HEMI vs. ULTI

Last updated Jun 5, 2026

HEMI (Hartford Equity Premium Income ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. HEMI charges 0.49%/yr vs 1.25%/yr for ULTI.

Performance

HEMI vs. ULTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Equity Premium Income ETF (HEMI) 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, HEMI achieves a 8.94% return, which is significantly lower than ULTI's 43.51% return.

HEMI

• 1D: 0.45%
• 1M: 3.66%
• YTD: 8.94%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: 0.03%
• 1M: 13.95%
• YTD: 43.51%
• 6M: 18.45%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HEMI vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
HEMI Hartford Equity Premium Income ETF	8.94%	1.92%
ULTI REX IncomeMax Option Strategy ETF	43.51%	1.02%

Correlation

The correlation between HEMI and ULTI is 0.48, 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 Dec 18, 2025	0.48

Return for Risk

HEMI vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Equity Premium Income ETF (HEMI) 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.

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

Sharpe Ratios by Period

	HEMI	ULTI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.08	-0.30	+2.38

Drawdowns

HEMI vs. ULTI - Drawdown Comparison

The maximum HEMI drawdown since its inception was -7.80%, smaller than the maximum ULTI drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for HEMI and ULTI.

Drawdown Indicators

	HEMI	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-7.80%	-41.74%	+33.94%
Current Drawdown Current decline from peak	0.00%	-11.47%	+11.47%
Average Drawdown Average peak-to-trough decline	-1.25%	-28.02%	+26.77%

Volatility

Volatility by Period

	HEMI	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	62.21%	-49.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.45%	62.21%	-49.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.45%	62.21%	-49.76%

HEMI vs. ULTI - Expense Ratio Comparison

HEMI has a 0.49% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

HEMI vs. ULTI - Dividend Comparison

HEMI's dividend yield for the trailing twelve months is around 3.44%, less than ULTI's 44.50% yield.

Position	TTM	2025
HEMI Hartford Equity Premium Income ETF	3.44%	0.00%
ULTI REX IncomeMax Option Strategy ETF	44.50%	14.96%

Frequently Asked Questions

Can I hold both HEMI and ULTI in my portfolio?

HEMI and ULTI have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HEMI or ULTI?

On fees, HEMI is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HEMI or ULTI?

HEMI is cheaper with a 0.49% expense ratio, compared with 1.25% for ULTI.

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

ULTI has the higher dividend yield at 44.50%, compared with 3.44% for HEMI.

What is the main difference between HEMI and ULTI?

They also come from different issuers: Hartford Funds and REX Shares. Their fees differ too: 0.49% for HEMI and 1.25% for ULTI.