ULTY vs. O
ULTY (YieldMax Ultra Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax, while O (Realty Income Corporation) is a stock. Over the past year, ULTY returned 3.61% vs 14.25% for O. At a correlation of -0.01, they often move in opposite directions.
Performance
ULTY vs. O - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ULTY achieves a 8.80% return, which is significantly lower than O's 13.70% return.
ULTY
- 1D
- 1.04%
- 1M
- -0.81%
- YTD
- 8.80%
- 6M
- 8.04%
- 1Y
- 3.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
O
- 1D
- 1.31%
- 1M
- 2.40%
- YTD
- 13.70%
- 6M
- 11.57%
- 1Y
- 14.25%
- 3Y*
- 6.59%
- 5Y*
- 3.49%
- 10Y*
- 4.89%
ULTY vs. O - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 8.80% | -0.84% | -4.73% |
O Realty Income Corporation | 13.70% | 12.20% | 7.55% |
Correlation
The correlation between ULTY and O is -0.07, 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ULTY vs. O — Risk / Return Rank
ULTY
O
ULTY vs. O - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and Realty Income Corporation (O). 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 | O | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.15 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 1.29 | -1.14 |
| Martin ratioReturn relative to average drawdown | 0.29 | 3.12 | -2.83 |
Loading charts...
Drawdowns
ULTY vs. O - Drawdown Comparison
The maximum ULTY drawdown since its inception was -26.85%, smaller than the maximum O drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for ULTY and O.
Loading charts...
Drawdown Indicators
| ULTY | O | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.85% | -48.45% | +21.60% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -11.10% | -13.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.28% | — |
Current DrawdownCurrent decline from peak | -10.79% | -5.94% | -4.85% |
Average DrawdownAverage peak-to-trough decline | -9.90% | -9.20% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.47% | 4.58% | +7.89% |
Volatility
ULTY vs. O - Volatility Comparison
YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 8.04% compared to Realty Income Corporation (O) at 5.29%. This indicates that ULTY's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ULTY | O | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.29% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 16.40% | 11.98% | +4.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.55% | 16.21% | +5.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.32% | 18.92% | +8.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 25.64% | +1.68% |
Dividends
ULTY vs. O - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 113.38%, more than O's 5.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
O Realty Income Corporation | 5.16% | 6.19% | 5.37% | 5.33% | 4.68% | 3.87% | 4.51% | 3.69% | 4.19% | 4.45% | 4.18% | 4.41% |
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 O have a correlation of -0.07, 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 O (5.29%). In terms of maximum drawdown, ULTY dropped -26.85% vs O's -48.45%.
O currently has the higher Sharpe Ratio (0.88 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.
Find the right allocation for ULTY and O
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer