Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
100% reinvested · ex-date convention. Period returns use this fixed assumption, independent of chart settings. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year.
FBYY has lagged META over the year to date, posting a -26.91% total return against 11.78%. FBYY has been the steadier holding, though — annualized volatility of 22.2% against 42.7% for META. Figures are total returns: price change plus every distribution reinvested.
Total return and risk statistics by fund. Each row is one fund; each column is one period or statistic.
Total return with all distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date), split-adjusted, as of September 30, 2026. YTD and 1Y are cumulative period returns; 3Y, 5Y, and 10Y are annualized. The shared Since-start window is annualized only when it covers at least one year. “Since Oct 2025” measures every fund from October 21, 2025 — the start of shared available history — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the shared window since Oct 2025. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the shared window since Oct 2025) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Distribution rate and SEC yield
Metric
FBYY
META
Forward distribution rate
31.29%
0.29%
Trailing 12-month yield
60.51%
0.29%
30-day SEC yield
0.56%
—
Total return (price change plus reinvested distributions) is the Total returns section above. A 30-day SEC yield can sit far from the headline distribution rate; both numbers are the fund's own published fields.
Side-by-side snapshot
Side-by-side snapshot. Each row is one metric;
each column is one fund.
Seeks to provide weekly income through selling near-the-money put spreads on leveraged ETFs linked to Meta Platforms, with built-in risk control through the put spread collar structure.
Operates social networking platforms including Facebook, Instagram, WhatsApp, and Messenger. Invests in augmented and virtual reality through Reality Labs division.
Bottom lineChoose FBYY if you want to maximize current income — roughly 31.29%, generated by selling options premium. Choose META if you want direct ownership of the underlying business, with no fund wrapper or management fee. There's no free lunch: FBYY's payout comes from selling options, which caps upside and can erode the share price over time, while META keeps full price exposure.
How the risk works
Read this before the income numbers below: the strategy mechanics on this page shape what those payouts can cost you.
Daily leverage reset. FBYY targets a multiple of the index's DAILY move, resetting every session. Over weeks and months the compounding of daily resets (volatility decay) can drag returns far below the stated multiple, especially in choppy markets — and losses are magnified the same way gains are.
Capped upside and premium dependence. FBYY generates income by selling options, which trades away part of a strong rally in exchange for premium. Distributions can include return of capital, and a payout the underlying assets cannot sustain shows up as NAV erosion over time — the big yield number is not free.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
GraniteShares is known for offering specialized ETF strategies that extend beyond traditional equity and bond investing, particularly through structured products and income-focused solutions. The firm manages 48 ETFs organized around distinct fund families including Autocallable products, Commodities, Income strategies, Leveraged exposures, and their YieldBOOST line designed to enhance distributions. GraniteShares targets investors seeking alternative income generation methods and commodity access, with popular tickers like AHD, CRY, and FBL representing their diverse approach to yield enhancement and alternative asset classes.
See our curated list of related YouTube videos on FBYY.
FBYY (GraniteShares YieldBOOST META ETF) is an ETF, while META (Meta Platforms, Inc.) is a stock — their trading structures differ.
FBYY offers the higher yield at 31.29% vs 0.29% for META. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
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On a $10,000 investment, FBYY would generate roughly $60.17 cash per distribution, while META would produce $7.25 cash per distribution, at current distribution rates.
FBYY yield31.29%
META yield0.29%
Cash diff on $10K$52.92
Cost & efficiency
FBYY charges a 1.07% expense ratio — roughly $1,070 over 10 years on $10,000 (simplified, not compounded). META is a stock, not a fund, so it charges no expense ratio.
FBYY ER1.07%
Strategy & risk
FBYY tracks Meta (META), while META is a stock built around social media exposure. Beta is 1.0355 for FBYY and 1.243 for META, making FBYY the less volatile of the two by this measure.
