ULTP.L vs. ULTY

Last updated Apr 1, 2026

Compare and contrast key facts about Ultimate Products PLC (ULTP.L) and YieldMax Ultra Option Income Strategy ETF (ULTY).

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

Performance

ULTP.L vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Ultimate Products PLC (ULTP.L) and YieldMax Ultra Option Income Strategy ETF (ULTY). The values are adjusted to include any dividend payments, if applicable.

ULTP.L vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ULTP.L Ultimate Products PLC	-21.55%	-48.12%	-16.31%
ULTY YieldMax Ultra Option Income Strategy ETF	-1.88%	-7.90%	1.42%

Different Trading Currencies

ULTP.L is traded in GBp, while ULTY is traded in USD. To make them comparable, the ULTY values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, ULTP.L achieves a -21.55% return, which is significantly lower than ULTY's -1.88% return.

ULTP.L

• 1D: -0.89%
• 1M: -16.32%
• YTD: -21.55%
• 6M: -26.06%
• 1Y: -33.46%
• 3Y*: -28.13%
• 5Y*: -17.65%
• 10Y*: —

ULTY

• 1D: 3.80%
• 1M: -5.93%
• YTD: -1.88%
• 6M: -17.14%
• 1Y: 9.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

ULTP.L vs. ULTY — Risk / Return Rank

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

ULTP.L

ULTP.L Risk / Return Rank: 13
ULTP.L Sharpe Ratio Rank: 12
ULTP.L Sortino Ratio Rank: 15
ULTP.L Omega Ratio Rank: 13
ULTP.L Calmar Ratio Rank: 13
ULTP.L Martin Ratio Rank: 11

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.

ULTP.L vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ultimate Products PLC (ULTP.L) 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.

	ULTP.L	ULTY	Difference
Sharpe ratio Return per unit of total volatility	-0.69	0.36	-1.05
Sortino ratio Return per unit of downside risk	-0.71	0.65	-1.36
Omega ratio Gain probability vs. loss probability	0.89	1.08	-0.19
Calmar ratio Return relative to maximum drawdown	-0.77	0.33	-1.10
Martin ratio Return relative to average drawdown	-1.43	0.68	-2.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ULTP.L vs. ULTY - Sharpe Ratio Comparison

The current ULTP.L Sharpe Ratio is -0.69, which is lower than the ULTY Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of ULTP.L and ULTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ULTP.L	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.69	0.36	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.39	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	-0.15	+0.01

Correlation

The correlation between ULTP.L and ULTY is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ULTP.L vs. ULTY - Dividend Comparison

ULTP.L's dividend yield for the trailing twelve months is around 8.30%, less than ULTY's 131.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ULTP.L Ultimate Products PLC	8.30%	10.98%	2.02%	8.08%	3.42%	0.83%	5.71%	3.11%	10.99%	2.02%
ULTY YieldMax Ultra Option Income Strategy ETF	131.16%	142.99%	111.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

ULTP.L vs. ULTY - Drawdown Comparison

The maximum ULTP.L drawdown since its inception was -86.12%, which is greater than ULTY's maximum drawdown of -28.94%. Use the drawdown chart below to compare losses from any high point for ULTP.L and ULTY.

Drawdown Indicators

	ULTP.L	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-86.12%	-26.85%	-59.27%
Max Drawdown (1Y) Largest decline over 1 year	-42.42%	-24.16%	-18.26%
Max Drawdown (5Y) Largest decline over 5 years	-76.97%	—	—
Current Drawdown Current decline from peak	-76.11%	-21.05%	-55.06%
Average Drawdown Average peak-to-trough decline	-47.66%	-9.04%	-38.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.79%	11.04%	+11.75%

Volatility

ULTP.L vs. ULTY - Volatility Comparison

Ultimate Products PLC (ULTP.L) has a higher volatility of 14.99% compared to YieldMax Ultra Option Income Strategy ETF (ULTY) at 8.56%. This indicates that ULTP.L'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

	ULTP.L	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.99%	8.56%	+6.43%
Volatility (6M) Calculated over the trailing 6-month period	28.03%	16.32%	+11.71%
Volatility (1Y) Calculated over the trailing 1-year period	48.29%	25.40%	+22.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.27%	27.04%	+18.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.63%	27.04%	+26.59%