SLTY vs. YQQQ
SLTY (YieldMax Ultra Short Option Income Strategy ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. A 0.57 correlation means they provide meaningful diversification when combined. SLTY charges 1.24%/yr vs 0.99%/yr for YQQQ.
Performance
SLTY vs. YQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, SLTY achieves a -6.01% return, which is significantly higher than YQQQ's -8.94% return.
SLTY
- 1D
- 0.65%
- 1M
- -1.73%
- YTD
- -6.01%
- 6M
- -5.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YQQQ
- 1D
- 0.06%
- 1M
- -7.64%
- YTD
- -8.94%
- 6M
- -6.62%
- 1Y
- -14.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLTY vs. YQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | -6.01% | -12.17% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | -8.94% | -2.48% |
Correlation
The correlation between SLTY and YQQQ is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | 0.57 |
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Return for Risk
SLTY vs. YQQQ — Risk / Return Rank
SLTY
YQQQ
SLTY vs. YQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Short Option Income Strategy ETF (SLTY) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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 | YQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.19 | -0.77 | -0.41 |
Drawdowns
SLTY vs. YQQQ - Drawdown Comparison
The maximum SLTY drawdown since its inception was -20.88%, smaller than the maximum YQQQ drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for SLTY and YQQQ.
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Drawdown Indicators
| SLTY | YQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.88% | -28.21% | +7.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -20.82% | — |
Current DrawdownCurrent decline from peak | -17.45% | -28.17% | +10.72% |
Average DrawdownAverage peak-to-trough decline | -13.72% | -14.22% | +0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.52% | — |
Volatility
SLTY vs. YQQQ - Volatility Comparison
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Volatility by Period
| SLTY | YQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 12.51% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.42% | 16.26% | +2.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.42% | 16.26% | +2.16% |
SLTY vs. YQQQ - Expense Ratio Comparison
SLTY has a 1.24% expense ratio, which is higher than YQQQ's 0.99% expense ratio.
Dividends
SLTY vs. YQQQ - Dividend Comparison
SLTY's dividend yield for the trailing twelve months is around 74.24%, more than YQQQ's 31.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | 74.24% | 29.68% | 0.00% |
YQQQ YieldMax Short N100 Option Income Strategy ETF | 31.75% | 31.71% | 7.88% |
Frequently Asked Questions
SLTY and YQQQ have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, YQQQ is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
YQQQ is cheaper with a 0.99% expense ratio, compared with 1.24% for SLTY.
SLTY has the higher dividend yield at 74.24%, compared with 31.75% for YQQQ.
Their fees differ too: 1.24% for SLTY and 0.99% for YQQQ.
Find the right allocation for SLTY and YQQQ
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