FBY vs PSEP
YieldMax META Option Income Strategy ETF vs Innovator U.S. Equity Power Buffer ETF - September
Which is better, FBY or PSEP?
Each has led over a different period.
PSEP has a lower expense ratio. FBY led over 3Y and the full window, PSEP over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FBY | PSEP |
|---|---|---|
| Expense Ratio | 1.06% | 0.79%Best |
| AUM | $122M | $1.2B |
| Dividend Yield | 48.91% | 0.00% |
| Holdings | 30 | 12 |
| YTD Return | +4.62% | +7.66%Best |
| 1Y Return | -4.56% | +10.18%Best |
| 3Y Return (annualized) | +18.99%Best | +12.76% |
| 5Y Return (annualized) | - | +9.76% |
| Volatility (annualized) | 26.6% | 6.2%Best |
| Max Drawdown | -31.5% | -9.9%Best |
| $10,000 over 3.2 years | $17,523Best | $14,025 |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 27, 2023 | Aug 30, 2019 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Jul 28, 2023 to Oct 14, 2026 (3.2 years).
FBY vs PSEP growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
FBY vs PSEP Performance
YieldMax META Option Income Strategy ETF (FBY) is an ETF from YieldMax ETF and Innovator U.S. Equity Power Buffer ETF - September (PSEP) is an ETF from Innovator ETFs Trust. Over the past year FBY returned -4.56% while PSEP returned +10.18%. Year to date, FBY is up 4.62% versus a gain of 7.66% for PSEP.
Over three years, FBY compounded at +18.99% per year against +12.76% for PSEP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBY has been the more volatile fund, with annualized monthly volatility of 26.6% compared with 6.2% for PSEP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.5% for FBY and -9.9% for PSEP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.54. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FBY charges 1.06% per year while PSEP charges 0.79%. On a $10,000 position that is $106 vs $79 annually, a gap of $27 per year that compounds over a long holding period. On income, FBY currently yields 48.91% against 0.00% for PSEP.
Holdings Overlap
We hold position weights for 2 holdings in FBY and 494 in PSEP, totalling 28.6% and 98.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in FBY and 494 in PSEP, against full books of 30 and 12.
You are not choosing between two funds in isolation.
Whichever of FBY and PSEP you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FBY or PSEP?
FBY has an expense ratio of 1.06% while PSEP charges 0.79%. PSEP is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, FBY or PSEP?
Over the past year FBY returned -4.56% vs +10.18% for PSEP, so PSEP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FBY or PSEP?
FBY has been the more volatile fund at 26.6% annualized versus 6.2% for PSEP. Worst drawdown: FBY -31.5% vs PSEP -9.9%.
Should I hold both FBY and PSEP?
FBY and PSEP have a monthly-return correlation of 0.54, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FBY or PSEP?
FBY yields 48.91% while PSEP yields 0.00%, so FBY currently pays the higher dividend yield.
Is PSEP better than FBY?
PSEP has a lower expense ratio. FBY led over 3Y and the full window, PSEP over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.