Correlation
The correlation between JPMO and FBY is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
JPMO vs. FBY
Compare and contrast key facts about YieldMax JPM Option Income Strategy ETF (JPMO) and YieldMax META Option Income ETF (FBY).
JPMO and FBY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JPMO is an actively managed fund by YieldMax. It was launched on Sep 11, 2023. FBY is an actively managed fund by YieldMax. It was launched on Jul 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JPMO or FBY.
Performance
JPMO vs. FBY - Performance Comparison
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Key characteristics
JPMO:
0.33
FBY:
1.04
JPMO:
0.71
FBY:
1.44
JPMO:
1.11
FBY:
1.20
JPMO:
0.41
FBY:
0.91
JPMO:
1.35
FBY:
2.73
JPMO:
7.47%
FBY:
10.50%
JPMO:
22.29%
FBY:
29.88%
JPMO:
-24.80%
FBY:
-31.53%
JPMO:
-8.10%
FBY:
-12.12%
Returns By Period
In the year-to-date period, JPMO achieves a 4.40% return, which is significantly higher than FBY's 3.31% return.
JPMO
4.40%
4.11%
1.87%
7.25%
N/A
N/A
N/A
FBY
3.31%
8.61%
3.29%
30.92%
N/A
N/A
N/A
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JPMO vs. FBY - Expense Ratio Comparison
JPMO has a 1.01% expense ratio, which is higher than FBY's 0.99% expense ratio.
Risk-Adjusted Performance
JPMO vs. FBY — Risk-Adjusted Performance Rank
JPMO
FBY
JPMO vs. FBY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax JPM Option Income Strategy ETF (JPMO) and YieldMax META Option Income ETF (FBY). 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.
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Dividends
JPMO vs. FBY - Dividend Comparison
JPMO's dividend yield for the trailing twelve months is around 31.53%, less than FBY's 49.83% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
JPMO YieldMax JPM Option Income Strategy ETF
| 31.53% | 25.15% | 4.84% |
FBY YieldMax META Option Income ETF | 49.83% | 53.90% | 8.31% |
Drawdowns
JPMO vs. FBY - Drawdown Comparison
The maximum JPMO drawdown since its inception was -24.80%, smaller than the maximum FBY drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for JPMO and FBY.
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Volatility
JPMO vs. FBY - Volatility Comparison
The current volatility for YieldMax JPM Option Income Strategy ETF (JPMO) is 4.34%, while YieldMax META Option Income ETF (FBY) has a volatility of 7.16%. This indicates that JPMO experiences smaller price fluctuations and is considered to be less risky than FBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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