MINY vs. ULTY

Last updated Jun 27, 2026

MINY (YieldMax Strategic Metals & Mining Portfolio Option Income ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both exchange-traded funds - MINY is a Rare Earth & Strategic Metals fund actively managed by YieldMax, while ULTY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Their correlation of 0.82 suggests significant overlap in exposure. MINY charges 1.01%/yr vs 1.14%/yr for ULTY.

Performance

MINY vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Strategic Metals & Mining Portfolio Option Income ETF (MINY) and YieldMax Ultra Option Income Strategy ETF (ULTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MINY

• 1D: -0.71%
• 1M: -8.85%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: -0.96%
• 1M: -2.58%
• YTD: 7.24%
• 6M: 4.64%
• 1Y: -2.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MINY vs. ULTY - Yearly Performance Comparison

	2026 (YTD)
MINY YieldMax Strategic Metals & Mining Portfolio Option Income ETF	-16.12%
ULTY YieldMax Ultra Option Income Strategy ETF	1.99%

Correlation

The correlation between MINY and ULTY is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 27, 2026	0.83

Return for Risk

MINY vs. ULTY — Risk / Return Rank

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

MINY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ULTY

ULTY Risk / Return Rank: 8
ULTY Sharpe Ratio Rank: 8
ULTY Sortino Ratio Rank: 8
ULTY Omega Ratio Rank: 8
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.

MINY vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Strategic Metals & Mining Portfolio Option Income ETF (MINY) 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.

	MINY	ULTY	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.10	—
Sortino ratio: Return per unit of downside risk	—	0.02	—
Omega ratio: Gain probability vs. loss probability	—	1.00	—
Calmar ratio: Return relative to maximum drawdown	—	-0.09	—
Martin ratio: Return relative to average drawdown	—	-0.16	—

Drawdowns

MINY vs. ULTY - Drawdown Comparison

The maximum MINY drawdown since its inception was -19.23%, smaller than the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for MINY and ULTY.

Drawdown Indicators

	MINY	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-26.85%	+7.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.16%	—
Current Drawdown Current decline from peak	-16.69%	-12.07%	-4.62%
Average Drawdown Average peak-to-trough decline	-9.28%	-9.90%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.62%	—

Volatility

Volatility by Period

	MINY	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.15%	21.64%	+14.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.15%	27.25%	+8.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.15%	27.25%	+8.90%

MINY vs. ULTY - Expense Ratio Comparison

MINY has a 1.01% expense ratio, which is lower than ULTY's 1.14% expense ratio.

Dividends

MINY vs. ULTY - Dividend Comparison

MINY's dividend yield for the trailing twelve months is around 11.02%, less than ULTY's 114.50% yield.

Position	TTM	2025	2024
MINY YieldMax Strategic Metals & Mining Portfolio Option Income ETF	11.02%	0.00%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	114.50%	142.99%	111.70%

Frequently Asked Questions

Can I hold both MINY and ULTY in my portfolio?

MINY and ULTY have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MINY or ULTY?

On fees, MINY is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MINY or ULTY?

MINY is cheaper with a 1.01% expense ratio, compared with 1.14% for ULTY.

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

ULTY has the higher dividend yield at 114.50%, compared with 11.02% for MINY.

What is the main difference between MINY and ULTY?

MINY is categorized as Rare Earth & Strategic Metals, while ULTY is Derivative Income. Their fees differ too: 1.01% for MINY and 1.14% for ULTY.