Data as of . Every figure is the income desk's own, on published data.
AIPI vs ULTY
What they hold in common
By the books each fund has filed, AIPI and ULTY hold 22% of their money in the same securities at the same weight.
| Holding | AIPI | ULTY |
|---|---|---|
| NVIDIA CORPORATION | 8.23% | 4.80% |
| Astera Labs, Inc | 7.20% | 4.56% |
| PALANTIR TECHNOLOGIES INC. | 8.40% | 4.40% |
| ADVANCED MICRO DEVICES, INC. | 3.32% | 4.15% |
| AMAZON.COM, INC. | 2.34% | 5.16% |
| ALPHABET INC. | 2.29% | 5.66% |
| Only in AIPI | Only in ULTY |
|---|---|
| CROWDSTRIKE HOLDINGS, INC. 11.93% | Analog Devices Inc 5.47% |
| DATADOG, INC. 6.65% | Lam Research Corp 4.99% |
| MICRON TECHNOLOGY, INC. 4.15% | Ciena Corp 4.95% |
| SUPER MICRO COMPUTER, INC. 3.95% | Quanta Services Inc 4.95% |
| IONQ Inc 3.62% | Lumentum Holdings Inc 4.86% |
| PALO ALTO NETWORKS, INC. 3.61% | IREN Ltd 4.80% |
| QUALCOMM INCORPORATED 3.29% | Strategy Inc 4.65% |
| SERVICENOW, INC. 3.17% | Coherent Corp 4.50% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings as filed for Apr 30, 2026 and May 31, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| AIPI | ULTY | AIPI | ULTY | AIPI | ULTY | |
| 3 months | +7.3% | +2.9% | 8.4% | 14.5% | +4.5 pts | −1.8 pts |
| 6 months | +21.6% | +12.9% | 16.1% | 29.9% | −9.4 pts | −2.3 pts |
| 1 year | +25.5% | −2.9% | 31.2% | 48.3% | −17.3 pts | −22.8 pts |
| Since launch | +54.8% | +10.0% | 63.2% | 86.5% | −37.0 pts | −46.2 pts |
| AIPI REX AI EQUITY PREMIUM INCOME ETF | ULTY YieldMax(R) Ultra Option Income Strategy ETF | |
|---|---|---|
| Issuer | REX | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | AI and technology (AIQ), used as the AI proxy | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | weekly |
| Payout rate, annualised | 35.0% | 60.4% |
| Expense ratio | 0.65% | 1.30% |
| Cash paid, 1 year | 31.2% | 48.3% |
| Price change, 1 year | −10.2% | −52.1% |
| Total return, 1 year | +25.5% | −2.9% |
| Benchmark return, 1 year | +42.9% | +20.0% |
| Ahead or behind | −17.3 pts | −22.8 pts |
| Return of capital, latest estimate | 100% | 100% |
| Age | 822 days | 918 days |
AIPI in plain words
Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting value in cash distributions while its price fell 10.2%. With every distribution reinvested, the fund returned +25.5%. AI and technology (AIQ), used as the AI proxy returned +42.9% over the same days, so a holder was behind by 17.3 pts. At its price on Sep 4, 2026 the latest distribution annualises to 35.0%, paid weekly. REX estimates that 100% of the distribution paid was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
ULTY in plain words
Over the year to Sep 4, 2026, ULTY paid 48.3% of its starting value in cash distributions while its price fell 52.1%. With every distribution reinvested, the fund returned −2.9%. S&P 500 (SPY), used as a default proxy returned +20.0% over the same days, so a holder was behind by 22.8 pts. At its price on Sep 4, 2026 the latest distribution annualises to 60.4%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 3, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
Questions people ask
- Which paid more, AIPI or ULTY?
- Over the year to Sep 4, 2026, AIPI paid 31.2% of its starting price in cash and ULTY paid 48.3%, so ULTY paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, AIPI or ULTY?
- With every distribution reinvested, AIPI returned +25.5% and ULTY returned −2.9% over the year to Sep 4, 2026, so AIPI returned more.
- Which is cheaper, AIPI or ULTY?
- AIPI charges 0.65% a year and ULTY charges 1.30%, so AIPI is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, AIPI against ULTY, data as of Sep 4, 2026. https://etfiq.com/compare/income/AIPI-ULTY.html Free to use with attribution; the underlying files are at Open data.