Key Highlights

  • TSYY (NASDAQ:TSYY) shows an indicated Yield of 183.04 percent on a USD 19.88 share price, built from USD 37.23 in trailing weekly distributions, equivalent to roughly 3.52 percent of the share price paid out every week.
  • Launched December 18, 2024, TSYY (NASDAQ:TSYY) is the oldest fund in the GraniteShares YieldBOOST lineup, giving it the longest track record of any product in this comparison at nearly two years.
  • GraniteShares reverse split TSYY (NASDAQ:TSYY) 1-for-8 effective June 2026, the steepest ratio among the three sister funds split that month, alongside COYY and MTYY at 1-for-6 each.
  • TSYY (NASDAQ:TSYY) carries the largest asset base among the GraniteShares funds covered here at USD 62.10 million and the highest expense ratio at 1.15 percent, versus 1.07 percent for the rest of the lineup.

TSYY's Nearly Two-Year Track Record Is the Category's Longest

TSYY (NASDAQ:TSYY) sells put Options on a 2x Long TSLA Daily ETF, targeting 200 percent of the income a direct options seller on Tesla (NASDAQ:TSLA) would collect, using strikes from 40 percent out-of-the-money to 10 percent in-the-money and one-week to one-month maturities. Having launched December 18, 2024, TSYY (NASDAQ:TSYY) is the oldest fund in the entire GraniteShares YieldBOOST lineup, giving investors nearly two years of real-world data on how the strategy performs across a full cycle of Tesla's (NASDAQ:TSLA) own sharp, sentiment-driven swings, far longer than the few months of history available for newer siblings like RGYY or QBY.

A 1-for-8 Reverse Split Is the Starkest Evidence of NAV Erosion in the Category

GraniteShares executed a 1-for-8 reverse split of TSYY (NASDAQ:TSYY) effective June 2026, the steepest ratio among the three sister funds split that round, versus 1-for-6 each for COYY and MTYY. That steeper ratio implies TSYY's (NASDAQ:TSYY) per-share price eroded the most severely of the three, consistent with roughly 21 months of a put-selling strategy running its course against one of the market's most actively traded, volatile stocks. TSYY (NASDAQ:TSYY) also carries the highest expense ratio in the lineup at 1.15 percent, versus 1.07 percent for its siblings, yet holds the largest asset base at USD 62.10 million, likely reflecting Tesla's (NASDAQ:TSLA) outsized popularity with retail traders.

What Nearly Two Years of Data Says About the Category's Risk

TSYY's (NASDAQ:TSYY) prospectus risk language matches its sister funds: gains are capped if the underlying TSLA ETF rises, while the fund remains exposed to all potential losses if it declines, losses its income may not offset. The fact that TSYY (NASDAQ:TSYY) needed the steepest reverse split in the category despite being the longest-running, most liquid fund in the family is itself informative: a longer track record here has coincided with more accumulated net asset value decay, not less, because the strategy's Economics do not compound favorably over time the way traditional Equity income can. Tesla's (NASDAQ:TSLA) volatility, well above that of a diversified benchmark like the Nasdaq-100 or S&P 500, is the direct source of both TSYY's (NASDAQ:TSYY) yield and its erosion.

Where Things Stand

Is TSYY the blueprint for the whole category? In an uncomfortable sense, yes. Its 1-for-8 reverse split previews what smaller, younger sister funds like RGYY, QBY or MAAY may eventually face if their own underlyings do not cooperate, and being the oldest, largest and most established GraniteShares YieldBOOST fund did not spare TSYY (NASDAQ:TSYY) from the same structural erosion that has hit its siblings. The 183.04 percent indicated yield is genuine cash paid weekly, but nearly two years of history now show that Tesla's (NASDAQ:TSLA) Volatility cuts both ways, funding the payout while simultaneously grinding down the per-share value it is paid from.