HOOW vs. ULTY

Last updated Jun 4, 2026

HOOW (Roundhill HOOD WeeklyPay ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both exchange-traded funds - HOOW is a Leveraged Equities fund actively managed by Roundhill, while ULTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. HOOW charges 0.99%/yr vs 1.14%/yr for ULTY.

Performance

HOOW vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill HOOD WeeklyPay ETF (HOOW) 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, HOOW achieves a -34.08% return, which is significantly lower than ULTY's 11.14% return.

HOOW

• 1D: -7.51%
• 1M: 8.18%
• YTD: -34.08%
• 6M: -46.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: -1.25%
• 1M: 4.53%
• YTD: 11.14%
• 6M: 9.84%
• 1Y: 8.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOW vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOW Roundhill HOOD WeeklyPay ETF	-34.08%	46.56%
ULTY YieldMax Ultra Option Income Strategy ETF	11.14%	-5.99%

Correlation

The correlation between HOOW and ULTY is 0.70, 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 Jun 20, 2025	0.70

HOOW vs. ULTY - Sectors Allocation Comparison

Sectors	HOOW	ULTY
Financial Services	3.3%	8.6%
Basic Materials	-	11.7%
Communication Services	-	8.9%
Consumer Cyclical	-	5.2%
Consumer Defensive	-	0.0%
Energy	-	-
Healthcare	-	1.8%
Industrials	-	9.3%
Real Estate	-	-
Technology	-	54.6%
Utilities	-	-

Return for Risk

HOOW vs. ULTY — Risk / Return Rank

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

ULTY

ULTY Risk / Return Rank: 13
ULTY Sharpe Ratio Rank: 14
ULTY Sortino Ratio Rank: 14
ULTY Omega Ratio Rank: 14
ULTY Calmar Ratio Rank: 13
ULTY Martin Ratio Rank: 12

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.

HOOW vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill HOOD WeeklyPay ETF (HOOW) 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.

Sharpe Ratios by Period

	HOOW	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.04	0.17	-0.22

Drawdowns

HOOW vs. ULTY - Drawdown Comparison

The maximum HOOW drawdown since its inception was -65.74%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for HOOW and ULTY.

Drawdown Indicators

	HOOW	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-65.74%	-26.85%	-38.89%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.16%	—
Current Drawdown Current decline from peak	-55.23%	-8.88%	-46.35%
Average Drawdown Average peak-to-trough decline	-29.13%	-9.37%	-19.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.31%	—

Volatility

Volatility by Period

	HOOW	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	83.86%	20.79%	+63.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	83.86%	26.92%	+56.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.86%	26.92%	+56.94%

HOOW vs. ULTY - Expense Ratio Comparison

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

Dividends

HOOW vs. ULTY - Dividend Comparison

HOOW's dividend yield for the trailing twelve months is around 163.90%, more than ULTY's 114.67% yield.

Position	TTM	2025	2024
HOOW Roundhill HOOD WeeklyPay ETF	163.90%	67.92%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	114.67%	142.99%	111.70%

Frequently Asked Questions

Can I hold both HOOW and ULTY in my portfolio?

HOOW and ULTY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HOOW or ULTY?

On fees, HOOW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HOOW or ULTY?

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

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

HOOW has the higher dividend yield at 163.90%, compared with 114.67% for ULTY.

What is the main difference between HOOW and ULTY?

HOOW is categorized as Leveraged Equities, while ULTY is Derivative Income. They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for HOOW and 1.14% for ULTY.