KO vs. ULTY

Last updated Jun 9, 2026

KO (The Coca-Cola Company) is a stock, while ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, KO returned 14.71% vs 4.18% for ULTY. At a correlation of -0.12, they often move in opposite directions.

Performance

KO vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Coca-Cola Company (KO) 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, KO achieves a 14.56% return, which is significantly higher than ULTY's 7.39% return.

KO

• 1D: 0.08%
• 1M: 1.43%
• YTD: 14.56%
• 6M: 14.00%
• 1Y: 14.71%
• 3Y*: 12.88%
• 5Y*: 10.72%
• 10Y*: 8.99%

ULTY

• 1D: 0.94%
• 1M: -1.19%
• YTD: 7.39%
• 6M: 5.32%
• 1Y: 4.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KO vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KO The Coca-Cola Company	14.56%	15.60%	6.23%
ULTY YieldMax Ultra Option Income Strategy ETF	7.39%	-0.84%	-4.73%

Correlation

The correlation between KO and ULTY is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	-0.12

Return for Risk

KO vs. ULTY — Risk / Return Rank

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

KO

KO Risk / Return Rank: 69
KO Sharpe Ratio Rank: 71
KO Sortino Ratio Rank: 66
KO Omega Ratio Rank: 61
KO Calmar Ratio Rank: 74
KO Martin Ratio Rank: 71

ULTY

ULTY Risk / Return Rank: 12
ULTY Sharpe Ratio Rank: 12
ULTY Sortino Ratio Rank: 12
ULTY Omega Ratio Rank: 12
ULTY Calmar Ratio Rank: 11
ULTY Martin Ratio Rank: 11

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.

KO vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Coca-Cola Company (KO) 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.

	KO	ULTY	Difference
Sharpe ratio: Return per unit of total volatility	0.90	0.20	+0.71
Sortino ratio: Return per unit of downside risk	1.49	0.40	+1.09
Omega ratio: Gain probability vs. loss probability	1.16	1.05	+0.11
Calmar ratio: Return relative to maximum drawdown	1.87	0.17	+1.70
Martin ratio: Return relative to average drawdown	3.66	0.34	+3.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KO vs. ULTY - Sharpe Ratio Comparison

The current KO Sharpe Ratio is 0.90, which is higher than the ULTY Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of KO and ULTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KO	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	0.20	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.11	+0.42

Drawdowns

KO vs. ULTY - Drawdown Comparison

The maximum KO drawdown since its inception was -68.23%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for KO and ULTY.

Drawdown Indicators

	KO	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-68.23%	-26.85%	-41.38%
Max Drawdown (1Y) Largest decline over 1 year	-7.89%	-24.16%	+16.27%
Max Drawdown (3Y) Largest decline over 3 years	-16.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.27%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.99%	—	—
Current Drawdown Current decline from peak	-2.91%	-11.95%	+9.04%
Average Drawdown Average peak-to-trough decline	-16.09%	-9.38%	-6.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.03%	12.37%	-8.34%

Volatility

KO vs. ULTY - Volatility Comparison

The current volatility for The Coca-Cola Company (KO) is 5.81%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 6.96%. This indicates that KO 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.

Volatility by Period

	KO	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	6.96%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	15.88%	-3.51%
Volatility (1Y) Calculated over the trailing 1-year period	16.37%	21.21%	-4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	27.07%	-10.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.21%	27.07%	-8.86%

Dividends

KO vs. ULTY - Dividend Comparison

KO's dividend yield for the trailing twelve months is around 2.59%, less than ULTY's 115.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KO The Coca-Cola Company	2.59%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%
ULTY YieldMax Ultra Option Income Strategy ETF	115.53%	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

Can I hold both KO and ULTY in my portfolio?

KO and ULTY have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KO or ULTY?

ULTY has higher volatility (6.96%) compared to KO (5.81%). In terms of maximum drawdown, KO dropped -68.23% vs ULTY's -26.85%.

Which has better risk-adjusted returns?

KO currently has the higher Sharpe Ratio (0.90 vs 0.20), 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.