# FBY (YieldMax(R) META Option Income Strategy ETF)

YieldMax · Income ETFs · data as of Sep 18, 2026

Over the year to Sep 18, 2026, FBY paid 28.0% in cash and still finished 2.7 points behind META.

## Key facts

- FBY, cash paid, 1 year, on its starting price: 28.0%, as of Sep 18, 2026.
- FBY, total return, 1 year: −17.1%, as of Sep 18, 2026.
- FBY, against META: −2.7 pts, as of Sep 18, 2026.
- FBY, return of capital, latest payout (YieldMax estimate): 95.0%, as of Sep 18, 2026.
- FBY, net assets: $115m (issuer page, as of Sep 18, 2026).
- FBY, expense ratio: 1.06% (485BPOS XBRL, Feb 24, 2026).

## FBY over each window to Sep 18, 2026

| Window | Cash paid | Price | Total return | META | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 10.0% | −2.2% | +8.5% | +15.3% | −6.9 pts |
| 6 months | 18.7% | −15.5% | +4.1% | +12.2% | −8.2 pts |
| 1 year | 28.0% | −44.9% | −17.1% | −14.4% | −2.7 pts |
| 3 years | 110.8% | −54.0% | +68.1% | +120.1% | −52.0 pts |
| Since launch | 107.0% | −56.1% | +62.6% | +106.3% | −43.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | synthetic covered call | ETFIQ |
| Benchmark | (META) | ETFIQ |
| Pays | weekly | ETFIQ |
| Net assets | $115m | issuer page, as of Sep 18, 2026 |
| Latest payout, annualized | 40.9% | ETFIQ |
| Expense ratio | 1.06% | 485BPOS XBRL, Feb 24, 2026 |
| Cash paid, last 12 months, over today’s price | 50.8% | ETFIQ |
| Launched | Jul 28, 2023 | ETFIQ |
| Return of capital, latest distribution | 95.0% | YieldMax 19a-1 estimate |

## Questions

### How much has FBY paid over the last year?

Over the year to Sep 18, 2026, FBY paid 28.0% of its starting price in cash distributions, while the price fell 44.9%.

### Is FBY ahead of META?

Over the year to Sep 18, 2026, with every distribution reinvested, FBY returned −17.1% against −14.4% for (META), so a holder was behind it by 2.7 points.

### How often does FBY pay, and how much?

FBY pays weekly. The latest distribution annualizes to 40.9% at its price on Sep 18, 2026, which is not a promise; the next one can differ.

### Is the FBY distribution return of capital?

YieldMax estimates 95% of the distribution paid Sep 18, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.

### What does FBY cost?

The prospectus expense ratio is 1.06% a year.


## Cite this page

ETFIQ, FBY, data as of Sep 18, 2026. https://etfiq.com/funds/fby
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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