Data as of Oct 28, 2026.
IVV vs ULTY: Differences, Returns & Fees
Over the year to Oct 28, 2026, IVV returned +13.7% to ULTY's −11.2%, and IVV charges 0.03% to ULTY's 1.30%.
askIQ about this page
askIQ about IVV and ULTY
Net assets on Oct 27, 2026: $885.1bn for iShares Core S&P 500 ETF and $627m for YieldMax Ultra Option Income Strategy ETF.
Pair scorecard
IVV costs 1.27 points a year less; their one-year returns differ by 24.9 points; IVV is far larger, $885.1bn against $627m.
| Measure | IVV | ULTY |
|---|---|---|
| Return | ||
| Total return, 1 year | +13.7% | −11.2% |
| Price change, 1 year | rose 12.4% | 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 | S&P 500 | Benchmark: its own holdings |
| Against its benchmark, same days | ahead by 4.1 pts | |
| Cost and size | ||
| Expense ratio | 0.03% | 1.30% |
| Net assets, as of Oct 27, 2026 | $885.1bn | $627m |
| Holdings | ||
| Holdings in common | 12% | |
| In the S&P 500, by weight | 100% | |
| Top ten holdings, share of the fund | 38.1% | |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
What they share
By the books each fund has filed, IVV and ULTY hold 12% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
12% in common
Only in one fund ↓
Side by side
IVV 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.
IVV
IVV tracks the S&P 500. Over the year to Oct 28, 2026 it returned +13.7% with distributions reinvested, against +13.6% for its benchmark, the S&P 500. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer for Oct 27, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.1%.
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 IVV and ULTY in the same category?
- IVV 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, IVV or ULTY?
- In the year to Oct 28, 2026, with distributions reinvested, IVV returned +13.7% and ULTY −11.2%.
- Which is cheaper, IVV or ULTY?
- IVV is cheaper, by 1.27 percentage points a year. That is about $127 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.
Cite this pageCitation, APA and Markdown
ETFIQ, IVV against ULTY, data as of Oct 28, 2026. https://etfiq.com/compare/any/ivv-vs-ulty
ETFIQ. (Oct 28, 2026). IVV against ULTY. Retrieved from https://etfiq.com/compare/any/ivv-vs-ulty
[IVV against ULTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/ivv-vs-ulty)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.