FBY vs QQQ
YieldMax META Option Income Strategy ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | FBY | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.18% | |
| AUM | $109M | $455.8B | |
| Dividend Yield | 59.17% | 0.41% | |
| Holdings | 18 | 108 | |
| YTD Return | -10.96% | +19.68% | |
| 1Y Return | -24.09% | +26.75% | |
| 3Y Return (annualized) | +16.01% | +26.25% | |
| 5Y Return (annualized) | - | +15.39% | |
| Volatility (annualized) | 25.2% | 30.6% | |
| Max Drawdown | -31.5% | -83.0% | |
| Fund Family | YieldMax ETF | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jul 27, 2023 | Mar 10, 1999 |
FBY vs QQQ Performance
YieldMax META Option Income Strategy ETF (FBY) is a ETF from YieldMax ETF and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year FBY returned -24.09% while QQQ returned +26.75%. Year to date, FBY is down 10.96% versus a gain of 19.68% for QQQ.
Over three years, FBY compounded at +16.01% per year against +26.25% for QQQ. Across the full 3-year window we track, FBY has the edge at +14.12% annualized vs +13.15%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 25.2% for FBY. 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 -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBY charges 1.06% per year while QQQ charges 0.18%. On a $10,000 position that is $106 vs $18 annually, a gap of $88 per year that compounds over a long holding period. On income, FBY currently yields 59.17% against 0.41% for QQQ.
Holdings Overlap
FBY and QQQ share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FBY or QQQ?
FBY has an expense ratio of 1.06% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $88 per year of difference.
Which performed better, FBY or QQQ?
Over the past year FBY returned -24.09% vs +26.75% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (3 years), FBY annualized +14.12% vs +13.15% for QQQ. Past performance does not guarantee future results.
Which is riskier, FBY or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 25.2% for FBY. Worst drawdown: FBY -31.5% vs QQQ -83.0%.
Should I hold both FBY and QQQ?
FBY and QQQ have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBY and QQQ?
FBY and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, FBY or QQQ?
FBY yields 59.17% while QQQ yields 0.41%, so FBY currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.