Data as of .
ULTY vs XSPI: which paid, and which earned it?
ULTY and XSPI both write options for income.
What they hold in common
By the books each fund has filed, ULTY and XSPI hold 10% of their money in the same securities at the same weight.
| Holding | ULTY | XSPI |
|---|---|---|
| Alphabet Inc | 4.39% | 3.24% |
| NVIDIA Corp | 2.36% | 8.50% |
| Advanced Micro Devices Inc | 5.23% | 1.40% |
| Palantir Technologies Inc | 4.27% | 0.63% |
| Caterpillar Inc | 3.07% | 0.56% |
| Lam Research Corp | 4.34% | 0.56% |
| Analog Devices Inc | 4.11% | 0.27% |
| Dell Technologies Inc | 2.95% | 0.24% |
| Marathon Petroleum Corp | 2.38% | 0.18% |
| Robinhood Markets Inc | 4.07% | 0.15% |
| Quanta Services Inc | 2.67% | 0.14% |
| Coherent Corp | 4.30% | 0.09% |
| Only in ULTY | Only in XSPI |
|---|---|
| MercadoLibre Inc 4.99% | Apple Inc 7.83% |
| Strategy Inc 4.66% | Microsoft Corp 5.80% |
| Space Exploration Technologies Corp 4.11% | Amazon.com Inc 3.94% |
| Alibaba Group Holding Ltd 4.07% | Broadcom Inc 2.65% |
| VanEck Gold Miners ETF/USA 4.07% | Alphabet Inc 2.57% |
| Figure Technology Solutions Inc 4.02% | Meta Platforms Inc 2.25% |
| Shopify Inc 3.55% | Micron Technology Inc 1.75% |
| TransMedics Group Inc 3.48% | Tesla Inc 1.59% |
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 | |||
|---|---|---|---|---|---|---|
| ULTY | XSPI | ULTY | XSPI | ULTY | XSPI | |
| 3 months | −1.1% | +3.7% | 13.7% | 4.2% | −3.3 pts | +1.4 pts |
| 6 months | +14.0% | +20.0% | 30.1% | 9.2% | −4.0 pts | +1.9 pts |
| 1 year | −7.8% | not published | 44.9% | not published | −24.3 pts | not published |
| Since launch | +10.7% | +11.6% | 86.9% | 11.1% | −44.1 pts | +0.2 pts |
| ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | XSPI NEOS Boosted S&P 500(R) High Income ETF Option income on SPY, paying monthly | |
|---|---|---|
| Issuer | YieldMax | NEOS |
| Strategy | synthetic covered call | option income |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY) |
| Pays | weekly | monthly |
| Payout rate, annualized | 59.8% | 17.1% |
| Expense ratio | 1.30% | 0.98% |
| Cash paid, 1 year | 44.9% | 11.1% (since launch on Feb 3, 2026) |
| Price change, 1 year | −54.1% | −0.3% |
| Total return, 1 year | −7.8% | +11.6% (since launch on Feb 3, 2026) |
| Benchmark return, 1 year | +16.6% | +11.3% |
| Ahead or behind | −24.3 pts | +0.2 pts |
| Return of capital, latest estimate | 100% | 99% |
| Age | 932 days | 227 days |
| Net assets | $721m | $113m |
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).
XSPI in plain words
Over the period since launch on Feb 3, 2026 to Sep 18, 2026, XSPI paid 11.1% of its starting value in cash distributions while its price fell 0.3%. With every distribution reinvested, the fund returned +11.6%. S&P 500 (SPY) returned +11.3% over the same days, so a holder was about even. At its price on Sep 18, 2026 the latest distribution annualizes to 17.1%, paid monthly. NEOS estimates that 99% of the distribution paid Jul 10, 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, ULTY or XSPI?
- ULTY charges 1.30% a year and XSPI charges 0.98%, so XSPI 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, ULTY against XSPI, data as of Sep 18, 2026. https://etfiq.com/compare/income/ulty-vs-xspi Free to use with attribution; the underlying files are at Open data.