- CUSIP
- 88634T816
- Issuer
- YieldMax
- Inception Date
- Jul 27, 2023
- Region
- North America (U.S.)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Alternatives
- Assets Under Management
- $101M
Highlights
- Avg. Volume (1M)
- 162K
- Avg. Volume Value (1M)
- $1.53M
Share Price Chart
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Performance
FBY Performance Chart
YieldMax META Option Income Strategy ETF (FBY) is down 15.6% since the beginning of the year. FBY is currently trading at $8 per share.
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Returns By Period
YieldMax META Option Income Strategy ETF (FBY) has returned -15.55% so far this year and -24.10% over the past 12 months.
YieldMax META Option Income Strategy ETF
- 1D
- 2.07%
- 1M
- -4.56%
- 6M
- -21.00%
- YTD
- -15.55%
- 1Y
- -24.10%
- 3Y*
- 12.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.50%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FBY Monthly Returns History
Based on dividend-adjusted daily data since Jul 28, 2023, FBY's average daily return is +0.07%, while the average monthly return is +1.29%. At this rate, an investment would double in approximately 4.5 years.
Historically, 65% of months were positive and 35% were negative. The best month was May 2025 with a return of +14.6%, while the worst month was Mar 2025 at -12.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FBY closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.1%, while the worst single day was Oct 30, 2025 at -10.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.90% | -8.22% | -10.82% | 5.19% | 3.43% | -9.49% | -1.98% | -15.55% | |||||
| 2025 | 10.08% | -1.95% | -12.05% | -7.17% | 14.58% | 10.03% | 4.58% | -3.16% | 0.54% | -9.53% | -1.13% | 0.80% | 1.98% |
| 2024 | 5.73% | 13.56% | 0.80% | -11.31% | 6.17% | 4.89% | -6.20% | 12.12% | 7.79% | 2.99% | 1.31% | 2.14% | 44.42% |
| 2023 | 0.49% | -6.05% | 3.29% | 3.11% | 8.56% | 7.81% | 17.68% |
Benchmark Metrics
YieldMax META Option Income Strategy ETF has an annualized alpha of -2.92%, beta of 1.12, and R2 of 0.33 versus S&P 500 Index. Calculated based on daily prices since July 28, 2023.
- This ETF participated in 167.20% of S&P 500 Index downside but only 125.05% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.33 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -2.92%
- Beta
- 1.12
- R²
- 0.33
- Upside Capture
- 125.05%
- Downside Capture
- 167.20%
Expense Ratio
FBY has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FBY ranks 2 for risk / return — above 2% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for YieldMax META Option Income Strategy ETF (FBY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FBY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.25 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 2.00 | -2.88 |
| Martin ratioReturn relative to average drawdown | -1.61 | 8.49 | -10.10 |
Dividends
Dividend History
YieldMax META Option Income Strategy ETF provided a 62.78% dividend yield over the last twelve months, with an annual payout of $5.26 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $5.26 | $6.99 | $10.27 | $1.81 |
Dividend yield | 62.78% | 55.43% | 53.89% | 8.31% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax META Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.29 | $0.47 | $0.29 | $0.51 | $0.31 | $0.24 | $0.46 | $2.58 | |||||
| 2025 | $1.08 | $0.48 | $0.55 | $0.52 | $0.64 | $0.54 | $0.50 | $0.62 | $0.45 | $0.70 | $0.40 | $0.51 | $6.99 |
| 2024 | $0.99 | $1.18 | $1.18 | $1.17 | $0.90 | $0.69 | $0.70 | $0.79 | $0.53 | $0.92 | $0.84 | $0.38 | $10.27 |
| 2023 | $0.28 | $0.45 | $0.48 | $0.60 | $1.81 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax META Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax META Option Income Strategy ETF was 31.53%, occurring on Apr 21, 2025. Recovery took 78 trading sessions.
The current YieldMax META Option Income Strategy ETF drawdown is 27.42%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.53%Apr 2025 | 2mo 2d | 3mo 23d | 5mo 25dFeb 2025 - Aug 2025 | 2025 selloff2025 |
-29.50%Mar 2026 | 7mo 16d | — | 11mo 25dAug 2025 - now | — |
-15.14%Jul 2024 | 3mo 14d | 27d | 4mo 11dApr 2024 - Aug 2024 | — |
-11.24%Aug 2023 | 18d | 1mo 19d | 2mo 7dJul 2023 - Oct 2023 | — |
-9.91%Oct 2023 | 8d | 18d | 26dOct 2023 - Nov 2023 | — |
Drawdown Indicators
| FBY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.53% | -56.78% | +25.25% |
Max Drawdown (1Y)Largest decline over 1 year | -29.50% | -9.10% | -20.40% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -18.90% | -12.63% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -27.42% | -1.58% | -25.84% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -10.70% | +2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 2.14% | +13.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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