BRKC vs. ULTY

Last updated Jun 25, 2026

BRKC (YieldMax BRK.B Option Income Strategy ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, BRKC returned -1.49% vs -1.51% for ULTY. At a correlation of -0.11, they often move in opposite directions. BRKC charges 0.99%/yr vs 1.14%/yr for ULTY.

Performance

BRKC vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax BRK.B Option Income Strategy ETF (BRKC) and YieldMax Ultra Option Income Strategy ETF (ULTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKC achieves a -0.82% return, which is significantly lower than ULTY's 6.59% return.

BRKC

• 1D: 0.26%
• 1M: 1.71%
• YTD: -0.82%
• 6M: -0.54%
• 1Y: -1.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: -1.65%
• 1M: -1.89%
• YTD: 6.59%
• 6M: 3.82%
• 1Y: -1.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BRKC vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025
BRKC YieldMax BRK.B Option Income Strategy ETF	-0.82%	0.76%
ULTY YieldMax Ultra Option Income Strategy ETF	6.59%	-3.08%

Correlation

The correlation between BRKC and ULTY is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.11

Return for Risk

BRKC vs. ULTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BRKC

BRKC Risk / Return Rank: 7
BRKC Sharpe Ratio Rank: 8
BRKC Sortino Ratio Rank: 7
BRKC Omega Ratio Rank: 7
BRKC Calmar Ratio Rank: 7
BRKC Martin Ratio Rank: 7

ULTY

ULTY Risk / Return Rank: 8
ULTY Sharpe Ratio Rank: 8
ULTY Sortino Ratio Rank: 8
ULTY Omega Ratio Rank: 8
ULTY Calmar Ratio Rank: 8
ULTY Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRKC vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax BRK.B Option Income Strategy ETF (BRKC) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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.

	BRKC	ULTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.12	-0.07	-0.05
Sortino ratio: Return per unit of downside risk	-0.08	0.05	-0.13
Omega ratio: Gain probability vs. loss probability	0.99	1.01	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.20	-0.06	-0.13
Martin ratio: Return relative to average drawdown	-0.41	-0.12	-0.29

BRKC vs. ULTY - Sharpe Ratio Comparison

The current BRKC Sharpe Ratio is -0.12, which is lower than the ULTY Sharpe Ratio of -0.07. The chart below compares the historical Sharpe Ratios of BRKC and ULTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRKC vs. ULTY - Drawdown Comparison

The maximum BRKC drawdown since its inception was -7.59%, smaller than the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for BRKC and ULTY.

Drawdown Indicators

	BRKC	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-7.59%	-26.85%	+19.26%
Max Drawdown (1Y) Largest decline over 1 year	-7.59%	-24.16%	+16.57%
Current Drawdown Current decline from peak	-2.82%	-12.61%	+9.79%
Average Drawdown Average peak-to-trough decline	-3.15%	-9.90%	+6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	12.58%	-8.85%

Volatility

BRKC vs. ULTY - Volatility Comparison

The current volatility for YieldMax BRK.B Option Income Strategy ETF (BRKC) is 2.40%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 8.70%. This indicates that BRKC experiences smaller price fluctuations and is considered to be less risky than ULTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKC	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.40%	8.70%	-6.30%
Volatility (6M) Calculated over the trailing 6-month period	9.67%	16.24%	-6.57%
Volatility (1Y) Calculated over the trailing 1-year period	12.58%	21.74%	-9.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.46%	27.31%	-14.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.46%	27.31%	-14.85%

BRKC vs. ULTY - Expense Ratio Comparison

BRKC has a 0.99% expense ratio, which is lower than ULTY's 1.14% expense ratio.

Dividends

BRKC vs. ULTY - Dividend Comparison

BRKC's dividend yield for the trailing twelve months is around 20.90%, less than ULTY's 115.57% yield.

Position	TTM	2025	2024
BRKC YieldMax BRK.B Option Income Strategy ETF	20.90%	10.81%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	115.57%	142.99%	111.70%

Frequently Asked Questions

Can I hold both BRKC and ULTY in my portfolio?

BRKC and ULTY have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKC or ULTY?

ULTY has higher volatility (8.70%) compared to BRKC (2.40%). In terms of maximum drawdown, BRKC dropped -7.59% vs ULTY's -26.85%.

Which ETF is better, BRKC or ULTY?

On 1-year performance, BRKC leads with -1.49% vs -1.51% for ULTY. On fees, BRKC is cheaper at 0.99% per year. On volatility, BRKC has been the lower-risk option at 2.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKC or ULTY?

Over the 1-year period, BRKC has performed better with a -1.49% return vs -1.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKC or ULTY?

BRKC is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.

Which ETF pays a higher dividend yield, BRKC or ULTY?

ULTY has the higher dividend yield at 115.57%, compared with 20.90% for BRKC.

What is the main difference between BRKC and ULTY?

Their fees differ too: 0.99% for BRKC and 1.14% for ULTY.

Which has better risk-adjusted returns?

ULTY currently has the higher Sharpe Ratio (-0.07 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.