Which paid more, OARK or ULTY?

Over the year to Sep 4, 2026, OARK paid 39.3% 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, OARK or ULTY?

With every distribution reinvested, OARK returned +13.3% and ULTY returned −2.9% over the year to Sep 4, 2026, so OARK returned more.

Which is cheaper, OARK or ULTY?

OARK charges 1.00% a year and ULTY charges 1.30%, so OARK is cheaper. Fees come from each fund's prospectus.

Data as of Sep 4, 2026. Every figure is the income desk's own, on published data.

OARK vs ULTY

Name: ETFIQ comparison of OARK and ULTY
Creator: ETFIQ

YieldMax(R) Innovation Option Income Strategy ETF and YieldMax(R) Ultra Option Income Strategy ETF, side by side on the income desk.

Open the live comparison on ETFIQ

OARK and ULTY on the income desk fields, as of Sep 4, 2026. Source: ETFIQ.
	OARK YieldMax(R) Innovation Option Income Strategy ETF	ULTY YieldMax(R) Ultra Option Income Strategy ETF
Issuer	YieldMax	YieldMax
Strategy	synthetic covered call	synthetic covered call
Benchmark	Nasdaq-100 (QQQ), used as the innovation proxy	S&P 500 (SPY), used as a default proxy
Pays	weekly	weekly
Payout rate, annualised	40.3%	60.4%
Expense ratio	1.00%	1.30%
Cash paid, 1 year	39.3%	48.3%
Price change, 1 year	−29.0%	−52.1%
Total return, 1 year	+13.3%	−2.9%
Benchmark return, 1 year	+25.6%	+20.0%
Ahead or behind	−12.3 pts	−22.8 pts
Return of capital, latest estimate	78%	100%
Age	1381 days	918 days

OARK in plain words

Over the year to Sep 4, 2026, OARK paid 39.3% of its starting value in cash distributions while its price fell 29.0%. With every distribution reinvested, the fund returned +13.3%. Nasdaq-100 (QQQ), used as the innovation proxy returned +25.6% over the same days, so a holder was behind by 12.3 pts. At its price on Sep 4, 2026 the latest distribution annualises to 40.3%, paid weekly. YieldMax estimates that 78% of the distribution paid Sep 4, 2026 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, OARK or ULTY?: Over the year to Sep 4, 2026, OARK paid 39.3% 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, OARK or ULTY?: With every distribution reinvested, OARK returned +13.3% and ULTY returned −2.9% over the year to Sep 4, 2026, so OARK returned more.
Which is cheaper, OARK or ULTY?: OARK charges 1.00% a year and ULTY charges 1.30%, so OARK is cheaper. Fees come from each fund's prospectus.

Other comparisons

Cite this page. ETFIQ, OARK against ULTY, data as of Sep 4, 2026. https://etfiq.com/compare/income/OARK-ULTY.html Free to use with attribution; the underlying files are at Open data.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources