BUYW vs FIAT
Main BuyWrite ETF vs YieldMax Short COIN Option Income Strategy ETF
Which is better, BUYW or FIAT?
Each has led over a different period.
BUYW has a lower expense ratio. BUYW led over the full window, FIAT over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BUYW | FIAT |
|---|---|---|
| Expense Ratio | 0.99%Best | 1.05% |
| AUM | $1.5B | $30M |
| Dividend Yield | 5.97% | 122.18% |
| Holdings | 44 | 15 |
| YTD Return | +2.17% | +4.11%Best |
| 1Y Return | +3.56% | +35.51%Best |
| 3Y Return (annualized) | +7.50% | - |
| Volatility (annualized) | 3.3%Best | 55.0% |
| Max Drawdown | -9.4%Best | -70.5% |
| $10,000 over 2.3 years | $11,514Best | $5,438 |
| Fund Family | Main Management Fund Advisors, LLC | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Dec 29, 2015 | Jul 9, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.3 years row, are measured over the window both funds cover: Jul 10, 2024 to Oct 14, 2026 (2.3 years).
BUYW vs FIAT growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.3 years both funds cover.
BUYW vs FIAT Performance
Main BuyWrite ETF (BUYW) is an ETF from Main Management Fund Advisors, LLC and YieldMax Short COIN Option Income Strategy ETF (FIAT) is an ETF from YieldMax ETF. Over the past year BUYW returned +3.56% while FIAT returned +35.51%. Year to date, BUYW is up 2.17% versus a gain of 4.11% for FIAT.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FIAT has been the more volatile fund, with annualized monthly volatility of 55.0% compared with 3.3% for BUYW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.4% for BUYW and -70.5% for FIAT. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.41. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BUYW charges 0.99% per year while FIAT charges 1.05%. On a $10,000 position that is $99 vs $105 annually, a gap of $6 per year that compounds over a long holding period. On income, BUYW currently yields 5.97% against 122.18% for FIAT.
Holdings Overlap
We hold position weights for 9 holdings in BUYW and 2 in FIAT, totalling 115.1% and 18.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 9 positions we hold weights for in BUYW and 2 in FIAT, against full books of 44 and 15.
You are not choosing between two funds in isolation.
Whichever of BUYW and FIAT you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BUYW or FIAT?
BUYW has an expense ratio of 0.99% while FIAT charges 1.05%. BUYW is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, BUYW or FIAT?
Over the past year BUYW returned +3.56% vs +35.51% for FIAT, so FIAT leads on 1-year performance. Over the longest common window we track (2 years), BUYW annualized +6.32% vs -23.27% for FIAT. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BUYW or FIAT?
FIAT has been the more volatile fund at 55.0% annualized versus 3.3% for BUYW. Worst drawdown: BUYW -9.4% vs FIAT -70.5%.
Should I hold both BUYW and FIAT?
BUYW and FIAT have a monthly-return correlation of -0.41, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BUYW or FIAT?
BUYW yields 5.97% while FIAT yields 122.18%, so FIAT currently pays the higher dividend yield.
Is FIAT better than BUYW?
BUYW has a lower expense ratio. BUYW led over the full window, FIAT over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.