YieldMax Ultra Short Option Income Strategy ETF (SLTY)

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The chart shows the growth of an initial investment of $10,000 in YieldMax Ultra Short Option Income Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Based on dividend-adjusted daily data since Aug 21, 2025, SLTY's average daily return is -0.07%, while the average monthly return is -1.38%.

Historically, 38% of months were positive and 63% 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 45% 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%.

YieldMax Ultra Short Option Income Strategy ETF has an annualized alpha of -12.48%, beta of -1.03, and R² of 0.45 versus S&P 500 Index. Calculated based on daily prices since August 22, 2025.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -184.57%), but participation in market rallies was also limited (-170.43%) — a profile typical of counter-cyclical assets.
• Beta of -1.03 may look defensive, but with R² of 0.45 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 0.45 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

SLTY has a high expense ratio of 1.24%, indicating above-average management fees.

The table below present risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) and compare them to a chosen benchmark (S&P 500 Index).

YieldMax Ultra Short Option Income Strategy ETF provided a 49.86% dividend yield over the last twelve months, with an annual payout of $14.63 per share.

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.

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.

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 20.88%, occurring on Jan 23, 2026. The portfolio has not yet recovered.

The current YieldMax Ultra Short Option Income Strategy ETF drawdown is 11.49%.

The chart below shows the rolling one-month volatility.