Data as of Nov 4, 2026.
SPUT vs ULTY: Dividend Yield & Total Return
Over the year to Nov 4, 2026, ULTY paid 46.0% of its price in cash against SPUT’s 4.8%, though SPUT returned more with it reinvested.
askIQ about this page
askIQ about SPUT and ULTY
Net assets: $17m on Nov 4, 2026 for Innovator Equity Premium Income - Daily PutWrite ETF, and $576m on Nov 3, 2026 for YieldMax Ultra Option Income Strategy ETF.
4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.8% as cash
4.1 pts behind SPY
Total return, distributions reinvested
4.1 pts behind SPY
SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. Data to Nov 4, 2026.
SPY
+14.8%
SPUT
+10.7%
4.1 pts behind SPY
4.8% of it arrived as cash. Total return, distributions reinvested. SPUT over 1 year: paid 4.8%, price +5.7%, total +10.7%, SPY +14.8%, −4.1 pts. 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
SPUT costs 0.51 points a year less; their one-year returns differ by 23.1 points; ULTY is far larger, $576m against $17m.
Points (pts) are percentage points.
| Measure | SPUT | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | +10.7% | −12.4% |
| Price change, 1 year | rose 5.7% | fell 55.5% |
| Return of capital, issuer estimate | 58% of the Nov 2, 2026 payment | 100% of the Nov 5, 2026 payment |
| Against its benchmark | ||
| Benchmark | S&P 500, measured through SPY | its own holdings |
| Cost and size | ||
| Expense ratio | 0.79% | 1.30% |
| Net assets, as of Nov 3, 2026 | $17m | $576m |
| Holdings | ||
| Holdings in common | 9% | |
How much of its payouts the fund's total return covered, ranked against 167 income ETFs not writing on a single company. 100 is best. How it is computed
One year only, and a ratio of two published numbers: it says nothing about where a distribution came from. All income ETFs ranked by it →
What they share
By the books each fund has filed, SPUT and ULTY hold 9% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.
half
9% 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 | SPUT | ULTY | SPUT | ULTY | SPUT | ULTY |
| 3 months | +0.9% | −8.3% | 1.0% | 14.3% | +1.0 pts | +3.4 pts |
| 6 months | +3.4% | −9.9% | 1.9% | 26.6% | −1.6 pts | +1.6 pts |
| 1 year | +10.7% | −12.4% | 4.8% | 46.0% | −4.0 pts | +4.4 pts |
| Since launchNot the same days: SPUT Mar 2025 · ULTY Feb 2024 | +23.3% | −1.9% | 9.1% | 87.9% | −15.6 pts | not measured |
SPUT
Over the year to Nov 4, 2026, SPUT paid 4.8% of its starting value in cash distributions while its price rose 5.7%. With every distribution reinvested, the fund returned +10.7%. S&P 500 (SPY) returned +14.8% over the same days, so a holder was behind by 4.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 3.6%, paid monthly. Innovator estimates that 58% of the distribution paid Nov 2, 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
It is a place in a set, not a rating or a recommendation.
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, SPUT against ULTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/sput-vs-ulty
ETFIQ. (Nov 4, 2026). SPUT against ULTY. Retrieved from https://etfiq.com/compare/income/sput-vs-ulty
[SPUT against ULTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/sput-vs-ulty)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.