Data as of .
ODTE vs ULTY: which paid, and which earned it?
ODTE and ULTY both write options for income.
What they hold in common
By the books each fund has filed, ODTE and ULTY hold 0% of their money in the same securities at the same weight.
| Only in ODTE | Only in ULTY |
|---|---|
| Invesco Nasdaq 100 ETF 33.70% | Advanced Micro Devices Inc 5.23% |
| Vanguard S&P 500 ETF 33.27% | MercadoLibre Inc 4.99% |
| Vanguard Russell 2000 ETF 33.03% | Lumentum Holdings Inc 4.75% |
| Strategy Inc 4.66% | |
| Comfort Systems USA Inc 4.61% | |
| Alphabet Inc 4.39% | |
| Lam Research Corp 4.34% | |
| Coherent Corp 4.30% |
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 dated Jun 30, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| ODTE | ULTY | ODTE | ULTY | ODTE | ULTY | |
| 3 months | −4.8% | −1.1% | 3.4% | 13.7% | −7.0 pts | −3.3 pts |
| 6 months | not published | +14.0% | not published | 30.1% | not published | −4.0 pts |
| 1 year | not published | −7.8% | not published | 44.9% | not published | −24.3 pts |
| Since launch | +6.2% | +10.7% | 6.7% | 86.9% | −10.5 pts | −44.1 pts |
| ODTE VegaShares SPX NDX RTY Premium Income ETF Covered call on SPY, paying weekly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | VegaShares | YieldMax |
| Strategy | covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as a default proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 14.1% | 59.8% |
| Expense ratio | 0.68% | 1.30% |
| Cash paid, 1 year | 6.7% (since launch on Apr 2, 2026) | 44.9% |
| Price change, 1 year | −0.3% | −54.1% |
| Total return, 1 year | +6.2% (since launch on Apr 2, 2026) | −7.8% |
| Benchmark return, 1 year | +16.7% | +16.6% |
| Ahead or behind | −10.5 pts | −24.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 169 days | 932 days |
| Net assets | $3m | $721m |
ODTE in plain words
Over the period since launch on Apr 2, 2026 to Sep 18, 2026, ODTE paid 6.7% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +6.2%. S&P 500 (SPY), used as a default proxy returned +16.7% over the same days, so a holder was behind by 10.5 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 14.1%, paid weekly.
ULTY in plain words
Over the year to Sep 18, 2026, ULTY paid 44.9% of its starting value in cash distributions while its price fell 54.1%. With every distribution reinvested, the fund returned −7.8%. S&P 500 (SPY), used as a default proxy returned +16.6% over the same days, so a holder was behind by 24.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 59.8%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 17, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).
Questions people ask
- Which is cheaper, ODTE or ULTY?
- ODTE charges 0.68% a year and ULTY charges 1.30%, so ODTE 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, ODTE against ULTY, data as of Sep 18, 2026. https://etfiq.com/compare/income/odte-vs-ulty Free to use with attribution; the underlying files are at Open data.