YieldMax Ultra Option Income Strategy ETF (ULTY) Performance
ULTY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.1% since Dec 31, 2025
- 1 year
- −11.3% total return
- Since first price
- −0.8% since 2024
ULTY trailing returns vs SPY, QQQ, AGG
| Period | ULTY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.8% | −12.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.6% | −16.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.7% | −28.8% | +7.8% | +8.4% | −1.5% |
| YTD | +2.1% | −39.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.3% | −54.6% | +14.4% | +15.9% | −1.1% |
| Since inceptionFeb 29, 2024 | −0.8% | −88.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ULTY vs SPY
From Feb 29, 2024: ULTY grew to $9,925, SPY to $15,447.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ULTY returns by calendar year
0 of 1 full years positive. Best 2025 (−3.3%), worst 2025 (−3.3%). 2026 is year to date.
ULTY annual returns table
| Year | ULTY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +2.1% | −12.8% | +12.3% | +15.1% | −1.0% |
| 2025 | −3.3% | −26.8% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ULTY largest drawdowns
Now 16.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2025 | −26.8% | Apr 8, 2025 | Jul 2, 2025 | 49 days | 4 months |
| Oct 9, 2025 | −24.2% | Mar 30, 2026 | not yet | 6 months | 1.0 years so far |
| Mar 4, 2024 | −21.0% | Aug 5, 2024 | Nov 11, 2024 | 5 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ULTY risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +2.7% |
| Volatility (annualized) | 22.3% |
| Sharpe ratio | 0.04 |
| Sortino ratio | 0.06 |
| Best month | +13.4% |
| Worst month | −13.6% |
| Best 12 months | +22.3% |
| Worst 12 months | −14.8% |
| Positive months | 58% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ULTY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 21 | −14.8% | +1.2% | +22.3% | 52% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
ULTY performance overview
YieldMax Ultra Option Income Strategy ETF (ULTY) returned −11.3% over the past year, with distributions reinvested. Since its first recorded price on Feb 29, 2024 it has returned −0.8%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.8%, from Feb 18, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 22.3% a year.
Related: ULTY chart, ULTY holdings, ULTY dividends. See the ULTY overview for the latest quote and fund facts.
ULTY performance FAQ
What is the ULTY return over the past year?
ULTY returned −11.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 54.6%.
How much would $10,000 invested in ULTY be worth?
$10,000 invested in ULTY at its first recorded close on February 29, 2024 would be worth about $9,925 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of ULTY?
The largest peak-to-trough decline was −26.8% between February 18, 2025 and April 8, 2025. It recovered to the old high on July 2, 2025, 3 months after the bottom.
How volatile is ULTY?
Over the past history ULTY had an annualized volatility of 22.3% and a Sharpe ratio of 0.04 (excess return over 1–3 month T-bills per unit of risk).