Data as of Nov 4, 2026.
ODTE vs ULTY: Dividend Yield & Total Return
ODTE and ULTY both write options for income.
askIQ about this page
askIQ about ODTE and ULTY
Net assets on Nov 3, 2026: $2.1m for VegaShares SPX NDX RTY Premium Income ETF and $576m for YieldMax Ultra Option Income Strategy ETF.
Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% as cash
Total return, distributions reinvested
Not measured
ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
ODTE
+4.5%
8.3% of it arrived as cash. Total return, distributions reinvested. ODTE since launch: paid 8.3%, price −3.5%, total +4.5%, not measured against a benchmark. Data to Nov 4, 2026.
Data to Nov 4, 2026.4.4 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
ODTE costs 0.62 points a year less; ULTY is far larger, $576m against $2.1m.
Points (pts) are percentage points.
| Measure | ODTE | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | −12.4% |
| Price change | fell 7.1% (3 months) | fell 55.5% (1 year) |
| Return of capital, issuer estimate | 100% of the Oct 30, 2026 payment | 100% of the Nov 5, 2026 payment |
| Against its benchmark | ||
| Benchmark | its own holdings | its own holdings |
| Against its benchmark, same days | behind by 0.9 pts | ahead by 4.4 pts |
| Cost and size | ||
| Expense ratio | 0.68% | 1.30% |
| Net assets, as of Nov 3, 2026 | $2.1m | $576m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, ODTE and ULTY hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Side by side
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
| Total return | Cash paid | Against the benchmark | ||||
|---|---|---|---|---|---|---|
| Window | ODTE | ULTY | ODTE | ULTY | ODTE | ULTY |
| 3 months | −3.8% | −8.3% | 3.5% | 14.3% | −0.9 pts | +3.4 pts |
| 6 months | −5.4% | −9.9% | 6.7% | 26.6% | not measured | +1.6 pts |
| 1 year | – | −12.4% | – | 46.0% | – | +4.4 pts |
| Since launchNot the same days: ODTE Apr 2026 · ULTY Feb 2024 | +4.5% | −1.9% | 8.3% | 87.9% | not measured | not measured |
– means no data for this window. Open this comparison in the app →
ODTE's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Jun 30, 2026) returned −2.9% over the same days, so a holder was behind by 0.9 pts.
Over the 3 months to Nov 4, 2026, ODTE paid 3.5% of its starting value in cash distributions while its price fell 7.1%. With every distribution reinvested, the fund returned −3.8%. At its price on Nov 4, 2026 the latest distribution annualizes to 14.0%, paid weekly. VegaShares estimates that 100% of the distribution paid Oct 30, 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 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).
Questions people ask
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, ODTE against ULTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/odte-vs-ulty
ETFIQ. (Nov 4, 2026). ODTE against ULTY. Retrieved from https://etfiq.com/compare/income/odte-vs-ulty
[ODTE against ULTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/odte-vs-ulty)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.