YBTY vs. ULTI

Last updated Jun 6, 2026

YBTY (GraniteShares YieldBOOST TopYielders ETF) and ULTI (REX IncomeMax Option Strategy ETF) are both Derivative Income funds. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. YBTY charges 1.38%/yr vs 1.25%/yr for ULTI.

Performance

YBTY vs. ULTI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST TopYielders ETF (YBTY) and REX IncomeMax Option Strategy ETF (ULTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YBTY achieves a -18.16% return, which is significantly lower than ULTI's 33.28% return.

YBTY

• 1D: -2.29%
• 1M: -2.98%
• YTD: -18.16%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULTI

• 1D: -7.13%
• 1M: 3.97%
• YTD: 33.28%
• 6M: 10.89%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YBTY vs. ULTI - Yearly Performance Comparison

	2026 (YTD)	2025
YBTY GraniteShares YieldBOOST TopYielders ETF	-18.16%	-7.96%
ULTI REX IncomeMax Option Strategy ETF	33.28%	-4.74%

Correlation

The correlation between YBTY and ULTI is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 17, 2025	0.67

Return for Risk

YBTY vs. ULTI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST TopYielders ETF (YBTY) and REX IncomeMax Option Strategy ETF (ULTI). 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

	YBTY	ULTI	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-2.08	-0.45	-1.63

Drawdowns

YBTY vs. ULTI - Drawdown Comparison

The maximum YBTY drawdown since its inception was -27.66%, smaller than the maximum ULTI drawdown of -41.74%. Use the drawdown chart below to compare losses from any high point for YBTY and ULTI.

Drawdown Indicators

	YBTY	ULTI	Difference
Max Drawdown Largest peak-to-trough decline	-27.66%	-41.74%	+14.08%
Current Drawdown Current decline from peak	-25.64%	-17.78%	-7.86%
Average Drawdown Average peak-to-trough decline	-18.47%	-27.95%	+9.48%

Volatility

Volatility by Period

	YBTY	ULTI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	62.69%	-40.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.05%	62.69%	-40.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.05%	62.69%	-40.64%

YBTY vs. ULTI - Expense Ratio Comparison

YBTY has a 1.38% expense ratio, which is higher than ULTI's 1.25% expense ratio.

Dividends

YBTY vs. ULTI - Dividend Comparison

YBTY's dividend yield for the trailing twelve months is around 49.79%, more than ULTI's 47.92% yield.

Position	TTM	2025
ULTI REX IncomeMax Option Strategy ETF	47.92%	14.96%
YBTY GraniteShares YieldBOOST TopYielders ETF	49.79%	4.10%

Frequently Asked Questions

Can I hold both YBTY and ULTI in my portfolio?

YBTY and ULTI have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, YBTY or ULTI?

On fees, ULTI is cheaper at 1.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YBTY or ULTI?

ULTI is cheaper with a 1.25% expense ratio, compared with 1.38% for YBTY.

Which ETF pays a higher dividend yield, YBTY or ULTI?

YBTY has the higher dividend yield at 49.79%, compared with 47.92% for ULTI.

What is the main difference between YBTY and ULTI?

They also come from different issuers: GraniteShares and REX Shares. Their fees differ too: 1.38% for YBTY and 1.25% for ULTI.