ULTY vs. SLTY
ULTY (YieldMax Ultra Option Income Strategy ETF) and SLTY (YieldMax Ultra Short Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a correlation of -0.59, they often move in opposite directions. ULTY charges 1.14%/yr vs 1.24%/yr for SLTY.
Performance
ULTY vs. SLTY - Performance Comparison
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Returns By Period
In the year-to-date period, ULTY achieves a 11.14% return, which is significantly higher than SLTY's -6.01% return.
ULTY
- 1D
- -1.25%
- 1M
- 4.53%
- YTD
- 11.14%
- 6M
- 9.84%
- 1Y
- 8.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SLTY
- 1D
- 0.65%
- 1M
- -1.73%
- YTD
- -6.01%
- 6M
- -5.54%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ULTY vs. SLTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 11.14% | -10.24% |
SLTY YieldMax Ultra Short Option Income Strategy ETF | -6.01% | -12.17% |
Correlation
The correlation between ULTY and SLTY is -0.59, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 22, 2025 | -0.59 |
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Return for Risk
ULTY vs. SLTY — Risk / Return Rank
ULTY
SLTY
ULTY vs. SLTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and YieldMax Ultra Short Option Income Strategy ETF (SLTY). 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.
| ULTY | SLTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.08 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | — | — |
| Martin ratioReturn relative to average drawdown | 0.67 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ULTY | SLTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -1.19 | +1.36 |
Drawdowns
ULTY vs. SLTY - Drawdown Comparison
The maximum ULTY drawdown since its inception was -26.85%, which is greater than SLTY's maximum drawdown of -20.88%. Use the drawdown chart below to compare losses from any high point for ULTY and SLTY.
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Drawdown Indicators
| ULTY | SLTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.85% | -20.88% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | — | — |
Current DrawdownCurrent decline from peak | -8.88% | -17.45% | +8.57% |
Average DrawdownAverage peak-to-trough decline | -9.37% | -13.72% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.31% | — | — |
Volatility
ULTY vs. SLTY - Volatility Comparison
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Volatility by Period
| ULTY | SLTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.51% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 15.03% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 20.79% | 18.42% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.92% | 18.42% | +8.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.92% | 18.42% | +8.50% |
ULTY vs. SLTY - Expense Ratio Comparison
ULTY has a 1.14% expense ratio, which is lower than SLTY's 1.24% expense ratio.
Dividends
ULTY vs. SLTY - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 114.67%, more than SLTY's 74.24% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
SLTY YieldMax Ultra Short Option Income Strategy ETF | 74.24% | 29.68% | 0.00% |
ULTY YieldMax Ultra Option Income Strategy ETF | 114.67% | 142.99% | 111.70% |
Frequently Asked Questions
ULTY and SLTY have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ULTY is cheaper at 1.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ULTY is cheaper with a 1.14% expense ratio, compared with 1.24% for SLTY.
ULTY has the higher dividend yield at 114.67%, compared with 74.24% for SLTY.
Their fees differ too: 1.14% for ULTY and 1.24% for SLTY.
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