Data as of Oct 28, 2026.
HDV vs ULTY: Differences, Returns & Fees
Over the year to Oct 28, 2026, HDV returned +29.4% to ULTY's −11.2%, and HDV charges 0.08% to ULTY's 1.30%.
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Net assets on Oct 27, 2026: $15.9bn for iShares Core High Dividend ETF and $627m for YieldMax Ultra Option Income Strategy ETF.
Pair scorecard
HDV costs 1.22 points a year less; their one-year returns differ by 40.6 points; HDV is far larger, $15.9bn against $627m.
| Measure | HDV | ULTY |
|---|---|---|
| Return | ||
| Total return, 1 year | +29.4% | −11.2% |
| Price change, 1 year | rose 24.9% | fell 55.2% |
| Latest payout, annualized | 60.7% | |
| Return of capital, issuer estimate | 100% of the Oct 29, 2026 payment | |
| Against its benchmark | ||
| What it tracks | Morningstar Dividend Yield Focus Index | Benchmark: its own holdings |
| Against its benchmark, same days | ahead by 4.1 pts | |
| Cost and size | ||
| Expense ratio | 0.08% | 1.30% |
| Net assets, as of Oct 27, 2026 | $15.9bn | $627m |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 90% | |
| Top ten holdings, share of the fund | 55.6% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
What they share
By the books each fund has filed, HDV and ULTY hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
HDV and ULTY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
HDV
HDV tracks an index of High Dividend. Over the year to Oct 28, 2026 it returned +29.4% with distributions reinvested. The prospectus expense ratio is 0.08% a year. By its holdings published by its issuer for Oct 27, 2026, 90% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 55.6%.
ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Oct 26, 2026) returned −15.3% over the same days, so a holder was ahead by 4.1 pts.
Over the year to Oct 28, 2026, ULTY paid 44.3% of its starting value in cash distributions while its price fell 55.2%. With every distribution reinvested, the fund returned −11.2%. At its price on Oct 28, 2026 the latest distribution annualizes to 60.7%, paid weekly. YieldMax estimates that 100% of the distribution paid Oct 29, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
Questions people ask
- Are HDV and ULTY in the same category?
- HDV is a stock ETF and ULTY is an option-income ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, HDV or ULTY?
- In the year to Oct 28, 2026, with distributions reinvested, HDV returned +29.4% and ULTY −11.2%.
- Which is cheaper, HDV or ULTY?
- HDV is cheaper, by 1.22 percentage points a year. That is about $122 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, HDV against ULTY, data as of Oct 28, 2026. https://etfiq.com/compare/any/hdv-vs-ulty
ETFIQ. (Oct 28, 2026). HDV against ULTY. Retrieved from https://etfiq.com/compare/any/hdv-vs-ulty
[HDV against ULTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hdv-vs-ulty)
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