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

ULTY vs XDTE

YieldMax(R) Ultra Option Income Strategy ETF and Roundhill S&P 500 0DTE Covered Call Strategy ETF, side by side on the income desk.

What they hold in common

By the books each fund has filed, ULTY and XDTE hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in ULTYOnly in XDTE
Alphabet Inc 5.66%Roundhill Weekly T-Bill ETF 100.00%
Analog Devices Inc 5.47%
Amazon.com Inc 5.16%
Lam Research Corp 4.99%
Ciena Corp 4.95%
Quanta Services Inc 4.95%
Lumentum Holdings Inc 4.86%
NVIDIA Corp 4.80%

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 Jun 30, 2026.

Performance, window by window

ULTY and XDTE over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
ULTYXDTEULTYXDTEULTYXDTE
3 months+2.9%+5.1%14.5%5.0%−1.8 pts+0.4 pts
6 months+12.9%+11.7%29.9%10.3%−2.3 pts−3.4 pts
1 year−2.9%+18.7%48.3%27.3%−22.8 pts−1.2 pts
Since launch+10.0%+46.6%86.5%59.0%−46.2 pts−7.5 pts
Open the live comparison on ETFIQ
ULTY and XDTE on the income desk fields, as of Sep 4, 2026. Source: ETFIQ.
ULTY
YieldMax(R) Ultra Option Income Strategy ETF
XDTE
Roundhill S&P 500 0DTE Covered Call Strategy ETF
IssuerYieldMaxRoundhill
Strategysynthetic covered call0DTE covered call
BenchmarkS&P 500 (SPY), used as a default proxyS&P 500 (SPY)
Paysweeklyweekly
Payout rate, annualised60.4%20.0%
Expense ratio1.30%0.97%
Cash paid, 1 year48.3%27.3%
Price change, 1 year−52.1%−11.3%
Total return, 1 year−2.9%+18.7%
Benchmark return, 1 year+20.0%+20.0%
Ahead or behind−22.8 pts−1.2 pts
Return of capital, latest estimate100%not published
Age918 days911 days

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).

XDTE in plain words

Over the year to Sep 4, 2026, XDTE paid 27.3% of its starting value in cash distributions while its price fell 11.3%. With every distribution reinvested, the fund returned +18.7%. S&P 500 (SPY) returned +20.0% over the same days, so a holder was behind by 1.2 pts. At its price on Sep 4, 2026 the latest distribution annualises to 20.0%, paid weekly.

Questions people ask

Which paid more, ULTY or XDTE?
Over the year to Sep 4, 2026, ULTY paid 48.3% of its starting price in cash and XDTE paid 27.3%, 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, ULTY or XDTE?
With every distribution reinvested, ULTY returned −2.9% and XDTE returned +18.7% over the year to Sep 4, 2026, so XDTE returned more.
Which is cheaper, ULTY or XDTE?
ULTY charges 1.30% a year and XDTE charges 0.97%, so XDTE 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.

ULTY against XDTE, ETFIQ, data as of Sep 4, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

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

How every figure is computed · Standards and sources