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GraniteShares YieldBOOST QQQ ETF (TQQY)
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Upturn Advisory Summary
08/14/2025: TQQY (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 9.56% | Avg. Invested days 49 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  3.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 15.66 - 21.50 | Updated Date - |
52 Weeks Range 15.66 - 21.50 | Updated Date - |
Upturn AI SWOT
GraniteShares YieldBOOST QQQ ETF
ETF Overview
Overview
The GraniteShares YieldBOOST QQQ ETF (QYLD) seeks to generate current income in addition to tracking the investment results of an index composed of NASDAQ-100 Index. It aims to provide monthly income by selling covered call options on the Nasdaq-100 index.
Reputation and Reliability
GraniteShares is a relatively new ETF issuer known for its range of ETPs, but it has established itself by launching innovative products and maintaining transparency.
Management Expertise
The management team at GraniteShares possesses expertise in structuring and managing exchange-traded products, particularly those involving options strategies.
Investment Objective
Goal
To provide current income and track the investment results of the NASDAQ-100 Index before fees and expenses.
Investment Approach and Strategy
Strategy: The ETF employs a covered call strategy by selling call options on the NASDAQ-100 index to generate income.
Composition The ETF primarily holds stocks included in the NASDAQ-100 index, with a portion of its assets allocated to cash to cover the option obligations.
Market Position
Market Share: QYLD has a sizable market share within the covered call ETF segment.
Total Net Assets (AUM): 6700000000
Competitors
Key Competitors
- Global X NASDAQ 100 Covered Call ETF (QYLD)
- Amplify CWP Enhanced Dividend Income ETF (DIVO)
- JPMorgan Equity Premium Income ETF (JEPI)
Competitive Landscape
The covered call ETF market is competitive, with several ETFs offering similar strategies on different indices or with varying option parameters. QYLD's advantages are its focus on the NASDAQ-100 and a relatively high yield, but its total return may be lower than the underlying index in rising markets. Competitors like JEPI aim for lower volatility while others are more diversified.
Financial Performance
Historical Performance: Historical performance is based on the yield generated from covered call options and the performance of the NASDAQ-100 index. This data is not provided.
Benchmark Comparison: QYLD's performance should be compared to the NASDAQ-100 index, considering the income generated from options and potential underperformance in bull markets.
Expense Ratio: 0.6
Liquidity
Average Trading Volume
The average trading volume of QYLD indicates reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread for QYLD is generally tight, reflecting good liquidity and ease of trading.
Market Dynamics
Market Environment Factors
QYLD's performance is influenced by NASDAQ-100 volatility, interest rates, and the demand for covered call strategies.
Growth Trajectory
QYLD has exhibited stable growth due to its consistent monthly income, attractive for income-seeking investors.
Moat and Competitive Advantages
Competitive Edge
QYLD's competitive edge lies in its focus on the tech-heavy NASDAQ-100 index, a popular choice for many investors. The ETF generates substantial income through its covered call strategy, appealing to investors seeking yield in a low-interest-rate environment. GraniteShares has established a reputation for providing a reliable covered call fund. However, the tradeoff is that returns will likely underperform the index during strong bull markets as option premiums cap gains.
Risk Analysis
Volatility
QYLD exhibits lower volatility than the NASDAQ-100 index due to the covered call strategy.
Market Risk
The primary market risk for QYLD is the potential underperformance in a strong bull market, as the covered call strategy limits upside participation.
Investor Profile
Ideal Investor Profile
The ideal investor for QYLD is a risk-averse income seeker who wants exposure to the NASDAQ-100 while generating monthly income.
Market Risk
QYLD is most suitable for long-term investors seeking income and willing to forgo potential capital appreciation in exchange for a steady stream of income.
Summary
The GraniteShares YieldBOOST QQQ ETF (QYLD) offers investors a way to generate income by selling covered call options on the NASDAQ-100 index. While it provides monthly income and lower volatility compared to the index, it may underperform in strong bull markets. It is suitable for risk-averse investors seeking income. The ETF benefits from GraniteShares's expertise in structured products and a focus on a popular index. However, investors should be aware of the potential tradeoff between income generation and capital appreciation.
Peer Comparison
Sources and Disclaimers
Data Sources:
- GraniteShares website
- ETF.com
- Morningstar
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About GraniteShares YieldBOOST QQQ ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively managed ETF that seeks current income while maintaining the opportunity for an indirect exposure to the share price of the ProShares UltraPro® QQQ, subject to a limit on potential gains from increases in the price of the underlying ETF"s shares. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.