ULTY vs. EPD

Last updated Jun 9, 2026

ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while EPD (Enterprise Products Partners L.P.) is a stock. Over the past year, ULTY returned 4.18% vs 27.33% for EPD. At a 0.17 correlation, their price movements are largely independent.

Performance

ULTY vs. EPD - Performance Comparison

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

Returns By Period

In the year-to-date period, ULTY achieves a 7.39% return, which is significantly lower than EPD's 20.66% return.

ULTY

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

EPD

• 1D: -0.77%
• 1M: 0.89%
• YTD: 20.66%
• 6M: 18.26%
• 1Y: 27.33%
• 3Y*: 21.14%
• 5Y*: 16.72%
• 10Y*: 10.45%

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

ULTY vs. EPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ULTY YieldMax Ultra Option Income Strategy ETF	7.39%	-0.84%	-4.73%
EPD Enterprise Products Partners L.P.	20.66%	9.45%	20.84%

Correlation

The correlation between ULTY and EPD is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024	0.17

The correlation between ULTY and EPD shifts across timeframes, from -0.03 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ULTY vs. EPD — Risk / Return Rank

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

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

EPD

EPD Risk / Return Rank: 85
EPD Sharpe Ratio Rank: 86
EPD Sortino Ratio Rank: 83
EPD Omega Ratio Rank: 82
EPD Calmar Ratio Rank: 87
EPD Martin Ratio Rank: 89

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.

ULTY vs. EPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and Enterprise Products Partners L.P. (EPD). 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.

	ULTY	EPD	Difference
Sharpe ratio: Return per unit of total volatility	0.20	1.74	-1.54
Sortino ratio: Return per unit of downside risk	0.40	2.49	-2.10
Omega ratio: Gain probability vs. loss probability	1.05	1.31	-0.26
Calmar ratio: Return relative to maximum drawdown	0.17	3.63	-3.46
Martin ratio: Return relative to average drawdown	0.34	11.00	-10.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ULTY vs. EPD - Sharpe Ratio Comparison

The current ULTY Sharpe Ratio is 0.20, which is lower than the EPD Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of ULTY and EPD, 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

	ULTY	EPD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	1.74	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.54	-0.42

Drawdowns

ULTY vs. EPD - Drawdown Comparison

The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum EPD drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for ULTY and EPD.

Drawdown Indicators

	ULTY	EPD	Difference
Max Drawdown Largest peak-to-trough decline	-26.85%	-58.78%	+31.93%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	-7.56%	-16.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.06%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.04%	—
Current Drawdown Current decline from peak	-11.95%	-5.73%	-6.22%
Average Drawdown Average peak-to-trough decline	-9.38%	-10.13%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.37%	2.49%	+9.88%

Volatility

ULTY vs. EPD - Volatility Comparison

YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 6.96% compared to Enterprise Products Partners L.P. (EPD) at 6.17%. This indicates that ULTY's price experiences larger fluctuations and is considered to be riskier than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULTY	EPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.96%	6.17%	+0.79%
Volatility (6M) Calculated over the trailing 6-month period	15.88%	13.16%	+2.72%
Volatility (1Y) Calculated over the trailing 1-year period	21.21%	15.81%	+5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.07%	17.23%	+9.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.07%	24.16%	+2.91%

Dividends

ULTY vs. EPD - Dividend Comparison

ULTY's dividend yield for the trailing twelve months is around 115.53%, more than EPD's 5.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPD Enterprise Products Partners L.P.	5.84%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
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 ULTY and EPD in my portfolio?

ULTY and EPD have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ULTY or EPD?

ULTY has higher volatility (6.96%) compared to EPD (6.17%). In terms of maximum drawdown, ULTY dropped -26.85% vs EPD's -58.78%.

Which has better risk-adjusted returns?

EPD currently has the higher Sharpe Ratio (1.74 vs 0.20), 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.