COYY vs FIAT: which paid, and which earned it?

Over the year FIAT paid 69.4% of its price in cash against COYY’s 43.6%, and returned more with it reinvested. GraniteShares YieldBOOST COIN ETF and YieldMax(R) Short COIN Option Income Strategy ETF.

43.6%
COYY cash paid, 1 year
69.4%
FIAT cash paid, 1 year
−58.8%
COYY total return, 1 year
+23.5%
FIAT total return, 1 year
COYY · 1 year to Sep 30, 202614 pts behind COIN
COYY
−58.8%
COIN
−44.8%

14 pts behind COIN

COYY over 1 year: paid 43.6%, price −86.3%, total −58.8%, COIN −44.8%, −14.0 pts.

COIN

−44.8%

COYY

−58.8%

14 pts behind COIN

Total return, distributions reinvested

14 pts behind COIN

COYY over 1 year: paid 43.6%, price −86.3%, total −58.8%, COIN −44.8%, −14.0 pts.

COIN

−44.8%

COYY

−58.8%

14 pts behind COIN

43.6% of it arrived as cash. Total return, distributions reinvested. COYY over 1 year: paid 43.6%, price −86.3%, total −58.8%, COIN −44.8%, −14.0 pts.

FIAT · 1 year to Sep 30, 202668.2 pts ahead of COIN
FIAT
+23.5%
COIN
−44.8%

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% 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.

ETFIQ Return Stability Score · FIAT scores higherWas the payout funded by returns, or by your own capital?
7.2, the lowest in this set97.2, the highest

A percentile among the 70 income ETFs writing on a single company. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it → How it is computed →

What they hold in common

By the books each fund has filed, COYY and FIAT hold 59% 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

59% in common

Positions both hold, largest shared weight first
Holding COYY FIAT
Treasury Bill 59.06% 83.08%
Only in COYY
Treasury Bill 40.94%
Only in FIAT
TREASURY BILL 15.42%
TREASURY BILL 1.50%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

Total returnCash paidAgainst the benchmark
WindowCOYYFIATCOYYFIATCOYYFIAT
3 months−4.9%−14.6%15.8%15.8%−22.0 pts−31.6 pts
6 months−14.5%−14.7%30.6%29.8%−22.3 pts−22.5 pts
1 year−58.8%+23.5%43.6%69.4%−14.0 pts+68.2 pts
Since launch
COYY Jul 2025 · FIAT Jul 2024
−60.4%−48.4%55.0%64.5%−10.6 pts−33.3 pts

COYY 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

COYY
GraniteShares YieldBOOST COIN ETF · Synthetic covered call on COIN, paying weekly
FIAT
YieldMax(R) Short COIN Option Income Strategy ETF · Short single-stock option income on COIN, paying weekly
Issuer GraniteShares YieldMax
Strategy synthetic covered call short single-stock option income
Benchmark Coinbase (COIN) Coinbase (COIN)
Pays weekly weekly
Payout rate, annualized 65.0% 52.8%
Expense ratio 1.07% 1.05%
Cash paid, 1 year 43.6% 69.4%
Price change, 1 year −86.3% −43.3%
Total return, 1 year −58.8% +23.5%
Benchmark return, 1 year −44.8% −44.8%
Ahead or behind −14.0 pts +68.2 pts
Return of capital, latest estimate 96% 95%
Age 428 days 812 days
Net assets $17m $29m

COYY and FIAT on the same fields, as of Sep 30, 2026. Source: ETFIQ.

COYY in plain words

Over the year to Sep 30, 2026, COYY paid 43.6% of its starting value in cash distributions while its price fell 86.3%. With every distribution reinvested, the fund returned −58.8%. Coinbase (COIN) returned −44.8% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 65.0%, paid weekly. GraniteShares estimates that 96% of the distribution paid Sep 1, 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

Which paid more, COYY or FIAT?
Over the year to Sep 30, 2026, COYY paid 43.6% of its starting price in cash and FIAT paid 69.4%, so FIAT paid more. Cash paid is not the same as money made: the price change matters too.
Which returned more once distributions are counted, COYY or FIAT?
With every distribution reinvested, COYY returned −58.8% and FIAT +23.5% over the year to Sep 30, 2026.
Which is cheaper, COYY or FIAT?
COYY charges 1.07% a year and FIAT charges 1.05%, so FIAT is cheaper. Fees come from each fund's prospectus.
Cite this page

ETFIQ, COYY against FIAT, data as of Sep 30, 2026. https://etfiq.com/compare/income/coyy-vs-fiat

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.