YMAX vs. ULTY
Compare and contrast key facts about YieldMax Universe Fund of Option Income ETFs (YMAX) and YieldMax Ultra Option Income Strategy ETF (ULTY).
YMAX and ULTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAX is an actively managed fund by YieldMax. It was launched on Jan 16, 2024. ULTY is an actively managed fund by YieldMax. It was launched on Feb 28, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: YMAX or ULTY.
Correlation
The correlation between YMAX and ULTY 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
YMAX vs. ULTY - Performance Comparison
Key characteristics
YMAX:
0.27
ULTY:
-0.01
YMAX:
0.54
ULTY:
0.20
YMAX:
1.07
ULTY:
1.02
YMAX:
0.28
ULTY:
-0.01
YMAX:
0.94
ULTY:
-0.04
YMAX:
7.57%
ULTY:
9.57%
YMAX:
25.84%
ULTY:
31.05%
YMAX:
-25.56%
ULTY:
-26.85%
YMAX:
-13.34%
ULTY:
-16.94%
Returns By Period
In the year-to-date period, YMAX achieves a -7.33% return, which is significantly higher than ULTY's -11.67% return.
YMAX
-7.33%
-1.76%
-0.01%
7.36%
N/A
N/A
ULTY
-11.67%
-3.78%
-7.10%
-0.27%
N/A
N/A
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YMAX vs. ULTY - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is higher than ULTY's 1.14% expense ratio.
Risk-Adjusted Performance
YMAX vs. ULTY — Risk-Adjusted Performance Rank
YMAX
ULTY
YMAX vs. ULTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.
Dividends
YMAX vs. ULTY - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 63.39%, less than ULTY's 165.57% yield.
| TTM | 2024 | |
|---|---|---|
YMAX YieldMax Universe Fund of Option Income ETFs | 63.39% | 44.20% |
ULTY YieldMax Ultra Option Income Strategy ETF | 165.57% | 111.70% |
Drawdowns
YMAX vs. ULTY - Drawdown Comparison
The maximum YMAX drawdown since its inception was -25.56%, roughly equal to the maximum ULTY drawdown of -26.85%. Use the drawdown chart below to compare losses from any high point for YMAX and ULTY. For additional features, visit the drawdowns tool.
Volatility
YMAX vs. ULTY - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) and YieldMax Ultra Option Income Strategy ETF (ULTY) have volatilities of 15.68% and 15.08%, 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.