YieldMax META Option Income Strategy ETF
BThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$9.78+0.19 (+1.98%)
- 1.06%
- $116M
- −1.6%
- 48.56%
- 0.2M sh
- $9.31
- low $7.93high $15.69
The ETF.net FBY Grade
B
Score 57 out of 100
- 21 of 72
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C51 out of 100Rank 35 of 72Mission
Whether the fund did what it promised, tested against its stated mandate.B56 out of 100Rank 31 of 49Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 28 of 66Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A72 out of 100Rank 7 of 72Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 6 of 72
Our read on FBY
BFBY doesn't own a single share of Meta. It rebuilds META exposure with options, then sells calls against that position to turn the stock's volatility into monthly income. Capped upside is the price of admission.
The fund seeks weekly income by selling call spreads on Meta Platforms Inc. Its strategy aims to harvest option premiums from META volatility while retaining some participation in META share-price appreciation.
Why people hold it
- Options do the work: a synthetic long on META, covered calls written against it, Treasuries as collateral. You ride META's moves up to a cap and collect the premium.sec.gov
- The 1.06% expense ratio sits right at the median for single-stock option-income funds, so the Meta version costs no more than the rest of the shelf.
- Pays monthly and trades as an ordinary 1940 Act ETF: brokerage account, 1099, no partnership paperwork.
- Launched in 2023 with YieldMax's first wave of single-stock income funds, and it lands in the upper half of a crowded peer group.sec.gov
Worth knowing
- The calls it sells cap the upside. If META rips, the fund keeps the premium and gives up the rest, while exposure to a drop stays close to full.sec.gov
- Income comes from option premiums, which swell and shrink with META's volatility. The cadence is monthly; the size of each payout is not fixed.
- Everything rides on one company, and the portfolio holds options and Treasuries rather than META stock, so no shareholder rights come with it.sec.gov
FBY Holdings
- Other
- 9
- 109%
- Cash & Other
Geography
- United States100.00%
FBY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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FBY$9,835
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FBY |
|---|---|
| Year to date | +5.6% |
| 1 month | +12.7% |
| 3 months | +5.4% |
| 1 year | −1.6% |
| 3 years | +19.7% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FBY |
|---|---|---|
| 2026 YTD | +5.6% | |
| 2025 | +2.0% | |
| 2024 | +43.8% | |
| 2023 | +15.5% |
FBY in the news
FBY Dividends
- 48.56%
- $4.66
- $0.11 per share
- Weekly
Distribution history
FBY Risk
- 27.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.71
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −31.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FBY Cost
1.06%
FBY1.06%
- The middle half of Single-Stock Option Income funds
- Median 1.07%
34 of the 71 Single-Stock Option Income funds charge less.
Other funds in Single-Stock Option Income
- BRDYYYieldMax RDDT Option Income Strategy ETFExpense ratio 1.01%1 year return −15.0%
- BAAPYKurv Yield Premium Strategy Apple (AAPL) ETFExpense ratio 1.15%1 year return +37.8%
- BRBLYYieldMax RBLX Option Income Strategy ETFExpense ratio 0.99%1 year return −60.7%
- BYSPCYIELDMAX SPCX OPTION INCOME STRATEGY ETFExpense ratio 1.01%1 year return —
- BCONYYieldMax COIN Option Income Strategy ETFExpense ratio 1.04%1 year return −42.2%