FBY vs SPY
YieldMax META Option Income Strategy ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | FBY | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 1.06% | 0.09% | |
| AUM | $109M | $789.1B | |
| Dividend Yield | 59.17% | 1.01% | |
| Holdings | 18 | 505 | |
| YTD Return | -10.04% | +13.39% | |
| 1Y Return | -22.06% | +22.52% | |
| 3Y Return (annualized) | +16.44% | +21.36% | |
| 5Y Return (annualized) | - | +13.19% | |
| Volatility (annualized) | 25.3% | 15.3% | |
| Max Drawdown | -31.5% | -56.5% | |
| Fund Family | YieldMax ETF | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jul 27, 2023 | Jan 22, 1993 |
FBY vs SPY Performance
YieldMax META Option Income Strategy ETF (FBY) is a ETF from YieldMax ETF and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year FBY returned -22.06% while SPY returned +22.52%. Year to date, FBY is down 10.04% versus a gain of 13.39% for SPY.
Over three years, FBY compounded at +16.44% per year against +21.36% for SPY. Across the full 3-year window we track, FBY has the edge at +14.54% annualized vs +8.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FBY has been the more volatile fund, with annualized monthly volatility of 25.3% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FBY charges 1.06% per year while SPY charges 0.09%. On a $10,000 position that is $106 vs $9 annually, a gap of $97 per year that compounds over a long holding period. On income, FBY currently yields 59.17% against 1.01% for SPY.
Holdings Overlap
FBY and SPY share 0 holdings out of 505 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 SPY?
FBY has an expense ratio of 1.06% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $97 per year of difference.
Which performed better, FBY or SPY?
Over the past year FBY returned -22.06% vs +22.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), FBY annualized +14.54% vs +8.84% for SPY. Past performance does not guarantee future results.
Which is riskier, FBY or SPY?
FBY has been the more volatile fund at 25.3% annualized versus 15.3% for SPY. Worst drawdown: FBY -31.5% vs SPY -56.5%.
Should I hold both FBY and SPY?
FBY and SPY have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FBY and SPY?
FBY and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, FBY or SPY?
FBY yields 59.17% while SPY yields 1.01%, so FBY currently pays the higher dividend yield.
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