SLTY vs. TLTW
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and TLTW (iShares 20+ Year Treasury Bond BuyWrite Strategy ETF) are both Derivative Income funds. SLTY is actively managed, while TLTW is passively managed. Their -0.26 correlation means they have often moved in opposite directions in the past. SLTY charges 1.24%/yr vs 0.35%/yr for TLTW.
Performance
SLTY vs. TLTW - Performance Comparison
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Returns By Period
In the year-to-date period, SLTY achieves a -6.99% return, which is significantly lower than TLTW's -1.13% return.
SLTY
- 1D
- -1.66%
- 1M
- 0.67%
- 6M
- 1.02%
- YTD
- -6.99%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TLTW
- 1D
- 0.38%
- 1M
- -3.24%
- 6M
- -1.22%
- YTD
- -1.13%
- 1Y
- 3.52%
- 3Y*
- 1.02%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $339.87K | $363.68K | $505.95K | |
| $25.95M | $26.72M | $32.40M |
SLTY vs. TLTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -6.99% | -12.61% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | -1.13% | 4.32% |
Correlation
The correlation between SLTY and TLTW is -0.26, 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 | -0.26 |
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Return for Risk
SLTY vs. TLTW — Risk / Return Rank
SLTY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TLTW
SLTY vs. TLTW - 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 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW). 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 | TLTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.08 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.59 | — |
| Martin ratioReturn relative to average drawdown | — | 1.47 | — |
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Drawdowns
SLTY vs. TLTW - Drawdown Comparison
The maximum SLTY drawdown since its inception was -21.27%, which is greater than TLTW's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for SLTY and TLTW.
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Drawdown Indicators
| SLTY | TLTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.27% | -18.61% | -2.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.97% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.93% | — |
Current DrawdownCurrent decline from peak | -18.72% | -5.44% | -13.28% |
Average DrawdownAverage peak-to-trough decline | -14.82% | -8.03% | -6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.40% | — |
Volatility
SLTY vs. TLTW - Volatility Comparison
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Volatility by Period
| SLTY | TLTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.58% | 7.71% | +9.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 11.26% | +6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 11.26% | +6.32% |
SLTY vs. TLTW - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than TLTW's 0.35% expense ratio.
Dividends
SLTY vs. TLTW - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 91.13%, more than TLTW's 11.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | 91.13% | 29.68% | 0.00% | 0.00% | 0.00% |
TLTW iShares 20+ Year Treasury Bond BuyWrite Strategy ETF | 11.27% | 14.82% | 14.47% | 19.59% | 8.71% |
Frequently Asked Questions
SLTY and TLTW have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TLTW is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TLTW is cheaper with a 0.35% expense ratio, compared with 1.24% for SLTY.
SLTY has the higher dividend yield at 91.13%, compared with 11.27% for TLTW.
They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.24% for SLTY and 0.35% for TLTW.
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