YieldMax META Option Income ETF (FBY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FBY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FBY
FBY charges 0.99% annually. There are 127 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 27.28M | Nov 2024 | FBY vs PEPS | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 292.36M | Mar 2024 | FBY vs IVVW | |
| State Street US Equity Premium Income ETF | 0.25% | 46.44M | Sep 2024 | FBY vs SPIN | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 166.08M | Apr 2024 | FBY vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 749.48M | Jul 2024 | FBY vs QQA |
Best Risk-Adjusted Alternatives to FBY
FBY has a PortfoliosLab risk / return rank of 5. There are 115 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| YieldMax Semiconductor Portfolio Option Income ETF | 97 | 1.02B | Apr 2025 | FBY vs CHPY | |
| SoFi Enhanced Yield ETF | 92 | 34.73M | Nov 2023 | FBY vs THTA | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 298.09M | Jul 2023 | FBY vs GOOY | |
| YieldMax TSM Option Income Strategy ETF | 90 | 117.86M | Aug 2024 | FBY vs TSMY | |
| FT Vest Technology Dividend Target Income ETF | 90 | — | Aug 2023 | FBY vs TDVI |
Top Performing FBY Alternatives (YTD)
FBY is at -9.36% YTD. There are 176 ETFs in the Derivative Income category with higher YTD returns, going as high as 347.83%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill ARM WeeklyPay ETF | 347.83% | 14.71M | Oct 2025 | FBY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 178.71% | 90.88M | Jul 2025 | FBY vs AMDW | |
| YieldMax Semiconductor Portfolio Option Income ETF | 83.68% | 1.02B | Apr 2025 | FBY vs CHPY | |
| Defiance Oil Enhanced Options Income ETF | 59.86% | 62.15M | May 2024 | FBY vs USOY | |
| REX IncomeMax Option Strategy ETF | 47.97% | 40.50M | Oct 2025 | FBY vs ULTI |
Lowest Volatility Alternatives to FBY
FBY has 28.73% 1-year volatility. There are 158 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dividend Performers ETF | 0.00% | 20.88M | Dec 2018 | FBY vs IPDP | |
| Innovator Index Autocallable Income Strategy ETF | 3.15% | — | Sep 2025 | FBY vs ACII | |
| Simplify Treasury Option Income ETF | 3.22% | 438.06M | Oct 2022 | FBY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.83% | 90.68M | Feb 2025 | FBY vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.21B | Dec 2015 | FBY vs BUYW |
Lowest Drawdown Alternatives to FBY
FBY has a 1-year max drawdown of -29.50%. There are 104 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -1.31%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -1.31% | 438.06M | Oct 2022 | FBY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.68M | Feb 2025 | FBY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.21B | Dec 2015 | FBY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | FBY vs THTA | |
| VistaShares Target 15™ Berkshire Select Income ETF | -3.00% | 774.36M | Mar 2025 | FBY vs OMAH |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, ULTY, YMAX and span 4 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| YieldMax™ MSTR Option Income Strategy ETF | Derivative Income | 2 | -8.55% | 1.29B | Feb 2024 | FBY vs MSTY | |
| YieldMax Ultra Option Income Strategy ETF | Derivative Income | 16 | 12.54% | 872.34M | Feb 2024 | FBY vs ULTY | |
| YieldMax Universe Fund of Option Income ETFs | Large Cap Blend Equities | 16 | 7.89% | 450.20M | Jan 2024 | FBY vs YMAX | |
| YieldMax NVDA Option Income Strategy ETF | Options Trading | 60 | 15.63% | 1.45B | May 2023 | FBY vs NVDY | |
| YieldMax TSLA Option Income Strategy ETF | Options Trading | 21 | -1.77% | 900.04M | Nov 2022 | FBY vs TSLY | |
| YieldMax Magnificent 7 Fund of Option Income ETFs | Large Cap Blend Equities | 46 | 4.70% | 336.32M | Jan 2024 | FBY vs YMAG | |
| YieldMax PLTR Option Income Strategy ETF | Derivative Income | 13 | -8.48% | 391.86M | Oct 2024 | FBY vs PLTY | |
| YieldMax COIN Option Income Strategy ETF | Derivative Income | 4 | -20.81% | 422.52M | Aug 2023 | FBY vs CONY | |
| YieldMax Bitcoin Option Income Strategy ETF | Cryptocurrency | 2 | -22.66% | 43.95M | Apr 2024 | FBY vs YBIT | |
| YieldMax Gold Miners Option Income Strategy ETF | Derivative Income | 26 | -4.46% | 278.18M | May 2024 | FBY vs GDXY |
Often Compared With FBY
Investors most often compare FBY with META, AMZY, MRNY. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare FBY with Any Fund or Stock
Compare FBY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FBY with funds that move differently
YieldMax META Option Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FBY.
Explore FBY Diversifiers