KIQQ vs. ULTI

Last updated Jun 6, 2026

KIQQ (KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.49 correlation, their price movements are largely independent. KIQQ charges 0.79%/yr vs 1.25%/yr for ULTI.

Performance

KIQQ vs. ULTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) and REX IncomeMax Option Strategy ETF (ULTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KIQQ

• 1D: -3.57%
• 1M: 0.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: -7.13%
• 1M: 3.97%
• YTD: 33.28%
• 6M: 10.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KIQQ vs. ULTI - Yearly Performance Comparison

	2026 (YTD)
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	6.53%
ULTI REX IncomeMax Option Strategy ETF	17.64%

Correlation

The correlation between KIQQ and ULTI is 0.49, 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 Jan 8, 2026	0.49

Return for Risk

KIQQ vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF (KIQQ) 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

	KIQQ	ULTI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.16	-0.45	+1.61

Drawdowns

KIQQ vs. ULTI - Drawdown Comparison

The maximum KIQQ drawdown since its inception was -8.89%, smaller than the maximum ULTI drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for KIQQ and ULTI.

Drawdown Indicators

	KIQQ	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-8.89%	-41.74%	+32.85%
Current Drawdown Current decline from peak	-4.01%	-17.78%	+13.77%
Average Drawdown Average peak-to-trough decline	-2.44%	-27.95%	+25.51%

Volatility

Volatility by Period

	KIQQ	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	14.55%	62.69%	-48.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.55%	62.69%	-48.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.55%	62.69%	-48.14%

KIQQ vs. ULTI - Expense Ratio Comparison

KIQQ has a 0.79% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

KIQQ vs. ULTI - Dividend Comparison

KIQQ's dividend yield for the trailing twelve months is around 3.66%, less than ULTI's 47.92% yield.

Position	TTM	2025
KIQQ KraneShares InspereX Nasdaq Dynamic Buffered High Income Index ETF	3.66%	0.00%
ULTI REX IncomeMax Option Strategy ETF	47.92%	14.96%

Frequently Asked Questions

Can I hold both KIQQ and ULTI in my portfolio?

KIQQ and ULTI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KIQQ or ULTI?

On fees, KIQQ is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KIQQ or ULTI?

KIQQ is cheaper with a 0.79% expense ratio, compared with 1.25% for ULTI.

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

ULTI has the higher dividend yield at 47.92%, compared with 3.66% for KIQQ.

What is the main difference between KIQQ and ULTI?

They also come from different issuers: KraneShares and REX Shares. Their fees differ too: 0.79% for KIQQ and 1.25% for ULTI.