Data as of .
SCLZ vs ULTY: which paid, and which earned it?
Over the year ULTY paid 44.9% of its price in cash against SCLZ’s 8.4%, though SCLZ returned more with it reinvested.
ETFIQ Return Stability Score: SCLZ scores higher
Was the payout funded by returns, or by your own capital?
A percentile among the 173 income ETFs writing on an index or proxy. It is a position in a set, not a rating, and neither end of it is a recommendation. All income ETFs ranked by it · How it is computed
What they hold in common
By the books each fund has filed, SCLZ and ULTY hold 19% of their money in the same securities at the same weight.
| Holding | SCLZ | ULTY |
|---|---|---|
| ALPHABET INC | 5.18% | 5.66% |
| NVIDIA CORP | 5.99% | 4.80% |
| ADVANCED MICRO DEVICES INC | 5.14% | 4.15% |
| AMAZON.COM INC | 3.75% | 5.16% |
| PALANTIR TECHNOLOGIES INC | 1.42% | 4.40% |
| Only in SCLZ | Only in ULTY |
|---|---|
| MICRON TECHNOLOGY INC 7.89% | Analog Devices Inc 5.47% |
| APPLE INC 6.15% | Lam Research Corp 4.99% |
| BROADCOM INC 4.71% | Ciena Corp 4.95% |
| ELI LILLY & COMPANY 3.86% | Quanta Services Inc 4.95% |
| MICROSOFT CORP 3.71% | Lumentum Holdings Inc 4.86% |
| JP MORGAN CHASE & COMPANY 3.50% | IREN Ltd 4.80% |
| META PLATFORMS INC 3.34% | Strategy Inc 4.65% |
| BERKSHIRE HATHAWAY INC 3.10% | Astera Labs Inc 4.56% |
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 Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| SCLZ | ULTY | SCLZ | ULTY | SCLZ | ULTY | |
| 3 months | +2.9% | −1.1% | 2.1% | 13.7% | −3.6 pts | −3.3 pts |
| 6 months | +14.2% | +14.0% | 3.8% | 30.1% | +1.6 pts | −4.0 pts |
| 1 year | +13.2% | −7.8% | 8.4% | 44.9% | −14.0 pts | −24.3 pts |
| Since launch | +36.5% | +10.7% | 19.6% | 86.9% | −6.3 pts | −44.1 pts |
| SCLZ Swan Enhanced Dividend Income ETF Dividend stocks with call overlay on SCHD, paying monthly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | Swan | YieldMax |
| Strategy | dividend stocks with call overlay | synthetic covered call |
| Benchmark | US dividend stocks (SCHD), used as the dividend proxy | S&P 500 (SPY), used as a default proxy |
| Pays | monthly | weekly |
| Payout rate, annualized | 8.5% | 59.8% |
| Expense ratio | 0.79% | 1.30% |
| Cash paid, 1 year | 8.4% | 44.9% |
| Price change, 1 year | +4.1% | −54.1% |
| Total return, 1 year | +13.2% | −7.8% |
| Benchmark return, 1 year | +27.2% | +16.6% |
| Ahead or behind | −14.0 pts | −24.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 934 days | 932 days |
| Net assets | $20m | $721m |
SCLZ in plain words
Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting value in cash distributions while its price rose 4.1%. With every distribution reinvested, the fund returned +13.2%. US dividend stocks (SCHD), used as the dividend proxy returned +27.2% over the same days, so a holder was behind by 14.0 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 8.5%, 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 paid more, SCLZ or ULTY?
- Over the year to Sep 18, 2026, SCLZ paid 8.4% of its starting price in cash and ULTY paid 44.9%, so ULTY paid more. Cash paid is not the same as money made: the price change matters too.
- Which returned more once distributions are counted, SCLZ or ULTY?
- With every distribution reinvested, SCLZ returned +13.2% and ULTY returned −7.8% over the year to Sep 18, 2026, so SCLZ returned more.
- Which is cheaper, SCLZ or ULTY?
- SCLZ charges 0.79% a year and ULTY charges 1.30%, so SCLZ 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, SCLZ against ULTY, data as of Sep 18, 2026. https://etfiq.com/compare/income/sclz-vs-ulty Free to use with attribution; the underlying files are at Open data.