FBY vs. JPMO
Compare and contrast key facts about YieldMax META Option Income ETF (FBY) and YieldMax JPM Option Income Strategy ETF (JPMO).
FBY and JPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023. JPMO is an actively managed fund by YieldMax. It was launched on Sep 11, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBY or JPMO.
Key characteristics
| FBY | JPMO | |
|---|---|---|
| YTD Return | 43.94% | 14.40% |
| 1Y Return | 60.59% | 23.34% |
| Sharpe Ratio | 2.37 | 1.38 |
| Sortino Ratio | 2.94 | 1.80 |
| Omega Ratio | 1.45 | 1.30 |
| Calmar Ratio | 4.01 | 2.17 |
| Martin Ratio | 11.77 | 5.56 |
| Ulcer Index | 5.16% | 4.16% |
| Daily Std Dev | 25.65% | 16.75% |
| Max Drawdown | -15.14% | -10.64% |
| Current Drawdown | -0.31% | -2.68% |
Correlation
The correlation between FBY and JPMO is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FBY vs. JPMO - Performance Comparison
In the year-to-date period, FBY achieves a 43.94% return, which is significantly higher than JPMO's 14.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBY vs. JPMO - Expense Ratio Comparison
FBY has a 0.99% expense ratio, which is lower than JPMO's 1.01% expense ratio.
Risk-Adjusted Performance
FBY vs. JPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax META Option Income ETF (FBY) and YieldMax JPM Option Income Strategy ETF (JPMO). 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.
Dividends
FBY vs. JPMO - Dividend Comparison
FBY's dividend yield for the trailing twelve months is around 54.20%, more than JPMO's 24.00% yield.
| TTM | 2023 | |
|---|---|---|
FBY YieldMax META Option Income ETF | 54.20% | 8.31% |
JPMO YieldMax JPM Option Income Strategy ETF
| 24.00% | 4.85% |
Drawdowns
FBY vs. JPMO - Drawdown Comparison
The maximum FBY drawdown since its inception was -15.14%, which is greater than JPMO's maximum drawdown of -10.64%. Use the drawdown chart below to compare losses from any high point for FBY and JPMO. For additional features, visit the drawdowns tool.
Volatility
FBY vs. JPMO - Volatility Comparison
The current volatility for YieldMax META Option Income ETF (FBY) is 5.53%, while YieldMax JPM Option Income Strategy ETF (JPMO) has a volatility of 7.27%. This indicates that FBY experiences smaller price fluctuations and is considered to be less risky than JPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.