Data as of .
FIYY vs LQDM: which paid, and which earned it?
FIYY and LQDM both write options for income.
What they hold in common
By the books each fund has filed, FIYY and LQDM hold 0% of their money in the same securities at the same weight.
| Only in FIYY | Only in LQDM |
|---|---|
| Treasury Bill 100.00% | iShares iBoxx USD Investment Grade Corporate Bond ETF 100.13% |
| Invesco Government & Agency Portfolio 12/31/2031 0.02% | |
| Cash & Other -0.01% | |
| LQD 09/25/2026 104.7 C -0.14% |
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 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FIYY | LQDM | FIYY | LQDM | FIYY | LQDM | |
| 3 months | +1.7% | −2.0% | 0.6% | 3.0% | +7.0 pts | +0.8 pts |
| Since launch | +0.4% | −2.0% | 1.5% | 3.9% | +3.8 pts | +0.6 pts |
| FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF Synthetic covered call on TLT, paying weekly | LQDM Amplify LQD Investment Grade 12% Target Income ETF Option income on LQD, paying monthly | |
|---|---|---|
| Issuer | GraniteShares | Amplify |
| Strategy | synthetic covered call | option income |
| Benchmark | 20+ year Treasuries (TLT) | US investment grade bonds (LQD) |
| Pays | weekly | monthly |
| Payout rate, annualized | 2.0% | 12.3% |
| Expense ratio | 1.07% | 0.54% |
| Cash paid, 1 year | 1.5% (since launch on May 5, 2026) | 3.9% (since launch on Apr 21, 2026) |
| Price change, 1 year | −1.1% | −5.8% |
| Total return, 1 year | +0.4% (since launch on May 5, 2026) | −2.0% (since launch on Apr 21, 2026) |
| Benchmark return, 1 year | −3.4% | −2.6% |
| Ahead or behind | +3.8 pts | +0.6 pts |
| Return of capital, latest estimate | 79% | not published |
| Age | 136 days | 150 days |
| Net assets | $743,679 | $3m |
FIYY in plain words
Over the period since launch on May 5, 2026 to Sep 18, 2026, FIYY paid 1.5% of its starting value in cash distributions while its price fell 1.1%. With every distribution reinvested, the fund returned +0.4%. 20+ year Treasuries (TLT) returned −3.4% over the same days, so a holder was ahead by 3.8 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 2.0%, paid weekly. GraniteShares estimates that 79% of the distribution paid Jul 7, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
LQDM in plain words
Over the period since launch on Apr 21, 2026 to Sep 18, 2026, LQDM paid 3.9% of its starting value in cash distributions while its price fell 5.8%. With every distribution reinvested, the fund returned −2.0%. US investment grade bonds (LQD) returned −2.6% over the same days, so a holder was ahead by 0.6 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 12.3%, paid monthly.
Questions people ask
- Which is cheaper, FIYY or LQDM?
- FIYY charges 1.07% a year and LQDM charges 0.54%, so LQDM 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, FIYY against LQDM, data as of Sep 18, 2026. https://etfiq.com/compare/income/fiyy-vs-lqdm Free to use with attribution; the underlying files are at Open data.