SLTY vs. OMAH
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.36, they often move in opposite directions. SLTY charges 1.24%/yr vs 0.95%/yr for OMAH.
Performance
SLTY vs. OMAH - Performance Comparison
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Returns By Period
In the year-to-date period, SLTY achieves a -6.01% return, which is significantly lower than OMAH's 4.56% return.
SLTY
- 1D
- 0.65%
- 1M
- -1.73%
- YTD
- -6.01%
- 6M
- -5.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OMAH
- 1D
- -0.70%
- 1M
- 0.44%
- YTD
- 4.56%
- 6M
- 4.00%
- 1Y
- 11.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLTY vs. OMAH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -6.01% | -12.17% |
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 4.56% | 2.40% |
Correlation
The correlation between SLTY and OMAH is -0.36, 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 (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.36 |
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Return for Risk
SLTY vs. OMAH — Risk / Return Rank
SLTY
OMAH
SLTY vs. OMAH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) 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.
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
| SLTY | OMAH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.19 | 0.70 | -1.89 |
Drawdowns
SLTY vs. OMAH - Drawdown Comparison
The maximum SLTY drawdown since its inception was -20.88%, which is greater than OMAH's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for SLTY and OMAH.
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Drawdown Indicators
| SLTY | OMAH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.88% | -11.83% | -9.05% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.00% | — |
Current DrawdownCurrent decline from peak | -17.45% | -2.65% | -14.80% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -1.26% | -12.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.21% | — |
Volatility
SLTY vs. OMAH - Volatility Comparison
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Volatility by Period
| SLTY | OMAH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.49% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 8.05% | +10.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 13.21% | +5.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 13.21% | +5.21% |
SLTY vs. OMAH - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than OMAH's 0.95% expense ratio.
Dividends
SLTY vs. OMAH - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 74.24%, more than OMAH's 15.44% yield.
| Position | TTM | 2025 |
|---|---|---|
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 15.44% | 12.86% |
SLTY YieldMax Ultra Short Option Income Strategy ETF | 74.24% | 29.68% |
Frequently Asked Questions
SLTY and OMAH have a correlation of -0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OMAH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OMAH is cheaper with a 0.95% expense ratio, compared with 1.24% for SLTY.
SLTY has the higher dividend yield at 74.24%, compared with 15.44% for OMAH.
They also come from different issuers: YieldMax and VistaShares. Their fees differ too: 1.24% for SLTY and 0.95% for OMAH.
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