NUKX vs. ULTI

Last updated Jun 3, 2026

NUKX (Nicholas Nuclear Income ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.71 correlation means they provide meaningful diversification when combined. NUKX charges 1.07%/yr vs 1.25%/yr for ULTI.

Performance

NUKX vs. ULTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Nuclear Income ETF (NUKX) and REX IncomeMax Option Strategy ETF (ULTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NUKX

• 1D: 5.13%
• 1M: -2.86%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: 4.24%
• 1M: 19.14%
• YTD: 47.97%
• 6M: 30.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUKX vs. ULTI - Yearly Performance Comparison

	2026 (YTD)
NUKX Nicholas Nuclear Income ETF	0.70%
ULTI REX IncomeMax Option Strategy ETF	52.45%

Correlation

The correlation between NUKX and ULTI is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 4, 2026	0.71

Return for Risk

NUKX vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Nuclear Income ETF (NUKX) 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

	NUKX	ULTI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.24	+0.29

Drawdowns

NUKX vs. ULTI - Drawdown Comparison

The maximum NUKX drawdown since its inception was -18.73%, smaller than the maximum ULTI drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for NUKX and ULTI.

Drawdown Indicators

	NUKX	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-18.73%	-41.74%	+23.01%
Current Drawdown Current decline from peak	-7.37%	-8.71%	+1.34%
Average Drawdown Average peak-to-trough decline	-6.96%	-28.24%	+21.28%

Volatility

Volatility by Period

	NUKX	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	49.06%	62.51%	-13.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.06%	62.51%	-13.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.06%	62.51%	-13.45%

NUKX vs. ULTI - Expense Ratio Comparison

NUKX has a 1.07% expense ratio, which is lower than ULTI's 1.25% expense ratio.

Dividends

NUKX vs. ULTI - Dividend Comparison

NUKX's dividend yield for the trailing twelve months is around 3.62%, less than ULTI's 41.23% yield.

Position	TTM	2025
NUKX Nicholas Nuclear Income ETF	3.62%	0.00%
ULTI REX IncomeMax Option Strategy ETF	41.23%	14.96%

Frequently Asked Questions

Can I hold both NUKX and ULTI in my portfolio?

NUKX and ULTI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUKX or ULTI?

On fees, NUKX is cheaper at 1.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUKX or ULTI?

NUKX is cheaper with a 1.07% expense ratio, compared with 1.25% for ULTI.

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

ULTI has the higher dividend yield at 41.23%, compared with 3.62% for NUKX.

What is the main difference between NUKX and ULTI?

They also come from different issuers: Nicholas Wealth and REX Shares. Their fees differ too: 1.07% for NUKX and 1.25% for ULTI.