FBYY beta1.0355
META beta1.243
Security details
FBYY is managed by GraniteShares (launched 10/21/2025) with $215,900 in assets. META (Meta Platforms, Inc.) is a stock.
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Frequently asked questions
What is the current distribution rate for FBYY and META?
FBYY currently distributes 31.29% and META 0.29%, based on fund data updated September 2026. Distribution rate moves with both the payout and the share price, so check the as-of date before relying on either figure.
Is FBYY or META better for dividend income?
It depends on your goals. FBYY currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between FBYY and META?
FBYY (GraniteShares YieldBOOST META ETF) tracks Meta (META), while META (Meta Platforms, Inc.) is a stock built around social media exposure. They are issued by GraniteShares and — respectively.
Can I hold both FBYY and META?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Is FBYY or META safer?
By Dividend Vision's Distribution Safety Score — a rules-based 0–100 estimate of how resilient a distribution looks, where higher is safer — META scores 98, FBYY scores 49, so META's payout currently looks the more resilient of the two. FBYY has also shown lower price volatility (beta 1.04 vs 1.24 for META). No score makes an investment risk-free — treat this as a screening signal, not a guarantee, and the leverage, options-income, or crypto caveats flagged on this page apply regardless of score.
Which has lower fees, FBYY or META?
FBYY charges a 1.07% expense ratio. META is a stock, not a fund, so it has no expense ratio — owning it directly costs nothing in ongoing fund fees.
How much income does $10,000 in FBYY vs META generate?
At current rates, $10,000 in FBYY would generate roughly $60.17 cash per distribution ($3,129.00 annually). The same in META would produce about $7.25 cash per distribution ($29.00 annually).
Which has performed better historically, FBYY or META?
FBYY has lagged META over the year to date, posting a -26.91% total return against 11.78%. FBYY has been the steadier holding, though — annualized volatility of 22.2% against 42.7% for META. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
Explore related screeners
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The funds differ fundamentally in structure and distribution strategy: FBYY uses derivatives to create synthetic income at a dramatically higher rate, whereas META offers a minimal dividend and relies on share price appreciation for returns. FBYY has a much smaller asset base at $215,900 compared to META's market capitalization, and FBYY's 1.0355 beta suggests it tracks META closely but with a modest efficiency premium baked into the options structure.
Who each is best for
FBYY: Fits investors seeking regular income from Meta exposure through a defined options strategy, with the understanding that put spreads cap both upside and downside within a collar structure. This appeals to traders and income-focused investors comfortable with weekly rebalancing and the mechanics of short options positions.
META: Fits investors betting on Meta's long-term growth in social media, advertising, and metaverse technologies, with the expectation of returns driven by capital appreciation rather than dividends. Suitable for buy-and-hold allocators with a multi-year horizon.
Key risks to know
NAV erosion at extreme distribution rates. A 31.29% annualized yield—paid weekly—requires either sustained gains in the underlying or a systematic decline in FBYY's NAV over time. The put spread collar limits losses but does not prevent capital decay if META's price stagnates or declines modestly.
Put spread cap and assignment risk.FBYY's short put spreads cap upside participation when META rallies sharply and limit downside protection at preset strike levels. If META falls below the short strike, the position may be assigned, forcing entry at a loss or triggering a forced close at a locked-in price.
Leverage and options complexity. Although FBYY is not explicitly leveraged, the weekly put spread mechanism introduces path dependency and gamma risk. Rapid moves in META can create slippage between the stated yield and realized returns, especially during earnings announcements or market dislocations.
Single-stock concentration. Both holdings carry META concentration.
META's valuation and metaverse investment uncertainty.META's earnings and stock price depend on advertising market health and the return on its Reality Labs division, which remains capital-intensive and unprofitable. Both FBYY and META holders face this operational risk. Past performance does not predict future results.
AI-generated analysis for educational purposes only. Verify important details independently; past performance does not guarantee future results.
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The metrics behind this comparison, explained in the Academy.
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