LFGY vs. ULTY

Last updated Jul 14, 2026

LFGY (YieldMax Crypto Industry & Tech Portfolio Option Income ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. Over the past year, LFGY returned -8.29% vs -3.83% for ULTY. Their correlation of 0.81 suggests significant overlap in exposure. LFGY charges 1.02%/yr vs 1.14%/yr for ULTY.

Performance

LFGY vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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, LFGY achieves a 6.63% return, which is significantly lower than ULTY's 7.52% return.

LFGY

• 1D: -2.20%
• 1M: -7.14%
• 6M: -0.13%
• YTD: 6.63%
• 1Y: -8.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: -1.08%
• 1M: -1.18%
• 6M: 4.13%
• YTD: 7.52%
• 1Y: -3.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

LFGY vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	6.63%	-9.35%
ULTY YieldMax Ultra Option Income Strategy ETF	7.52%	0.09%

Correlation

The correlation between LFGY and ULTY is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jan 14, 2025	0.81

The correlation between LFGY and ULTY has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.

LFGY vs. ULTY - Sectors Allocation Comparison

Sectors	LFGY	ULTY
Financial Services	57.8%	9.8%
Technology	33.5%	52.3%
Communication Services	5.4%	7.6%
Consumer Cyclical	3.4%	6.6%
Basic Materials	-	12.0%
Consumer Defensive	-	0.0%
Energy	-	-
Healthcare	-	1.1%
Industrials	-	10.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

LFGY vs. ULTY — Risk / Return Rank

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

LFGY

LFGY Risk / Return Rank: 7
LFGY Sharpe Ratio Rank: 7
LFGY Sortino Ratio Rank: 8
LFGY Omega Ratio Rank: 7
LFGY Calmar Ratio Rank: 7
LFGY Martin Ratio Rank: 7

ULTY

ULTY Risk / Return Rank: 7
ULTY Sharpe Ratio Rank: 8
ULTY Sortino Ratio Rank: 7
ULTY Omega Ratio Rank: 7
ULTY Calmar Ratio Rank: 8
ULTY Martin Ratio Rank: 8

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.

LFGY vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) 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.

	LFGY	ULTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	-0.18	-0.04
Sortino ratio: Return per unit of downside risk	-0.04	-0.09	+0.06
Omega ratio: Gain probability vs. loss probability	1.00	0.99	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.23	-0.16	-0.07
Martin ratio: Return relative to average drawdown	-0.49	-0.30	-0.19

LFGY vs. ULTY - Sharpe Ratio Comparison

The current LFGY Sharpe Ratio is -0.21, which is comparable to the ULTY Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of LFGY 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.

Drawdowns

LFGY vs. ULTY - Drawdown Comparison

The maximum LFGY drawdown since its inception was -35.94%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for LFGY and ULTY.

Drawdown Indicators

	LFGY	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-35.94%	-26.85%	-9.09%
Max Drawdown (1Y) Largest decline over 1 year	-35.94%	-24.16%	-11.78%
Current Drawdown Current decline from peak	-18.55%	-11.84%	-6.71%
Average Drawdown Average peak-to-trough decline	-14.01%	-9.93%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.02%	12.82%	+4.20%

Volatility

LFGY vs. ULTY - Volatility Comparison

YieldMax Crypto Industry & Tech Portfolio Option Income ETF (LFGY) has a higher volatility of 11.63% compared to YieldMax Ultra Option Income Strategy ETF (ULTY) at 6.90%. This indicates that LFGY's price experiences larger fluctuations and is considered to be riskier than ULTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LFGY	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.63%	6.90%	+4.73%
Volatility (6M) Calculated over the trailing 6-month period	31.74%	16.40%	+15.34%
Volatility (1Y) Calculated over the trailing 1-year period	39.05%	21.72%	+17.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.18%	27.15%	+15.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.18%	27.15%	+15.03%

LFGY vs. ULTY - Expense Ratio Comparison

LFGY has a 1.02% expense ratio, which is lower than ULTY's 1.14% expense ratio.

Dividends

LFGY vs. ULTY - Dividend Comparison

LFGY's dividend yield for the trailing twelve months is around 87.37%, less than ULTY's 112.57% yield.

Position	TTM	2025	2024
LFGY YieldMax Crypto Industry & Tech Portfolio Option Income ETF	87.37%	94.90%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	112.57%	142.99%	111.70%

Frequently Asked Questions

Can I hold both LFGY and ULTY in my portfolio?

LFGY and ULTY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LFGY or ULTY?

LFGY has higher volatility (11.63%) compared to ULTY (6.90%). In terms of maximum drawdown, LFGY dropped -35.94% vs ULTY's -26.85%.

Which ETF is better, LFGY or ULTY?

On 1-year performance, ULTY leads with -3.83% vs -8.29% for LFGY. On fees, LFGY is cheaper at 1.02% per year. On volatility, ULTY has been the lower-risk option at 6.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LFGY or ULTY?

Over the 1-year period, ULTY has performed better with a -3.83% return vs -8.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LFGY or ULTY?

LFGY is cheaper with a 1.02% expense ratio, compared with 1.14% for ULTY.

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

ULTY has the higher dividend yield at 112.57%, compared with 87.37% for LFGY.

What is the main difference between LFGY and ULTY?

Their fees differ too: 1.02% for LFGY and 1.14% for ULTY.

Which has better risk-adjusted returns?

ULTY currently has the higher Sharpe Ratio (-0.18 vs -0.21), 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.