FBY vs. META
FBY (YieldMax META Option Income ETF) is Derivative Income fund actively managed by YieldMax, while META (Meta Platforms, Inc.) is a stock. Over the past year, FBY returned -16.04% vs -17.09% for META. With a 0.96 correlation, they move nearly in lockstep.
Performance
FBY vs. META - Performance Comparison
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Returns By Period
In the year-to-date period, FBY achieves a -13.45% return, which is significantly higher than META's -14.42% return.
FBY
- 1D
- -2.05%
- 1M
- -7.09%
- YTD
- -13.45%
- 6M
- -13.14%
- 1Y
- -16.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
META
- 1D
- -2.32%
- 1M
- -7.51%
- YTD
- -14.42%
- 6M
- -14.61%
- 1Y
- -17.09%
- 3Y*
- 25.36%
- 5Y*
- 10.80%
- 10Y*
- 17.64%
FBY vs. META - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FBY YieldMax META Option Income ETF | -13.45% | 1.98% | 44.42% | 17.68% |
META Meta Platforms, Inc. | -14.42% | 13.09% | 66.05% | 13.55% |
Correlation
The correlation between FBY and META is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | 0.96 |
The correlation between FBY and META has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
FBY vs. META — Risk / Return Rank
FBY
META
FBY vs. META - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax META Option Income ETF (FBY) and Meta Platforms, Inc. (META). 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 | META | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.94 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.52 | -0.03 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.04 | -0.08 |
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Drawdowns
FBY vs. META - Drawdown Comparison
The maximum FBY drawdown since its inception was -31.53%, smaller than the maximum META drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for FBY and META.
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Drawdown Indicators
| FBY | META | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.53% | -76.74% | +45.21% |
Max Drawdown (1Y)Largest decline over 1 year | -29.50% | -33.30% | +3.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -34.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.74% | — |
Current DrawdownCurrent decline from peak | -25.62% | -28.39% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -8.07% | -15.84% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.37% | 16.48% | -2.11% |
Volatility
FBY vs. META - Volatility Comparison
The current volatility for YieldMax META Option Income ETF (FBY) is 10.26%, while Meta Platforms, Inc. (META) has a volatility of 12.93%. This indicates that FBY experiences smaller price fluctuations and is considered to be less risky than META based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBY | META | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.26% | 12.93% | -2.67% |
Volatility (6M)Calculated over the trailing 6-month period | 23.35% | 27.95% | -4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.66% | 36.25% | -6.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.67% | 44.18% | -15.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.67% | 38.77% | -10.10% |
Dividends
FBY vs. META - Dividend Comparison
FBY's dividend yield for the trailing twelve months is around 57.95%, more than META's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBY YieldMax META Option Income ETF | 57.95% | 55.43% | 53.89% | 8.31% |
META Meta Platforms, Inc. | 0.38% | 0.32% | 0.34% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, FBY and META move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
META has higher volatility (12.93%) compared to FBY (10.26%). In terms of maximum drawdown, FBY dropped -31.53% vs META's -76.74%.
META currently has the higher Sharpe Ratio (-0.47 vs -0.54), 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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