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ETFs

YieldMax META Option Income Strategy ETF

FBY
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 27 2023
Expense Ratio
0.99%
Type
US Equities
Fund Owner
Elevate Shares
Volume (1m avg. daily)
$803,493
AUM
$11,129,240
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
UNITED STATES TREAS NTS 0.75% 12/31/2023
48.74%
n/a
UNITED STATES TREAS NTS 0.75% 11/15/2024
48.66%
n/a
META PLA CLL OPT 11/23 295
7.83%
n/a
Cash & Other
0.90%
n/a
META PLA CLL OPT 09/23 315
-0.26%
n/a
META PLA CLL OPT 09/23 312.500
-0.29%
n/a
META 11/17/2023 295.01 P
-5.56%
Invest with FBY

What is FBY?

The YieldMax META Option Income Strategy ETF (FBY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on META. FBY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of META.

ETFs related toFBY

ETFs correlated to FBY include FBL, QYLD, XLC

FBY
Tidal Trust II - YieldMax META Option Income Strategy ETF
FBL
GraniteShares ETF Trust - GraniteShares 1.5x Long Meta Daily ETF
QYLD
Global X Funds - Global X NASDAQ 100 Covered Call ETF
XLC
SSgA Active Trust - Communication Services Select Sector SPDR Fund
NUGO
NuShares ETF Trust - Nuveen Growth Opportunities ETF
QQH
Northern Lights Fund Trust III - HCM Defender 100 Index ETF
MTUM
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Momentum Factor ETF
VOX
Vanguard Group, Inc. - Vanguard Communication Services ETF
TCHP
T. Rowe Price ExchangeTraded Funds Inc - T. Rowe Price Blue Chip Growth ETF
QQQ
Invesco Capital Management LLC - Invesco QQQ Trust Series 1
TQQQ
ProShares Trust - ProShares UltraPro QQQ 3x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with FBY using Composer

FAQ

FBY is a US Equities ETF. The YieldMax META Option Income Strategy ETF (FBY) is an actively managed fund that seeks to generate monthly income by selling/writing call options on META. FBY pursues a strategy that aims to harvest compelling yields, while retaining capped participation in the price gains of META.

Yes, FBY is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FBY is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FBY is 0.0623%. This is the percent change in the value of FBY over the most recent 1-month period. The 3-month return on FBY is %. This is the percent change in the value of FBY over the most recent 3-month period.

ETFs similar to FBY include XLI, XLY, and XLV.

ETFs correlated to FBY include FBL, QYLD, and XLC.

ETFs that are inversely correlated to FBY include PSQ, QID, and SQQQ.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.