PLT vs. ULTI

Last updated Jun 4, 2026

PLT (Defiance Leveraged Long + Income PLTR ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. PLT charges 1.51%/yr vs 1.25%/yr for ULTI.

Performance

PLT vs. ULTI - Performance Comparison

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

Returns By Period

In the year-to-date period, PLT achieves a -11.99% return, which is significantly lower than ULTI's 43.46% return.

PLT

• 1D: 0.00%
• 1M: 0.00%
• YTD: -11.99%
• 6M: -11.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: -3.05%
• 1M: 12.53%
• YTD: 43.46%
• 6M: 22.97%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PLT vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
PLT Defiance Leveraged Long + Income PLTR ETF	-11.99%	-25.11%
ULTI REX IncomeMax Option Strategy ETF	43.46%	-38.31%

Correlation

The correlation between PLT and ULTI is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 3, 2025	0.28

Return for Risk

PLT vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Leveraged Long + Income PLTR ETF (PLT) 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

	PLT	ULTI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	-0.31	+0.30

Drawdowns

PLT vs. ULTI - Drawdown Comparison

The maximum PLT drawdown since its inception was -43.74%, roughly equal to the maximum ULTI drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for PLT and ULTI.

Drawdown Indicators

	PLT	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-43.74%	-41.74%	-2.00%
Current Drawdown Current decline from peak	-38.06%	-11.50%	-26.56%
Average Drawdown Average peak-to-trough decline	-25.60%	-28.13%	+2.53%

Volatility

Volatility by Period

	PLT	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	60.67%	62.43%	-1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.67%	62.43%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.67%	62.43%	-1.76%

PLT vs. ULTI - Expense Ratio Comparison

PLT has a 1.51% expense ratio, which is higher than ULTI's 1.25% expense ratio.

Dividends

PLT vs. ULTI - Dividend Comparison

PLT's dividend yield for the trailing twelve months is around 38.02%, less than ULTI's 42.53% yield.

Position	TTM	2025
PLT Defiance Leveraged Long + Income PLTR ETF	38.02%	29.28%
ULTI REX IncomeMax Option Strategy ETF	42.53%	14.96%

Frequently Asked Questions

Can I hold both PLT and ULTI in my portfolio?

PLT and ULTI have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PLT or ULTI?

On fees, ULTI is cheaper at 1.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PLT or ULTI?

ULTI is cheaper with a 1.25% expense ratio, compared with 1.51% for PLT.

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

ULTI has the higher dividend yield at 42.53%, compared with 38.02% for PLT.

What is the main difference between PLT and ULTI?

They also come from different issuers: Defiance and REX Shares. Their fees differ too: 1.51% for PLT and 1.25% for ULTI.