Tier 5 Analysis
Real Net Return Analysis
The truth behind 50%+ yields. We calculate what you actually made (distributions received minus NAV erosion) over the last 12 months.
What This Page Covers
- Real return rankings for Tier 5 high-yield ETFs.
- Yield vs NAV erosion analysis across recent 12-month windows.
- Winners, losers, and strategy pivots explained.
Updated Mar 7, 2026|Data: Yahoo Finance + SEC filings
Avg Stated Yield
1440.7%
Avg Real Return
+623.9%
Winners
20
Losers
10
Pivoted
0
New/Partial
17
How we calculate Real Return: NAV Change (price appreciation/depreciation) + Distributions Received, annualized. A fund showing 60% yield but -50% NAV change has a real return of only +10%.
Xmo= Less than 12 months of data available. Returns annualized from available period.
| # | Ticker | Stated Yield | NAV Change | Real Return | |
|---|---|---|---|---|---|
| 1 | Defiance Daily Target 2x Long MSTR ETF | 17488.5% | -93.3% | +17395.2% | |
| 2 | Defiance Daily Target 2X Long RKLB ETF | 202.4% | +543.1% | +655.8% | |
| 3 | GraniteShares YieldBOOST TSLA ETF | 151.9% | -7.9% | +272.6% | |
| 4 | SEMY4mo GraniteShares YieldBOOST Semiconductor ETF | 149.0% | +14.2% | +146.7% | |
| 5 | GraniteShares PTIR ETF | 556.6% | +116.6% | +133.9% | |
| 6 | Defiance Daily Target 2X Long HOOD ETF | 420.0% | +65.7% | +123.9% | |
| 7 | AMYY6mo GraniteShares YieldBOOST AMD ETF | 109.3% | -3.0% | +116.2% | |
| 8 | COYY8mo GraniteShares YieldBOOST COIN ETF | 146.1% | -81.1% | +91.0% | |
| 9 | IOYY4mo GraniteShares YieldBOOST IONQ ETF | 154.1% | -79.4% | +76.9% | |
| 10 | YieldMax Short COIN Option Income Strategy ETF | 135.8% | -26.1% | +72.8% | |
| 11 | SMYY6mo GraniteShares YieldBOOST SMCI ETF | 146.0% | -61.9% | +65.2% | |
| 12 | Defiance Daily Target 2X Long RIOT ETF | 2489.0% | -0.1% | +61.3% | |
| 13 | Defiance Daily Target 2X Long SOFI ETF | 309.1% | +25.6% | +58.8% | |
| 14 | T-REX 2X Long HOOD Daily Target ETF | 572.4% | +41.1% | +56.7% | |
| 15 | BBYY5mo GraniteShares YieldBOOST BABA ETF | 120.1% | -46.8% | +44.1% | |
| 16 | HOYY6mo GraniteShares YieldBOOST HOOD ETF | 146.3% | -86.7% | +38.9% | |
| 17 | RGYY4mo GraniteShares YieldBOOST RGTI ETF | 145.9% | -90.2% | +15.8% | |
| 18 | QBY3mo GraniteShares YieldBOOST QBTS ETF | 147.0% | -123.1% | +7.7% | |
| 19 | MAAY4mo GraniteShares YieldBOOST META ETF | 160.8% | -127.9% | +7.1% | |
| 20 | SNOU11mo T-REX 2X Long SNOW Daily Target ETF | 534.8% | -5.5% | +4.5% | |
| 21 | T-REX 2X Long MSFT Daily Target ETF | 425.6% | -10.8% | -3.8% | |
| 22 | GraniteShares 2x Long UBER Daily ETF | 681.4% | -21.3% | -11.3% | |
| 23 | T-REX 2X Long RBLX Daily Target ETF | 129.0% | -25.0% | -23.2% | |
| 24 | MTYY6mo GraniteShares YieldBOOST MSTR ETF | 145.8% | -126.0% | -51.4% | |
| 25 | SOUX9mo Defiance Daily Target 2X Long SOUN ETF | 449.3% | -88.6% | -72.3% | |
| 26 | Defiance Daily Target 2X Long HIMS ETF | 147.1% | -93.3% | -92.4% | |
| 27 | HMYY3mo GraniteShares YieldBOOST HIMS ETF | 173.3% | -212.1% | -93.6% | |
| 28 | CRWU8mo T-REX 2X Long CRWV Daily Target ETF | 328.7% | -118.0% | -114.7% | |
| 29 | GLXU7mo T-REX 2X Long GLXY Daily Target ETF | 533.7% | -122.2% | -116.4% | |
| 30 | SMUP8mo T-REX 2X Long SMR Daily Target ETF | 15922.2% | -149.6% | -148.1% |
Key Insights
The Yield Gap
The average stated yield of 1441% drops to a real return of +624% after accounting for NAV erosion.
Winners vs Losers
20 of 30 funds delivered positive real returns.
The Bottom Line
High-octane yields are often illusions. NAV erosion eats more than half the stated return on average.
Want to run this analysis on your own holdings?