Which paid more, ULTY or YMAG?

Over the year to Nov 4, 2026, ULTY paid 46.0% of its starting price in cash and YMAG paid 33.4%, 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 YMAG?

With every distribution reinvested, ULTY returned −12.4% and YMAG +5.8% over the year to Nov 4, 2026.

Which is cheaper, ULTY or YMAG?

ULTY charges 1.30% a year and YMAG charges 1.34%, so ULTY is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Income ETFs

ULTY vs YMAG: Dividend Yield & Total Return

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Over the year to Nov 4, 2026, ULTY paid 46.0% of its price in cash against YMAG’s 33.4%, though YMAG returned more with it reinvested.

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Net assets on Nov 3, 2026: $576m for YieldMax Ultra Option Income Strategy ETF and $268m for YieldMax Magnificent 7 Fund of Option Income ETFs.

ULTY on its own →YMAG on its own →

At a glance

46.0%

ULTY cash paid, 1 year

33.4%

YMAG cash paid, 1 year

−12.4%

ULTY total return, 1 year

+5.8%

YMAG total return, 1 year

ULTY · 1 year to Nov 4, 2026 4.4 pts ahead of its own holdings

ULTY

−12.4%

Own

−16.8%

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. Total return, distributions reinvested. 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.

YMAG · 1 year to Nov 4, 2026 1.2 pts ahead of its own holdings

YMAG

+5.8%

Own

+4.6%

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

33.4% as cash

1.2 pts ahead of its own holdings

Total return, distributions reinvested

1.2 pts ahead of its own holdings

YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

its own holdings

+4.6%

YMAG

+5.8%

33.4% of it arrived as cash. Both charts share one scale, with zero at the line. YMAG over 1 year: paid 33.4%, price −29.4%, total +5.8%, its own holdings +4.6%, +1.2 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

ULTY costs 0.04 points a year less; their one-year returns differ by 18.2 points; ULTY is 2.1 times larger.

Points (pts) are percentage points.

ULTY vs YMAG: Dividend Yield & Total Return
Measure	ULTY	YMAG
Paid and earned
Measure	ULTY	YMAG
Total return, 1 year	−12.4%	+5.8%
Price change, 1 year	fell 55.5%	fell 29.4%
Return of capital, issuer estimate	100% of the Nov 5, 2026 payment	11% of the Nov 5, 2026 payment
Against its benchmark
Measure	ULTY	YMAG
Benchmark	its own holdings	its own holdings
Cost and size
Measure	ULTY	YMAG
Expense ratio	1.30%	1.34%
Net assets, as of Nov 3, 2026	$576m	$268m
Holdings
Measure	ULTY	YMAG
Holdings in common	0%

ETFIQ Distribution Coverage Score · YMAG scores higher How much of what it paid out did its total return cover?

IQ Income Score12.9ULTY23.1YMAG

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

ULTY 12.9

YMAG 23.1

0.3, the lowest in this set 99.7, the highest

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 →

Method

Risk and return

Mar 8, 2024 to Oct 30, 2026 · 138 weekly returns

ULTY YMAG

Return

Total return edge YMAG −3.8% +57.7%

Annualized edge YMAG −1.4% +18.7%

Price return edge YMAG −89.2% −48.5%

Risk

Volatility edge YMAG 24.1% 19.6%

Max drawdown edge YMAG (slight) −25.9% −23.7%

Risk-adjusted

Sharpe edge YMAG −0.12 0.75

Sortino edge YMAG −0.15 1.14

Calmar edge YMAG −0.06 0.79

Reading

From Mar 2024 to Oct 2026, YMAG returned more: +57.7% to −3.8%. YMAG swung less: 19.6% to 24.1%. YMAG fell slightly less at its worst: −23.7% to −25.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: ULTY vs YMAG: Dividend Yield & Total Return
Measure	ULTY	YMAG	Edge	How it is measured
Return
Total return	−3.8%	+57.7%	YMAG	Price change plus distributions, reinvested.
Annualized	−1.4%	+18.7%	YMAG	Total return as a yearly rate.
Price return	−89.2%	−48.5%	YMAG	Price change alone, distributions left out.
Risk
Volatility	24.1%	19.6%	YMAG	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	18.4%	13.0%	YMAG	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−25.9%	−23.7%	YMAG (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.12	0.75	YMAG	Return above Treasury bills per unit of volatility.
Sortino	−0.15	1.14	YMAG	Return above Treasury bills per unit of downside deviation.
Calmar	−0.06	0.79	YMAG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 138 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, ULTY and YMAG hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first ULTY YMAG

