XBTY vs. ULTY

Last updated Apr 1, 2026

Compare and contrast key facts about GraniteShares YieldBOOST Bitcoin ETF (XBTY) and YieldMax Ultra Option Income Strategy ETF (ULTY).

XBTY and ULTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XBTY is an actively managed fund by GraniteShares. It was launched on May 12, 2025. ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024.

Performance

XBTY vs. ULTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Bitcoin ETF (XBTY) and YieldMax Ultra Option Income Strategy ETF (ULTY). The values are adjusted to include any dividend payments, if applicable.

XBTY vs. ULTY - Yearly Performance Comparison

	2026 (YTD)	2025
XBTY GraniteShares YieldBOOST Bitcoin ETF	-18.18%	-21.15%
ULTY YieldMax Ultra Option Income Strategy ETF	-3.71%	1.56%

Returns By Period

In the year-to-date period, XBTY achieves a -18.18% return, which is significantly lower than ULTY's -3.71% return.

XBTY

• 1D: 0.69%
• 1M: -0.90%
• YTD: -18.18%
• 6M: -39.13%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTY

• 1D: 4.11%
• 1M: -7.74%
• YTD: -3.71%
• 6M: -18.53%
• 1Y: 11.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

XBTY vs. ULTY - Expense Ratio Comparison

XBTY has a 0.99% expense ratio, which is lower than ULTY's 1.14% expense ratio.

ULTY

YieldMax Ultra Option Income Strategy ETF

XBTY

GraniteShares YieldBOOST Bitcoin ETF

Return for Risk

XBTY vs. ULTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ULTY

ULTY Risk / Return Rank: 25
ULTY Sharpe Ratio Rank: 28
ULTY Sortino Ratio Rank: 28
ULTY Omega Ratio Rank: 27
ULTY Calmar Ratio Rank: 23
ULTY Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XBTY vs. ULTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) and YieldMax Ultra Option Income Strategy ETF (ULTY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XBTY	ULTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.34	-0.07	-1.27

Correlation

The correlation between XBTY and ULTY is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

XBTY vs. ULTY - Dividend Comparison

XBTY's dividend yield for the trailing twelve months is around 192.65%, more than ULTY's 131.16% yield.

	TTM	2025	2024
XBTY GraniteShares YieldBOOST Bitcoin ETF	192.65%	102.53%	0.00%
ULTY YieldMax Ultra Option Income Strategy ETF	131.16%	142.99%	111.70%

Drawdowns

XBTY vs. ULTY - Drawdown Comparison

The maximum XBTY drawdown since its inception was -45.04%, which is greater than ULTY's maximum drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for XBTY and ULTY.

Drawdown Indicators

	XBTY	ULTY	Difference
Max Drawdown Largest peak-to-trough decline	-45.04%	-26.85%	-18.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-24.16%	—
Current Drawdown Current decline from peak	-44.57%	-21.05%	-23.52%
Average Drawdown Average peak-to-trough decline	-19.27%	-9.04%	-10.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.04%	—

Volatility

Volatility by Period

	XBTY	ULTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.41%	25.30%	+4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.41%	27.64%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.41%	27.64%	+1.77%