O vs. ULTY
O (Realty Income Corporation) is a stock, while ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, O returned 14.25% vs 3.61% for ULTY. At a correlation of -0.01, they often move in opposite directions.
Performance
O vs. ULTY - Performance Comparison
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Returns By Period
In the year-to-date period, O achieves a 13.70% return, which is significantly higher than ULTY's 8.80% return.
O
- 1D
- 1.31%
- 1M
- 2.40%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.25%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
ULTY
- 1D
- 1.04%
- 1M
- -0.81%
- YTD
- 8.80%
- 6M
- 8.04%
- 1Y
- 3.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
O vs. ULTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
O Realty Income Corporation | 13.70% | 12.20% | 7.55% |
ULTY YieldMax Ultra Option Income Strategy ETF | 8.80% | -0.84% | -4.73% |
Correlation
The correlation between O and ULTY is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | -0.01 |
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Return for Risk
O vs. ULTY — Risk / Return Rank
O
ULTY
O vs. ULTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Realty Income Corporation (O) 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.
| O | ULTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.05 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.29 | 0.15 | +1.14 |
| Martin ratioReturn relative to average drawdown | 3.12 | 0.29 | +2.83 |
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Drawdowns
O vs. ULTY - Drawdown Comparison
The maximum O drawdown since its inception was -48.45%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for O and ULTY.
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Drawdown Indicators
| O | ULTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.45% | -26.85% | -21.60% |
Max Drawdown (1Y)Largest decline over 1 year | -11.10% | -24.16% | +13.06% |
Max Drawdown (3Y)Largest decline over 3 years | -26.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | — | — |
Current DrawdownCurrent decline from peak | -5.94% | -10.79% | +4.85% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -9.90% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 12.47% | -7.89% |
Volatility
O vs. ULTY - Volatility Comparison
The current volatility for Realty Income Corporation (O) is 5.29%, while YieldMax Ultra Option Income Strategy ETF (ULTY) has a volatility of 8.04%. This indicates that O 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.
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Volatility by Period
| O | ULTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 8.04% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 16.40% | -4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.21% | 21.55% | -5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.92% | 27.32% | -8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 27.32% | -1.68% |
Dividends
O vs. ULTY - Dividend Comparison
O's dividend yield for the trailing twelve months is around 5.16%, less than ULTY's 113.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
ULTY YieldMax Ultra Option Income Strategy ETF | 113.38% | 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
O and ULTY have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULTY has higher volatility (8.04%) compared to O (5.29%). In terms of maximum drawdown, O dropped -48.45% vs ULTY's -26.85%.
O currently has the higher Sharpe Ratio (0.88 vs 0.17), 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.
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