ACYQ vs FBY: Grades, Fees and Holdings Compared

FT Vest Autocallable Barrier & High Income ETF

ACYQANYSE Arca

YieldMax META Option Income Strategy ETF

FBYCNYSE Arca

Overlap

0.0%by weight

Expense ratio

ACYQ −0.31pt a year

ACYQ0.75%FBY1.06%

Avg volume · 30D

FBY 1.6×the volume

ACYQ98KFBY159K

ACYQ vs FBY Performance

Jul 31, 2026 – Oct 28, 2026

+6.6%ACYQ+4.9%FBY

Expense ratio: ACYQ 0.75%, better; FBY 1.06%
Fund size: ACYQ $102M; FBY $97M
1Y total return: ACYQ No data; FBY −11.1%
Yield (12M): ACYQ No data; FBY 56.77%
Holdings: ACYQ 7; FBY 12
Avg volume (30D): ACYQ 98K sh; FBY 159K sh, better
NAV per share: ACYQ $20.20; FBY $7.90
52W range

ETF.net Grade

ACYQ as of Oct 28, 2026

Pillar letters and Scores for ACYQ, FBY, with each pillar’s weight
Pillar	ACYQ	FBY
Cost30% weight	A99Higher	C44
Mission25% weight	Not scored	B56
Risk15% weight	A96Higher	C48
Tradability15% weight	B55	B66Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	B66	A85Higher

Rank among Single-Stock Option Income funds

How we build Categories ›

Same Category. ACYQ and FBY are both graded against the same 71 Single-Stock Option Income funds, so their Grades compare head to head.

Single-Stock Option Income⁠

Category · 71 funds

See all 71 ›

ACYQ ranks 2nd and FBY 30th of 71 funds in the Single-Stock Option Income Category.

Rank 1AKWINKraneShares Wahed Alternative Income Index ETFScore 87
Rank 2AACYQFT Vest Autocallable Barrier & High Income ETFScore 85
Rank 3AXXVSimplify Ancorato Target 25 Distribution ETFScore 84
Rank 30CCONYYieldMax COIN Option Income Strategy ETFScore 54
Rank 30CFBYYieldMax META Option Income Strategy ETFScore 54
Rank 32CHIYYYieldMax HIMS Option Income Strategy ETFScore 53

Our read on each fund

ETF.net Research

ACYQAFT Vest Autocallable Barrier & High Income ETF

FBYCYieldMax META Option Income Strategy ETF

In short

ACYQ No data

FBY FBY 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.

Stated mandate

ACYQ No data

FBY 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

ACYQ No data

FBY 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

ACYQ No data

FBY 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

Full ACYQ profile⁠

Full FBY profile⁠

ACYQ vs FBY Holdings

As of Oct 28, 2026

How ACYQ and FBY differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ACYQ and 0.0% of FBY.

Level by level

Holdings0 in both0.0%

Sector

No Sector split for ACYQ and FBY.

Country, concentration and asset class

Country by domicile

No country split for ACYQ.

Concentration

Weight in the 10 largest Holdings

ACYQ100.0%
FBY122.4%

Securities held

ACYQ6
FBY11

Asset class

ACYQ: Multi-Asset
FBY: Alternatives

Holdings

Only in ACYQ6
In both0
Only in FBY11

Only in ACYQ

6 securities, 98.4% of ACYQ by weight

U.S. Treasury Bill, 0%, due 11/27/202633.26%
U.S. Treasury Bill, 0%, due 12/31/202632.26%
U.S. Treasury Bill, 0%, due 10/29/202631.90%
U.S. Treasury Bill, 0%, due 01/28/20270.64%
ACYQ Autocall Derivative JPMorgan0.18%
ACYQ Autocall Derivative BNP0.13%

Only in FBY

11 securities, 100% of FBY by weight

United States Treasury Note/Bond 2.375% 05/15/202727.76%
United States Treasury Note/Bond 3.375% 09/15/202725.88%
United States Treasury Bill 07/08/202725.11%
United States Treasury Bill 02/18/202720.46%
United States Treasury Bill 12/10/202611.60%
First American Government Obligations Fund 12/01/20313.06%
Meta 12/18/2026 740.01 C0.78%
Meta Us 11/06/26 C6600.16%
Meta Us 11/06/26 C647.50.16%
Meta Us 11/06/26 C6650.05%
Meta Us 11/06/26 C652.50.02%

Weight gaps

ACYQ and FBY share no securities.

All 3 ACYQ holdings⁠All 9 FBY holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ACYQ vs FBY Cost

Overpaying FBY vs ACYQ

$5,173

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ACYQ 0.75%
$14,482
FBY 1.06%
$19,655

Amount$10,000

Years30 years

Cost over time

ACYQ 0.75%
FBY 1.06%
Overpaying

Year by year

Year	ACYQ	FBY	Overpaying
10	$1,336	$1,864	$528
20	$5,078	$6,987	$1,909
30	$14,482	$19,655	$5,173

Expense ratio

0.75%ACYQ, cheaper
1.06%FBY

ACYQ0.75%FBY1.06%

0.51%1.91%

Middle half of Single-Stock Option Income funds
Median 1.04%

ACYQ 2nd cheapest of 71 funds

FBY 40th cheapest of 71 funds

ACYQ vs FBY Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ACYQ No data; FBY 56.77%
Payout (12M): ACYQ No data; FBY $4.48
Last payment: ACYQ $0.39; FBY $0.05
Ex-dividend: ACYQ Oct 1, 2026; FBY Oct 29, 2026
Paid on: ACYQ Oct 2, 2026; FBY Oct 30, 2026
Frequency: ACYQ Monthly; FBY Weekly

Distribution history

Per share, 2026, same scale for both

ACYQMonthly · 2 paymentsAll ACYQ payments⁠

FBYWeekly · 44 paymentsAll FBY payments⁠

ACYQ vs FBY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ACYQ No dataFBY 28.6%
Return per unit of riskSharpe ratio, 3 years: ACYQ No dataFBY 0.48
Worst fallMax drawdown, 5 years: ACYQ No dataFBY −31.5%since Jul 2023
Market sensitivityBeta, 5 years: ACYQ 1.82FBY 1.07; Market = 1

ACYQ and FBY in the news

All news⁠

New ETFs
First Trust's new ETF buffers the contracts, not the shares
Oct 8, 2026ACYQ
New ETFs
First Trust charges less than YieldMax, but YieldMax has the payout and the assets
Oct 5, 2026FBY
New ETFs
First Trust income ETFs own the stock, cost less than YieldMax, and start small
Oct 5, 2026FBY
ETF Filings
First Trust proposes an autocallable ETF that rolls into the most volatile sector
Sep 22, 2026ACYQ
Top Movers
Meta adds $192 billion after Muse tops the charts
Sep 21, 2026FBY
Top Movers
Tanker ETF gains 6% as freight outruns $100 Brent
Sep 9, 2026FBY

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ACYQ vs FBY

In short

Stated mandate

Why people hold it