Data as of .
BIOY vs XLBI: which paid, and which earned it?
BIOY and XLBI both write options for income.
What they hold in common
By the books each fund has filed, BIOY and XLBI hold 0% of their money in the same securities at the same weight.
| Only in BIOY | Only in XLBI |
|---|---|
| Treasury Bill 100.00% | STATE STREET MATERIALS SELECT 100.35% |
| SSI US GOV MONEY MARKET CLASS 0.40% | |
| STATE STREET MATERIALS SELECT OCT26 52 CALL -0.75% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| BIOY | XLBI | BIOY | XLBI | BIOY | XLBI | |
| 3 months | +2.5% | −0.7% | 14.1% | 3.3% | −9.0 pts | +2.4 pts |
| 6 months | not published | +11.1% | not published | 7.2% | not published | +3.9 pts |
| 1 year | not published | +8.8% | not published | 14.5% | not published | −3.2 pts |
| Since launch | +2.0% | +12.1% | 20.6% | 16.3% | −15.3 pts | −2.4 pts |
| BIOY GraniteShares YieldBOOST Biotech ETF Synthetic covered call on XBI, paying weekly | XLBI State Street(R) Materials Select Sector SPDR(R) Premium Income ETF Covered call on XLB, paying monthly | |
|---|---|---|
| Issuer | GraniteShares | State Street |
| Strategy | synthetic covered call | covered call |
| Benchmark | Biotech (XBI), used as the proxy | Materials (XLB) |
| Pays | weekly | monthly |
| Payout rate, annualized | 60.0% | 11.5% |
| Expense ratio | 1.07% | 0.35% |
| Cash paid, 1 year | 20.6% (since launch on May 5, 2026) | 14.5% |
| Price change, 1 year | −19.0% | −6.3% |
| Total return, 1 year | +2.0% (since launch on May 5, 2026) | +8.8% |
| Benchmark return, 1 year | +17.3% | +12.0% |
| Ahead or behind | −15.3 pts | −3.2 pts |
| Return of capital, latest estimate | 96% | not published |
| Age | 136 days | 415 days |
| Net assets | $1m | $8m |
BIOY in plain words
Over the period since launch on May 5, 2026 to Sep 18, 2026, BIOY paid 20.6% of its starting value in cash distributions while its price fell 19.0%. With every distribution reinvested, the fund returned +2.0%. Biotech (XBI), used as the proxy returned +17.3% over the same days, so a holder was behind by 15.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 60.0%, paid weekly. GraniteShares estimates that 96% of the distribution paid Aug 25, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
XLBI in plain words
Over the year to Sep 18, 2026, XLBI paid 14.5% of its starting value in cash distributions while its price fell 6.3%. With every distribution reinvested, the fund returned +8.8%. Materials (XLB) returned +12.0% over the same days, so a holder was behind by 3.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 11.5%, paid monthly.
Questions people ask
- Which is cheaper, BIOY or XLBI?
- BIOY charges 1.07% a year and XLBI charges 0.35%, so XLBI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BIOY against XLBI, data as of Sep 18, 2026. https://etfiq.com/compare/income/bioy-vs-xlbi Free to use with attribution; the underlying files are at Open data.