Only in one fund ↓

Only in ULTY

Analog Devices Inc 5.67%

Alphabet Inc 5.03%

Alibaba Group Holding Ltd 4.83%

MercadoLibre Inc 4.75%

Shopify Inc 4.74%

Space Exploration Technologies Corp 4.68%

VanEck Gold Miners ETF 4.60%

Advanced Micro Devices Inc 4.02%

Only in YMAG

YieldMax MSFT Option Income Strategy ETF 15.10%

YieldMax AAPL Option Income Strategy ETF 15.04%

YieldMax Amzn Option Income ETF 14.92%

YieldMax Tsla Option Income ETF 14.83%

YieldMax NVDA Option Income Strategy ETF 13.66%

YieldMax Meta Option Income Strategy ETF 13.26%

YieldMax GOOGL Option Income Strategy ETF 12.23%

Check overlap with more funds →

Side by side

ULTY YieldMax Ultra Option Income Strategy ETF · Synthetic covered call on its own holdings, paying weekly YMAG YieldMax Magnificent 7 Fund of Option Income ETFs · Synthetic covered call on its own holdings, paying weekly

Issuer YieldMax YieldMax

Strategy synthetic covered call synthetic covered call

Benchmark ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026)

Pays weekly weekly

Payout rate, annualized 60.9% 31.4%

Expense ratio 1.30% 1.34%

Cash paid, 1 year 46.0% 33.4%

Price change, 1 year −55.5% −29.4%

Total return, 1 year −12.4% +5.8%

Benchmark return, 1 year −16.8% +4.6%

Ahead or behind +4.4 pts +1.2 pts

Return of capital, latest estimate 100% 11%

Age 2.7 years 2.8 years

Net assets, as of Nov 3, 2026 $576m $268m

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

Window by window: ULTY vs YMAG: Dividend Yield & Total Return
	Total return		Cash paid		Against the benchmark
Window	ULTY	YMAG	ULTY	YMAG	ULTY	YMAG
3 months	−8.3%	+3.3%	14.3%	9.1%	+3.4 pts	+0.3 pts
6 months	−9.9%	+1.9%	26.6%	18.1%	+1.6 pts	−0.2 pts
1 year	−12.4%	+5.8%	46.0%	33.4%	+4.4 pts	+1.2 pts
Since launchNot the same days: ULTY Feb 2024 · YMAG Jan 2024	−1.9%	+70.3%	87.9%	91.7%	not measured	not measured

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About each fund

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). That is a tax label, not a measure of erosion.

YMAG

Over the year to Nov 4, 2026, YMAG paid 33.4% of its starting value in cash distributions while its price fell 29.4%. With every distribution reinvested, the fund returned +5.8%. YMAG's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) returned +4.6% over the same days, so a holder was ahead by 1.2 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 31.4%, paid weekly. YieldMax estimates that 11% of the distribution paid Nov 5, 2026 was a return of capital (its 19a-1 notice).

Questions people ask

Which paid more, ULTY or YMAG?: Over the year to Nov 4, 2026, ULTY paid 46.0% of its starting price in cash and YMAG paid 33.4%, 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 YMAG?: With every distribution reinvested, ULTY returned −12.4% and YMAG +5.8% over the year to Nov 4, 2026.
Which is cheaper, ULTY or YMAG?: ULTY charges 1.30% a year and YMAG charges 1.34%, so ULTY is cheaper. Fees come from each fund's prospectus.

Other comparisons

ULTY vs KYLD ULTY vs YMAX ULTY vs ODTE ULTY vs YYY YMAG vs YYY YMAG vs KYLD YMAG vs ODTE YMAG vs SIXH

Where to next

ULTY on its own →YMAG on its own →ULTY dividend history →ULTY holdings →YMAG dividend history →YMAG holdings →Method →Standards and sources →

Sources and dates

ULTY and YMAG filings on SEC EDGAR ↗

ULTY prospectus with the expense ratio (SEC) ↗

ULTY 19a-1 distribution notice ↗

YieldMax page for ULTY ↗

YMAG prospectus with the expense ratio (SEC) ↗

YMAG 19a-1 distribution notice ↗

YieldMax page for YMAG ↗

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, ULTY against YMAG, data as of Nov 4, 2026. https://etfiq.com/compare/income/ulty-vs-ymag

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.