PLTY vs. FBY
PLTY (YieldMax PLTR Option Income Strategy ETF) and FBY (YieldMax META Option Income ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, PLTY returned -14.92% vs -17.63% for FBY. At a 0.38 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
PLTY vs. FBY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PLTY achieves a -26.92% return, which is significantly lower than FBY's -13.50% return.
PLTY
- 1D
- -2.42%
- 1M
- -12.09%
- YTD
- -26.92%
- 6M
- -32.83%
- 1Y
- -14.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FBY
- 1D
- -0.06%
- 1M
- -7.14%
- YTD
- -13.50%
- 6M
- -13.67%
- 1Y
- -17.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTY vs. FBY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTY YieldMax PLTR Option Income Strategy ETF | -26.92% | 78.06% | 52.50% |
FBY YieldMax META Option Income ETF | -13.50% | 1.98% | 4.72% |
Correlation
The correlation between PLTY and FBY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024 | 0.38 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PLTY vs. FBY — Risk / Return Rank
PLTY
FBY
PLTY vs. FBY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) 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.
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.
| PLTY | FBY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.91 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | -0.60 | +0.19 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.22 | +0.43 |
Loading charts...
Drawdowns
PLTY vs. FBY - Drawdown Comparison
The maximum PLTY drawdown since its inception was -36.62%, which is greater than FBY's maximum drawdown of -31.53%. Use the drawdown chart below to compare losses from any high point for PLTY and FBY.
Loading charts...
Drawdown Indicators
| PLTY | FBY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.62% | -31.53% | -5.09% |
Max Drawdown (1Y)Largest decline over 1 year | -36.62% | -29.50% | -7.12% |
Current DrawdownCurrent decline from peak | -36.62% | -25.66% | -10.96% |
Average DrawdownAverage peak-to-trough decline | -13.27% | -8.09% | -5.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.00% | 14.46% | +4.54% |
Volatility
PLTY vs. FBY - Volatility Comparison
YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 16.40% compared to YieldMax META Option Income ETF (FBY) at 10.24%. This indicates that PLTY's price experiences larger fluctuations and is considered to be riskier than FBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PLTY | FBY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.40% | 10.24% | +6.16% |
Volatility (6M)Calculated over the trailing 6-month period | 32.73% | 23.30% | +9.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.35% | 29.60% | +13.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.67% | 28.65% | +24.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.67% | 28.65% | +24.02% |
PLTY vs. FBY - Expense Ratio Comparison
Both PLTY and FBY have an expense ratio of 0.99%.
Dividends
PLTY vs. FBY - Dividend Comparison
PLTY's dividend yield for the trailing twelve months is around 125.34%, more than FBY's 57.98% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBY YieldMax META Option Income ETF | 57.98% | 55.43% | 53.89% | 8.31% |
PLTY YieldMax PLTR Option Income Strategy ETF | 125.34% | 112.44% | 7.85% | 0.00% |
Frequently Asked Questions
PLTY and FBY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTY has higher volatility (16.40%) compared to FBY (10.24%). In terms of maximum drawdown, PLTY dropped -36.62% vs FBY's -31.53%.
On 1-year performance, PLTY leads with -14.92% vs -17.63% for FBY. Both ETFs have the same 0.99% expense ratio. On volatility, FBY has been the lower-risk option at 10.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PLTY has performed better with a -14.92% return vs -17.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PLTY and FBY have the same expense ratio: 0.99% per year.
PLTY has the higher dividend yield at 125.34%, compared with 57.98% for FBY.
PLTY currently has the higher Sharpe Ratio (-0.35 vs -0.60), 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.
Find the right allocation for PLTY and FBY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer