Which is cheaper, FBY or XVMT?

FBY charges 1.06% a year and XVMT charges 0.85%, so XVMT is cheaper. Fees come from each fund's prospectus.

FBY vs XVMT: which paid, and which earned it?

FBY and XVMT both write options for income. YieldMax(R) META Option Income Strategy ETF and FT Vest META & Target Income ETF.

29.9%

FBY cash paid, 1 year

0.0%

XVMT cash paid, since launch

−7.0%

FBY total return, 1 year

−2.1%

XVMT total return, since launch

FBY · 1 year to Sep 30, 20266.1 pts behind META

FBY

−7.0%

META

−0.9%

6.1 pts behind META

FBY over 1 year: paid 29.9%, price −38.8%, total −7.0%, META −0.9%, −6.1 pts.

META

−0.9%

FBY

−7.0%

6.1 pts behind META

Total return, distributions reinvested

6.1 pts behind META

FBY over 1 year: paid 29.9%, price −38.8%, total −7.0%, META −0.9%, −6.1 pts.

META

−0.9%

FBY

−7.0%

6.1 pts behind META

29.9% of it arrived as cash. Total return, distributions reinvested. FBY over 1 year: paid 29.9%, price −38.8%, total −7.0%, META −0.9%, −6.1 pts.

XVMT · since launch to Sep 30, 2026About even with META

XVMT

−2.1%

META

−2.5%

About even with META

XVMT since launch: paid 0.0%, price −2.1%, total −2.1%, META −2.5%, +0.4 pts.

META

−2.5%

XVMT

−2.1%

about even with META

Total return, distributions reinvested

About even with META

XVMT since launch: paid 0.0%, price −2.1%, total −2.1%, META −2.5%, +0.4 pts.

META

−2.5%

XVMT

−2.1%

about even with META

0.0% of it arrived as cash. Both charts share one scale, 0 to −0.9%. XVMT since launch: paid 0.0%, price −2.1%, total −2.1%, META −2.5%, +0.4 pts.

What they hold in common

By the books each fund has filed, FBY and XVMT hold 0% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 1, 2026 and Sep 30, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding FBY XVMT

Only in FBY

United States Treasury Note/Bond 2.375% 05/15/2027 22.56%

META 10/16/2026 570.01 C 21.88%

United States Treasury Bill 02/18/2027 16.60%

United States Treasury Bill 12/10/2026 13.31%

United States Treasury Bill 10/15/2026 12.93%

United States Treasury Bill 07/08/2027 12.14%

First American Government Obligations Fund 12/01/2031 0.72%

META US 10/02/26 C785 0.04%

Only in XVMT

2026-10-23 S&P 500® Mini Index P 1,500.03 292.22%

2026-10-23 S&P 500® Mini Index C 500.03 106.62%

Meta Platforms, Inc. (Class A) 50.50%

US Dollar 6.56%

2026-10-23 Meta Platforms, Inc. (Class A) C 5,991.75 0.00%

2026-10-23 S&P 500® Mini Index C 1,500.03 0.00%

2026-10-23 S&P 500® Mini Index P 500.03 -0.02%

2026-10-02 Meta Platforms, Inc. (Class A) C 750 -0.05%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed.

Performance, window by window

	Total return		Cash paid		Against the benchmark
Window	FBY	XVMT	FBY	XVMT	FBY	XVMT
3 months	+11.3%	not published	10.1%	not published	−7.1 pts	not published
6 months	+16.6%	not published	19.9%	not published	−8.8 pts	not published
1 year	−7.0%	not published	29.9%	not published	−6.1 pts	not published
3 years	+82.1%	not published	112.3%	not published	−61.7 pts	not published
Since launch FBY Jul 2023 · XVMT Sep 2026	+74.5%	−2.1%	107.4%	0.0%	−50.3 pts	+0.4 pts

FBY and XVMT over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

FBY

YieldMax(R) META Option Income Strategy ETF · Synthetic covered call on META, paying weekly

XVMT

FT Vest META & Target Income ETF · Option income on META

Issuer YieldMax First Trust

Strategy synthetic covered call option income

Benchmark (META) (META)

Pays weekly not established

Payout rate, annualized 53.1% not published

Expense ratio 1.06% 0.85%

Cash paid, 1 year 29.9% 0.0% (since launch on Sep 23, 2026)

Price change, 1 year −38.8% −2.1%

Total return, 1 year −7.0% −2.1% (since launch on Sep 23, 2026)

Benchmark return, 1 year −0.9% −2.5%

Ahead or behind −6.1 pts +0.4 pts

Return of capital, latest estimate 97% not published

Age 1160 days 7 days

Net assets $120m $1m

FBY and XVMT on the same fields, as of Sep 30, 2026. Source: ETFIQ.

FBY in plain words

Over the year to Sep 30, 2026, FBY paid 29.9% of its starting value in cash distributions while its price fell 38.8%. With every distribution reinvested, the fund returned −7.0%. (META) returned −0.9% over the same days, so a holder was behind by 6.1 pts. At its price on Sep 30, 2026 the latest distribution annualizes to 53.1%, paid weekly. YieldMax estimates that 97% of the distribution paid Oct 2, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

XVMT in plain words

Over the period since launch on Sep 23, 2026 to Sep 30, 2026, XVMT paid 0.0% of its starting value in cash distributions while its price fell 2.1%. With every distribution reinvested, the fund returned −2.1%. (META) returned −2.5% over the same days, so a holder was about even.

Questions people ask

Which is cheaper, FBY or XVMT?: FBY charges 1.06% a year and XVMT charges 0.85%, so XVMT is cheaper. Fees come from each fund's prospectus.

Other comparisons

FBY vs FBYY FBY vs MEIB FBY vs METW XVMT vs FBYY XVMT vs MEIB XVMT vs METW

FBY on its own →XVMT on its own →How every figure is computed →Standards and sources →

Where these figures came from

FBY filings on SEC EDGAR ↗FBY prospectus with the expense ratio (SEC) ↗FBY 19a-1 distribution notice ↗YieldMax page for FBY ↗XVMT filings on SEC EDGAR ↗XVMT prospectus with the expense ratio (SEC) ↗First Trust page for XVMT ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, FBY against XVMT, data as of Sep 30, 2026. https://etfiq.com/compare/income/fby-vs-xvmt

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.