ULTY
YieldMax Ultra Option Income Strategy ETF
ULTY is actively managed, seeking to provide monthly income through a portfolio of covered call strategies.
Risk Management
DERIVATIVES
Active
MANAGEMENT STYLE
3.1 B
ASSETS UNDER MGMT
114 bp
EXPENSES
Fund Basics
| Fund sponsor | YieldMax |
| Category | Risk Management |
| Asset class | Derivatives |
| Website | link... |
| Inception date | Feb 28, 2024 |
| Assets (mns) | $3,126 |
| Expense ratio | 114 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| CASH & OTHER | 6.3 % |
| AST SPACEMOBILE INC | 5.6 % |
| OKLO INC | 5.4 % |
| IONQ INC | 5.4 % |
| ROCKET LAB CORP | 5.3 % |
| AFFIRM HOLDINGS INC | 5.3 % |
| UPSTART HOLDINGS INC | 5.3 % |
| APPLOVIN CORP | 5.2 % |
| ROBINHOOD MARKETS INC | 5.2 % |
| NEBIUS GROUP NV | 5.1 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -31.6% | -50.0% | -- | -- | -- | -- | -- | -55.4% |
| Dividend Yield | 46.7% | 74.9% | -- | -- | -- | -- | -- | 66.3% |
| Total Returns | 15.2% | 24.9% | -- | -- | -- | -- | -- | 10.9% | Ann. Volatility | 31.3% | 28.8% | -- | -- | -- | -- | -- | 29.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 41,464 |
| ADV traded (mns) | $238 |
| Turnover | 7.6% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| Recent close | $5.75 |
| 30d moving avg. | $5.92 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 52 |
| Short interest | 9.5% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Risk Management Derivatives ETFs |
| # of ETFs | 109 |
| Avg. Expense Ratio | 85.0 bp |
| Std. Deviation | 17 bp |
| ULTY (114 bp) Percentile rank | 81 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ULTY | 114.0 | 16.2 | 130.2 |
| Peer Avg. | 96.3 | 31.6 | 127.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .