ULTY vs. OARK
Compare and contrast key facts about YieldMax Ultra Option Income Strategy ETF (ULTY) and YieldMax Innovation Option Income Strategy ETF (OARK).
ULTY and OARK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024. OARK is an actively managed fund by YieldMax. It was launched on Nov 22, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULTY or OARK.
Performance
ULTY vs. OARK - Performance Comparison
Returns By Period
ULTY
N/A
6.59%
8.42%
N/A
N/A
N/A
OARK
5.00%
6.67%
12.64%
22.23%
N/A
N/A
Key characteristics
| ULTY | OARK | |
|---|---|---|
| Daily Std Dev | 30.28% | 26.85% |
| Max Drawdown | -20.99% | -27.24% |
| Current Drawdown | -1.58% | -3.95% |
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ULTY vs. OARK - Expense Ratio Comparison
ULTY has a 1.14% expense ratio, which is higher than OARK's 0.99% expense ratio.
Correlation
The correlation between ULTY and OARK is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ULTY vs. OARK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and YieldMax Innovation Option Income Strategy ETF (OARK). 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.
Not enough dataDividends
ULTY vs. OARK - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 94.71%, more than OARK's 40.24% yield.
| TTM | 2023 | |
|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 94.71% | 0.00% |
OARK YieldMax Innovation Option Income Strategy ETF | 40.24% | 45.04% |
Drawdowns
ULTY vs. OARK - Drawdown Comparison
The maximum ULTY drawdown since its inception was -20.99%, smaller than the maximum OARK drawdown of -27.24%. Use the drawdown chart below to compare losses from any high point for ULTY and OARK. For additional features, visit the drawdowns tool.
Volatility
ULTY vs. OARK - Volatility Comparison
The current volatility for YieldMax Ultra Option Income Strategy ETF (ULTY) is 6.49%, while YieldMax Innovation Option Income Strategy ETF (OARK) has a volatility of 11.07%. This indicates that ULTY experiences smaller price fluctuations and is considered to be less risky than OARK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.