting 2x the income from the Underlying Stock. The strategy leverages the expected higher implied volatility of the Underlying Leveraged ETF to enhance premium income.
Inception date
November 3, 2025
Fund family
Graniteshares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04