ULTI vs. XV
ULTI (REX IncomeMax Option Strategy ETF) and XV (Simplify Target 15 Distribution ETF) are both Derivative Income funds. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. ULTI charges 1.25%/yr vs 0.75%/yr for XV.
Performance
ULTI vs. XV - Performance Comparison
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Returns By Period
In the year-to-date period, ULTI achieves a -3.92% return, which is significantly lower than XV's 5.69% return.
ULTI
- 1D
- -2.81%
- 1M
- -24.77%
- 6M
- -22.06%
- YTD
- -3.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XV
- 1D
- 0.00%
- 1M
- 1.55%
- 6M
- 4.82%
- YTD
- 5.69%
- 1Y
- 12.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTI vs. XV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | -3.92% | -38.67% |
XV Simplify Target 15 Distribution ETF | 5.69% | 0.84% |
Correlation
The correlation between ULTI and XV is 0.55, 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 Oct 31, 2025 | 0.55 |
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Return for Risk
ULTI vs. XV — Risk / Return Rank
ULTI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XV
ULTI vs. XV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for REX IncomeMax Option Strategy ETF (ULTI) and Simplify Target 15 Distribution ETF (XV). 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.
| ULTI | XV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.25 | — |
| Martin ratioReturn relative to average drawdown | — | 8.76 | — |
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Drawdowns
ULTI vs. XV - Drawdown Comparison
The maximum ULTI drawdown since its inception was -42.09%, which is greater than XV's maximum drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for ULTI and XV.
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Drawdown Indicators
| ULTI | XV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.09% | -5.73% | -36.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.73% | — |
Current DrawdownCurrent decline from peak | -41.08% | 0.00% | -41.08% |
Average DrawdownAverage peak-to-trough decline | -28.36% | -0.95% | -27.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.47% | — |
Volatility
ULTI vs. XV - Volatility Comparison
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Volatility by Period
| ULTI | XV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.02% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 6.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.35% | 8.94% | +52.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.35% | 10.85% | +50.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.35% | 10.85% | +50.50% |
ULTI vs. XV - Expense Ratio Comparison
ULTI has a 1.25% expense ratio, which is higher than XV's 0.75% expense ratio.
Dividends
ULTI vs. XV - Dividend Comparison
ULTI's dividend yield for the trailing twelve months is around 79.75%, more than XV's 18.88% yield.
| Position | TTM | 2025 |
|---|---|---|
ULTI REX IncomeMax Option Strategy ETF | 79.75% | 14.96% |
XV Simplify Target 15 Distribution ETF | 18.88% | 13.87% |
Frequently Asked Questions
ULTI and XV have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XV is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XV is cheaper with a 0.75% expense ratio, compared with 1.25% for ULTI.
ULTI has the higher dividend yield at 79.75%, compared with 18.88% for XV.
They also come from different issuers: REX Shares and Simplify. Their fees differ too: 1.25% for ULTI and 0.75% for XV.
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