TOPW vs. ULTY

Last updated Apr 1, 2026

Compare and contrast key facts about Top Win International Limited (TOPW) and YieldMax Ultra Option Income Strategy ETF (ULTY).

ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024.

Performance

TOPW vs. ULTY - Performance Comparison

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

TOPW vs. ULTY - Yearly Performance Comparison

	2026 (YTD)
TOPW Top Win International Limited	-2.15%
ULTY YieldMax Ultra Option Income Strategy ETF	-2.24%

Returns By Period

TOPW

• 1D: 4.88%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: 4.11%
• 1M: -7.74%
• YTD: -3.71%
• 6M: -18.53%
• 1Y: 11.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

TOPW vs. ULTY — Risk / Return Rank

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

ULTY

ULTY Risk / Return Rank: 25
ULTY Sharpe Ratio Rank: 28
ULTY Sortino Ratio Rank: 28
ULTY Omega Ratio Rank: 27
ULTY Calmar Ratio Rank: 23
ULTY Martin Ratio Rank: 20

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.

TOPW vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Top Win International Limited (TOPW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TOPW	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.45	-0.07	-1.38

Correlation

The correlation between TOPW and ULTY is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

TOPW vs. ULTY - Dividend Comparison

TOPW's dividend yield for the trailing twelve months is around 1.28%, less than ULTY's 131.16% yield.

	TTM	2025	2024
TOPW Top Win International Limited	1.28%	0.00%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	131.16%	142.99%	111.70%

Drawdowns

TOPW vs. ULTY - Drawdown Comparison

The maximum TOPW drawdown since its inception was -6.71%, smaller than the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for TOPW and ULTY.

Drawdown Indicators

	TOPW	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-6.71%	-26.85%	+20.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.16%	—
Current Drawdown Current decline from peak	-2.15%	-21.05%	+18.90%
Average Drawdown Average peak-to-trough decline	-3.10%	-9.04%	+5.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.04%	—

Volatility

Volatility by Period

	TOPW	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	45.32%	25.30%	+20.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.32%	27.64%	+17.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.32%	27.64%	+17.68%