YieldMax Ultra Option Income Strategy ETF (ULTY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ULTY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ULTY
ULTY charges 1.40% annually. There are 316 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | ULTY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | ULTY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | ULTY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | ULTY vs FYEE | |
| Global X Treasury Bond Enhanced Income ETF | 0.29% | — | Jul 2025 | ULTY vs TLTX |
Best Risk-Adjusted Alternatives to ULTY
ULTY has a PortfoliosLab risk / return rank of 5. There are 172 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | ULTY vs THTA | |
| Simplify Treasury Option Income ETF | 95 | 489.70M | Oct 2022 | ULTY vs BUCK | |
| Global X S&P 500 Covered Call ETF | 93 | 3.24B | Jun 2013 | ULTY vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 92 | 358.08M | Dec 2007 | ULTY vs PBP | |
| Global X Russell 2000 Covered Call ETF | 90 | 1.37B | Apr 2019 | ULTY vs RYLD |
Top Performing ULTY Alternatives (YTD)
ULTY is at 2.90% YTD. There are 153 ETFs in the Derivative Income category with higher YTD returns, going as high as 146.74%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 146.74% | 114.09M | Jul 2025 | ULTY vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 134.95% | 22.04M | Oct 2025 | ULTY vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 87.43% | 382.78M | Sep 2023 | ULTY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 60.69% | 106.87M | Oct 2023 | ULTY vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 58.34% | 64.01M | Dec 2024 | ULTY vs SOXY |
Lowest Volatility Alternatives to ULTY
ULTY has 22.12% 1-year volatility. There are 167 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.59%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.59% | 489.70M | Oct 2022 | ULTY vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.92% | 112.06M | Aug 2022 | ULTY vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | ULTY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | ULTY vs HYTI | |
| Main Buywrite ETF | 4.86% | 1.30B | Dec 2015 | ULTY vs BUYW |
Lowest Drawdown Alternatives to ULTY
ULTY has a 1-year max drawdown of -24.16%. There are 135 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | ULTY vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | ULTY vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | ULTY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | ULTY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | ULTY vs THTA |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include MSTY, YMAX, NVDY and span 7 categories. AUM among these funds goes as high as $1B.
Often Compared With ULTY
Investors most often compare ULTY with TSYY, QQQT, JEPQ. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare ULTY with Any Fund or Stock
Compare ULTY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ULTY with funds that move differently
YieldMax Ultra Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ULTY.
Explore ULTY Diversifiers