Data as of Oct 28, 2026.
BALI vs ULTY: Dividend Yield & Total Return
Over the year to Oct 28, 2026, ULTY paid 44.3% of its price in cash against BALI’s 8.3%, though BALI returned more with it reinvested.
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Net assets on Oct 27, 2026: $1.6bn for iShares U.S. Large Cap Premium Income Active ETF and $627m for YieldMax Ultra Option Income Strategy ETF.
4 pts ahead of SPY
BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.
SPY
+13.6%
BALI
+17.6%
8.3% as cash
4 pts ahead of SPY
Total return, distributions reinvested
4 pts ahead of SPY
BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.
SPY
+13.6%
BALI
+17.6%
4 pts ahead of SPY
8.3% of it arrived as cash. Total return, distributions reinvested. BALI over 1 year: paid 8.3%, price +8.4%, total +17.6%, SPY +13.6%, +4.0 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
4.1 pts ahead of its own holdings
Total return, distributions reinvested
4.1 pts ahead of its own holdings
ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
its own holdings
−15.3%
ULTY
−11.2%
44.3% of it arrived as cash. Both charts share one scale, with zero at the line. ULTY over 1 year: paid 44.3%, price −55.2%, total −11.2%, its own holdings −15.3%, +4.1 pts. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
BALI costs 0.95 points a year less; their one-year returns differ by 28.8 points; BALI is 2.6 times larger.
Points (pts) are percentage points.
| Measure | BALI | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +17.6% | −11.2% |
| Price change, 1 year | rose 8.4% | fell 55.2% |
| Return of capital, issuer estimate | 0% of the Oct 6, 2026 payment | 100% of the Oct 29, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | its own holdings |
| Against its benchmark, same days | ahead by 4.0 pts | ahead by 4.1 pts |
| Cost and size | ||
| Expense ratio | 0.35% | 1.30% |
| Net assets, as of Oct 27, 2026 | $1.6bn | $627m |
| Holdings | ||
| Holdings in common | 12% | |
How much of its payouts the fund's total return covered, ranked against 164 income ETFs not writing on a single company. 100 is best. How it is computed
A percentile among the 164 income ETFs not writing on a single company. One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Mar 8, 2024 to Oct 23, 2026 · 137 weekly returnsBALI returned more: +51.0% to −0.3%. BALI swung less: 12.5% to 24.1%. BALI fell less at its worst: −15.3% to −25.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | BALI | ULTY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +51.0% | −0.3% | BALI | Price change plus distributions, reinvested. |
| Annualized | +16.9% | −0.1% | BALI | Total return as a yearly rate. |
| Price return | +22.2% | −88.7% | BALI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 12.5% | 24.1% | BALI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 8.3% | 18.4% | BALI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.3% | −25.9% | BALI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.97 | −0.06 | BALI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.46 | −0.08 | BALI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.11 | 0.00 | BALI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 137 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BALI 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
As of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price. Payout rate: the latest payment, annualized, over today’s price.
Window by window
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | BALI | ULTY | BALI | ULTY | BALI | ULTY |
| 3 months | +5.9% | +4.2% | 1.7% | 15.4% | −0.3 pts | −9.8 pts |
| 6 months | +10.4% | +1.0% | 3.9% | 28.1% | +1.3 pts | −6.6 pts |
| 1 year | +17.6% | −11.2% | 8.3% | 44.3% | +4.0 pts | +4.1 pts |
| 3 years | +85.1% | – | 30.9% | – | −9.9 pts | – |
| Since launchNot the same days: BALI Sep 2023 · ULTY Feb 2024 | +78.9% | +4.4% | 29.9% | 87.8% | −8.0 pts | not measured |
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BALI and ULTY are built for the same job. How do they differ in cost, holdings and results?
- Income paid. BALI paid 8.3% and ULTY 44.3% (cash paid over 1 year, as a share of its price at the start), a gap of 36.0 points.
- What each is measured against. BALI is measured against S&P 500 through SPY and ULTY against its own holdings.
- Holdings in common. 12% of the weight is in the same securities (holdings dated Oct 27, 2026 and Oct 28, 2026).
Data as of Oct 28, 2026.
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BALI
Over the year to Oct 28, 2026, BALI paid 8.3% of its starting value in cash distributions while its price rose 8.4%. With every distribution reinvested, the fund returned +17.6%. S&P 500 (SPY) returned +13.6% over the same days, so a holder was ahead by 4.0 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 6.1%, paid monthly. iShares estimates that 0% of the distribution paid Oct 6, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
ULTY
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%. 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. 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).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, BALI against ULTY, data as of Oct 28, 2026. https://etfiq.com/compare/income/bali-vs-ulty
ETFIQ. (Oct 28, 2026). BALI against ULTY. Retrieved from https://etfiq.com/compare/income/bali-vs-ulty
[BALI against ULTY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/income/bali-vs-ulty)
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