T vs. ULTY

Last updated Jun 9, 2026

T (AT&T Inc.) is a stock, while ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, T returned -16.38% vs 4.18% for ULTY. At a correlation of -0.09, they often move in opposite directions.

Performance

T vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AT&T Inc. (T) and YieldMax Ultra Option Income Strategy ETF (ULTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, T achieves a -7.40% return, which is significantly lower than ULTY's 7.39% return.

T

• 1D: -1.10%
• 1M: -10.57%
• YTD: -7.40%
• 6M: -7.40%
• 1Y: -16.38%
• 3Y*: 18.39%
• 5Y*: 6.60%
• 10Y*: 2.86%

ULTY

• 1D: 0.94%
• 1M: -1.19%
• YTD: 7.39%
• 6M: 5.32%
• 1Y: 4.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

T vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
T AT&T Inc.	-7.40%	13.97%	40.27%
ULTY YieldMax Ultra Option Income Strategy ETF	7.39%	-0.84%	-4.73%

Correlation

The correlation between T and ULTY is -0.20, 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 (1Y) Calculated over the trailing 1-year period	-0.20
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	-0.09

The correlation between T and ULTY shifts across timeframes, from -0.20 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.

Return for Risk

T vs. ULTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

T

T Risk / Return Rank: 11
T Sharpe Ratio Rank: 11
T Sortino Ratio Rank: 12
T Omega Ratio Rank: 13
T Calmar Ratio Rank: 14
T Martin Ratio Rank: 4

ULTY

ULTY Risk / Return Rank: 12
ULTY Sharpe Ratio Rank: 12
ULTY Sortino Ratio Rank: 12
ULTY Omega Ratio Rank: 12
ULTY Calmar Ratio Rank: 11
ULTY Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

T vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AT&T Inc. (T) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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.

	T	ULTY	Difference
Sharpe ratio: Return per unit of total volatility	-0.75	0.20	-0.95
Sortino ratio: Return per unit of downside risk	-0.98	0.40	-1.38
Omega ratio: Gain probability vs. loss probability	0.89	1.05	-0.16
Calmar ratio: Return relative to maximum drawdown	-0.75	0.17	-0.93
Martin ratio: Return relative to average drawdown	-1.59	0.34	-1.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

T vs. ULTY - Sharpe Ratio Comparison

The current T Sharpe Ratio is -0.75, which is lower than the ULTY Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of T and ULTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	T	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	0.20	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.12	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.11	+0.26

Drawdowns

T vs. ULTY - Drawdown Comparison

The maximum T drawdown since its inception was -64.15%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for T and ULTY.

Drawdown Indicators

	T	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-64.15%	-26.85%	-37.30%
Max Drawdown (1Y) Largest decline over 1 year	-21.87%	-24.16%	+2.29%
Max Drawdown (3Y) Largest decline over 3 years	-21.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.01%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.35%	—	—
Current Drawdown Current decline from peak	-21.87%	-11.95%	-9.92%
Average Drawdown Average peak-to-trough decline	-15.72%	-9.38%	-6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.34%	12.37%	-2.03%

Volatility

T vs. ULTY - Volatility Comparison

AT&T Inc. (T) has a higher volatility of 7.50% compared to YieldMax Ultra Option Income Strategy ETF (ULTY) at 6.96%. This indicates that T's price experiences larger fluctuations and is considered to be riskier than ULTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	T	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.50%	6.96%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	17.57%	15.88%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	21.98%	21.21%	+0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.97%	27.07%	-3.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.71%	27.07%	-3.36%

Dividends

T vs. ULTY - Dividend Comparison

T's dividend yield for the trailing twelve months is around 4.93%, less than ULTY's 115.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
T AT&T Inc.	4.93%	4.47%	4.87%	6.62%	6.66%	8.46%	7.23%	5.22%	7.01%	5.04%	4.51%	5.46%
ULTY YieldMax Ultra Option Income Strategy ETF	115.53%	142.99%	111.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both T and ULTY in my portfolio?

T and ULTY have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, T or ULTY?

T has higher volatility (7.50%) compared to ULTY (6.96%). In terms of maximum drawdown, T dropped -64.15% vs ULTY's -26.85%.

Which has better risk-adjusted returns?

ULTY currently has the higher Sharpe Ratio (0.20 vs -0.75), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.