ETF Education Report: GRANITESHARES YIELDBOOST HOOD ETF (HOYY)

What this ETF is trying to do

The GRANITESHARES YIELDBOOST HOOD ETF (HOYY) is an exchange-traded fund listed on the NASDAQ. This specific ETF uses an "option income" strategy. This means it uses financial tools called options to try to generate cash for investors.

What the numbers show

As of September 22, 2026, the current price of one share is $4.93.

When looking at how this ETF has performed so far this year (Year-to-Date), it is important to look at two different numbers:

• Price Return: The share-price change for the year is approximately -63.85%. This tells us how much the actual price of a single share has dropped.

• Total Return: The year-to-date total return is approximately -26.66%. Total return is a different measurement that includes the impact of cash distributions.

Income and distribution explanation

This ETF is known for very frequent cash payments. In the last 12 months, it made 51 distributions, which is a weekly-like frequency. Most of these payments happened on Fridays.

The distribution yield is approximately 251.74%. It is very important for new investors to understand that a high distribution yield does not mean you are earning that much in total profit. A high yield shows how much cash is being paid out relative to the current share price, but it does not guarantee that your total investment value is growing.

NAV erosion explanation

"NAV erosion" is a term used to describe when the value of the underlying assets in an ETF decreases over time. While this ETF has seen a significant share-price decline this year, the "severe erosion-risk flag" is not active. However, because the share price has dropped significantly while paying out large amounts of cash, investors often watch these patterns closely.

Pros

• The ETF provides very frequent cash distributions (nearly every week).

• It uses an option income strategy to generate these payments.

Cons

• The share price has seen a large decline of approximately 63.85% year-to-date.

• The total return is negative for the year.

• The income rating grade is an "F."

Beginner takeaway

When you see an ETF with a very high distribution yield, it is important to look at the "total return" and the "price return" separately. A high amount of cash being paid out can sometimes happen at the same time that the share price is falling. Always check if the total value of your investment is going up or down, rather than just looking at the cash payments.