- Issuer
- YieldMax
- Inception Date
- Aug 20, 2025
- Category
- Derivative Income, Inverse Equities
- Leveraged
- -1x
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $18M
Share Price Chart
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Performance
SLTY Performance Chart
YieldMax Ultra Short Option Income Strategy ETF (SLTY) is down 5.3% since the beginning of the year. SLTY is currently trading at $24 per share.
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Returns By Period
YieldMax Ultra Short Option Income Strategy ETF
- 1D
- 1.19%
- 1M
- -1.01%
- YTD
- -5.27%
- 6M
- -5.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
SLTY Monthly Returns History
Based on dividend-adjusted daily data since Aug 21, 2025, SLTY's average daily return is -0.08%, while the average monthly return is -1.59%.
Historically, 36% of months were positive and 64% were negative. The best month was Mar 2026 with a return of +7.8%, while the worst month was Jan 2026 at -7.4%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, SLTY closed higher 47% of trading days. The best single day was Oct 22, 2025 with a return of +2.9%, while the worst single day was Nov 24, 2025 at -3.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.44% | 1.01% | 7.78% | -5.65% | -1.94% | 1.60% | -5.27% | ||||||
| 2025 | -3.09% | -7.21% | -6.05% | 3.48% | -0.04% | -12.61% |
Benchmark Metrics
YieldMax Ultra Short Option Income Strategy ETF has an annualized alpha of -4.14%, beta of -0.90, and R2 of 0.42 versus S&P 500 Index. Calculated based on daily prices since August 21, 2025.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -159.89%), but participation in market rallies was also limited (-80.34%) - a profile typical of counter-cyclical assets.
- Beta of -0.90 may look defensive, but with R2 of 0.42 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.42 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -4.14%
- Beta
- -0.90
- R²
- 0.42
- Upside Capture
- -80.34%
- Downside Capture
- -159.89%
Expense Ratio
SLTY has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SLTY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.65 | — |
| Martin ratioReturn relative to average drawdown | — | 11.88 | — |
Dividends
Dividend History
YieldMax Ultra Short Option Income Strategy ETF provided a 77.58% dividend yield over the last twelve months, with an annual payout of $18.47 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $18.47 | $10.08 |
Dividend yield | 77.58% | 29.68% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax Ultra Short Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $1.47 | $1.48 | $1.60 | $1.77 | $1.24 | $0.84 | $8.40 | ||||||
| 2025 | $2.44 | $2.95 | $2.46 | $2.23 | $10.08 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax Ultra Short Option Income Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the YieldMax Ultra Short Option Income Strategy ETF was 21.27%, occurring on Jan 23, 2026. The portfolio has not yet recovered.
The current YieldMax Ultra Short Option Income Strategy ETF drawdown is 17.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -21.27%Jan 2026 | 5mo 5d | — | 10mo 1dAug 2025 - now |
Drawdown Indicators
| SLTY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -56.78% | +35.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -17.22% | -2.49% | -14.73% |
Average DrawdownAverage peak-to-trough decline | -14.28% | -10.72% | -3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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