Data as of Nov 4, 2026.
TPRY vs ULTY: Dividend Yield & Total Return
TPRY and ULTY both write options for income.
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Net assets on Nov 3, 2026: $3.3m for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF and $576m for YieldMax Ultra Option Income Strategy ETF.
19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
Total return, distributions reinvested
19.3 pts behind SPY
TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 pts. Data to Nov 4, 2026.
SPY
+12.1%
TPRY
−7.2%
19.3 pts behind SPY
9.7% of it arrived as cash. Total return, distributions reinvested. TPRY since launch: paid 9.7%, price −16.1%, total −7.2%, SPY +12.1%, −19.3 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
TPRY costs 0.35 points a year less; ULTY is far larger, $576m against $3.3m.
Points (pts) are percentage points.
| Measure | TPRY | ULTY |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | not published | −12.4% |
| Price change | fell 16.1% (since Feb 26, 2026) | fell 55.5% (1 year) |
| Return of capital, issuer estimate | 19% of the Oct 27, 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 | 0.95% | 1.30% |
| Net assets, as of Nov 3, 2026 | $3.3m | $576m |
| Holdings | ||
| Holdings in common | 19% | |
What they share
By the books each fund has filed, TPRY and ULTY hold 19% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
19% 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 | TPRY | ULTY | TPRY | ULTY | TPRY | ULTY |
| 3 months | −9.7% | −8.3% | 3.6% | 14.3% | −9.5 pts | +3.4 pts |
| 6 months | −14.1% | −9.9% | 6.9% | 26.6% | −19.1 pts | +1.6 pts |
| 1 year | – | −12.4% | – | 46.0% | – | +4.4 pts |
| Since launchNot the same days: TPRY Feb 2026 · ULTY Feb 2024 | −7.2% | −1.9% | 9.7% | 87.9% | −19.3 pts | not measured |
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TPRY
Over the period from its first trade on Feb 26, 2026 to Nov 4, 2026, TPRY paid 9.7% of its starting value in cash distributions while its price fell 16.1%. With every distribution reinvested, the fund returned −7.2%. S&P 500 (SPY) returned +12.1% over the same days, so a holder was behind by 19.3 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 15.7%, paid monthly. VistaShares estimates that 19% of the distribution paid Oct 27, 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
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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, TPRY against ULTY, data as of Nov 4, 2026. https://etfiq.com/compare/income/tpry-vs-ulty
ETFIQ. (Nov 4, 2026). TPRY against ULTY. Retrieved from https://etfiq.com/compare/income/tpry-vs-ulty
[TPRY against ULTY (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/tpry-vs-ulty)
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