SLTY vs. SPUT
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and SPUT (Innovator Equity Premium Income Daily PutWrite ETF) are both Derivative Income funds. Both are actively managed. At a correlation of -0.59, they often move in opposite directions. SLTY charges 1.24%/yr vs 0.79%/yr for SPUT.
Performance
SLTY vs. SPUT - 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 SPUT's 7.26% return.
SLTY
- 1D
- 0.65%
- 1M
- -1.73%
- YTD
- -6.01%
- 6M
- -5.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPUT
- 1D
- -0.34%
- 1M
- 3.05%
- YTD
- 7.26%
- 6M
- 7.80%
- 1Y
- 18.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLTY vs. SPUT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -6.01% | -12.17% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 7.26% | 5.97% |
Correlation
The correlation between SLTY and SPUT is -0.59, 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 | -0.59 |
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Return for Risk
SLTY vs. SPUT — Risk / Return Rank
SLTY
SPUT
SLTY vs. SPUT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) and Innovator Equity Premium Income Daily PutWrite ETF (SPUT). 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 | SPUT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.19 | 1.54 | -2.73 |
Drawdowns
SLTY vs. SPUT - Drawdown Comparison
The maximum SLTY drawdown since its inception was -20.88%, which is greater than SPUT's maximum drawdown of -10.55%. Use the drawdown chart below to compare losses from any high point for SLTY and SPUT.
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Drawdown Indicators
| SLTY | SPUT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.88% | -10.55% | -10.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.81% | — |
Current DrawdownCurrent decline from peak | -17.45% | -0.34% | -17.11% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -0.88% | -12.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.83% | — |
Volatility
SLTY vs. SPUT - Volatility Comparison
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Volatility by Period
| SLTY | SPUT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 7.24% | +11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 11.26% | +7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 11.26% | +7.16% |
SLTY vs. SPUT - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than SPUT's 0.79% expense ratio.
Dividends
SLTY vs. SPUT - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 74.24%, more than SPUT's 5.03% yield.
| Position | TTM | 2025 |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | 74.24% | 29.68% |
SPUT Innovator Equity Premium Income Daily PutWrite ETF | 5.03% | 4.66% |
Frequently Asked Questions
SLTY and SPUT have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUT is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUT is cheaper with a 0.79% expense ratio, compared with 1.24% for SLTY.
SLTY has the higher dividend yield at 74.24%, compared with 5.03% for SPUT.
They also come from different issuers: YieldMax and Innovator. Their fees differ too: 1.24% for SLTY and 0.79% for SPUT.
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