FBY: YieldMax META Option Income Strategy ETF
About
FBY was created on 2023-07-27 by YieldMax. The fund's investment portfolio concentrates primarily on communication services equity. The ETF currently has 122.01m in AUM and 9 holdings. FBY seeks to provide current income and capped gains on the Meta Platforms stock (META) through a synthetic covered call strategy", collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options.
Current Value
$18.661 Year Return
Current Value
$18.661 Year Return
Key Details
Assets Under Management
$127.69M
Div Yield %
56.20%
P/E Ratio
26.70
Net Asset Value
$18.57
Expense Ratio
0.99%
1Y ETF Return
0.45%
Strategies that include FBY
Stock's related to FBY
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| META | 90.59% | $1.42T | +66.51% | 0.27% |
| DECK | 43.35% | $26.78B | +66.79% | 0.00% |
| AER | 26.58% | $19.38B | +43.87% | 0.78% |
| SMCI | 26.57% | $16.55B | -2.47% | 0.00% |
| FLUT | 26.51% | $46.89B | +66.83% | 0.00% |
| NU | 26.48% | $63.92B | +64.95% | 0.00% |
| FTV | 26.44% | $25.85B | +10.52% | 0.43% |
| PLTR | 26.39% | $143.47B | +218.08% | 0.00% |
| COIN | 26.31% | $81.26B | +207.68% | 0.00% |
| ELF | 26.24% | $6.86B | +8.95% | 0.00% |
| RELX | 26.20% | $84.12B | +19.85% | 1.71% |
| SKYW | 26.11% | $4.43B | +136.32% | 0.00% |
| ARM | 26.10% | $139.85B | +126.83% | 0.00% |
| BRBR | 26.04% | $9.47B | +50.71% | 0.00% |
| TXRH | 26.01% | $12.92B | +75.21% | 1.23% |
| ALGM | 25.96% | $3.59B | -31.01% | 0.00% |
| WSO | 25.92% | $21.53B | +35.75% | 1.97% |
| BDC | 25.84% | $4.79B | +72.83% | 0.17% |
| ALGN | 25.83% | $16.62B | +3.38% | 0.00% |
| INFA | 25.81% | $7.86B | +5.06% | 0.00% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| SEI | -<0.01% | $616.12M | +133.06% | 2.39% |
| OXY | 0.01% | $47.39B | -16.87% | 1.66% |
| ADPT | 0.01% | $661.15M | +6.16% | 0.00% |
| SAIC | -0.01% | $5.92B | +3.71% | 1.24% |
| RDN | -0.01% | $5.04B | +32.94% | 2.84% |
| NOG | -0.01% | $4.10B | +9.43% | 3.97% |
| GBCI | -0.01% | $6.33B | +71.24% | 2.38% |
| KGS | 0.01% | $3.37B | +110.22% | 4.11% |
| CALM | -0.02% | $4.64B | +99.37% | 3.07% |
| CRI | -0.02% | $1.87B | -23.02% | 6.09% |
| XGN | -0.02% | $62.26M | +127.74% | 0.00% |
| CYD | -0.03% | $364.46M | -2.94% | 4.26% |
| BUSE | 0.04% | $1.50B | +24.85% | 3.65% |
| PCRX | 0.04% | $772.48M | -37.25% | 0.00% |
| WOW | -0.04% | $434.90M | +18.48% | 0.00% |
| BANR | 0.05% | $2.49B | +62.84% | 2.67% |
| LFCR | 0.06% | $261.10M | -4.58% | 0.00% |
| NEP | -0.06% | $1.48B | -32.95% | 22.91% |
| QUAD | 0.06% | $366.66M | +43.76% | 2.84% |
| EFSC | 0.07% | $2.18B | +54.22% | 1.76% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| GIS | -20.60% | $34.85B | -2.91% | 3.78% |
| CPB | -18.84% | $12.96B | +7.08% | 3.40% |
| LMT | -16.83% | $126.40B | +18.99% | 2.36% |
| SNY | -16.70% | $120.34B | +3.11% | 4.25% |
| STRA | -16.09% | $2.33B | +6.80% | 2.53% |
| PRPO | -16.04% | $9.10M | -13.65% | 0.00% |
| SEG | -15.94% | $319.72M | +12.41% | 0.00% |
| SPTN | -15.92% | $615.01M | -17.44% | 4.80% |
| TSN | -15.82% | $21.95B | +31.14% | 3.11% |
| ED | -15.35% | $33.59B | +7.16% | 3.43% |
| XEL | -15.32% | $41.42B | +15.91% | 3.12% |
| ASPS | -14.41% | $22.36M | -80.26% | 0.00% |
| TBI | -13.90% | $199.52M | -50.80% | 0.00% |
| HUSA | -13.88% | $16.69M | -11.56% | 0.00% |
| RYI | -13.87% | $751.91M | -19.47% | 3.18% |
| HAIN | -13.81% | $663.83M | -31.73% | 0.00% |
| FDP | -13.79% | $1.62B | +45.67% | 2.97% |
| CBOE | -13.65% | $21.46B | +15.84% | 1.11% |
| WEC | -13.49% | $31.33B | +22.40% | 3.38% |
| RPRX | -13.41% | $11.56B | -3.67% | 3.22% |
ETF's related to FBY
News
SeekingAlpha
Invest in big tech with META and FBY for potential gains and dividends, leveraging strong leadership and innovative investments in the market sell-off. See more.
SeekingAlpha
YMAG Fund invests in tech-focused ETFs through options trading, offering a high distribution rate to income-focused investors but with downside risks. See more here.
SeekingAlpha
YieldMax FBY ETF uses covered call writing on META stock for income, offering monthly payouts but capping upside potential. Click here for a full investment analysis.
SeekingAlpha
FBY: Low META Volatility Makes Selling Calls Less Attractive Today
SeekingAlpha
YieldMax Universe Fund of Option Income ETFs advertises a massive yield of over 60%, drawing much investor excitement and attention. See why YMAX is a Buy.
Yahoo
CHICAGO and MILWAUKEE and NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- YieldMax™ announced the launch today of the following ETF: YieldMax™ Short NVDA Option Income Strategy ETF (NYSE Arca: DIPS) DIPS Overview DIPS is an actively managed ETF that seeks to generate current income from a synthetic covered put strategy on NVIDIA Corporation (“NVDA”), while providing indirect short (inverse) exposure to the share price of NVDA. DIPS’s potential for gains from decreases in the share price of NVDA is l
Disclaimer
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.