Share-split context: A reverse split was recorded on Jun 2, 2026 with coefficient 0.125. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.

Understanding the GraniteShares YieldBoost TSLA ETF (TSYY)

What this ETF is trying to do

The GraniteShares YieldBoost TSLA ETF (TSYY) is a single-stock ETF. This means it focuses its strategy on one specific company: Tesla. It is also classified as an option income ETF, which means it uses options to try to generate cash for investors.

What the numbers show

The data shows significant movement in the share price. Because this ETF has a history of reverse splits, we look at split-adjusted returns to understand performance. A reverse split is when multiple old shares are combined into fewer new shares, which causes the price per share to rise mechanically.

Looking at the price returns (the change in the share price alone):

• Year-to-date (YTD) price return: Approximately -55.65%

• One-year price return: Approximately -69.76%

The total return figures include the impact of distributions:

• Year-to-date (YTD) total return: Approximately -18.98%

• One-year total return: Approximately -23.46%

The difference between the price return and the total return shows that while the share price fell sharply, the distributions helped offset some of those losses in the total return calculation.

Income and distribution explanation

TSYY is designed to provide frequent cash payments. The distribution yield is approximately 38.23%. This is a very high yield, but it is important to remember that a high yield does not guarantee the investment will grow in value.

The ETF has a "frequent" distribution frequency, paying out 52 times over the last 12 months. Most of these payments (48 out of 52) occurred on Fridays.

NAV erosion explanation

This ETF has a severe erosion-risk flag. The data shows an erosion score of 10, which is labeled as "severe price erosion." This indicates that the market price of the shares has been declining significantly.

It is important to distinguish between price erosion and NAV erosion. The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.

Pros

• High Distribution Yield: The ETF offers a very high distribution yield of approximately 38.23%.

• Frequent Income: Investors receive very frequent cash distributions, often on a weekly basis.

Cons

• Significant Price Decline: The share price has seen large declines, including a one-year price return of approximately -69.76%.

• Severe Erosion Risk: The fund has triggered a severe erosion-risk flag due to its price trends.

• Single Stock Focus: Because it is a single-stock ETF, it is tied to the performance of one company.

Beginner takeaway

TSYY is an ETF that focuses on generating high, frequent cash payments through options. However, the data shows that these distributions have been accompanied by a large decline in the share price. When looking at high-yield ETFs, it is important to look at both the distribution yield and the total return to see how much of the value is being returned as cash versus how much the share price is changing.