FBY ETF — YieldMax META Option Income ETF

YieldMax META Option Income ETF (FBY)

FBY is an ETF that tracks the Meta (META). As of August 19, 2026, its distribution rate is 30.10%, its trailing-12-month yield is 59.96%, its expense ratio is 1.06%. Dividend Vision Distribution Safety Score™ is 21/100 (Elevated risk). Fund total return is 40.7% over the past 3.1 years, 27.8 points behind META at 68.5%.

At the current 30.10% distribution rate, a $10,000 investment would generate approximately $3,010 per year, or $250.83 per month on an equivalent basis. Actual weekly payments vary.

FBY executes a covered call strategy on Meta Platforms (META) stock, generating income by selling call options against its underlying equity position and distributing proceeds weekly. The fund carries a 1.06% expense ratio and delivers a 39.93% annualized distribution rate, reflecting the enhanced income from its options overlay. This strategy appeals primarily to income-focused investors seeking frequent distributions and those willing to accept the volatility and call assignment risks inherent in single-stock option strategies.

FBY performance versus META

Data as of August 19, 2026.

Fund total return is 40.7% over the past 3.1 years, 27.8 points behind META at 68.5%. Its deepest 1-year drawdown was 29.4%.

FBY key facts

Data as of August 19, 2026.

Distribution Safety Score™

21 · Elevated risk

Safety-Adjusted Yield

6.32%

Issuer

YieldMax

Asset type

ETF

Asset class

Equity

Inception date

07/27/2023

Expense ratio

1.06%

Distribution rate

30.10%

Distribution frequency

Weekly

Trailing yield

59.96%

Last close

$8.05

AUM

$103,920,564

Average volume

918340.0

Last dividend

$0.0466

Ex-dividend date

08/20/2026

Payment date

08/21/2026

Beta

1.23

How Dividend Vision calculates yield and returns

Distribution rate (30.10%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (59.96%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: YieldMax fund page; Index: Meta (META); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FBY risks and drawbacks

Total return has trailed META over the available window. The deepest 1-year drawdown on record here is 29.4%.

Who may consider FBY — and who may not

It is a weaker fit for investors whose main goal is matching META total return. This is educational context, not a recommendation to buy or sell.

Compare FBY

FBY vs similar funds:

• FBY vs META

Frequently asked questions

More funds from YieldMax.