ULTY vs. USFR
ULTY (YieldMax Ultra Option Income Strategy ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ULTY is a Derivative Income fund actively managed by YieldMax, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. ULTY is actively managed, while USFR is passively managed. Over the past year, ULTY returned -8.47% vs 3.95% for USFR. At a correlation of -0.03, they often move in opposite directions. ULTY charges 1.14%/yr vs 0.15%/yr for USFR.
Performance
ULTY vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, ULTY achieves a 5.47% return, which is significantly higher than USFR's 2.07% return.
ULTY
- 1D
- -2.52%
- 1M
- -4.46%
- 6M
- 2.38%
- YTD
- 5.47%
- 1Y
- -8.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 1.92%
- YTD
- 2.07%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.77%
- 10Y*
- 2.50%
ULTY vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 5.47% | -0.84% | -4.73% |
USFR WisdomTree Floating Rate Treasury Fund | 2.07% | 4.23% | 4.44% |
Correlation
The correlation between ULTY and USFR is -0.15, 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 (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | -0.03 |
The correlation between ULTY and USFR shifts across timeframes, from -0.15 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ULTY vs. USFR — Risk / Return Rank
ULTY
USFR
ULTY vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.12 | ||
| Sortino ratioReturn per unit of downside risk | -51.78 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 14.02 | -13.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 199.58 | -199.93 |
| Martin ratioReturn relative to average drawdown | -0.66 | 797.11 | -797.77 |
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Drawdowns
ULTY vs. USFR - Drawdown Comparison
The maximum ULTY drawdown since its inception was -26.85%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ULTY and USFR.
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Drawdown Indicators
| ULTY | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.85% | -1.36% | -25.49% |
Max Drawdown (1Y)Largest decline over 1 year | -24.16% | -0.02% | -24.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -13.53% | 0.00% | -13.53% |
Average DrawdownAverage peak-to-trough decline | -9.94% | -0.15% | -9.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.89% | 0.00% | +12.89% |
Volatility
ULTY vs. USFR - Volatility Comparison
YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 6.08% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.07%. This indicates that ULTY's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULTY | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.08% | 0.07% | +6.01% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 0.19% | +16.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.84% | 0.27% | +21.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.15% | 0.39% | +26.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.15% | 0.77% | +26.38% |
ULTY vs. USFR - Expense Ratio Comparison
ULTY has a 1.14% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
ULTY vs. USFR - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 117.30%, more than USFR's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 117.30% | 142.99% | 111.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.83% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
ULTY and USFR 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.
ULTY has higher volatility (6.08%) compared to USFR (0.07%). In terms of maximum drawdown, ULTY dropped -26.85% vs USFR's -1.36%.
On 1-year performance, USFR leads with 3.95% vs -8.47% for ULTY. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USFR has performed better with a 3.95% return vs -8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 1.14% for ULTY.
ULTY has the higher dividend yield at 117.30%, compared with 3.83% for USFR.
ULTY is categorized as Derivative Income, while USFR is Government Bonds. They also come from different issuers: YieldMax and WisdomTree. Their fees differ too: 1.14% for ULTY and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.73 vs -0.39), 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.
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