YieldMax META Option Income Strategy ETF (FBY) Performance
FBY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −7.5% since Dec 31, 2025
- 1 year
- −17.0% total return
- 3 years
- +15.2% a year
- Since first price
- +15.1% a year since 2023
FBY trailing returns vs SPY, QQQ, AGG
| Period | FBY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −11.6% | −16.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.9% | −10.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −5.8% | −24.7% | +7.8% | +8.4% | −1.5% |
| YTD | −7.5% | −34.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −17.0% | −45.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +52.9%+15.2%/yr | −59.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJul 28, 2023 | +57.6%+15.1%/yr | −59.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FBY vs SPY
From Jul 28, 2023: FBY grew to $15,755, SPY to $17,307.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FBY returns by calendar year
2 of 2 full years positive. Best 2024 (+44.4%), worst 2025 (+2.0%). 2026 is year to date.
FBY annual returns table
| Year | FBY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −7.5% | −25.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +2.0% | −31.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +44.4% | −15.1% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FBY largest drawdowns
Now 20.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 14, 2025 | −31.5% | Apr 21, 2025 | Aug 12, 2025 | 2 months | 6 months |
| Aug 12, 2025 | −29.5% | Mar 27, 2026 | not yet | 7 months | 1.2 years so far |
| Apr 11, 2024 | −15.1% | Jul 25, 2024 | Aug 21, 2024 | 3 months | 4 months |
| Jul 28, 2023 | −11.2% | Aug 18, 2023 | Oct 6, 2023 | 21 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FBY risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +22.2% | +19.8% |
| Volatility (annualized) | 27.3% | 26.9% |
| Sharpe ratio | 0.71 | 0.64 |
| Sortino ratio | 1.19 | 1.06 |
| Best month | +19.9% | +19.9% |
| Worst month | −12.0% | −12.0% |
| Best 12 months | +63.6% | +63.6% |
| Worst 12 months | −25.9% | −25.9% |
| Positive months | 67% | 66% |
| Beta vs S&P 500 | 1.27 | — |
| Correlation with S&P 500 | 0.58 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FBY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 28 | −25.9% | +15.9% | +63.6% | 68% |
| 3-year (a year) | 4 | +13.4% | +16.6% | +22.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
FBY performance overview
YieldMax META Option Income Strategy ETF (FBY) returned −17.0% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +15.1% a year, turning $10,000 into about $15,755. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.5%, from Feb 14, 2025 to Apr 21, 2025, and it took 4 months to get back to the old high. Volatility has been 26.9% a year.
Related: FBY chart, FBY dividends. See the FBY overview for the latest quote and fund facts.
FBY performance FAQ
What is the FBY return over the past year?
FBY returned −17.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 45.7%.
How much would $10,000 invested in FBY be worth?
$10,000 invested in FBY at its first recorded close on July 28, 2023 would be worth about $15,755 on October 23, 2026 with distributions reinvested.
What was the worst year for FBY?
The worst calendar year was 2025, with a total return of +2.0%. The best was 2024 at +44.4%.
What is the biggest drawdown of FBY?
The largest peak-to-trough decline was −31.5% between February 14, 2025 and April 21, 2025. It recovered to the old high on August 12, 2025, 4 months after the bottom.
How volatile is FBY?
Over the past 3 years FBY had an annualized volatility of 27.3% and a Sharpe ratio of 0.71 (excess return over 1–3 month T-bills per unit of risk).