ULTY vs. ET
ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while ET (Energy Transfer LP) is a stock. Over the past year, ULTY returned 3.61% vs 11.35% for ET. At a 0.27 correlation, their price movements are largely independent.
Performance
ULTY vs. ET - Performance Comparison
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Returns By Period
In the year-to-date period, ULTY achieves a 8.80% return, which is significantly lower than ET's 19.85% return.
ULTY
- 1D
- 1.04%
- 1M
- -0.81%
- YTD
- 8.80%
- 6M
- 8.04%
- 1Y
- 3.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ET
- 1D
- 1.65%
- 1M
- -5.12%
- YTD
- 19.85%
- 6M
- 19.34%
- 1Y
- 11.35%
- 3Y*
- 24.04%
- 5Y*
- 20.15%
- 10Y*
- 13.14%
ULTY vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 8.80% | -0.84% | -4.73% |
ET Energy Transfer LP | 19.85% | -9.37% | 42.92% |
Correlation
The correlation between ULTY and ET is 0.04, 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 | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.27 |
Over the past year, the correlation between ULTY and ET has dropped to 0.04 - well below their long-term average of 0.27, suggesting their price drivers have been diverging.
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Return for Risk
ULTY vs. ET — Risk / Return Rank
ULTY
ET
ULTY vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and Energy Transfer LP (ET). 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.
| ULTY | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.13 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.22 | -1.06 |
| Martin ratioReturn relative to average drawdown | 0.29 | 2.70 | -2.41 |
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Drawdowns
ULTY vs. ET - Drawdown Comparison
The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for ULTY and ET.
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Drawdown Indicators
| ULTY | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.85% | -87.81% | +60.96% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -9.38% | -14.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.82% | — |
Current DrawdownCurrent decline from peak | -10.79% | -6.47% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -25.72% | +15.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.47% | 4.65% | +7.82% |
Volatility
ULTY vs. ET - Volatility Comparison
YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 8.04% compared to Energy Transfer LP (ET) at 5.08%. This indicates that ULTY's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULTY | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.08% | +2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 16.40% | 12.03% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 16.13% | +5.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 24.86% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 34.99% | -7.67% |
Dividends
ULTY vs. ET - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 113.38%, more than ET's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 7.00% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
ULTY YieldMax Ultra Option Income Strategy ETF | 113.38% | 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
ULTY and ET have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ULTY has higher volatility (8.04%) compared to ET (5.08%). In terms of maximum drawdown, ULTY dropped -26.85% vs ET's -87.81%.
ET currently has the higher Sharpe Ratio (0.71 vs 0.17), 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.
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