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Data as of Nov 4, 2026.

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Income ETFs

ULTY vs YQQQ: 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 YQQQ’s 26.8%, though YQQQ returned more with it reinvested.

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Net assets on Nov 3, 2026: $576m for YieldMax Ultra Option Income Strategy ETF and $15m for YieldMax Short N100 Option Income Strategy ETF.

ULTY on its own →YQQQ on its own →
At a glance
46.0%
ULTY cash paid, 1 year
26.8%
YQQQ cash paid, 1 year
−12.4%
ULTY total return, 1 year
+6.6%
YQQQ total return, 1 year
ULTY · 1 year to Nov 4, 2026 4.4 pts ahead of its own holdings
4.4 pts ahead of its own holdingsULTY 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 holdingsTotal return, distributions reinvested4.4 pts ahead of its own holdingsULTY 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%

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.
YQQQ · 1 year to Nov 4, 2026 21.1 pts ahead of short QQQ
21.1 pts ahead of short QQQYQQQ over 1 year: paid 26.8%, price −21.3%, total +6.6%, short QQQ −14.5%, +21.1 pts. Data to Nov 4, 2026.short QQQ−14.5%YQQQ+6.6%26.8% as cash21.1 pts ahead of short QQQTotal return, distributions reinvested21.1 pts ahead of short QQQYQQQ over 1 year: paid 26.8%, price −21.3%, total +6.6%, short QQQ −14.5%, +21.1 pts. Data to Nov 4, 2026.short QQQ−14.5%YQQQ+6.6%21.1 pts ahead of short QQQ

YQQQ over 1 year: paid 26.8%, price −21.3%, total +6.6%, short QQQ −14.5%, +21.1 pts. Data to Nov 4, 2026.

Data to Nov 4, 2026.

Pair scorecard

YQQQ costs 0.19 points a year less; their one-year returns differ by 19.0 points; ULTY is far larger, $576m against $15m.

Points (pts) are percentage points.

ULTY vs YQQQ: Dividend Yield & Total Return
MeasureULTYYQQQ
Paid and earned
Total return, 1 year−12.4%+6.6%
Price change, 1 yearfell 55.5%fell 21.3%
Return of capital, issuer estimate100% of the Nov 5, 2026 payment
Against its benchmark
Benchmarkits own holdingsNasdaq-100 (QQQ) held short
Cost and size
Expense ratio1.30%1.11%
Net assets, as of Nov 3, 2026$576m$15m
Holdings
Holdings in common0%
ETFIQ Distribution Coverage Score · YQQQ scores higher How much of what it paid out did its total return cover?
IQ Income Score12.9ULTY24.3YQQQ

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

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

What they share

0%

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

0 half 100%

half

0% in common

Positions both hold · largest shared weight first ULTY YQQQ
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 YQQQ
United States Treasury Note/Bond 2.375% 05/15/2027 16.15%
United States Treasury Note/Bond 3.375% 09/15/2027 12.48%
QQQ 12/18/2026 750.02 P 8.12%
QQQ US 11/06/26 P685 0.09%
QQQ US 11/06/26 P665 0.03%
QQQ US 12/18/26 C915 0.01%
QQQ US 11/06/26 P682 -0.23%
QQQ US 11/06/26 P704 -0.41%
Check overlap with more funds →

Side by side

ULTY YieldMax Ultra Option Income Strategy ETF · Synthetic covered call on its own holdings, paying weekly YQQQ YieldMax Short N100 Option Income Strategy ETF · Short option income on short QQQ, paying weekly
Issuer YieldMax YieldMax
Strategy synthetic covered call short option income
Benchmark ULTY's own holdings, without the options (from its filed holdings, rebalanced at each filing; latest Nov 2, 2026) Nasdaq-100 (QQQ) held short
Pays weekly weekly
Payout rate, annualized 60.9% 22.7%
Expense ratio 1.30% 1.11%
Cash paid, 1 year 46.0% 26.8%
Price change, 1 year −55.5% −21.3%
Total return, 1 year −12.4% +6.6%
Benchmark return, 1 year −16.8% −14.5%
Ahead or behind +4.4 pts +21.1 pts
Return of capital, latest estimate 100% not published
Age 2.7 years 2.2 years
Net assets, as of Nov 3, 2026 $576m $15m

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 YQQQ: Dividend Yield & Total Return
Total returnCash paidAgainst the benchmark
WindowULTYYQQQULTYYQQQULTYYQQQ
3 months−8.3%+10.7%14.3%10.6%+3.4 pts+8.0 pts
6 months−9.9%+9.0%26.6%15.9%+1.6 pts+11.1 pts
1 year−12.4%+6.6%46.0%26.8%+4.4 pts+21.1 pts
Since launchNot the same days: ULTY Feb 2024 · YQQQ Aug 2024−1.9%−10.1%87.9%40.8%not measured+28.7 pts

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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.

YQQQ

Over the year to Nov 4, 2026, YQQQ paid 26.8% of its starting value in cash distributions while its price fell 21.3%. With every distribution reinvested, the fund returned +6.6%. Nasdaq-100 (QQQ) held short returned −14.5% over the same days, so a holder was ahead by 21.1 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 22.7%, paid weekly.

Questions people ask

Which paid more, ULTY or YQQQ?
Over the year to Nov 4, 2026, ULTY paid 46.0% of its starting price in cash and YQQQ paid 26.8%, 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 YQQQ?
With every distribution reinvested, ULTY returned −12.4% and YQQQ +6.6% over the year to Nov 4, 2026.
Which is cheaper, ULTY or YQQQ?
ULTY charges 1.30% a year and YQQQ charges 1.11%, so YQQQ is cheaper. Fees come from each fund's prospectus.
Other comparisons
ULTY vs XVSPULTY vs VAIEULTY vs MAGYULTY vs YLDEYQQQ vs YMAGYQQQ vs KYLDYQQQ vs ODTEYQQQ vs YYY
Where to next
ULTY on its own →YQQQ on its own →ULTY dividend history →ULTY holdings →YQQQ dividend history →YQQQ holdings →Method →Standards and sources →
Sources and dates
ULTY and YQQQ filings on SEC EDGAR ↗
ULTY and YQQQ prospectus with the expense ratio (SEC) ↗
ULTY 19a-1 distribution notice ↗
YieldMax page for ULTY ↗
YQQQ 19a-1 distribution notice ↗
YieldMax page for YQQQ ↗

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.

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

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