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 -8.88% vs -8.17% 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 -1.74% return, which is significantly lower than META's -0.33% return.
FBY
- 1D
- -1.75%
- 1M
- 13.32%
- 6M
- 0.55%
- YTD
- -1.74%
- 1Y
- -8.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
META
- 1D
- -1.86%
- 1M
- 15.94%
- 6M
- 2.48%
- YTD
- -0.33%
- 1Y
- -8.17%
- 3Y*
- 28.96%
- 5Y*
- 13.77%
- 10Y*
- 18.95%
FBY vs. META - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FBY YieldMax META Option Income ETF | -1.74% | 1.98% | 44.42% | 17.68% |
META Meta Platforms, Inc. | -0.33% | 13.09% | 66.05% | 13.55% |
Correlation
The correlation between FBY and META is 0.99 - 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 | 0.99 |
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 0.99 - 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 | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.99 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.30 | -0.25 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.58 | -0.47 | -0.11 |
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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 | -15.55% | -16.60% | +1.05% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -15.88% | +7.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.34% | 17.48% | -2.14% |
Volatility
FBY vs. META - Volatility Comparison
The current volatility for YieldMax META Option Income ETF (FBY) is 13.11%, while Meta Platforms, Inc. (META) has a volatility of 15.94%. 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 | 13.11% | 15.94% | -2.83% |
Volatility (6M)Calculated over the trailing 6-month period | 26.01% | 30.92% | -4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.80% | 38.51% | -6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.24% | 44.55% | -15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.24% | 38.97% | -9.73% |
Dividends
FBY vs. META - Dividend Comparison
FBY's dividend yield for the trailing twelve months is around 53.81%, more than META's 0.32% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBY YieldMax META Option Income ETF | 53.81% | 55.43% | 53.89% | 8.31% |
META Meta Platforms, Inc. | 0.32% | 0.32% | 0.34% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, 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 (15.94%) compared to FBY (13.11%). In terms of maximum drawdown, FBY dropped -31.53% vs META's -76.74%.
META currently has the higher Sharpe Ratio (-0.21 vs -0.28), 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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