At a glance
TQQY charges 1.18% a year. It has $6.6M in assets; it paid 51.36% of its price in distributions over the past 12 months, monthly. Over the past year it returned −4.4% with distributions reinvested (S&P 500: +11.5%).
The short version
GraniteShares YieldBOOST QQQ ETF (TQQY) is an actively managed fund that sells put options, contracts that pay it a premium in exchange for bearing losses if prices fall, on a leveraged ETF built to return three times the Nasdaq-100's daily move. It aims to pay weekly and yielded 51.36% over the 12 months to October 27, 2026, but its gains are capped, its losses follow the 3x fund, and it charges 1.18% a year.
Price history
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TQQY -4.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| TQQY price data to Oct 27, 2026 | +5.4% | -4.4% | — | — | — | +0.4% |
- Over the year to Oct 27, 2026, TQQY returned -4.4%.
- The deepest fall in its price history was 25.1% (Feb 26, 2025 to Apr 21, 2025), recovered by Sep 18, 2025.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +5.4% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $4.5800 |
What's inside
As of Jun 30, 2026, the fund held 2 securities; the ten largest made up 43.55% of assets.
| Holding | Weight | |
|---|---|---|
| Treasury Bill Bonds and notes | 30.12% | |
| Treasury Bill Bonds and notes | 13.43% |
By country
United States 43.55%By issuer
US Treasury 43.55%The bonds mature in 0.1 years on average (weighted by size), with an average coupon of 0%.
Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors withdrew a net $2.1M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +10.21%, +6.01%, -2.51%.
How it works
TQQY tracks no index. GraniteShares actively manages it by selling put options on a leveraged ETF designed to return three times the Nasdaq-100's daily move, without owning that ETF; the June 30, 2026 holdings showed puts on TQQQ. Selling a put brings in a premium now in exchange for absorbing any fall below a set "strike" price before the option expires. The prospectus expects options on a 3x fund to pay about three times the premium of index options, the source of its high payouts.
Gains are capped at the premium collected, but the fund bears the leveraged ETF's losses, which the prospectus says would likely be three times the index's. The manager may buy cheaper, lower-strike puts (a "put spread") to limit losses, at a cost to income. Because leveraged ETFs reset daily, their returns over months can differ sharply from three times the index.
The fund aims to pay weekly, passing on premiums even before the options expire, so payouts may be treated as return of capital, meaning part of your own investment handed back. The fund parks its cash in short-term holdings; two Treasury bills made up about 43.6% of net assets as of June 30, 2026. Money market funds and LBOX, a GraniteShares ETF aiming for a bond-like short-term return, are also allowed.
What it really costs
- TQQY charges 1.18% a year.
- Of that, 0.99% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.36% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $120 in the first year and $1,804 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| TQQY | $120 | $451 | $805 | $1,804 |
Structure and tax notes
- Generates much of its income from selling options (directly or through notes). That income is usually taxed as ordinary income rather than as qualified dividends, and the strategy gives up some upside in strong markets.
In a retirement portfolio
It offers very high but variable weekly income from selling puts on a 3x leveraged Nasdaq-100 fund, with capped gains and leveraged downside, so any role would be a small, higher-risk one.
TQQY launched on February 26, 2025, so it has no record from the 2008, 2020 or 2022 downturns and no full calendar year of results. Its deepest drop, 25.1%, ran from launch to April 21, 2025, and took about 4.9 months to recover, by September 18, 2025. Because its losses follow a 3x leveraged Nasdaq-100 fund, a longer slide could cut deeper, and a retiree forced to sell shares in a bad year could lock in losses.
The draw is income: a trailing 12-month yield of 51.36% ($6.05 a share) as of October 27, 2026, and the fund aims to pay weekly. Payouts vary, may partly be your own capital returned, are usually taxed as ordinary income and can wear down the share price. Costs run 1.18% a year. Past results don't predict the future; a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors seeking very high, variable weekly payouts (a 51.36% trailing yield as of October 27, 2026) who accept that part may be return of capital.
- Experienced investors who understand selling puts on a 3x Nasdaq-100 fund and would keep it to a small slice of a portfolio.
- Investors who expect the Nasdaq-100 to hold steady or rise, since the fund keeps its full premium only if TQQQ stays above the strike price.
Look elsewhere if
- Retirees who need steady, predictable income: payouts vary widely from one week to the next, and paying them out can erode the share price.
- Anyone seeking Nasdaq-100 growth: gains are capped at the premium, while losses track a 3x leveraged fund; TQQY fell 25.1% in early 2025.
- Cost-conscious or taxable investors: fees are 1.18% a year, and option income is usually taxed as ordinary income, not as qualified dividends.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
Does TQQY pay weekly dividends?
It aims to. The prospectus says TQQY seeks to pay distributions weekly from the premium it collects selling put options, though there is no guarantee of a payout in any period and amounts are likely to vary greatly. Over the 12 months to October 27, 2026, it paid $6.05 a share, a trailing yield of 51.36%. Part of a payout may be return of capital, and option income is usually taxed as ordinary income rather than as qualified dividends.
Is TQQY's 51% yield too good to be true?
The cash is real, but a yield that high is not the same as profit. TQQY's trailing yield was 51.36% as of October 27, 2026, funded mainly by premiums from selling puts on a 3x leveraged Nasdaq-100 ETF. Its net asset value typically drops by the amount of each payout, and the prospectus warns that repeated distributions may significantly erode its value. It also notes that losses on the leveraged ETF may not be offset by the premium collected.
What's the difference between TQQY and TQQQ?
TQQY does not own TQQQ; it sells put options on it, as its June 30, 2026 holdings show. TQQQ is a leveraged ETF designed to deliver three times the Nasdaq-100's daily return, so it rises and falls sharply. TQQY collects option premiums and pays them out weekly, but its gains are capped at that premium, while it remains exposed to TQQQ's losses. In a strong rally TQQY would lag TQQQ; in a steep fall it would suffer losses, partly cushioned by the premium.
What is TQQY's expense ratio?
TQQY's expense ratio is 1.18% a year, per its prospectus filed October 28, 2026, which includes a 0.99% management fee and reflects a 0.36% fee waiver. In the SEC's standard example ($10,000 invested, 5% annual return, shares sold at the end of each period), total costs come to $120 after one year, $451 after three, $805 after five and $1,804 after ten. The prospectus notes that frequent trading can raise costs further.
Is TQQY good for retirement income?
It is a high-risk way to seek retirement income. TQQY's weekly payouts are large but variable, may include return of capital and can erode the share price, and its losses follow a 3x leveraged Nasdaq-100 fund. It launched in February 2025, so it missed the 2008, 2020 and 2022 downturns; it fell 25.1% from launch to April 21, 2025, and returned -4.4% over the year to October 27, 2026. It is also a small fund, with $6.6 million in net assets as of June 30, 2026.