FBY vs YMAX
YieldMax META Option Income Strategy ETF vs YieldMax Universe Fund of Option Income ETF
Which is better, FBY or YMAX?
Each has led over a different period.
FBY has a lower expense ratio. FBY led over the full window, YMAX 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 | FBY | YMAX |
|---|---|---|
| Expense Ratio | 1.06%Best | 1.33% |
| AUM | $122M | $367M |
| Dividend Yield | 48.91% | 66.30% |
| Holdings | 30 | 60 |
| YTD Return | +6.50% | +8.41%Best |
| 1Y Return | -3.99% | -1.48%Best |
| 3Y Return (annualized) | +19.68% | - |
| Volatility (annualized) | 27.9% | 19.8%Best |
| Max Drawdown | -31.5% | -26.1%Best |
| $10,000 over 2.7 years | $15,368Best | $14,543 |
| Fund Family | YieldMax ETF | YieldMax ETF |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 27, 2023 | Jan 16, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.7 years row, are measured over the window both funds cover: Jan 17, 2024 to Oct 15, 2026 (2.7 years).
FBY vs YMAX 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 2.7 years both funds cover.
FBY vs YMAX Performance
YieldMax META Option Income Strategy ETF (FBY) is an ETF from YieldMax ETF and YieldMax Universe Fund of Option Income ETF (YMAX) is an ETF from YieldMax ETF. Over the past year FBY returned -3.99% while YMAX returned -1.48%. Year to date, FBY is up 6.50% versus a gain of 8.41% for YMAX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBY has been the more volatile fund, with annualized monthly volatility of 27.9% compared with 19.8% for YMAX. 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 -31.5% for FBY and -26.1% for YMAX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FBY charges 1.06% per year while YMAX charges 1.33%. On a $10,000 position that is $106 vs $133 annually, a gap of $27 per year that compounds over a long holding period. On income, FBY currently yields 48.91% against 66.30% for YMAX.
Holdings Overlap
At least 0.9% of YMAX's money is in holdings FBY also owns.
Stated as a floor: for FBY, our book for it covers 28.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 2 positions we hold weights for in FBY and 29 in YMAX, against full books of 30 and 60.
Top Shared Holdings
| Stock | Weight in FBY | Weight in YMAX | Difference |
|---|---|---|---|
| FGXXXFirst American Government Obligations Fund | 0.67% | 0.89% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of FBY and YMAX 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, FBY or YMAX?
FBY has an expense ratio of 1.06% while YMAX charges 1.33%. FBY is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, FBY or YMAX?
Over the past year FBY returned -3.99% vs -1.48% for YMAX, so YMAX leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBY or YMAX?
FBY has been the more volatile fund at 27.9% annualized versus 19.8% for YMAX. Worst drawdown: FBY -31.5% vs YMAX -26.1%.
Should I hold both FBY and YMAX?
FBY and YMAX have a monthly-return correlation of 0.54, 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, FBY or YMAX?
FBY yields 48.91% while YMAX yields 66.30%, so YMAX currently pays the higher dividend yield.
Is YMAX better than FBY?
FBY has a lower expense ratio. FBY led over the full window, YMAX over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.