At a glance
TSYY charges 1.11% a year. It has $78.7M in assets; it paid 156.79% of its price in distributions over the past 12 months, monthly. Over the past year it returned −24.4% with distributions reinvested.
The short version
GraniteShares YieldBOOST TSLA ETF (TSYY) is an actively managed fund. It sells put options on ETFs built to deliver twice Tesla's daily stock move, and it holds mostly Treasury bills as collateral. It aims to pay income every week, and its trailing 12-month yield was 156.79% as of October 27, 2026. But its gains are capped, its losses can run about twice Tesla's, and it costs 1.11% a year.
Price history
The interactive chart needs JavaScript.
TSYY -24.4% 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 | |
|---|---|---|---|---|---|---|
| TSYY price data to Oct 27, 2026 | -17.4% | -24.4% | — | — | — | -17.8% |
- Over the year to Oct 27, 2026, TSYY returned -24.4%.
- Its worst full calendar year was 2025 (-15.8%); its best was 2025 (-15.8%).
- The deepest fall in its price history was 43.1% (Feb 19, 2025 to Jul 29, 2026), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -17.4% |
| 2025 | -15.8% |
| 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) | $18.5100 | |
| 2025 | $113.9200 |
What's inside
As of Jun 30, 2026, most of the fund sat in cash, Treasury bills and money-market holdings (0% of net assets), with its exposure coming from 6 swap and futures positions rather than from owning the stocks outright.
| Holding | Weight | |
|---|---|---|
| Treasury Bill Bonds and notes | 57.07% | |
| Treasury Bill Bonds and notes | 25.75% |
By country
United States 82.83%By issuer
US Treasury 82.83%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 $52.9M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -2.48%, +2.57%, +694.09%.
How it works
TSYY does not track an index. GraniteShares' managers sell put options on leveraged ETFs that seek 2 times Tesla's daily return. A put option is a contract: the buyer pays the fund a fee, called a premium, and in return the fund agrees to buy shares at a set price. As of June 30, 2026, the fund's puts were on TSLL and TSLR. Those ETFs swing about twice as much as Tesla, so their options should pay about twice the premium. The prospectus says that isn't guaranteed.
The puts are sold in the money, so the most the fund can gain is the premium it collects. If the leveraged ETF falls, the fund takes the loss, which would likely be about twice Tesla's drop. The managers may add a put spread, buying a cheaper put to limit losses. That offers some protection but cuts income. The leveraged ETFs reset every day, so over longer periods their returns can drift well away from 2 times Tesla's.
Most of the rest is collateral. Two US Treasury bills made up 82.83% of assets as of June 30, 2026, with an average maturity of about 0.1 years, so interest-rate moves matter little. The fund pays out premium weekly, sometimes before the options expire. Payouts vary, may be return of capital, and can wear down the share price over time.
What it really costs
- TSYY charges 1.11% a year.
- Of that, 0.99% is the management fee; the rest covers other fund expenses.
- The fee includes a 0.02% waiver from the adviser, which may end.
- Using the prospectus's standard example, $10,000 invested would cost about $113 in the first year and $1,373 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| TSYY | $113 | $357 | $620 | $1,373 |
Structure and tax notes
- Resets its exposure every day. Over periods longer than a day, compounding means returns can differ sharply from 2× the index — usually worse in choppy markets. Built for short-term trading, not buy-and-hold.
- 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.
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
TSYY sells put options on ETFs that reset daily to deliver twice Tesla's daily return, so it takes on leveraged single-stock losses while its gains are capped at the option premium it collects.
TSYY launched on December 18, 2024, so it has no record in the 2008, 2020 or 2022 downturns. It lost 15.8% in 2025, its only full year, and 17.4% in 2026 through October 27. Its deepest drop was 43.1%, from February 19, 2025 to July 29, 2026, and it had not recovered as of October 27, 2026. A retiree selling shares in that stretch would have locked in heavy losses.
The trailing 12-month yield was 156.79% as of October 27, 2026, and the fund aims to pay weekly. Payouts can swing widely, may be partly return of capital (investors' own money handed back) and can wear down the share price. The 1.11% expense ratio comes to $113 in year one and $1,373 over 10 years on $10,000 in the SEC's standard example. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want very high income from Tesla's price swings and accept that weekly payouts vary and may be return of capital.
- People with a strong view on Tesla who can hold a small position through drops like its 43.1% decline from February 2025.
- Experienced investors who understand selling puts on 2x leveraged ETFs and accept a 1.11% expense ratio for that strategy.
Look elsewhere if
- Retirees who need steady, predictable income, since payouts vary widely and repeated distributions can wear down the share price.
- Investors wanting diversification, since the fund is non-diversified, tied to one stock, and its gains are capped at the option premium.
- Long-term investors wanting a track record, since it launched December 18, 2024 and lost 24.4% over the year to October 27, 2026.
Close alternatives
Matched by leveraged/inverse funds on the same index (the index could not be identified from the name).
No close alternatives found.
Questions investors ask
Is TSYY good for retirement income?
TSYY is a high-risk income fund, not a typical retirement holding. Its trailing yield was 156.79% as of October 27, 2026. But it lost 24.4% over the year to that date and fell as much as 43.1% from its February 2025 peak. Payouts vary, may be return of capital, and can shrink the share price over time. It may suit only a small part of a portfolio, for investors who accept those risks.
How often does TSYY pay dividends?
Its prospectus says TSYY aims to pay distributions weekly, but there's no guarantee it will pay in any given period. Amounts are likely to vary a lot from one payment to the next. Over the 12 months to October 27, 2026, it paid $30.99 per share. Part of a payment may count as return of capital. That means investors are getting some of their own money back, not earnings.
Why is TSYY's yield so high?
TSYY sells put options on ETFs that aim to deliver twice Tesla's daily move, and those options pay large premiums. The trailing yield was 156.79% as of October 27, 2026. A high yield isn't the same as a high return, though. The fund's price return over the year to that date was -24.4%. Distributions can also include return of capital, which lowers the fund's net asset value.
What's the difference between TSYY and TSLL?
TSLL is a leveraged ETF that seeks 2 times Tesla's daily return. TSYY doesn't own TSLL. Instead, it sells put options on TSLL and similar funds and holds Treasury bills as collateral. It collects the option premium as income, but its gain is capped at that premium. It still takes the losses if those ETFs fall. TSYY shareholders also don't receive any distributions the underlying ETFs pay.
What is TSYY's expense ratio?
TSYY's expense ratio is 1.11% a year, which includes a 0.99% management fee, according to its prospectus filed October 28, 2026. The SEC's standard example assumes $10,000 invested with a 5% annual return. On that basis, costs would total about $113 after one year, $357 after three, $620 after five and $1,373 after ten. Frequent options trading can add trading costs and short-term capital gains.