GMEY vs. ULTY
GMEY (YieldMax GME Option Income Strategy ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.24 correlation, their price movements are largely independent. GMEY charges 0.99%/yr vs 1.14%/yr for ULTY.
Performance
GMEY vs. ULTY - Performance Comparison
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Returns By Period
In the year-to-date period, GMEY achieves a 1.59% return, which is significantly lower than ULTY's 6.39% return.
GMEY
- 1D
- -1.50%
- 1M
- -11.34%
- YTD
- 1.59%
- 6M
- -9.88%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTY
- 1D
- -5.03%
- 1M
- -1.84%
- YTD
- 6.39%
- 6M
- 4.84%
- 1Y
- 5.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMEY vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMEY YieldMax GME Option Income Strategy ETF | 1.59% | -16.17% |
ULTY YieldMax Ultra Option Income Strategy ETF | 6.39% | -12.83% |
Correlation
The correlation between GMEY and ULTY is 0.24, 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 Sep 10, 2025 | 0.24 |
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Return for Risk
GMEY vs. ULTY — Risk / Return Rank
GMEY
ULTY
GMEY vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax GME Option Income Strategy ETF (GMEY) 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
| GMEY | ULTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 0.10 | -0.77 |
Drawdowns
GMEY vs. ULTY - Drawdown Comparison
The maximum GMEY drawdown since its inception was -25.67%, roughly equal to the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for GMEY and ULTY.
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Drawdown Indicators
| GMEY | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.67% | -26.85% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.16% | — |
Current DrawdownCurrent decline from peak | -23.34% | -12.77% | -10.57% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -9.37% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.35% | — |
Volatility
GMEY vs. ULTY - Volatility Comparison
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Volatility by Period
| GMEY | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.91% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.07% | 21.37% | +7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.07% | 27.09% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 27.09% | +1.98% |
GMEY vs. ULTY - Expense Ratio Comparison
GMEY has a 0.99% expense ratio, which is lower than ULTY's 1.14% expense ratio.
Dividends
GMEY vs. ULTY - Dividend Comparison
GMEY's dividend yield for the trailing twelve months is around 52.28%, less than ULTY's 116.62% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMEY YieldMax GME Option Income Strategy ETF | 52.28% | 21.84% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 116.62% | 142.99% | 111.70% |
Frequently Asked Questions
GMEY and ULTY have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMEY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMEY is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.
ULTY has the higher dividend yield at 116.62%, compared with 52.28% for GMEY.
Their fees differ too: 0.99% for GMEY and 1.14% for ULTY.
Find the right allocation for GMEY and ULTY
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