LQTI vs. ULTY

Last updated Jul 14, 2026

LQTI (FT Vest Investment Grade & Target Income ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds. Both are actively managed. Over the past year, LQTI returned 3.49% vs -3.83% for ULTY. At a 0.20 correlation, their price movements are largely independent. LQTI charges 0.65%/yr vs 1.14%/yr for ULTY.

Performance

LQTI vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Investment Grade & Target Income ETF (LQTI) 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, LQTI achieves a -0.81% return, which is significantly lower than ULTY's 7.52% return.

LQTI

• 1D: -0.45%
• 1M: -1.23%
• 6M: -0.95%
• YTD: -0.81%
• 1Y: 3.49%
• 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)

LQTI vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025
LQTI FT Vest Investment Grade & Target Income ETF	-0.81%	6.59%
ULTY YieldMax Ultra Option Income Strategy ETF	7.52%	-4.83%

Correlation

The correlation between LQTI and ULTY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.20

Return for Risk

LQTI vs. ULTY — Risk / Return Rank

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

LQTI

LQTI Risk / Return Rank: 24
LQTI Sharpe Ratio Rank: 23
LQTI Sortino Ratio Rank: 22
LQTI Omega Ratio Rank: 20
LQTI Calmar Ratio Rank: 26
LQTI Martin Ratio Rank: 27

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.

LQTI vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Investment Grade & Target Income ETF (LQTI) 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.

	LQTI	ULTY	Difference
Sharpe ratio: Return per unit of total volatility	0.68	-0.18	+0.86
Sortino ratio: Return per unit of downside risk	1.00	-0.09	+1.09
Omega ratio: Gain probability vs. loss probability	1.12	0.99	+0.13
Calmar ratio: Return relative to maximum drawdown	1.03	-0.16	+1.19
Martin ratio: Return relative to average drawdown	2.96	-0.30	+3.26

LQTI vs. ULTY - Sharpe Ratio Comparison

The current LQTI Sharpe Ratio is 0.68, which is higher than the ULTY Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of LQTI 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

LQTI vs. ULTY - Drawdown Comparison

The maximum LQTI drawdown since its inception was -3.41%, smaller than the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for LQTI and ULTY.

Drawdown Indicators

	LQTI	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-3.41%	-26.85%	+23.44%
Max Drawdown (1Y) Largest decline over 1 year	-3.41%	-24.16%	+20.75%
Current Drawdown Current decline from peak	-2.40%	-11.84%	+9.44%
Average Drawdown Average peak-to-trough decline	-0.91%	-9.93%	+9.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	12.82%	-11.64%

Volatility

LQTI vs. ULTY - Volatility Comparison

The current volatility for FT Vest Investment Grade & Target Income ETF (LQTI) is 1.51%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 6.90%. This indicates that LQTI 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

	LQTI	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.51%	6.90%	-5.39%
Volatility (6M) Calculated over the trailing 6-month period	4.13%	16.40%	-12.27%
Volatility (1Y) Calculated over the trailing 1-year period	5.14%	21.72%	-16.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.93%	27.15%	-21.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.93%	27.15%	-21.22%

LQTI vs. ULTY - Expense Ratio Comparison

LQTI has a 0.65% expense ratio, which is lower than ULTY's 1.14% expense ratio.

Dividends

LQTI vs. ULTY - Dividend Comparison

LQTI's dividend yield for the trailing twelve months is around 9.25%, less than ULTY's 112.57% yield.

Position	TTM	2025	2024
LQTI FT Vest Investment Grade & Target Income ETF	9.25%	7.01%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	112.57%	142.99%	111.70%

Frequently Asked Questions

Can I hold both LQTI and ULTY in my portfolio?

LQTI and ULTY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LQTI or ULTY?

ULTY has higher volatility (6.90%) compared to LQTI (1.51%). In terms of maximum drawdown, LQTI dropped -3.41% vs ULTY's -26.85%.

Which ETF is better, LQTI or ULTY?

On 1-year performance, LQTI leads with 3.49% vs -3.83% for ULTY. On fees, LQTI is cheaper at 0.65% per year. On volatility, LQTI has been the lower-risk option at 1.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LQTI or ULTY?

Over the 1-year period, LQTI has performed better with a 3.49% return vs -3.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LQTI or ULTY?

LQTI is cheaper with a 0.65% expense ratio, compared with 1.14% for ULTY.

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

ULTY has the higher dividend yield at 112.57%, compared with 9.25% for LQTI.

What is the main difference between LQTI and ULTY?

They also come from different issuers: FT Vest and YieldMax. Their fees differ too: 0.65% for LQTI and 1.14% for ULTY.

Which has better risk-adjusted returns?

LQTI currently has the higher Sharpe Ratio (0.68 vs -0.18), 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.