PLTY vs. FXU

Last updated Jul 17, 2026

PLTY (YieldMax PLTR Option Income Strategy ETF) and FXU (First Trust Utilities AlphaDEX Fund) are both exchange-traded funds - PLTY is a Derivative Income fund actively managed by YieldMax, while FXU is a Utilities Equities fund tracking the StrataQuant Utilities Index. PLTY is actively managed, while FXU is passively managed. Over the past year, PLTY returned -8.96% vs 20.25% for FXU. At a 0.04 correlation, their price movements are largely independent. PLTY charges 0.99%/yr vs 0.62%/yr for FXU.

Performance

PLTY vs. FXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax PLTR Option Income Strategy ETF (PLTY) and First Trust Utilities AlphaDEX Fund (FXU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTY achieves a -17.59% return, which is significantly lower than FXU's 12.12% return.

PLTY

• 1D: 0.32%
• 1M: 0.75%
• 6M: -17.50%
• YTD: -17.59%
• 1Y: -8.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FXU

• 1D: 1.07%
• 1M: 2.99%
• 6M: 8.95%
• YTD: 12.12%
• 1Y: 20.25%
• 3Y*: 18.58%
• 5Y*: 12.64%
• 10Y*: 9.14%

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

PLTY vs. FXU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PLTY YieldMax PLTR Option Income Strategy ETF	-17.59%	78.06%	52.50%
FXU First Trust Utilities AlphaDEX Fund	12.12%	21.86%	-0.01%

Correlation

The correlation between PLTY and FXU is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.12
Correlation (All Time) Calculated using the full available price history since Oct 8, 2024	0.04

The correlation between PLTY and FXU shifts across timeframes, from -0.12 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.

Return for Risk

PLTY vs. FXU — Risk / Return Rank

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

PLTY

PLTY Risk / Return Rank: 8
PLTY Sharpe Ratio Rank: 7
PLTY Sortino Ratio Rank: 8
PLTY Omega Ratio Rank: 8
PLTY Calmar Ratio Rank: 7
PLTY Martin Ratio Rank: 7

FXU

FXU Risk / Return Rank: 51
FXU Sharpe Ratio Rank: 54
FXU Sortino Ratio Rank: 51
FXU Omega Ratio Rank: 48
FXU Calmar Ratio Rank: 59
FXU Martin Ratio Rank: 45

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.

PLTY vs. FXU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax PLTR Option Income Strategy ETF (PLTY) and First Trust Utilities AlphaDEX Fund (FXU). 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.

	PLTY	FXU	Difference
Sharpe ratio: Return per unit of total volatility	-0.21	1.49	-1.70
Sortino ratio: Return per unit of downside risk	-0.00	2.06	-2.06
Omega ratio: Gain probability vs. loss probability	1.00	1.25	-0.25
Calmar ratio: Return relative to maximum drawdown	-0.22	2.36	-2.57
Martin ratio: Return relative to average drawdown	-0.43	5.98	-6.41

PLTY vs. FXU - Sharpe Ratio Comparison

The current PLTY Sharpe Ratio is -0.21, which is lower than the FXU Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of PLTY and FXU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTY vs. FXU - Drawdown Comparison

The maximum PLTY drawdown since its inception was -41.36%, smaller than the maximum FXU drawdown of -49.00%. Use the drawdown chart below to compare losses from any high point for PLTY and FXU.

Drawdown Indicators

	PLTY	FXU	Difference
Max Drawdown Largest peak-to-trough decline	-41.36%	-49.00%	+7.64%
Max Drawdown (1Y) Largest decline over 1 year	-41.36%	-8.63%	-32.73%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.87%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.81%	—
Current Drawdown Current decline from peak	-28.52%	-2.14%	-26.38%
Average Drawdown Average peak-to-trough decline	-13.97%	-7.61%	-6.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.71%	3.40%	+17.31%

Volatility

PLTY vs. FXU - Volatility Comparison

YieldMax PLTR Option Income Strategy ETF (PLTY) has a higher volatility of 13.36% compared to First Trust Utilities AlphaDEX Fund (FXU) at 4.63%. This indicates that PLTY's price experiences larger fluctuations and is considered to be riskier than FXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PLTY	FXU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.36%	4.63%	+8.73%
Volatility (6M) Calculated over the trailing 6-month period	33.51%	10.79%	+22.72%
Volatility (1Y) Calculated over the trailing 1-year period	43.15%	13.61%	+29.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.34%	16.61%	+35.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.34%	18.36%	+33.98%

PLTY vs. FXU - Expense Ratio Comparison

PLTY has a 0.99% expense ratio, which is higher than FXU's 0.62% expense ratio.

Dividends

PLTY vs. FXU - Dividend Comparison

PLTY's dividend yield for the trailing twelve months is around 118.79%, more than FXU's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXU First Trust Utilities AlphaDEX Fund	2.13%	2.29%	2.41%	2.52%	2.03%	2.00%	3.97%	2.34%	2.40%	3.81%	2.62%	3.90%
PLTY YieldMax PLTR Option Income Strategy ETF	118.79%	112.44%	7.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PLTY and FXU in my portfolio?

PLTY and FXU have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTY or FXU?

PLTY has higher volatility (13.36%) compared to FXU (4.63%). In terms of maximum drawdown, PLTY dropped -41.36% vs FXU's -49.00%.

Which ETF is better, PLTY or FXU?

On 1-year performance, FXU leads with 20.25% vs -8.96% for PLTY. On fees, FXU is cheaper at 0.62% per year. On volatility, FXU has been the lower-risk option at 4.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PLTY or FXU?

Over the 1-year period, FXU has performed better with a 20.25% return vs -8.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PLTY or FXU?

FXU is cheaper with a 0.62% expense ratio, compared with 0.99% for PLTY.

Which ETF pays a higher dividend yield, PLTY or FXU?

PLTY has the higher dividend yield at 118.79%, compared with 2.13% for FXU.

What is the main difference between PLTY and FXU?

PLTY is categorized as Derivative Income, while FXU is Utilities Equities. They also come from different issuers: YieldMax and First Trust. Their fees differ too: 0.99% for PLTY and 0.62% for FXU.

Which has better risk-adjusted returns?

FXU currently has the higher Sharpe Ratio (1.49 vs -0.21), 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.