SLTY vs. ESML
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and ESML (iShares ESG Aware MSCI USA Small-Cap ETF) are both exchange-traded funds - SLTY is a Derivative Income fund actively managed by YieldMax, while ESML is a Small Cap Growth Equities fund tracking the MSCI USA Small Cap Extended ESG Focus Index. SLTY is actively managed, while ESML is passively managed. Their -0.60 correlation means they have often moved in opposite directions in the past. SLTY charges 1.24%/yr vs 0.17%/yr for ESML.
Performance
SLTY vs. ESML - Performance Comparison
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Returns By Period
In the year-to-date period, SLTY achieves a -5.42% return, which is significantly lower than ESML's 17.35% return.
SLTY
- 1D
- 1.07%
- 1M
- 2.37%
- 6M
- 2.18%
- YTD
- -5.42%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ESML
- 1D
- -0.17%
- 1M
- -2.10%
- 6M
- 11.46%
- YTD
- 17.35%
- 1Y
- 31.31%
- 3Y*
- 14.39%
- 5Y*
- 7.63%
- 10Y*
- —
- ALL TIME*
- 10.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.23M | $5.41M | $10.96M | |
| $325.37K | $361.52K | $510.06K |
SLTY vs. ESML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -5.42% | -12.61% |
ESML iShares ESG Aware MSCI USA Small-Cap ETF | 17.35% | 7.85% |
Correlation
The correlation between SLTY and ESML is -0.60, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 21, 2025 | -0.60 |
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Return for Risk
SLTY vs. ESML — Risk / Return Rank
SLTY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ESML
SLTY vs. ESML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) and iShares ESG Aware MSCI USA Small-Cap ETF (ESML). 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.
| SLTY | ESML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.24 | — |
| Martin ratioReturn relative to average drawdown | — | 11.36 | — |
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Drawdowns
SLTY vs. ESML - Drawdown Comparison
The maximum SLTY drawdown since its inception was -21.27%, smaller than the maximum ESML drawdown of -41.97%. Use the drawdown chart below to compare losses from any high point for SLTY and ESML.
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Drawdown Indicators
| SLTY | ESML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -41.97% | +20.70% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.04% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.61% | — |
Current DrawdownCurrent decline from peak | -17.35% | -3.95% | -13.40% |
Average DrawdownAverage peak-to-trough decline | -14.80% | -8.83% | -5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.58% | — |
Volatility
SLTY vs. ESML - Volatility Comparison
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Volatility by Period
| SLTY | ESML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 17.16% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.54% | 21.20% | -3.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 23.29% | -5.75% |
SLTY vs. ESML - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than ESML's 0.17% expense ratio.
Dividends
SLTY vs. ESML - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 89.62%, more than ESML's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
ESML iShares ESG Aware MSCI USA Small-Cap ETF | 0.92% | 1.08% | 1.22% | 1.31% | 1.46% | 0.94% | 0.99% | 1.10% | 1.07% |
SLTY YieldMax Ultra Short Option Income Strategy ETF | 89.62% | 29.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SLTY and ESML have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ESML is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ESML is cheaper with a 0.17% expense ratio, compared with 1.24% for SLTY.
SLTY has the higher dividend yield at 89.62%, compared with 0.92% for ESML.
SLTY is categorized as Derivative Income, while ESML is Small Cap Growth Equities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.24% for SLTY and 0.17% for ESML.
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