Data as of .
SMCY vs SMYY: which paid, and which earned it?
SMCY and SMYY both write options for income.
What they hold in common
By the books each fund has filed, SMCY and SMYY hold 36% of their money in the same securities at the same weight.
| Holding | SMCY | SMYY |
|---|---|---|
| TREASURY BILL | 36.16% | 56.84% |
| Only in SMCY | Only in SMYY |
|---|---|
| TREASURY BILL 34.03% | Treasury Bill 43.16% |
| TREASURY BILL 12.00% | |
| TREASURY BILL 11.77% | |
| TREASURY BILL 6.05% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SMCY | SMYY | SMCY | SMYY | SMCY | SMYY | |
| 3 months | +24.8% | −1.6% | 19.9% | 17.8% | −2.7 pts | −29.1 pts |
| 6 months | +61.7% | +1.7% | 47.8% | 38.3% | −28.7 pts | −88.7 pts |
| 1 year | −18.9% | not published | 46.8% | not published | −3.9 pts | not published |
| Since launch | −32.4% | −29.4% | 63.9% | 55.0% | −20.8 pts | −11.0 pts |
| SMCY YieldMax(R) SMCI Option Income Strategy ETF Synthetic covered call on SMCI, paying weekly | SMYY GraniteShares YieldBOOST SMCI ETF Synthetic covered call on SMCI, paying weekly | |
|---|---|---|
| Issuer | YieldMax | GraniteShares |
| Strategy | synthetic covered call | synthetic covered call |
| Benchmark | Super Micro (SMCI) | Super Micro (SMCI) |
| Pays | weekly | weekly |
| Payout rate, annualized | 65.6% | 75.0% |
| Expense ratio | 1.01% | 1.07% |
| Cash paid, 1 year | 46.8% | 55.0% (since launch on Sep 30, 2025) |
| Price change, 1 year | −66.5% | −76.8% |
| Total return, 1 year | −18.9% | −29.4% (since launch on Sep 30, 2025) |
| Benchmark return, 1 year | −14.9% | −18.5% |
| Ahead or behind | −3.9 pts | −11.0 pts |
| Return of capital, latest estimate | 97% | 97% |
| Age | 736 days | 353 days |
| Net assets | $143m | $6m |
SMCY in plain words
Over the year to Sep 18, 2026, SMCY paid 46.8% of its starting value in cash distributions while its price fell 66.5%. With every distribution reinvested, the fund returned −18.9%. Super Micro (SMCI) returned −14.9% over the same days, so a holder was behind by 3.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 65.6%, paid weekly. YieldMax estimates that 97% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
SMYY in plain words
Over the period since launch on Sep 30, 2025 to Sep 18, 2026, SMYY paid 55.0% of its starting value in cash distributions while its price fell 76.8%. With every distribution reinvested, the fund returned −29.4%. Super Micro (SMCI) returned −18.5% over the same days, so a holder was behind by 11.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 75.0%, paid weekly. GraniteShares estimates that 97% 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).
Questions people ask
- Which is cheaper, SMCY or SMYY?
- SMCY charges 1.01% a year and SMYY charges 1.07%, so SMCY 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, SMCY against SMYY, data as of Sep 18, 2026. https://etfiq.com/compare/income/smcy-vs-smyy Free to use with attribution; the underlying files are at Open data.