JPM vs. ULTY
JPM (JPMorgan Chase & Co.) is a stock, while ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, JPM returned 21.89% vs 3.61% for ULTY. At a 0.38 correlation, their price movements are largely independent.
Performance
JPM vs. ULTY - Performance Comparison
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Returns By Period
In the year-to-date period, JPM achieves a 0.50% return, which is significantly lower than ULTY's 8.80% return.
JPM
- 1D
- 2.31%
- 1M
- 6.82%
- YTD
- 0.50%
- 6M
- 1.66%
- 1Y
- 21.89%
- 3Y*
- 34.22%
- 5Y*
- 17.82%
- 10Y*
- 21.02%
ULTY
- 1D
- 1.04%
- 1M
- -0.81%
- YTD
- 8.80%
- 6M
- 8.04%
- 1Y
- 3.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JPM vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JPM JPMorgan Chase & Co. | 0.50% | 37.27% | 32.30% |
ULTY YieldMax Ultra Option Income Strategy ETF | 8.80% | -0.84% | -4.73% |
Correlation
The correlation between JPM and ULTY is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.38 |
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Return for Risk
JPM vs. ULTY — Risk / Return Rank
JPM
ULTY
JPM vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Chase & Co. (JPM) 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.
| JPM | ULTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.05 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 0.15 | +1.27 |
| Martin ratioReturn relative to average drawdown | 3.36 | 0.29 | +3.06 |
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Drawdowns
JPM vs. ULTY - Drawdown Comparison
The maximum JPM drawdown since its inception was -76.16%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for JPM and ULTY.
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Drawdown Indicators
| JPM | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -26.85% | -49.31% |
Max Drawdown (1Y)Largest decline over 1 year | -15.47% | -24.16% | +8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -38.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.63% | — | — |
Current DrawdownCurrent decline from peak | -3.66% | -10.79% | +7.13% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -9.90% | -7.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.54% | 12.47% | -5.93% |
Volatility
JPM vs. ULTY - Volatility Comparison
The current volatility for JPMorgan Chase & Co. (JPM) is 6.35%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 8.04%. This indicates that JPM 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.
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Volatility by Period
| JPM | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 8.04% | -1.69% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 16.40% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.76% | 21.55% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.46% | 27.32% | -2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.39% | 27.32% | +0.07% |
Dividends
JPM vs. ULTY - Dividend Comparison
JPM's dividend yield for the trailing twelve months is around 1.84%, less than ULTY's 113.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JPM JPMorgan Chase & Co. | 1.84% | 1.72% | 1.92% | 2.38% | 2.98% | 2.34% | 2.83% | 2.37% | 2.54% | 1.91% | 2.13% | 2.54% |
ULTY YieldMax Ultra Option Income Strategy ETF | 113.38% | 142.99% | 111.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
JPM and ULTY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULTY has higher volatility (8.04%) compared to JPM (6.35%). In terms of maximum drawdown, JPM dropped -76.16% vs ULTY's -26.85%.
JPM currently has the higher Sharpe Ratio (1.01 vs 0.17), 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.
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