Data as of . Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate.
ULTI · REX IncomeMax Option Strategy ETF
REX · Income desk
Open the live card on ETFIQOver the period since launch on Oct 31, 2025 to Sep 4, 2026, ULTI paid 31.5% of its starting value in cash distributions while its price fell 73.6%. With every distribution reinvested, the fund returned −51.2%. S&P 500 (SPY), used as a default proxy returned +13.9% over the same days, so a holder was behind by 65.0 pts. At its price on Sep 4, 2026 the latest distribution annualises to 64.8%, paid weekly. REX estimates that 100% of the distribution paid Sep 4, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
| Strategy | option income |
|---|---|
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) |
| Pays | weekly |
| Payout rate, annualised (ETFIQ) | 64.8% |
| Expense ratio (prospectus XBRL) | 1.32% |
| Cash paid, trailing 12 months (ETFIQ) | 119.2% |
| Launched | Oct 31, 2025 |
| 3 months: paid / price / total / SPY / ahead or behind (ETFIQ) | 11.5% / −50.1% / −40.8% / +4.7% / −45.5 pts |
| 6 months: paid / price / total / SPY / ahead or behind (ETFIQ) | 34.9% / −41.5% / −16.6% / +15.2% / −31.8 pts |
| since launch: paid / price / total / SPY / ahead or behind (ETFIQ) | 31.5% / −73.6% / −51.2% / +13.9% / −65.0 pts |
| Return of capital, latest distribution (REX 19a-1 estimate) | 100.0% |
Questions people ask
- How much has ULTI paid over the last year?
- Over the period from its launch on Oct 31, 2025 to Sep 4, 2026, ULTI paid 31.5% of its starting price in cash distributions, while the price fell 73.6%.
- Is ULTI ahead of SPY?
- Over the period from its launch on Oct 31, 2025 to Sep 4, 2026, with every distribution reinvested, ULTI returned −51.2% against +13.9% for S&P 500 (SPY), used as a default proxy, so a holder was behind it by 65.0 points.
- How often does ULTI pay, and how much?
- ULTI pays weekly. The latest distribution annualises to 64.8% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- Is the ULTI distribution return of capital?
- REX estimates 100% of the distribution paid Sep 4, 2026 was return of capital. That is a tax characterisation from the fund's own 19a-1 notice, not a measure of erosion.
- What does ULTI cost?
- The prospectus expense ratio is 1.32% a year.
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.
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<a href="https://etfiq.com/funds/ULTI.html"><img src="https://etfiq.com/embed/income/ULTI.svg" alt="ULTI payout bar, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/ULTI.html">ULTI payout bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, ULTI on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/ULTI.html Free to use with attribution; the underlying files are at Open data.
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