Data as of .
FBY vs FBYY: which paid, and which earned it?
FBY and FBYY both write options for income.
What they hold in common
By the books each fund has filed, FBY and FBYY hold 0% of their money in the same securities at the same weight.
| Only in FBY | Only in FBYY |
|---|---|
| United States Treasury Note/Bond 2.375% 05/15/2027 23.52% | Treasury Bill 50.24% |
| United States Treasury Bill 02/18/2027 17.30% | Treasury Bill 49.76% |
| United States Treasury Bill 12/10/2026 16.18% | |
| META 10/16/2026 570.01 C 14.96% | |
| United States Treasury Bill 10/15/2026 13.47% | |
| United States Treasury Bill 07/08/2027 12.66% | |
| First American Government Obligations Fund 12/01/2031 2.79% | |
| META US 09/25/26 C710 0.19% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| FBY | FBYY | FBY | FBYY | FBY | FBYY | |
| 3 months | +8.5% | −6.1% | 10.0% | 6.8% | −6.9 pts | −21.5 pts |
| 6 months | +4.1% | −11.0% | 18.7% | 15.7% | −8.2 pts | −23.2 pts |
| 1 year | −17.1% | not published | 28.0% | not published | −2.7 pts | not published |
| 3 years | +68.1% | not published | 110.8% | not published | −52.0 pts | not published |
| Since launch | +62.6% | −36.0% | 107.0% | 25.6% | −43.7 pts | −27.1 pts |
| FBY YieldMax(R) META Option Income Strategy ETF Synthetic covered call on META, paying weekly | FBYY GraniteShares YieldBOOST META ETF Synthetic covered call on META, paying weekly | |
|---|---|---|
| Issuer | YieldMax | GraniteShares |
| Strategy | synthetic covered call | synthetic covered call |
| Benchmark | (META) | (META) |
| Pays | weekly | weekly |
| Payout rate, annualized | 40.9% | 29.7% |
| Expense ratio | 1.06% | 1.07% |
| Cash paid, 1 year | 28.0% | 25.6% (since launch on Oct 21, 2025) |
| Price change, 1 year | −44.9% | −56.9% |
| Total return, 1 year | −17.1% | −36.0% (since launch on Oct 21, 2025) |
| Benchmark return, 1 year | −14.4% | −9.0% |
| Ahead or behind | −2.7 pts | −27.1 pts |
| Return of capital, latest estimate | 95% | 92% |
| Age | 1148 days | 332 days |
| Net assets | $115m | $214,357 |
FBY in plain words
Over the year to Sep 18, 2026, FBY paid 28.0% of its starting value in cash distributions while its price fell 44.9%. With every distribution reinvested, the fund returned −17.1%. (META) returned −14.4% over the same days, so a holder was behind by 2.7 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 40.9%, paid weekly. YieldMax estimates that 95% of the distribution paid Sep 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
FBYY in plain words
Over the period since launch on Oct 21, 2025 to Sep 18, 2026, FBYY paid 25.6% of its starting value in cash distributions while its price fell 56.9%. With every distribution reinvested, the fund returned −36.0%. (META) returned −9.0% over the same days, so a holder was behind by 27.1 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 29.7%, paid weekly. GraniteShares estimates that 92% of the distribution paid Aug 25, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, FBY or FBYY?
- FBY charges 1.06% a year and FBYY charges 1.07%, so FBY is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FBY against FBYY, data as of Sep 18, 2026. https://etfiq.com/compare/income/fby-vs-fbyy Free to use with attribution; the underlying files are at Open data.