YieldMax META Option Income Strategy ETF (FBY) — Stock Correlations & Overview
Over the past year, FBY has moved most closely with METU, FBL, META. Explore the stocks most correlated and inversely correlated with FBY below, along with its price, financials, and company profile.
Stocks correlated with FBY
Correlation of daily returns. Higher positive values move with FBY; negative values move opposite it. Informational only, not investment advice.
Most correlated with FBY
| Symbol | Company | Correlation |
|---|---|---|
| METU | Direxion Shares ETF Trust Direxion Daily META Bull 2X ETF | 0.97 |
| FBL | GraniteShares ETF Trust GraniteShares 2x Long META Daily ETF | 0.97 |
| META | Meta Platforms, Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.97 |
| METW | Roundhill META WeeklyPay ETF | 0.96 |
| FCOM | Fidelity MSCI Communication Services Index ETF | 0.72 |
Most inversely correlated with FBY
| Symbol | Company | Correlation |
|---|---|---|
| METD | Direxion Shares ETF Trust Direxion Daily META Bear 1X ETF | -0.96 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.63 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.54 |
| FNGD | MicroSectors FANG+ Index -3X Inverse Leveraged ETNs due January 8, 2038COMMERCIAL BANKS, NEC | -0.48 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.48 |
Frequently asked questions about FBY correlations
- Which stocks are most correlated with FBY?
- Based on one year of daily returns, the stocks most correlated with YieldMax META Option Income Strategy ETF (FBY) are METU (0.97), FBL (0.97) and META (0.97). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FBY?
- Over the past year, the stocks most inversely correlated with YieldMax META Option Income Strategy ETF (FBY) are METD (-0.96), QQQD (-0.63) and WEBS (-0.54). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FBY correlations calculated?
- We compute the correlation of daily returns between FBY and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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