ULTY vs. FSCO
ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while FSCO (FS Credit Opportunities Corp.) is a stock. Over the past year, ULTY returned 3.61% vs -24.79% for FSCO. At a 0.22 correlation, their price movements are largely independent.
Performance
ULTY vs. FSCO - Performance Comparison
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Returns By Period
In the year-to-date period, ULTY achieves a 8.80% return, which is significantly higher than FSCO's -19.22% return.
ULTY
- 1D
- 1.04%
- 1M
- -0.81%
- YTD
- 8.80%
- 6M
- 8.04%
- 1Y
- 3.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSCO
- 1D
- -1.64%
- 1M
- -5.14%
- YTD
- -19.22%
- 6M
- -17.27%
- 1Y
- -24.79%
- 3Y*
- 13.89%
- 5Y*
- —
- 10Y*
- —
ULTY vs. FSCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 8.80% | -0.84% | -4.73% |
FSCO FS Credit Opportunities Corp. | -19.22% | 3.68% | 33.43% |
Correlation
The correlation between ULTY and FSCO is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | 0.22 |
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Return for Risk
ULTY vs. FSCO — Risk / Return Rank
ULTY
FSCO
ULTY vs. FSCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and FS Credit Opportunities Corp. (FSCO). 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 | FSCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.84 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | -0.70 | +0.85 |
| Martin ratioReturn relative to average drawdown | 0.29 | -1.41 | +1.70 |
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Drawdowns
ULTY vs. FSCO - Drawdown Comparison
The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum FSCO drawdown of -35.53%. Use the drawdown chart below to compare losses from any high point for ULTY and FSCO.
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Drawdown Indicators
| ULTY | FSCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.85% | -35.53% | +8.68% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -35.53% | +11.37% |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.53% | — |
Current DrawdownCurrent decline from peak | -10.79% | -29.47% | +18.68% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -8.02% | -1.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.47% | 17.59% | -5.12% |
Volatility
ULTY vs. FSCO - Volatility Comparison
YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 8.04% compared to FS Credit Opportunities Corp. (FSCO) at 5.86%. This indicates that ULTY's price experiences larger fluctuations and is considered to be riskier than FSCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULTY | FSCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.86% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 16.40% | 22.49% | -6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 27.31% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 28.22% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 28.22% | -0.90% |
Dividends
ULTY vs. FSCO - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 113.38%, more than FSCO's 16.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FSCO FS Credit Opportunities Corp. | 16.32% | 12.65% | 10.47% | 11.26% | 1.95% |
ULTY YieldMax Ultra Option Income Strategy ETF | 113.38% | 142.99% | 111.70% | 0.00% | 0.00% |
Frequently Asked Questions
ULTY and FSCO have a correlation of 0.25, 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 FSCO (5.86%). In terms of maximum drawdown, ULTY dropped -26.85% vs FSCO's -35.53%.
ULTY currently has the higher Sharpe Ratio (0.17 vs -0.91), 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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