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 138 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% | 27.32M | Nov 2024 | FBY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 45.59M | Sep 2024 | FBY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 303.13M | Mar 2024 | FBY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 185.18M | Apr 2024 | FBY vs FYEE | |
| Invesco QQQ Income Advantage ETF | 0.29% | 768.95M | Jul 2024 | FBY vs QQA |
Best Risk-Adjusted Alternatives to FBY
FBY has a PortfoliosLab risk / return rank of 4. There are 139 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 | 1.16B | Apr 2025 | FBY vs CHPY | |
| SoFi Enhanced Yield ETF | 94 | 34.73M | Nov 2023 | FBY vs THTA | |
| YieldMax AMD Option Income Strategy ETF | 92 | 409.32M | Sep 2023 | FBY vs AMDY | |
| YieldMax GOOGL Option Income Strategy ETF | 92 | 262.22M | Jul 2023 | FBY vs GOOY | |
| Global X NASDAQ 100 Covered Call ETF | 91 | 8.44B | Dec 2013 | FBY vs QYLD |
Top Performing FBY Alternatives (YTD)
FBY is at -13.45% YTD. There are 192 ETFs in the Derivative Income category with higher YTD returns, going as high as 19,132.59%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| REX HOOD Growth & Income ETF | 19,132.59% | 1.44M | Nov 2025 | FBY vs HOII | |
| REX CRWV Growth & Income ETF | 13,199.78% | 2.19M | Nov 2025 | FBY vs CWII | |
| Roundhill ARM WeeklyPay ETF | 356.51% | 17.52M | Oct 2025 | FBY vs ARMW | |
| Roundhill AMD WeeklyPay ETF | 197.43% | 83.00M | Jul 2025 | FBY vs AMDW | |
| YieldMax AMD Option Income Strategy ETF | 111.33% | 409.32M | Sep 2023 | FBY vs AMDY |
Lowest Volatility Alternatives to FBY
FBY has 29.66% 1-year volatility. There are 174 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.98%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.98% | 465.86M | Oct 2022 | FBY vs BUCK | |
| FT Vest High Yield & Target Income ETF | 3.86% | 90.05M | Feb 2025 | FBY vs HYTI | |
| Main Buywrite ETF | 4.84% | 1.23B | Dec 2015 | FBY vs BUYW | |
| FT Vest Investment Grade & Target Income ETF | 5.12% | 292.66M | Feb 2025 | FBY vs LQTI | |
| Global X S&P 500 Risk Managed Income ETF | 5.50% | 50.16M | Aug 2021 | FBY vs XRMI |
Lowest Drawdown Alternatives to FBY
FBY has a 1-year max drawdown of -29.50%. There are 121 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% | 465.86M | Oct 2022 | FBY vs BUCK | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.05M | Feb 2025 | FBY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.23B | 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 6 categories. AUM among these funds goes as high as $1B.
Often Compared With FBY
Investors most often compare FBY with META, AMZY, MRNY. These 20 comparison targets span 11 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