What this ETF is trying to do

YSPY, the Graniteshares Yieldboost SPY ETF, is an exchange-traded fund designed to provide frequent income. It uses an option income strategy to generate cash. This means it uses certain financial tools called options to try and create regular payments for investors.

What the numbers show

As of September 23, 2026, the current price of YSPY is $15.14. An estimated price from roughly one year ago was $20.10.

When looking at how this ETF has performed, it is important to look at two different numbers: the price return and the total return. The price return only shows how much the share price changed. The total return includes both the change in share price and the cash distributions paid out.

Over the last year, YSPY had a price return of -24.70%. This means the cost to buy one share dropped significantly. However, the one-year total return was 9.70%. This shows that even though the share price fell, the cash payments helped make the overall return positive.

For the year to date (YTD), the price return is -16.23%, while the YTD total return is 6.68%.

Income and distribution explanation

YSPY is known for very frequent payments. In the last 12 months, it made 52 distributions, which is a weekly-like frequency. Most of these payments happened on Fridays. The trailing distributions over the last year were approximately $6.48 per share.

The distribution yield is 42.80%. While this number is very high, it is important to remember that a high yield does not guarantee that an investor will earn that same percentage as a total return.

NAV erosion explanation

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.

Regarding price erosion, the ETF has an erosion score of 55, which is labeled as "moderate price erosion." This indicates that the market price of the shares has been trending downward.

Pros

• High Distribution Yield: The ETF offers a very high distribution yield of 42.80%.

• Frequent Income: It provides regular cash payments, often on a weekly basis.

Cons

• Share-Price Decline: The share price has dropped significantly, with a one-year price return of -24.70%.

• Moderate Price Erosion: The data shows a moderate risk of the share price continuing to decline.

Beginner takeaway

YSPY is an ETF that focuses on providing frequent cash through an option income strategy. While it pays out a lot of cash regularly, the actual price of a share has been falling. For this specific ETF, the total return has stayed positive because the cash distributions helped offset the drop in the share price.