Data as of .
OEI vs ULTY: which paid, and which earned it?
OEI and ULTY both write options for income.
What they hold in common
By the books each fund has filed, OEI and ULTY hold 10% of their money in the same securities at the same weight.
| Holding | OEI | ULTY |
|---|---|---|
| Alphabet Inc | 3.48% | 4.39% |
| NVIDIA Corp | 8.32% | 2.36% |
| Advanced Micro Devices Inc | 1.56% | 5.23% |
| Caterpillar Inc | 1.04% | 3.07% |
| Lam Research Corp | 0.74% | 4.34% |
| Palantir Technologies Inc | 0.48% | 4.27% |
| Only in OEI | Only in ULTY |
|---|---|
| Microsoft Corp 5.99% | MercadoLibre Inc 4.99% |
| Amazon.com Inc 4.56% | Lumentum Holdings Inc 4.75% |
| Apple Inc 4.28% | Strategy Inc 4.66% |
| Broadcom Inc 3.04% | Comfort Systems USA Inc 4.61% |
| Alphabet Inc 2.79% | Coherent Corp 4.30% |
| Micron Technology Inc 2.57% | Analog Devices Inc 4.11% |
| Meta Platforms Inc 2.18% | Space Exploration Technologies Corp 4.11% |
| Johnson & Johnson 2.10% | Alibaba Group Holding Ltd 4.07% |
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 Jul 31, 2026 and Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| OEI | ULTY | OEI | ULTY | OEI | ULTY | |
| 3 months | +4.8% | −1.1% | 2.3% | 13.7% | +2.5 pts | −3.3 pts |
| 6 months | +12.5% | +14.0% | 4.9% | 30.1% | −5.6 pts | −4.0 pts |
| 1 year | not published | −7.8% | not published | 44.9% | not published | −24.3 pts |
| Since launch | +14.4% | +10.7% | 8.6% | 86.9% | −0.9 pts | −44.1 pts |
| OEI Optimized Equity Income ETF Option income on SPY, paying monthly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Core Alternative | YieldMax |
| Strategy | option income | synthetic covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 9.2% | 59.8% |
| Expense ratio | 1.02% | 1.30% |
| Cash paid, 1 year | 8.6% (since launch on Oct 22, 2025) | 44.9% |
| Price change, 1 year | +5.2% | −54.1% |
| Total return, 1 year | +14.4% (since launch on Oct 22, 2025) | −7.8% |
| Benchmark return, 1 year | +15.3% | +16.6% |
| Ahead or behind | −0.9 pts | −24.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 331 days | 932 days |
| Net assets | $46m | $721m |
OEI in plain words
Over the period since launch on Oct 22, 2025 to Sep 18, 2026, OEI paid 8.6% of its starting value in cash distributions while its price rose 5.2%. With every distribution reinvested, the fund returned +14.4%. S&P 500 (SPY), used as a default proxy returned +15.3% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 9.2%, paid monthly.
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, OEI or ULTY?
- OEI charges 1.02% a year and ULTY charges 1.30%, so OEI 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, OEI against ULTY, data as of Sep 18, 2026. https://etfiq.com/compare/income/oei-vs-ulty Free to use with attribution; the underlying files are at Open data.