Data as of .
ULTY vs YSPC: which paid, and which earned it?
ULTY and YSPC both write options for income.
What they hold in common
By the books each fund has filed, ULTY and YSPC hold 3% of their money in the same securities at the same weight.
| Holding | ULTY | YSPC |
|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 2.74% | 5.82% |
| Only in ULTY | Only in YSPC |
|---|---|
| Advanced Micro Devices Inc 5.23% | United States Treasury Bill 07/08/2027 43.24% |
| MercadoLibre Inc 4.99% | United States Treasury Bill 02/18/2027 34.02% |
| Lumentum Holdings Inc 4.75% | United States Treasury Note/Bond 2.375% 05/15/2027 16.09% |
| Strategy Inc 4.66% | SPCX 10/16/2026 150.01 C 6.39% |
| Comfort Systems USA Inc 4.61% | SPACE EX CLL OPT 09/26 162.500 0.62% |
| Alphabet Inc 4.39% | SPACE EX CLL OPT 09/26 157.500 0.07% |
| Lam Research Corp 4.34% | SPACE EX CLL OPT 09/26 152.500 -0.15% |
| Coherent Corp 4.30% | SPACE EX CLL OPT 09/26 155 -1.85% |
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 | YSPC | ULTY | YSPC | ULTY | YSPC | |
| 3 months | −1.1% | not published | 13.7% | not published | −3.3 pts | not published |
| 6 months | +14.0% | not published | 30.1% | not published | −4.0 pts | not published |
| 1 year | −7.8% | not published | 44.9% | not published | −24.3 pts | not published |
| Since launch | +10.7% | +6.4% | 86.9% | 10.9% | −44.1 pts | +5.3 pts |
| ULTY YieldMax(R) Ultra Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | YSPC YieldMax(R) [SpaceX] Option Income Strategy ETF Synthetic covered call on SPY, paying weekly | |
|---|---|---|
| Issuer | YieldMax | YieldMax |
| Strategy | synthetic covered call | synthetic covered call |
| Benchmark | S&P 500 (SPY), used as a default proxy | S&P 500 (SPY), used as the proxy |
| Pays | weekly | weekly |
| Payout rate, annualized | 59.8% | 63.0% |
| Expense ratio | 1.30% | 1.01% |
| Cash paid, 1 year | 44.9% | 10.9% (since launch on Jul 15, 2026) |
| Price change, 1 year | −54.1% | −5.3% |
| Total return, 1 year | −7.8% | +6.4% (since launch on Jul 15, 2026) |
| Benchmark return, 1 year | +16.6% | +1.2% |
| Ahead or behind | −24.3 pts | +5.3 pts |
| Return of capital, latest estimate | 100% | 0% |
| Age | 932 days | 65 days |
| Net assets | $721m | $32m |
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).
YSPC in plain words
Over the period since launch on Jul 15, 2026 to Sep 18, 2026, YSPC paid 10.9% of its starting value in cash distributions while its price fell 5.3%. With every distribution reinvested, the fund returned +6.4%. S&P 500 (SPY), used as the proxy returned +1.2% over the same days, so a holder was ahead by 5.3 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 63.0%, paid weekly. YieldMax estimates that 0% of the distribution paid Sep 18, 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 YSPC?
- ULTY charges 1.30% a year and YSPC charges 1.01%, so YSPC 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 YSPC, data as of Sep 18, 2026. https://etfiq.com/compare/income/ulty-vs-yspc Free to use with attribution; the underlying files are at Open data.