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.
Correlation
The correlation between ULTY and YMAX is 0.73, 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
Key characteristics
ULTY:
-0.01
YMAX:
0.27
ULTY:
0.20
YMAX:
0.54
ULTY:
1.02
YMAX:
1.07
ULTY:
-0.01
YMAX:
0.28
ULTY:
-0.04
YMAX:
0.94
ULTY:
9.57%
YMAX:
7.57%
ULTY:
31.05%
YMAX:
25.84%
ULTY:
-26.85%
YMAX:
-25.56%
ULTY:
-16.94%
YMAX:
-13.34%
Returns By Period
In the year-to-date period, ULTY achieves a -11.67% return, which is significantly lower than YMAX's -7.33% return.
ULTY
-11.67%
-3.78%
-7.10%
-0.27%
N/A
N/A
YMAX
-7.33%
-1.76%
-0.01%
7.36%
N/A
N/A
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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 Rank
ULTY
YMAX
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.
Dividends
ULTY vs. YMAX - Dividend Comparison
ULTY's dividend yield for the trailing twelve months is around 165.57%, more than YMAX's 63.39% yield.
| TTM | 2024 | |
|---|---|---|
ULTY YieldMax Ultra Option Income Strategy ETF | 165.57% | 111.70% |
YMAX YieldMax Universe Fund of Option Income ETFs | 63.39% | 44.20% |
Drawdowns
ULTY vs. YMAX - Drawdown Comparison
The maximum ULTY drawdown since its inception was -26.85%, which is greater than YMAX's maximum drawdown of -25.56%. 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) and YieldMax Universe Fund of Option Income ETFs (YMAX) have volatilities of 15.08% and 15.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.