Data as of Nov 4, 2026.

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Income ETFs

JUDO vs ULTY: Dividend Yield & Total Return

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JUDO and ULTY both write options for income.

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Net assets: $7.0m on Jul 31, 2026 for Janus Henderson U.S. Equity Enhanced Income ETF, and $576m on Nov 3, 2026 for YieldMax Ultra Option Income Strategy ETF.

At a glance
3.8%
JUDO cash paid, since launch, Mar 25, 2026
46.0%
ULTY cash paid, 1 year
+16.1%
JUDO total return, since launch, Mar 25, 2026
−12.4%
ULTY total return, 1 year
JUDO · since launch to Nov 4, 2026 Not measured
JUDO
+16.1%
none

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

Total return, distributions reinvested

Not measured

JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

JUDO

+16.1%

3.8% of it arrived as cash. Total return, distributions reinvested. JUDO since launch: paid 3.8%, price +12.2%, total +16.1%, not measured against a benchmark. Data to Nov 4, 2026.

Data to Nov 4, 2026.
ULTY · 1 year to Nov 4, 2026 4.4 pts ahead of its own holdings
ULTY
−12.4%
Own
−16.8%

4.4 pts ahead of its own holdings

ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.

its own holdings

−16.8%

ULTY

−12.4%

4.4 pts ahead of its own holdings

Total return, distributions reinvested

4.4 pts ahead of its own holdings

ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.

its own holdings

−16.8%

ULTY

−12.4%

46.0% of it arrived as cash. Both charts share one scale, with zero at the line. ULTY over 1 year: paid 46.0%, price −55.5%, total −12.4%, its own holdings −16.8%, +4.4 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

JUDO costs 0.75 points a year less.

Points (pts) are percentage points.

JUDO vs ULTY: Dividend Yield & Total Return
MeasureJUDOULTY
Paid and earned
Total return, 1 yearnot published−12.4%
Price changerose 2.7% (6 months)fell 55.5% (1 year)
Return of capital, issuer estimate100% of the Nov 5, 2026 payment
Against its benchmark
Benchmarkits own stocksits own holdings
Against its benchmark, same daysahead by 0.6 ptsahead by 4.4 pts
Cost and size
Expense ratio0.55%1.30%
Net assets, JUDO as of Jul 31, 2026 and ULTY as of Nov 3, 2026$7.0m$576m
Holdings
Holdings in common14%

Method

What they share

14%

By the books each fund has filed, JUDO and ULTY hold 14% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.

0 half 100%

half

14% in common

Positions both hold · largest shared weight first JUDO ULTY
Alphabet, Inc. 6.79% 5.03%
Amazon.com, Inc. 5.17% 2.95%
NVIDIA Corp. 7.84% 2.72%
Lam Research Corp. 1.22% 4.00%
Dell Technologies, Inc. 1.12% 2.47%
Meta Platforms, Inc. 0.79% 2.22%
Only in one fund ↓
Only in JUDO
Microsoft Corp. 6.64%
Apple, Inc. 4.38%
Broadcom, Inc. 3.56%
JPMorgan Chase & Co. 2.31%
Eli Lilly & Co. 2.07%
Micron Technology, Inc. 1.99%
Mastercard, Inc. 1.72%
Visa, Inc. 1.70%
Only in ULTY
Analog Devices Inc 5.67%
Alibaba Group Holding Ltd 4.83%
MercadoLibre Inc 4.75%
Shopify Inc 4.74%
Space Exploration Technologies Corp 4.68%
VanEck Gold Miners ETF 4.60%
Advanced Micro Devices Inc 4.02%
Robinhood Markets Inc 3.79%
Check overlap with more funds →

Side by side

JUDO Janus Henderson U.S. Equity Enhanced Income ETF · Covered call on its own stocks, paying monthly ULTY YieldMax Ultra Option Income Strategy ETF · Synthetic covered call on its own holdings, paying weekly
Strategy covered call synthetic covered call
Benchmark JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026)
Pays monthly weekly
Payout rate, annualized 6.4% 60.9%
Expense ratio 0.55% 1.30%
Cash paid, 1 year 3.8% (since launch, Mar 25, 2026) 46.0%
Price change, 1 year +12.2% (since launch, Mar 25, 2026) −55.5%
Total return, 1 year +16.1% (since launch, Mar 25, 2026) −12.4%
Benchmark return, 1 year not published −16.8%
Ahead or behind not available +4.4 pts
Return of capital, latest estimate not published 100%
Age 224 days 2.7 years
Net assets, JUDO as of Jul 31, 2026 and ULTY as of Nov 3, 2026 $7.0m $576m

As of Nov 4, 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

Window by window: JUDO vs ULTY: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowJUDOULTYJUDOULTYJUDOULTY
3 months−1.2%−8.3%1.6%14.3%+0.5 pts+3.4 pts
6 months+5.8%−9.9%3.1%26.6%+0.6 pts+1.6 pts
1 year–−12.4%–46.0%–+4.4 pts
Since launchNot the same days: JUDO Mar 2026 · ULTY Feb 2024+16.1%−1.9%3.8%87.9%not measurednot measured

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About each fund
JUDO

JUDO's own stocks, without the options (from its filed holdings, rebalanced at each filing; latest Jul 31, 2026) returned +5.2% over the same days, so a holder was ahead by 0.6 pts.

Over the 6 months to Nov 4, 2026, JUDO paid 3.1% of its starting value in cash distributions while its price rose 2.7%. With every distribution reinvested, the fund returned +5.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 6.4%, paid monthly.

ULTY

Over the year to Nov 4, 2026, ULTY paid 46.0% of its starting value in cash distributions while its price fell 55.5%. With every distribution reinvested, the fund returned −12.4%. ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned −16.8% over the same days, so a holder was ahead by 4.4 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 60.9%, paid weekly. YieldMax estimates that 100% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.

Questions people ask

Which is cheaper, JUDO or ULTY?
JUDO charges 0.55% a year and ULTY charges 1.30%, so JUDO is cheaper. Fees come from each fund's prospectus.
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ETFIQ, JUDO against ULTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/judo-vs-ulty

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