Data as of .
FIYY vs TLTW: which paid, and which earned it?
FIYY and TLTW both write options for income.
What they hold in common
By the books each fund has filed, FIYY and TLTW hold 0% of their money in the same securities at the same weight.
| Only in FIYY | Only in TLTW |
|---|---|
| Treasury Bill 100.00% | TREASURY BOND 4.56% |
| TREASURY BOND 4.33% | |
| TREASURY BOND 4.23% | |
| TREASURY BOND (2OLD) 4.18% | |
| TREASURY BOND 4.09% | |
| TREASURY BOND (OLD) 4.07% | |
| TREASURY BOND 4.03% | |
| TREASURY BOND 3.99% |
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 | |||
|---|---|---|---|---|---|---|
| FIYY | TLTW | FIYY | TLTW | FIYY | TLTW | |
| 3 months | +1.7% | −4.3% | 0.6% | 1.9% | +7.0 pts | +0.9 pts |
| 6 months | not published | −1.6% | not published | 4.3% | not published | +1.5 pts |
| 1 year | not published | −0.5% | not published | 9.6% | not published | +4.2 pts |
| 3 years | not published | +5.2% | not published | 33.6% | not published | +5.8 pts |
| Since launch | +0.4% | −4.0% | 1.5% | 41.3% | +3.8 pts | +11.4 pts |
| FIYY GraniteShares YieldBOOST 20Y+ Treasuries ETF Synthetic covered call on TLT, paying weekly | TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF Covered call on TLT, paying monthly | |
|---|---|---|
| Issuer | GraniteShares | iShares |
| Strategy | synthetic covered call | covered call |
| Benchmark | 20+ year Treasuries (TLT) | 20+ Year Treasury (TLT) |
| Pays | weekly | monthly |
| Payout rate, annualized | 2.0% | 7.5% |
| Expense ratio | 1.07% | 0.35% |
| Cash paid, 1 year | 1.5% (since launch on May 5, 2026) | 9.6% |
| Price change, 1 year | −1.1% | −9.9% |
| Total return, 1 year | +0.4% (since launch on May 5, 2026) | −0.5% |
| Benchmark return, 1 year | −3.4% | −4.7% |
| Ahead or behind | +3.8 pts | +4.2 pts |
| Return of capital, latest estimate | 79% | not published |
| Age | 136 days | 1488 days |
| Net assets | $743,679 | $1.8bn |
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).
TLTW in plain words
Over the year to Sep 18, 2026, TLTW paid 9.6% of its starting value in cash distributions while its price fell 9.9%. With every distribution reinvested, the fund returned −0.5%. 20+ Year Treasury (TLT) returned −4.7% over the same days, so a holder was ahead by 4.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 7.5%, paid monthly.
Questions people ask
- Which is cheaper, FIYY or TLTW?
- FIYY charges 1.07% a year and TLTW charges 0.35%, so TLTW 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 TLTW, data as of Sep 18, 2026. https://etfiq.com/compare/income/fiyy-vs-tltw Free to use with attribution; the underlying files are at Open data.