TYLG vs. ULTY

Last updated Jun 3, 2026

TYLG (Global X Information Technology Covered Call & Growth ETF) and ULTY (YieldMax Ultra Option Income Strategy ETF) are both Derivative Income funds. TYLG is passively managed, while ULTY is actively managed. Over the past year, TYLG returned 50.93% vs 8.24% for ULTY. A 0.71 correlation means they provide meaningful diversification when combined. TYLG charges 0.60%/yr vs 1.14%/yr for ULTY.

Performance

TYLG vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Information Technology Covered Call & Growth ETF (TYLG) 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, TYLG achieves a 24.56% return, which is significantly higher than ULTY's 11.14% return.

TYLG

• 1D: 0.81%
• 1M: 13.13%
• YTD: 24.56%
• 6M: 25.73%
• 1Y: 50.93%
• 3Y*: 25.09%
• 5Y*: —
• 10Y*: —

ULTY

• 1D: -1.25%
• 1M: 4.53%
• YTD: 11.14%
• 6M: 9.84%
• 1Y: 8.24%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TYLG vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TYLG Global X Information Technology Covered Call & Growth ETF	24.56%	16.84%	13.59%
ULTY YieldMax Ultra Option Income Strategy ETF	11.14%	-0.84%	0.54%

Correlation

The correlation between TYLG and ULTY is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024	0.71

The correlation between TYLG and ULTY has been stable across timeframes, ranging from 0.71 to 0.73 - a consistent structural relationship.

TYLG vs. ULTY - Sectors Allocation Comparison

Sectors	TYLG	ULTY
Financial Services	54.4%	8.6%
Technology	47.9%	54.6%
Energy	0.1%	-
Industrials	0.0%	9.3%
Basic Materials	-	11.7%
Communication Services	-	8.9%
Consumer Cyclical	-	5.2%
Consumer Defensive	-	0.0%
Healthcare	-	1.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

TYLG vs. ULTY — Risk / Return Rank

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

TYLG

TYLG Risk / Return Rank: 89
TYLG Sharpe Ratio Rank: 92
TYLG Sortino Ratio Rank: 89
TYLG Omega Ratio Rank: 89
TYLG Calmar Ratio Rank: 88
TYLG Martin Ratio Rank: 89

ULTY

ULTY Risk / Return Rank: 13
ULTY Sharpe Ratio Rank: 14
ULTY Sortino Ratio Rank: 14
ULTY Omega Ratio Rank: 14
ULTY Calmar Ratio Rank: 13
ULTY Martin Ratio Rank: 12

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.

TYLG vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Information Technology Covered Call & Growth ETF (TYLG) 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.

	TYLG	ULTY	Difference
Sharpe ratio Return per unit of total volatility	3.30	0.40	+2.90
Sortino ratio Return per unit of downside risk	4.18	0.66	+3.52
Omega ratio Gain probability vs. loss probability	1.57	1.08	+0.49
Calmar ratio Return relative to maximum drawdown	5.12	0.34	+4.78
Martin ratio Return relative to average drawdown	20.57	0.67	+19.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TYLG vs. ULTY - Sharpe Ratio Comparison

The current TYLG Sharpe Ratio is 3.30, which is higher than the ULTY Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of TYLG 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

	TYLG	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.30	0.40	+2.90
Sharpe Ratio (All Time) Calculated using the full available price history	1.48	0.17	+1.30

Drawdowns

TYLG vs. ULTY - Drawdown Comparison

The maximum TYLG drawdown since its inception was -24.01%, smaller than the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for TYLG and ULTY.

Drawdown Indicators

	TYLG	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-24.01%	-26.85%	+2.84%
Max Drawdown (1Y) Largest decline over 1 year	-10.09%	-24.16%	+14.07%
Max Drawdown (3Y) Largest decline over 3 years	-24.01%	—	—
Current Drawdown Current decline from peak	0.00%	-8.88%	+8.88%
Average Drawdown Average peak-to-trough decline	-2.74%	-9.37%	+6.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	12.31%	-9.80%

Volatility

TYLG vs. ULTY - Volatility Comparison

Global X Information Technology Covered Call & Growth ETF (TYLG) and YieldMax Ultra Option Income Strategy ETF (ULTY) have volatilities of 4.37% and 4.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TYLG	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	4.51%	-0.14%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	15.03%	-2.34%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	20.79%	-5.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.18%	26.92%	-7.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.18%	26.92%	-7.74%

TYLG vs. ULTY - Expense Ratio Comparison

TYLG has a 0.60% expense ratio, which is lower than ULTY's 1.14% expense ratio.

Dividends

TYLG vs. ULTY - Dividend Comparison

TYLG's dividend yield for the trailing twelve months is around 7.43%, less than ULTY's 114.67% yield.

Position	TTM	2025	2024	2023	2022
TYLG Global X Information Technology Covered Call & Growth ETF	7.43%	7.66%	7.24%	11.89%	0.51%
ULTY YieldMax Ultra Option Income Strategy ETF	114.67%	142.99%	111.70%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TYLG and ULTY in my portfolio?

TYLG and ULTY have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TYLG or ULTY?

ULTY has higher volatility (4.51%) compared to TYLG (4.37%). In terms of maximum drawdown, TYLG dropped -24.01% vs ULTY's -26.85%.

Which ETF is better, TYLG or ULTY?

On 1-year performance, TYLG leads with 50.93% vs 8.24% for ULTY. On fees, TYLG is cheaper at 0.60% per year. On volatility, TYLG has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TYLG or ULTY?

Over the 1-year period, TYLG has performed better with a 50.93% return vs 8.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TYLG or ULTY?

TYLG is cheaper with a 0.60% expense ratio, compared with 1.14% for ULTY.

Which ETF pays a higher dividend yield, TYLG or ULTY?

ULTY has the higher dividend yield at 114.67%, compared with 7.43% for TYLG.

What is the main difference between TYLG and ULTY?

They also come from different issuers: Global X and YieldMax. Their fees differ too: 0.60% for TYLG and 1.14% for ULTY.

Which has better risk-adjusted returns?

TYLG currently has the higher Sharpe Ratio (3.30 vs 0.40), 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.