ATC vs FIAT: which paid, and which earned it?
ATC and FIAT both write options for income. GraniteShares Autocallable COIN ETF and YieldMax(R) Short COIN Option Income Strategy ETF.
25 pts ahead of COIN
ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 pts.
COIN
−10.2%
ATC
+14.8%
10.8% cash
25 pts ahead of COIN
Total return, distributions reinvested
25 pts ahead of COIN
ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 pts.
COIN
−10.2%
ATC
+14.8%
25 pts ahead of COIN
10.8% of it arrived as cash. Total return, distributions reinvested. ATC since launch: paid 10.8%, price +1.9%, total +14.8%, COIN −10.2%, +25.0 pts.
68.2 pts ahead of COIN
FIAT over 1 year: paid 69.4%, price −43.3%, total +23.5%, COIN −44.8%, +68.2 pts.
COIN
−44.8%
FIAT
+23.5%
69.4% of it arrived as cash
68.2 pts ahead of COIN
Total return, distributions reinvested
68.2 pts ahead of COIN
FIAT over 1 year: paid 69.4%, price −43.3%, total +23.5%, COIN −44.8%, +68.2 pts.
COIN
−44.8%
FIAT
+23.5%
68.2 pts ahead of COIN
69.4% of it arrived as cash. Both charts share one scale, 0 to +23.5%. FIAT over 1 year: paid 69.4%, price −43.3%, total +23.5%, COIN −44.8%, +68.2 pts.
What they hold in common
By the books each fund has filed, ATC and FIAT hold 83% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jul 31, 2026 and Jun 30, 2026.
half
83% in common
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.
Performance, window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | ATC | FIAT | ATC | FIAT | ATC | FIAT |
| 3 months | +23.3% | −14.6% | 6.2% | 15.8% | +6.2 pts | −31.6 pts |
| 6 months | not published | −14.7% | not published | 29.8% | not published | −22.5 pts |
| 1 year | not published | +23.5% | not published | 69.4% | not published | +68.2 pts |
| Since launch ATC May 2026 · FIAT Jul 2024 | +14.8% | −48.4% | 10.8% | 64.5% | +25.0 pts | −33.3 pts |
ATC and FIAT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →
On the same fields
ATC and FIAT on the same fields, as of Sep 30, 2026. Source: ETFIQ.
ATC in plain words
Over the period since launch on May 12, 2026 to Sep 30, 2026, ATC paid 10.8% of its starting value in cash distributions while its price rose 1.9%. With every distribution reinvested, the fund returned +14.8%. Coinbase (COIN) returned −10.2% over the same days, so a holder was ahead by 25.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 36.1%, paid monthly. GraniteShares estimates that 2% of the distribution paid Aug 14, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
FIAT in plain words
Over the year to Sep 30, 2026, FIAT paid 69.4% of its starting value in cash distributions while its price fell 43.3%. With every distribution reinvested, the fund returned +23.5%. Coinbase (COIN) returned −44.8% over the same days, so a holder was ahead by 68.2 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 52.8%, paid weekly. YieldMax estimates that 95% of the distribution paid Oct 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.
ETFIQ, ATC against FIAT, data as of Sep 30, 2026. https://etfiq.com/compare/income/atc-vs-fiat
Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.
Cite this page. ETFIQ, ATC against FIAT, data as of Sep 30, 2026. https://etfiq.com/compare/income/atc-vs-fiat Free to use with attribution; the underlying files are at Open data.
Other forms
- Plain
- ETFIQ, ATC against FIAT, data as of Sep 30, 2026. https://etfiq.com/compare/income/atc-vs-fiat
- APA
- ETFIQ. (Sep 30, 2026). ATC against FIAT. Retrieved from https://etfiq.com/compare/income/atc-vs-fiat
- Markdown
- [ATC against FIAT (ETFIQ, Sep 30, 2026)](https://etfiq.com/compare/income/atc-vs-fiat)