CRCO vs. ULTY
CRCO (YieldMax CRCL Option Income Strategy ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. A 0.61 correlation means they provide meaningful diversification when combined. CRCO charges 1.01%/yr vs 1.14%/yr for ULTY.
Performance
CRCO vs. ULTY - Performance Comparison
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Returns By Period
In the year-to-date period, CRCO achieves a 13.15% return, which is significantly higher than ULTY's 12.03% return.
CRCO
- 1D
- -9.80%
- 1M
- -19.84%
- YTD
- 13.15%
- 6M
- 8.33%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTY
- 1D
- 0.80%
- 1M
- 4.64%
- YTD
- 12.03%
- 6M
- 10.17%
- 1Y
- 8.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRCO vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | 13.15% | -36.94% |
ULTY YieldMax Ultra Option Income Strategy ETF | 12.03% | -15.40% |
Correlation
The correlation between CRCO and ULTY is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025 | 0.61 |
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Return for Risk
CRCO vs. ULTY — Risk / Return Rank
CRCO
ULTY
CRCO vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CRCO | ULTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.46 | 0.19 | -0.65 |
Drawdowns
CRCO vs. ULTY - Drawdown Comparison
The maximum CRCO drawdown since its inception was -61.75%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for CRCO and ULTY.
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Drawdown Indicators
| CRCO | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -26.85% | -34.90% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -36.38% | -8.14% | -28.24% |
Average DrawdownAverage peak-to-trough decline | -33.18% | -9.36% | -23.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.32% | — |
Volatility
CRCO vs. ULTY - Volatility Comparison
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Volatility by Period
| CRCO | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 86.65% | 20.77% | +65.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.65% | 26.90% | +59.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 86.65% | 26.90% | +59.75% |
CRCO vs. ULTY - Expense Ratio Comparison
CRCO has a 1.01% expense ratio, which is lower than ULTY's 1.14% expense ratio.
Dividends
CRCO vs. ULTY - Dividend Comparison
CRCO's dividend yield for the trailing twelve months is around 89.91%, less than ULTY's 113.76% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CRCO YieldMax CRCL Option Income Strategy ETF | 89.91% | 35.79% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 113.76% | 142.99% | 111.70% |
Frequently Asked Questions
CRCO and ULTY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CRCO is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CRCO is cheaper with a 1.01% expense ratio, compared with 1.14% for ULTY.
ULTY has the higher dividend yield at 113.76%, compared with 89.91% for CRCO.
Their fees differ too: 1.01% for CRCO and 1.14% for ULTY.
Find the right allocation for CRCO and ULTY
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