ULTY vs. YMAX
Compare and contrast key facts about YieldMax Ultra Option Income Strategy ETF (ULTY) and YieldMax Universe Fund of Option Income ETFs (YMAX).
ULTY and YMAX 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. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULTY or YMAX.
Key characteristics
| ULTY | YMAX | |
|---|---|---|
| Daily Std Dev | 32.56% | 18.47% |
| Max Drawdown | -20.99% | -12.78% |
| Current Drawdown | -11.87% | -6.93% |
Correlation
The correlation between ULTY and YMAX is 0.76, 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.
Performance
ULTY vs. YMAX - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ULTY vs. YMAX - Expense Ratio Comparison
ULTY has a 1.14% expense ratio, which is lower than YMAX's 1.28% expense ratio.
Risk-Adjusted Performance
ULTY vs. YMAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Ultra Option Income Strategy ETF (ULTY) and YieldMax Universe Fund of Option Income ETFs (YMAX). 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. YMAX - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 67.78%, more than YMAX's 26.51% yield.
| TTM | |
|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 67.78% |
YMAX YieldMax Universe Fund of Option Income ETFs | 26.51% |
Drawdowns
ULTY vs. YMAX - Drawdown Comparison
The maximum ULTY drawdown since its inception was -20.99%, which is greater than YMAX's maximum drawdown of -12.78%. Use the drawdown chart below to compare losses from any high point for ULTY and YMAX. For additional features, visit the drawdowns tool.
Volatility
ULTY vs. YMAX - Volatility Comparison
YieldMax Ultra Option Income Strategy ETF (ULTY) has a higher volatility of 8.13% compared to YieldMax Universe Fund of Option Income ETFs (YMAX) at 5.80%. This indicates that ULTY's price experiences larger fluctuations and is considered to be riskier than YMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.