FBY vs. IXC
FBY (YieldMax META Option Income ETF) and IXC (iShares Global Energy ETF) are both exchange-traded funds - FBY is a Derivative Income fund actively managed by YieldMax, while IXC is a Energy Equities fund tracking the S&P Global 1200 Energy Capped Index. FBY is actively managed, while IXC is passively managed. Over the past year, FBY returned -6.35% vs 36.71% for IXC. At a correlation of -0.01, they often move in opposite directions. FBY charges 0.99%/yr vs 0.40%/yr for IXC.
Performance
FBY vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, FBY achieves a -0.81% return, which is significantly lower than IXC's 27.41% return.
FBY
- 1D
- -2.35%
- 1M
- 9.81%
- 6M
- 4.24%
- YTD
- -0.81%
- 1Y
- -6.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IXC
- 1D
- 0.46%
- 1M
- 2.57%
- 6M
- 21.42%
- YTD
- 27.41%
- 1Y
- 36.71%
- 3Y*
- 16.54%
- 5Y*
- 21.32%
- 10Y*
- 9.23%
FBY vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FBY YieldMax META Option Income ETF | -0.81% | 1.98% | 44.42% | 17.68% |
IXC iShares Global Energy ETF | 27.41% | 13.98% | 1.95% | 2.72% |
Correlation
The correlation between FBY and IXC is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | -0.01 |
The correlation between FBY and IXC shifts across timeframes, from -0.18 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FBY vs. IXC — Risk / Return Rank
FBY
IXC
FBY vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax META Option Income ETF (FBY) and iShares Global Energy ETF (IXC). 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.
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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.40 | -2.62 |
| Martin ratioReturn relative to average drawdown | -0.41 | 7.55 | -7.96 |
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Drawdowns
FBY vs. IXC - Drawdown Comparison
The maximum FBY drawdown since its inception was -31.53%, smaller than the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for FBY and IXC.
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Drawdown Indicators
| FBY | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.53% | -67.88% | +36.35% |
Max Drawdown (1Y)Largest decline over 1 year | -29.50% | -15.36% | -14.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.16% | — |
Current DrawdownCurrent decline from peak | -14.76% | -8.30% | -6.46% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -17.45% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 4.88% | +10.54% |
Volatility
FBY vs. IXC - Volatility Comparison
YieldMax META Option Income ETF (FBY) has a higher volatility of 13.20% compared to iShares Global Energy ETF (IXC) at 6.19%. This indicates that FBY's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBY | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.20% | 6.19% | +7.01% |
Volatility (6M)Calculated over the trailing 6-month period | 26.16% | 15.89% | +10.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.92% | 19.32% | +12.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.26% | 23.44% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.26% | 26.81% | +2.45% |
FBY vs. IXC - Expense Ratio Comparison
FBY has a 0.99% expense ratio, which is higher than IXC's 0.40% expense ratio.
Dividends
FBY vs. IXC - Dividend Comparison
FBY's dividend yield for the trailing twelve months is around 55.40%, more than IXC's 2.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBY YieldMax META Option Income ETF | 55.40% | 55.43% | 53.89% | 8.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IXC iShares Global Energy ETF | 2.98% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
Frequently Asked Questions
FBY and IXC have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBY has higher volatility (13.20%) compared to IXC (6.19%). In terms of maximum drawdown, FBY dropped -31.53% vs IXC's -67.88%.
On 1-year performance, IXC leads with 36.71% vs -6.35% for FBY. On fees, IXC is cheaper at 0.40% per year. On volatility, IXC has been the lower-risk option at 6.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IXC has performed better with a 36.71% return vs -6.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IXC is cheaper with a 0.40% expense ratio, compared with 0.99% for FBY.
FBY has the higher dividend yield at 55.40%, compared with 2.98% for IXC.
FBY is categorized as Derivative Income, while IXC is Energy Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for FBY and 0.40% for IXC.
IXC currently has the higher Sharpe Ratio (1.91 vs -0.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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