Data as of .
TPRY vs ULTY: which paid, and which earned it?
TPRY and ULTY both write options for income.
What they hold in common
By the books each fund has filed, TPRY and ULTY hold 19% of their money in the same securities at the same weight.
| Holding | TPRY | ULTY |
|---|---|---|
| Alphabet Inc | 6.91% | 4.39% |
| Lam Research Corp | 4.08% | 4.34% |
| Alibaba Group Holding Ltd | 4.46% | 4.07% |
| Advanced Micro Devices Inc | 3.70% | 5.23% |
| NVIDIA Corp | 4.39% | 2.36% |
| Only in TPRY | Only in ULTY |
|---|---|
| Micron Technology Inc 13.23% | MercadoLibre Inc 4.99% |
| Amazon.com Inc 12.40% | Lumentum Holdings Inc 4.75% |
| Taiwan Semiconductor Manufacturing Co Ltd 8.48% | Strategy Inc 4.66% |
| Meta Platforms Inc 5.35% | Comfort Systems USA Inc 4.61% |
| Uber Technologies Inc 5.23% | Coherent Corp 4.30% |
| Apple Inc 4.91% | Palantir Technologies Inc 4.27% |
| Vistra Corp 4.57% | Analog Devices Inc 4.11% |
| Boeing Co/The 4.30% | Space Exploration Technologies Corp 4.11% |
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 Sep 21, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| TPRY | ULTY | TPRY | ULTY | TPRY | ULTY | |
| 3 months | −5.9% | −1.1% | 3.5% | 13.7% | −8.2 pts | −3.3 pts |
| 6 months | +11.9% | +14.0% | 8.1% | 30.1% | −6.1 pts | −4.0 pts |
| 1 year | not published | −7.8% | not published | 44.9% | not published | −24.3 pts |
| Since launch | +2.1% | +10.7% | 7.4% | 86.9% | −9.3 pts | −44.1 pts |
| TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF Covered call on SPY, paying monthly | ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | VistaShares | 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 | monthly | weekly |
| Payout rate, annualized | 15.3% | 59.8% |
| Expense ratio | 0.95% | 1.30% |
| Cash paid, 1 year | 7.4% (since launch on Feb 26, 2026) | 44.9% |
| Price change, 1 year | −5.4% | −54.1% |
| Total return, 1 year | +2.1% (since launch on Feb 26, 2026) | −7.8% |
| Benchmark return, 1 year | +11.4% | +16.6% |
| Ahead or behind | −9.3 pts | −24.3 pts |
| Return of capital, latest estimate | not published | 100% |
| Age | 204 days | 932 days |
| Net assets | $4m | $721m |
TPRY in plain words
Over the period since launch on Feb 26, 2026 to Sep 18, 2026, TPRY paid 7.4% of its starting value in cash distributions while its price fell 5.4%. With every distribution reinvested, the fund returned +2.1%. S&P 500 (SPY), used as a default proxy returned +11.4% over the same days, so a holder was behind by 9.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 15.3%, 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, TPRY or ULTY?
- TPRY charges 0.95% a year and ULTY charges 1.30%, so TPRY 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, TPRY against ULTY, data as of Sep 18, 2026. https://etfiq.com/compare/income/tpry-vs-ulty Free to use with attribution; the underlying files are at Open data.