Data as of Nov 4, 2026.
ULTY vs YSPC: Dividend Yield & Total Return
ULTY and YSPC both write options for income.
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Net assets on Nov 3, 2026: $576m for YieldMax Ultra Option Income Strategy ETF and $42m for YieldMax SPCX Option Income Strategy ETF.
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, 2026.2.6 pts behind SPCX
YSPC since launch: paid 16.7%, price −18.2%, total −2.1%, SPCX +0.5%, −2.6 pts. Data to Nov 4, 2026.
SPCX
+0.5%
YSPC
−2.1%
2.6 pts behind SPCX
Total return, distributions reinvested
2.6 pts behind SPCX
YSPC since launch: paid 16.7%, price −18.2%, total −2.1%, SPCX +0.5%, −2.6 pts. Data to Nov 4, 2026.
SPCX
+0.5%
YSPC
−2.1%
2.6 pts behind SPCX
16.7% of it arrived as cash. Both charts share one scale, with zero at the line. YSPC since launch: paid 16.7%, price −18.2%, total −2.1%, SPCX +0.5%, −2.6 pts. Data to Nov 4, 2026.
Data to Nov 4, 2026.Pair scorecard
YSPC costs 0.29 points a year less; ULTY is 13.7 times larger.
Points (pts) are percentage points.
| Measure | ULTY | YSPC |
|---|---|---|
| Paid and earned | ||
| Total return, 1 year | −12.4% | not published |
| Price change | fell 55.5% (1 year) | fell 18.2% (since Jul 15, 2026) |
| Return of capital, issuer estimate | 100% of the Nov 5, 2026 payment | |
| Against its benchmark | ||
| Benchmark | its own holdings | Space Exploration Technologies (SPCX) |
| Cost and size | ||
| Expense ratio | 1.30% | 1.01% |
| Net assets, as of Nov 3, 2026 | $576m | $42m |
| Holdings | ||
| Holdings in common | 0% | |
What they share
By the books each fund has filed, ULTY and YSPC hold 0% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.
half
0% 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 | ULTY | YSPC | ULTY | YSPC | ULTY | YSPC |
| 3 months | −8.3% | +11.7% | 14.3% | 18.2% | +3.4 pts | −13.8 pts |
| 6 months | −9.9% | – | 26.6% | – | +1.6 pts | – |
| 1 year | −12.4% | – | 46.0% | – | +4.4 pts | – |
| Since launchNot the same days: ULTY Feb 2024 · YSPC Jul 2026 | −1.9% | −2.1% | 87.9% | 16.7% | not measured | −2.5 pts |
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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.
YSPC
Over the period from its first trade on Jul 15, 2026 to Nov 4, 2026, YSPC paid 16.7% of its starting value in cash distributions while its price fell 18.2%. With every distribution reinvested, the fund returned −2.1%. Space Exploration Technologies (SPCX) returned +0.5% over the same days, so a holder was behind by 2.6 pts. At its price on Nov 4, 2026 the latest distribution annualizes to 60.1%, paid weekly.
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, ULTY against YSPC, data as of Nov 4, 2026. https://etfiq.com/compare/income/ulty-vs-yspc
ETFIQ. (Nov 4, 2026). ULTY against YSPC. Retrieved from https://etfiq.com/compare/income/ulty-vs-yspc
[ULTY against YSPC (ETFIQ, Nov 4, 2026)](https://etfiq.com/compare/income/ulty-vs-yspc)
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