ULTY vs. HOOW

Last updated Jun 13, 2026

ULTY (YieldMax Ultra Option Income Strategy ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - ULTY is a Derivative Income fund actively managed by YieldMax, while HOOW is a Leveraged Equities fund actively managed by Roundhill. Both are actively managed. A 0.70 correlation means they provide meaningful diversification when combined. ULTY charges 1.14%/yr vs 0.99%/yr for HOOW.

Performance

ULTY vs. HOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Ultra Option Income Strategy ETF (ULTY) and Roundhill HOOD WeeklyPay ETF (HOOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULTY achieves a 8.80% return, which is significantly higher than HOOW's -24.22% return.

ULTY

• 1D: 1.04%
• 1M: -0.81%
• YTD: 8.80%
• 6M: 8.04%
• 1Y: 3.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOW

• 1D: 0.96%
• 1M: 24.39%
• YTD: -24.22%
• 6M: -29.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ULTY vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
ULTY YieldMax Ultra Option Income Strategy ETF	8.80%	-4.62%
HOOW Roundhill HOOD WeeklyPay ETF	-24.22%	52.60%

Correlation

The correlation between ULTY and HOOW is 0.70, 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 Jun 18, 2025	0.70

ULTY vs. HOOW - Sectors Allocation Comparison

Sectors	ULTY	HOOW
Technology	54.6%	-
Basic Materials	11.7%	-
Industrials	9.3%	-
Communication Services	8.9%	-
Financial Services	8.6%	3.3%
Consumer Cyclical	5.2%	-
Healthcare	1.8%	-
Consumer Defensive	0.0%	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

ULTY vs. HOOW — 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

HOOW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. HOOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and Roundhill HOOD WeeklyPay ETF (HOOW). 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	HOOW	Difference
Sharpe ratio: Return per unit of total volatility	0.17	—	—
Sortino ratio: Return per unit of downside risk	0.36	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.15	—	—
Martin ratio: Return relative to average drawdown	0.29	—	—

Drawdowns

ULTY vs. HOOW - Drawdown Comparison

The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum HOOW drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for ULTY and HOOW.

Drawdown Indicators

	ULTY	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-26.85%	-65.74%	+38.89%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	—	—
Current Drawdown Current decline from peak	-10.79%	-48.54%	+37.75%
Average Drawdown Average peak-to-trough decline	-9.90%	-29.67%	+19.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.47%	—	—

Volatility

Volatility by Period

	ULTY	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.04%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.55%	84.09%	-62.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.32%	84.09%	-56.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	84.09%	-56.77%

ULTY vs. HOOW - Expense Ratio Comparison

ULTY has a 1.14% expense ratio, which is higher than HOOW's 0.99% expense ratio.

Dividends

ULTY vs. HOOW - Dividend Comparison

ULTY's dividend yield for the trailing twelve months is around 113.38%, less than HOOW's 147.58% yield.

Position	TTM	2025	2024
HOOW Roundhill HOOD WeeklyPay ETF	147.58%	67.92%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	113.38%	142.99%	111.70%

Frequently Asked Questions

Can I hold both ULTY and HOOW in my portfolio?

ULTY and HOOW have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ULTY or HOOW?

On fees, HOOW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ULTY or HOOW?

HOOW is cheaper with a 0.99% expense ratio, compared with 1.14% for ULTY.

Which ETF pays a higher dividend yield, ULTY or HOOW?

HOOW has the higher dividend yield at 147.58%, compared with 113.38% for ULTY.

What is the main difference between ULTY and HOOW?

ULTY is categorized as Derivative Income, while HOOW is Leveraged Equities. They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 1.14% for ULTY and 0.99% for HOOW.