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Data as of .

ULTY vs XDTE: which paid, and which earned it?

Over the year ULTY paid 46.9% of its price in cash against XDTE’s 26.9%, though XDTE returned more with it reinvested.

YieldMax(R) Ultra Option Income Strategy ETF and Roundhill S&P 500 0DTE Covered Call Strategy ETF, side by side, income ETFs on ETFIQ.

46.9%ULTY cash paid, 1 year
26.9%XDTE cash paid, 1 year
−5.8%ULTY total return, 1 year
+16.6%XDTE total return, 1 year

ETFIQ Return Stability Score: XDTE scores higher

Was the payout funded by returns, or by your own capital?

ULTY 4.7XDTE 46.33.2, the lowest in this set96.9, the highest

A percentile among the 161 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

ULTY23.3 pts behind SPY · 1 year to Sep 11, 2026
SPY+17.5%ULTY−5.8%23.3 pts behind SPYTotal return, distributions reinvestedSPY+17.5%ULTY−5.8%23.3 pts behind SPY
XDTE0.9 pts behind SPY · 1 year to Sep 11, 2026
SPY+17.5%XDTE+16.6%26.9% of it arrived as cash0.9 pts behind SPYTotal return, distributions reinvestedSPY+17.5%XDTE+16.6%26.9% as cash0.9 pts behind SPY

What they hold in common

By the books each fund has filed, ULTY and XDTE hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in ULTYOnly in XDTE
Alphabet Inc 5.66%SPX 03/19/2027 678.8 C 67.54%
Analog Devices Inc 5.47%SPX 06/11/2027 678.8 C 25.09%
Amazon.com Inc 5.16%Roundhill Weekly T-Bill ETF 7.36%
Lam Research Corp 4.99%
Ciena Corp 4.95%
Quanta Services Inc 4.95%
Lumentum Holdings Inc 4.86%
NVIDIA Corp 4.80%

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 Sep 11, 2026.

Performance, window by window

ULTY and XDTE over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ.
WindowTotal returnCash paidAgainst the benchmark
ULTYXDTEULTYXDTEULTYXDTE
3 months−0.3%+3.9%14.2%5.1%−3.6 pts+0.6 pts
6 months+11.2%+13.4%29.8%10.5%−4.8 pts−2.6 pts
1 year−5.8%+16.6%46.9%26.9%−23.3 pts−0.9 pts
Since launch+9.0%+45.7%86.7%59.3%−45.9 pts−7.2 pts
Open the live comparison on ETFIQ
ULTY and XDTE on the same fields, as of Sep 11, 2026. Source: ETFIQ.
ULTY
YieldMax(R) Ultra Option Income Strategy ETF
Synthetic covered call on SPY, paying weekly
XDTE
Roundhill S&P 500 0DTE Covered Call Strategy ETF
0DTE covered call on SPY, paying weekly
IssuerYieldMaxRoundhill
Strategysynthetic covered call0DTE covered call
BenchmarkS&P 500 (SPY), used as a default proxyS&P 500 (SPY)
Paysweeklyweekly
Payout rate, annualized61.5%17.6%
Expense ratio1.30%0.97%
Cash paid, 1 year46.9%26.9%
Price change, 1 year−53.3%−12.8%
Total return, 1 year−5.8%+16.6%
Benchmark return, 1 year+17.5%+17.5%
Ahead or behind−23.3 pts−0.9 pts
Return of capital, latest estimate100%not published
Age925 days918 days

ULTY in plain words

Over the year to Sep 11, 2026, ULTY paid 46.9% of its starting value in cash distributions while its price fell 53.3%. With every distribution reinvested, the fund returned −5.8%. S&P 500 (SPY), used as a default proxy returned +17.5% over the same days, so a holder was behind by 23.3 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 61.5%, paid weekly. YieldMax estimates that 100% of the distribution paid Sep 10, 2026 was a return of capital (19a-1 notice, estimated, a tax characterization rather than a measure of erosion).

XDTE in plain words

Over the year to Sep 11, 2026, XDTE paid 26.9% of its starting value in cash distributions while its price fell 12.8%. With every distribution reinvested, the fund returned +16.6%. S&P 500 (SPY) returned +17.5% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 11, 2026 the latest distribution annualizes to 17.6%, paid weekly.

Questions people ask

Which paid more, ULTY or XDTE?
Over the year to Sep 11, 2026, ULTY paid 46.9% of its starting price in cash and XDTE paid 26.9%, 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, ULTY or XDTE?
With every distribution reinvested, ULTY returned −5.8% and XDTE returned +16.6% over the year to Sep 11, 2026, so XDTE returned more.
Which is cheaper, ULTY or XDTE?
ULTY charges 1.30% a year and XDTE charges 0.97%, so XDTE 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.

ULTY against XDTE, ETFIQ, data as of Sep 11, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, ULTY against XDTE, data as of Sep 11, 2026. https://etfiq.com/compare/income/ulty-vs-xdte Free to use with attribution; the underlying files are at Open data.

How every figure is computed · Standards and sources