ODTE vs. OMAH

Last updated Jul 3, 2026

ODTE (VegaShares SPX NDX RTY Premium Income ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. ODTE charges 0.76%/yr vs 0.95%/yr for OMAH.

Performance

ODTE vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VegaShares SPX NDX RTY Premium Income ETF (ODTE) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ODTE

• 1D: -0.88%
• 1M: -2.97%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

OMAH

• 1D: 1.29%
• 1M: 3.11%
• 6M: 8.58%
• YTD: 8.58%
• 1Y: 12.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ODTE vs. OMAH - Yearly Performance Comparison

	2026 (YTD)
ODTE VegaShares SPX NDX RTY Premium Income ETF	11.25%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	9.04%

Correlation

The correlation between ODTE and OMAH 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 (All Time) Calculated using the full available price history since Apr 2, 2026	0.07

Return for Risk

ODTE vs. OMAH — Risk / Return Rank

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

ODTE

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

OMAH

OMAH Risk / Return Rank: 62
OMAH Sharpe Ratio Rank: 54
OMAH Sortino Ratio Rank: 54
OMAH Omega Ratio Rank: 50
OMAH Calmar Ratio Rank: 87
OMAH Martin Ratio Rank: 66

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.

ODTE vs. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). 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.

	ODTE	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	—	1.57	—
Sortino ratio: Return per unit of downside risk	—	2.22	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	4.26	—
Martin ratio: Return relative to average drawdown	—	10.01	—

Drawdowns

ODTE vs. OMAH - Drawdown Comparison

The maximum ODTE drawdown since its inception was -4.67%, smaller than the maximum OMAH drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for ODTE and OMAH.

Drawdown Indicators

	ODTE	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-4.67%	-11.83%	+7.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.00%	—
Current Drawdown Current decline from peak	-2.97%	0.00%	-2.97%
Average Drawdown Average peak-to-trough decline	-1.06%	-1.27%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.28%	—

Volatility

Volatility by Period

	ODTE	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.51%	8.16%	+7.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.51%	12.99%	+2.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.51%	12.99%	+2.52%

ODTE vs. OMAH - Expense Ratio Comparison

ODTE has a 0.76% expense ratio, which is lower than OMAH's 0.95% expense ratio.

Dividends

ODTE vs. OMAH - Dividend Comparison

ODTE's dividend yield for the trailing twelve months is around 3.27%, less than OMAH's 15.02% yield.

Position	TTM	2025
ODTE VegaShares SPX NDX RTY Premium Income ETF	3.27%	0.00%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	15.02%	12.86%

Frequently Asked Questions

Can I hold both ODTE and OMAH in my portfolio?

ODTE and OMAH 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.

Which ETF is better, ODTE or OMAH?

On fees, ODTE is cheaper at 0.76% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ODTE or OMAH?

ODTE is cheaper with a 0.76% expense ratio, compared with 0.95% for OMAH.

Which ETF pays a higher dividend yield, ODTE or OMAH?

OMAH has the higher dividend yield at 15.02%, compared with 3.27% for ODTE.

What is the main difference between ODTE and OMAH?

They also come from different issuers: VegaShares and VistaShares. Their fees differ too: 0.76% for ODTE and 0.95% for OMAH.