FBY vs. METW

Last updated Jun 4, 2026

FBY (YieldMax META Option Income ETF) and METW (Roundhill Meta Weeklypay ETF) are both exchange-traded funds - FBY is a Derivative Income fund actively managed by YieldMax, while METW is a Technology Equities fund tracking the Ball Metaverse Index. FBY is actively managed, while METW is passively managed. With a 0.98 correlation, they move nearly in lockstep. FBY charges 0.99%/yr vs 0.59%/yr for METW.

Performance

FBY vs. METW - Performance Comparison

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

Returns By Period

In the year-to-date period, FBY achieves a -5.84% return, which is significantly higher than METW's -8.79% return.

FBY

• 1D: 3.88%
• 1M: 2.31%
• YTD: -5.84%
• 6M: -4.65%
• 1Y: -6.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

METW

• 1D: 5.19%
• 1M: 2.24%
• YTD: -8.79%
• 6M: -5.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FBY vs. METW - Yearly Performance Comparison

	2026 (YTD)	2025
FBY YieldMax META Option Income ETF	-5.84%	-4.27%
METW Roundhill Meta Weeklypay ETF	-8.79%	-8.20%

Correlation

The correlation between FBY and METW 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 (All Time) Calculated using the full available price history since Jun 20, 2025	0.98

Return for Risk

FBY vs. METW — Risk / Return Rank

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

FBY

FBY Risk / Return Rank: 6
FBY Sharpe Ratio Rank: 6
FBY Sortino Ratio Rank: 7
FBY Omega Ratio Rank: 7
FBY Calmar Ratio Rank: 7
FBY Martin Ratio Rank: 6

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. METW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax META Option Income ETF (FBY) and Roundhill Meta Weeklypay ETF (METW). 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	METW	Difference
Sharpe ratio Return per unit of total volatility	-0.23	—	—
Sortino ratio Return per unit of downside risk	-0.12	—	—
Omega ratio Gain probability vs. loss probability	0.98	—	—
Calmar ratio Return relative to maximum drawdown	-0.22	—	—
Martin ratio Return relative to average drawdown	-0.49	—	—
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	METW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	-0.40	+1.04

Drawdowns

FBY vs. METW - Drawdown Comparison

The maximum FBY drawdown since its inception was -31.53%, smaller than the maximum METW drawdown of -40.52%. Use the drawdown chart below to compare losses from any high point for FBY and METW.

Drawdown Indicators

	FBY	METW	Difference
Max Drawdown Largest peak-to-trough decline	-31.53%	-40.52%	+8.99%
Max Drawdown (1Y) Largest decline over 1 year	-29.50%	—	—
Current Drawdown Current decline from peak	-19.08%	-27.63%	+8.55%
Average Drawdown Average peak-to-trough decline	-7.82%	-17.31%	+9.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.41%	—	—

Volatility

Volatility by Period

	FBY	METW	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.89%	42.57%	-13.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.53%	42.57%	-14.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.53%	42.57%	-14.04%

FBY vs. METW - Expense Ratio Comparison

FBY has a 0.99% expense ratio, which is higher than METW's 0.59% expense ratio.

Dividends

FBY vs. METW - Dividend Comparison

FBY's dividend yield for the trailing twelve months is around 55.74%, which matches METW's 55.37% yield.

Position	TTM	2025	2024	2023
FBY YieldMax META Option Income ETF	55.74%	55.43%	53.89%	8.31%
METW Roundhill Meta Weeklypay ETF	55.37%	30.89%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FBY and METW in my portfolio?

With a correlation of 0.98, FBY and METW 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.

Which ETF is better, FBY or METW?

On fees, METW is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBY or METW?

METW is cheaper with a 0.59% expense ratio, compared with 0.99% for FBY.

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

FBY has the higher dividend yield at 55.74%, compared with 55.37% for METW.

What is the main difference between FBY and METW?

FBY is categorized as Derivative Income, while METW is Technology Equities. They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 0.99% for FBY and 0.59% for METW.