- Issuer
- YieldMax
- Inception Date
- Feb 28, 2024
- Region
- North America (U.S.)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $946M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ULTY Performance Chart
YieldMax Ultra Option Income Strategy ETF (ULTY) is up 7.4% since the beginning of the year. ULTY is currently trading at $30 per share.
Loading charts...
Returns By Period
YieldMax Ultra Option Income Strategy ETF (ULTY) has returned 7.39% so far this year and 4.18% over the past 12 months.
YieldMax Ultra Option Income Strategy ETF
- 1D
- 0.94%
- 1M
- -1.19%
- YTD
- 7.39%
- 6M
- 5.32%
- 1Y
- 4.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.30%
- 1M
- 0.09%
- YTD
- 8.18%
- 6M
- 8.17%
- 1Y
- 23.42%
- 3Y*
- 19.88%
- 5Y*
- 11.91%
- 10Y*
- 13.45%
ULTY Monthly Returns History
Based on dividend-adjusted daily data since Feb 29, 2024, ULTY's average daily return is +0.03%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 57% of months were positive and 43% were negative. The best month was May 2025 with a return of +13.4%, while the worst month was Nov 2025 at -13.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ULTY closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +8.1%, while the worst single day was Mar 10, 2025 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.68% | 2.65% | -7.74% | 9.23% | 6.23% | -3.89% | 7.39% | ||||||
| 2025 | 3.24% | -6.56% | -11.31% | 3.42% | 13.41% | 8.70% | 5.53% | -1.20% | 3.06% | -1.30% | -13.61% | -0.78% | -0.84% |
| 2024 | 1.03% | -12.93% | 5.98% | 1.64% | -2.13% | -1.52% | 2.83% | 1.28% | 10.41% | -4.26% | 0.54% |
Benchmark Metrics
YieldMax Ultra Option Income Strategy ETF has an annualized alpha of -15.28%, beta of 1.31, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since March 01, 2024.
- This ETF participated in 157.62% of S&P 500 Index downside but only 76.51% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -15.28% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -15.28%
- Beta
- 1.31
- R²
- 0.59
- Upside Capture
- 76.51%
- Downside Capture
- 157.62%
Expense Ratio
ULTY has a high expense ratio of 1.14%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ULTY ranks 12 for risk / return — in the bottom 12% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and compare them to S&P 500 Index.
| ULTY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.35 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 2.59 | -2.41 |
| Martin ratioReturn relative to average drawdown | 0.34 | 11.84 | -11.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
YieldMax Ultra Option Income Strategy ETF provided a 115.53% dividend yield over the last twelve months, with an annual payout of $34.76 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $34.76 | $53.38 | $100.19 |
Dividend yield | 115.53% | 142.99% | 111.70% |
Monthly Dividends
The table displays the monthly dividend distributions for YieldMax Ultra 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 | $2.00 | $1.82 | $1.76 | $2.03 | $1.59 | $0.40 | $9.59 | ||||||
| 2025 | $5.72 | $5.37 | $7.64 | $3.43 | $5.11 | $3.69 | $4.98 | $3.96 | $3.68 | $4.48 | $2.65 | $2.68 | $53.38 |
| 2024 | $10.65 | $14.17 | $12.78 | $11.34 | $9.95 | $7.80 | $9.83 | $8.27 | $8.31 | $7.09 | $100.19 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the YieldMax Ultra 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 Option Income Strategy ETF was 26.85%, occurring on Apr 8, 2025. Recovery took 52 trading sessions.
The current YieldMax Ultra Option Income Strategy ETF drawdown is 11.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -26.85%Apr 2025 | 1mo 18d | 2mo 17d | 4mo 5dFeb 2025 - Jun 2025 |
2026 bear market2026 | -24.16%Mar 2026 | 5mo 21d | — | 8mo 2dOct 2025 - now |
2024 bear market2024 | -20.99%Aug 2024 | 5mo 3d | 3mo 8d | 8mo 11dMar 2024 - Nov 2024 |
2025 pullback2025 | -6.54%Jan 2025 | 1mo 5d | 1mo 6d | 2mo 11dDec 2024 - Feb 2025 |
2025 pullback2025 | -5.02%Aug 2025 | 1mo 1d | 25d | 1mo 26dJul 2025 - Sep 2025 |
Drawdown Indicators
| ULTY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.85% | -56.78% | +29.93% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -9.10% | -15.06% |
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 | -11.95% | -2.68% | -9.27% |
Average DrawdownAverage peak-to-trough decline | -9.38% | -10.72% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.37% | 1.98% | +10.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ULTY
Add YieldMax Ultra Option Income Strategy ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ULTY