ODTE vs. ULTI
ODTE (VegaShares SPX NDX RTY Premium Income ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. ODTE charges 0.76%/yr vs 1.25%/yr for ULTI.
Performance
ODTE vs. ULTI - Performance Comparison
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Returns By Period
ODTE
- 1D
- -3.53%
- 1M
- -1.06%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTI
- 1D
- 0.44%
- 1M
- 6.13%
- YTD
- 33.86%
- 6M
- 11.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ODTE vs. ULTI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 9.10% |
ULTI REX IncomeMax Option Strategy ETF | 22.09% |
Correlation
The correlation between ODTE and ULTI is 0.63, 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 Apr 6, 2026 | 0.63 |
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Return for Risk
ODTE vs. ULTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VegaShares SPX NDX RTY Premium Income ETF (ODTE) 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.
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Sharpe Ratios by Period
| ODTE | ULTI | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | 4.46 | -0.44 | +4.91 |
Drawdowns
ODTE vs. ULTI - Drawdown Comparison
The maximum ODTE drawdown since its inception was -3.86%, smaller than the maximum ULTI drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for ODTE and ULTI.
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Drawdown Indicators
| ODTE | ULTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.86% | -41.74% | +37.88% |
Current DrawdownCurrent decline from peak | -3.86% | -17.42% | +13.56% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -27.88% | +27.41% |
Volatility
ODTE vs. ULTI - Volatility Comparison
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Volatility by Period
| ODTE | ULTI | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 14.67% | 62.48% | -47.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.67% | 62.48% | -47.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 62.48% | -47.81% |
ODTE vs. ULTI - Expense Ratio Comparison
ODTE has a 0.76% expense ratio, which is lower than ULTI's 1.25% expense ratio.
Dividends
ODTE vs. ULTI - Dividend Comparison
ODTE's dividend yield for the trailing twelve months is around 2.19%, less than ULTI's 47.71% yield.
| Position | TTM | 2025 |
|---|---|---|
ODTE VegaShares SPX NDX RTY Premium Income ETF | 2.19% | 0.00% |
ULTI REX IncomeMax Option Strategy ETF | 47.71% | 14.96% |
Frequently Asked Questions
ODTE and ULTI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ODTE is cheaper with a 0.76% expense ratio, compared with 1.25% for ULTI.
ULTI has the higher dividend yield at 47.71%, compared with 2.19% for ODTE.
They also come from different issuers: VegaShares and REX Shares. Their fees differ too: 0.76% for ODTE and 1.25% for ULTI.
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