FBY vs. COSW

Last updated Jun 3, 2026

FBY (YieldMax META Option Income ETF) and COSW (Roundhill COST WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.10, they often move in opposite directions. Both charge a 0.99% expense ratio.

Performance

FBY vs. COSW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax META Option Income ETF (FBY) and Roundhill COST WeeklyPay ETF (COSW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBY achieves a -9.36% return, which is significantly lower than COSW's 11.11% return.

FBY

• 1D: -0.26%
• 1M: -0.92%
• YTD: -9.36%
• 6M: -8.42%
• 1Y: -10.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COSW

• 1D: 1.00%
• 1M: -7.30%
• YTD: 11.11%
• 6M: 1.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FBY vs. COSW - Yearly Performance Comparison

	2026 (YTD)	2025
FBY YieldMax META Option Income ETF	-9.36%	-10.22%
COSW Roundhill COST WeeklyPay ETF	11.11%	-10.71%

Correlation

The correlation between FBY and COSW is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 24, 2025	-0.10

Return for Risk

FBY vs. COSW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FBY

FBY Risk / Return Rank: 5
FBY Sharpe Ratio Rank: 5
FBY Sortino Ratio Rank: 5
FBY Omega Ratio Rank: 5
FBY Calmar Ratio Rank: 6
FBY Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FBY vs. COSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax META Option Income ETF (FBY) and Roundhill COST WeeklyPay ETF (COSW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FBY	COSW	Difference
Sharpe ratio Return per unit of total volatility	-0.37	—	—
Sortino ratio Return per unit of downside risk	-0.33	—	—
Omega ratio Gain probability vs. loss probability	0.95	—	—
Calmar ratio Return relative to maximum drawdown	-0.29	—	—
Martin ratio Return relative to average drawdown	-0.63	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FBY	COSW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	-0.05	+0.63

Drawdowns

FBY vs. COSW - Drawdown Comparison

The maximum FBY drawdown since its inception was -31.53%, which is greater than COSW's maximum drawdown of -16.24%. Use the drawdown chart below to compare losses from any high point for FBY and COSW.

Drawdown Indicators

	FBY	COSW	Difference
Max Drawdown Largest peak-to-trough decline	-31.53%	-16.24%	-15.29%
Max Drawdown (1Y) Largest decline over 1 year	-29.50%	—	—
Current Drawdown Current decline from peak	-22.10%	-15.40%	-6.70%
Average Drawdown Average peak-to-trough decline	-7.80%	-4.10%	-3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.35%	—	—

Volatility

Volatility by Period

	FBY	COSW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.73%	26.16%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.46%	26.16%	+2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.46%	26.16%	+2.30%

FBY vs. COSW - Expense Ratio Comparison

Both FBY and COSW have an expense ratio of 0.99%.

Dividends

FBY vs. COSW - Dividend Comparison

FBY's dividend yield for the trailing twelve months is around 57.90%, more than COSW's 18.29% yield.

Position	TTM	2025	2024	2023
COSW Roundhill COST WeeklyPay ETF	18.29%	4.96%	0.00%	0.00%
FBY YieldMax META Option Income ETF	57.90%	55.43%	53.89%	8.31%

Frequently Asked Questions

Can I hold both FBY and COSW in my portfolio?

FBY and COSW have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBY or COSW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBY or COSW?

FBY and COSW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, FBY or COSW?

FBY has the higher dividend yield at 57.90%, compared with 18.29% for COSW.

What is the main difference between FBY and COSW?

They also come from different issuers: YieldMax and Roundhill.