ULTY vs. RBIL

Last updated Aug 6, 2026

ULTY (YieldMax Ultra Option Income Strategy ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - ULTY is a Derivative Income fund actively managed by YieldMax, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. ULTY is actively managed, while RBIL is passively managed. Over the past year, ULTY returned -7.91% vs 3.81% for RBIL. Their -0.17 correlation means they have often moved in opposite directions in the past. ULTY charges 1.40%/yr vs 0.17%/yr for RBIL.

Performance

ULTY vs. RBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Ultra Option Income Strategy ETF (ULTY) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULTY achieves a 6.38% return, which is significantly higher than RBIL's 2.61% return.

ULTY

• 1D: -0.49%
• 1M: -1.74%
• 6M: 7.54%
• YTD: 6.38%
• 1Y: -7.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 0.20%

RBIL

• 1D: -0.03%
• 1M: 0.18%
• 6M: 2.25%
• YTD: 2.61%
• 1Y: 3.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	$1.19M	$1.87M	$2.26M
ULTY YieldMax Ultra Option Income Strategy ETF	$14.52M	$14.36M	$17.70M

ULTY vs. RBIL - Yearly Performance Comparison

	2026 (YTD)	2025
ULTY YieldMax Ultra Option Income Strategy ETF	6.38%	0.16%
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	2.61%	2.85%

Correlation

The correlation between ULTY and RBIL is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.15
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025	-0.17

Return for Risk

ULTY vs. RBIL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ULTY

ULTY Risk / Return Rank: 6
ULTY Sharpe Ratio Rank: 6
ULTY Sortino Ratio Rank: 6
ULTY Omega Ratio Rank: 6
ULTY Calmar Ratio Rank: 7
ULTY Martin Ratio Rank: 7

RBIL

RBIL Risk / Return Rank: 97
RBIL Sharpe Ratio Rank: 98
RBIL Sortino Ratio Rank: 98
RBIL Omega Ratio Rank: 98
RBIL Calmar Ratio Rank: 96
RBIL Martin Ratio Rank: 97

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ULTY vs. RBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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	RBIL	Difference
Sharpe ratio: Return per unit of total volatility	-0.36	3.98	-4.34
Sortino ratio: Return per unit of downside risk	-0.35	6.13	-6.47
Omega ratio: Gain probability vs. loss probability	0.96	2.00	-1.04
Calmar ratio: Return relative to maximum drawdown	-0.33	6.80	-7.13
Martin ratio: Return relative to average drawdown	-0.59	27.52	-28.11

ULTY vs. RBIL - Sharpe Ratio Comparison

The current ULTY Sharpe Ratio is -0.36, which is lower than the RBIL Sharpe Ratio of 3.98. The chart below compares the historical Sharpe Ratios of ULTY and RBIL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ULTY vs. RBIL - Drawdown Comparison

The maximum ULTY drawdown since its inception was -26.85%, which is greater than RBIL's maximum drawdown of -0.56%. Use the drawdown chart below to compare losses from any high point for ULTY and RBIL.

Drawdown Indicators

	ULTY	RBIL	Difference
Max Drawdown Largest peak-to-trough decline	-26.85%	-0.56%	-26.29%
Max Drawdown (1Y) Largest decline over 1 year	-24.16%	-0.56%	-23.60%
Current Drawdown Current decline from peak	-12.78%	-0.22%	-12.56%
Average Drawdown Average peak-to-trough decline	-10.04%	-0.08%	-9.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.34%	0.14%	+13.20%

Volatility

ULTY vs. RBIL - Volatility Comparison

YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 6.76% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.28%. This indicates that ULTY's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ULTY	RBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.76%	0.28%	+6.48%
Volatility (6M) Calculated over the trailing 6-month period	17.20%	0.89%	+16.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.12%	0.96%	+21.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.07%	1.06%	+26.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.07%	1.06%	+26.01%

ULTY vs. RBIL - Expense Ratio Comparison

ULTY has a 1.40% expense ratio, which is higher than RBIL's 0.17% expense ratio.

Dividends

ULTY vs. RBIL - Dividend Comparison

ULTY's dividend yield for the trailing twelve months is around 112.43%, more than RBIL's 4.16% yield.

Position	TTM	2025	2024
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF	4.16%	3.65%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	112.43%	142.99%	111.70%

Frequently Asked Questions

Can I hold both ULTY and RBIL in my portfolio?

ULTY and RBIL have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ULTY or RBIL?

ULTY has higher volatility (6.76%) compared to RBIL (0.28%). In terms of maximum drawdown, ULTY dropped -26.85% vs RBIL's -0.56%.

Which ETF is better, ULTY or RBIL?

On 1-year performance, RBIL leads with 3.81% vs -7.91% for ULTY. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ULTY or RBIL?

Over the 1-year period, RBIL has performed better with a 3.81% return vs -7.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ULTY or RBIL?

RBIL is cheaper with a 0.17% expense ratio, compared with 1.40% for ULTY.

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

ULTY has the higher dividend yield at 112.43%, compared with 4.16% for RBIL.

What is the main difference between ULTY and RBIL?

ULTY is categorized as Derivative Income, while RBIL is Inflation-Protected Bonds. They also come from different issuers: YieldMax and F/m. Their fees differ too: 1.40% for ULTY and 0.17% for RBIL.

Which has better risk-adjusted returns?

RBIL currently has the higher Sharpe Ratio (3.98 vs -0.36), 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.