FBY vs. XYLD
FBY (YieldMax META Option Income Strategy ETF) and XYLD (Global X S&P 500 Covered Call ETF) are both Derivative Income funds. FBY is actively managed, while XYLD is passively managed. Over the past 3 years, FBY returned 12.92%/yr vs 11.51%/yr for XYLD. Their 0.49 correlation means their historical movements had little consistent relationship. FBY charges 0.99%/yr vs 0.60%/yr for XYLD.
Performance
FBY vs. XYLD - Performance Comparison
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Returns By Period
In the year-to-date period, FBY achieves a -15.55% return, which is significantly lower than XYLD's 8.05% return.
FBY
- 1D
- 2.07%
- 1M
- -4.56%
- 6M
- -21.00%
- YTD
- -15.55%
- 1Y
- -24.10%
- 3Y*
- 12.92%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.50%
XYLD
- 1D
- 0.49%
- 1M
- 1.82%
- 6M
- 6.81%
- YTD
- 8.05%
- 1Y
- 18.90%
- 3Y*
- 11.51%
- 5Y*
- 7.90%
- 10Y*
- 8.34%
- ALL TIME*
- 8.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.42M | $1.53M | $1.62M | |
| $36.93M | $37.58M | $32.35M |
FBY vs. XYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FBY YieldMax META Option Income Strategy ETF | -15.55% | 1.98% | 44.42% | 17.68% |
XYLD Global X S&P 500 Covered Call ETF | 8.05% | 8.02% | 19.49% | -0.04% |
Correlation
The correlation between FBY and XYLD is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2023 | 0.49 |
The correlation between FBY and XYLD has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
FBY vs. XYLD — Risk / Return Rank
FBY
XYLD
FBY vs. XYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax META Option Income Strategy ETF (FBY) and Global X S&P 500 Covered Call ETF (XYLD). 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 | XYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.34 | ||
| Sortino ratioReturn per unit of downside risk | -4.62 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.56 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.88 | 3.40 | -4.28 |
| Martin ratioReturn relative to average drawdown | -1.61 | 17.69 | -19.30 |
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Drawdowns
FBY vs. XYLD - Drawdown Comparison
The maximum FBY drawdown since its inception was -31.53%, smaller than the maximum XYLD drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for FBY and XYLD.
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Drawdown Indicators
| FBY | XYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.53% | -33.46% | +1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -29.50% | -5.29% | -24.21% |
Max Drawdown (3Y)Largest decline over 3 years | -31.53% | -15.53% | -16.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.46% | — |
Current DrawdownCurrent decline from peak | -27.42% | 0.00% | -27.42% |
Average DrawdownAverage peak-to-trough decline | -8.56% | -3.68% | -4.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 1.02% | +15.07% |
Volatility
FBY vs. XYLD - Volatility Comparison
YieldMax META Option Income Strategy ETF (FBY) has a higher volatility of 13.27% compared to Global X S&P 500 Covered Call ETF (XYLD) at 1.92%. This indicates that FBY's price experiences larger fluctuations and is considered to be riskier than XYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FBY | XYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.27% | 1.92% | +11.35% |
Volatility (6M)Calculated over the trailing 6-month period | 25.65% | 5.97% | +19.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.93% | 7.13% | +25.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.49% | 11.27% | +18.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.49% | 14.15% | +15.34% |
FBY vs. XYLD - Expense Ratio Comparison
FBY has a 0.99% expense ratio, which is higher than XYLD's 0.60% expense ratio.
Dividends
FBY vs. XYLD - Dividend Comparison
FBY's dividend yield for the trailing twelve months is around 62.78%, more than XYLD's 10.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBY YieldMax META Option Income Strategy ETF | 62.78% | 55.43% | 53.89% | 8.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XYLD Global X S&P 500 Covered Call ETF | 10.53% | 10.51% | 11.54% | 10.51% | 13.43% | 9.07% | 7.93% | 5.76% | 7.12% | 5.18% | 3.23% | 4.65% |
Frequently Asked Questions
FBY and XYLD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBY has higher volatility (13.27%) compared to XYLD (1.92%). In terms of maximum drawdown, FBY dropped -31.53% vs XYLD's -33.46%.
On 3-year performance, FBY leads with 12.92% vs 11.51% for XYLD. On fees, XYLD is cheaper at 0.60% per year. On volatility, XYLD has been the lower-risk option at 1.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FBY has performed better with a 12.92% return vs 11.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XYLD is cheaper with a 0.60% expense ratio, compared with 0.99% for FBY.
FBY has the higher dividend yield at 62.78%, compared with 10.53% for XYLD.
They also come from different issuers: YieldMax and Global X. Their fees differ too: 0.99% for FBY and 0.60% for XYLD.
XYLD currently has the higher Sharpe Ratio (2.53 vs -0.81), 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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