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Beacon

YSPYGraniteShares YieldBOOST SPY ETF

Get income1y track recordRanked #1,445 of 1,639 in this goal

Seeks to achieve 300% of the income generated from selling options on the S&P 500 Index.

By Graniteshares · Launched 2025

Annual Cost

1.15%

#5,222 of 5,584 · expensive

Fund Size

$17M

#4,482 of 5,584 · small

Dividend YieldGoal

57.05%

Track Record

1 year

#4,201 of 5,584 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,289+22.9%

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

Index tracked

S&P 500 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 35.3% of fund✓ well diversified

Treasury Bill
22.5%
Treasury Bill
16.6%
The Options Clearing CorporationSP20621P
0.0%
The Options Clearing CorporationSP22912P
-3.8%

Asset allocation

Cash
86.7%
Bonds
13.6%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
19.3%Moderate

Year-on-year price swings

Max drawdown
-14.6%Mild

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 to achieve 300% of the income generated from selling options on the S&P 500 Index.
Strategy
Actively managed ETF that generates weekly distributions by selling put options on a leveraged ETF tracking the S&P 500. Utilizes strategies like put spreads for downside protection, while primarily investing in derivatives linked to the leveraged ETF.
Inception date
February 25, 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 2026-06-22