ACEI vs. ULTI

Last updated Jun 24, 2026

ACEI (Innovator Equity Autocallable Income Strategy ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.35 correlation, their price movements are largely independent. ACEI charges 0.79%/yr vs 1.25%/yr for ULTI.

Performance

ACEI vs. ULTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator Equity Autocallable Income Strategy ETF (ACEI) and REX IncomeMax Option Strategy ETF (ULTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACEI achieves a 0.11% return, which is significantly lower than ULTI's 19.91% return.

ACEI

• 1D: -0.61%
• 1M: -3.64%
• YTD: 0.11%
• 6M: 0.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: -4.03%
• 1M: -13.99%
• YTD: 19.91%
• 6M: 11.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACEI vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
ACEI Innovator Equity Autocallable Income Strategy ETF	0.11%	-0.48%
ULTI REX IncomeMax Option Strategy ETF	19.91%	-38.67%

Correlation

The correlation between ACEI and ULTI is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.35

Return for Risk

ACEI vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Autocallable Income Strategy ETF (ACEI) and REX IncomeMax Option Strategy ETF (ULTI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ACEI vs. ULTI - Drawdown Comparison

The maximum ACEI drawdown since its inception was -5.77%, smaller than the maximum ULTI drawdown of -42.09%. Use the drawdown chart below to compare losses from any high point for ACEI and ULTI.

Drawdown Indicators

	ACEI	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-5.77%	-42.09%	+36.32%
Current Drawdown Current decline from peak	-5.31%	-26.47%	+21.16%
Average Drawdown Average peak-to-trough decline	-1.98%	-27.80%	+25.82%

Volatility

Volatility by Period

	ACEI	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.38%	62.18%	-48.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.38%	62.18%	-48.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.38%	62.18%	-48.80%

ACEI vs. ULTI - Expense Ratio Comparison

ACEI has a 0.79% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

ACEI vs. ULTI - Dividend Comparison

ACEI's dividend yield for the trailing twelve months is around 7.32%, less than ULTI's 57.64% yield.

Position	TTM	2025
ACEI Innovator Equity Autocallable Income Strategy ETF	7.32%	2.11%
ULTI REX IncomeMax Option Strategy ETF	57.64%	14.96%

Frequently Asked Questions

Can I hold both ACEI and ULTI in my portfolio?

ACEI and ULTI have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ACEI or ULTI?

On fees, ACEI is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ACEI or ULTI?

ACEI is cheaper with a 0.79% expense ratio, compared with 1.25% for ULTI.

Which ETF pays a higher dividend yield, ACEI or ULTI?

ULTI has the higher dividend yield at 57.64%, compared with 7.32% for ACEI.

What is the main difference between ACEI and ULTI?

They also come from different issuers: Innovator and REX Shares. Their fees differ too: 0.79% for ACEI and 1.25% for ULTI.