ULTY vs YMAX: Dividend Yield, Total Return & Fees Compared
YieldMax™ Ultra Option Income Strategy ETFYieldMax™ Universe Fund of Option Income ETFs
Data as of the close · refreshed automatically every trading day
ULTY vs YMAX at a glance
YieldMax™ Ultra Option Income Strategy ETF (ULTY) and YieldMax™ Universe Fund of Option Income ETFs (YMAX) are compared below using data through the September 25, 2026 close, refreshed after every trading day.
Over the past year, YMAX returned +4.51% with dividends reinvested, compared with -5.50% for ULTY. ULTY currently yields 95.52% (trailing 12-month) against 63.77% for YMAX.
The higher-yielding fund (ULTY) has trailed on 1-year total return. Yield only measures the income a fund pays; total return also counts the change in share price, so it is the fuller basis for comparing the two.
| Metric | ULTY | YMAX |
|---|---|---|
| Last close | $25.75 | $7.77 |
| Dividend yield | 95.52% (TTM) | 63.77% (TTM) |
| Expense ratio | 1.24% | 1.28% |
| Pays | weekly | weekly |
| Dividends, last 12 months | $24.60 (52 payments) | $4.95 (53 payments) |
| Issuer | YieldMax ETFs | YieldMax ETFs |
| Inception | Feb 29, 2024 | Jan 17, 2024 |
Performance: ULTY vs YMAX
Total return assumes every distribution is reinvested. Switch to price return to see the change in share price alone.
Total Return (%) · dividends reinvested · Sep 25, 2025 – Sep 25, 2026
Overview
Key fund stats as of the latest close.
Total returns
Price change plus dividends paid, by holding period. Best in each period is outlined.
Dividends
Latest payout, trailing 12-month total and the last 12 distributions.
Recent dividend payments
The latest 12 distributions per share for each fund, newest first.
| ULTY | YMAX | ||
|---|---|---|---|
| Sep 23, 2026 | $0.306 | Sep 23, 2026 | $0.060 |
| Sep 16, 2026 | $0.297 | Sep 16, 2026 | $0.058 |
| Sep 9, 2026 | $0.304 | Sep 9, 2026 | $0.060 |
| Sep 2, 2026 | $0.305 | Sep 2, 2026 | $0.060 |
| Aug 26, 2026 | $0.308 | Aug 26, 2026 | $0.059 |
| Aug 19, 2026 | $0.320 | Aug 19, 2026 | $0.060 |
| Aug 12, 2026 | $0.318 | Aug 12, 2026 | $0.061 |
| Aug 5, 2026 | $0.308 | Aug 5, 2026 | $0.059 |
| Jul 29, 2026 | $0.310 | Jul 29, 2026 | $0.057 |
| Jul 22, 2026 | $0.318 | Jul 22, 2026 | $0.069 |
| Jul 15, 2026 | $0.330 | Jul 15, 2026 | $0.073 |
| Jul 8, 2026 | $0.338 | Jul 8, 2026 | $0.071 |
ULTY vs YMAX: common questions
Which pays a higher dividend, ULTY or YMAX?
As of September 25, 2026, ULTY yields 95.52% (trailing 12-month) and YMAX yields 63.77% (trailing 12-month), so ULTY currently pays the higher yield. A higher yield does not guarantee a higher total return.
Which has performed better, ULTY or YMAX?
Over the past year with dividends reinvested, ULTY returned -5.50% and YMAX returned +4.51%. Past performance does not predict future results.
What would $10,000 in ULTY vs YMAX be worth after one year?
With dividends reinvested, $10,000 invested one year before September 25, 2026 would have grown to about $9,450 in ULTY and $10,451 in YMAX.
Which is cheaper to own, ULTY or YMAX?
ULTY has the lower expense ratio at 1.24% a year, compared with 1.28% for YMAX. On $10,000 that is roughly $124 vs $128 a year.
How often do ULTY and YMAX pay dividends?
ULTY pays weekly (52 payments in the last 12 months) and YMAX pays weekly (53 payments).
Is ULTY or YMAX the better investment?
It depends on your goals, time horizon and tax situation. Income-focused investors often weigh yield and payment frequency, while long-term investors usually compare total return and fees. Dividend Duel is an educational tool and does not provide investment advice.
Related comparisons
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Figures come from end-of-day prices and distributions and are recalculated after every trading session; see our methodology. This page is for education only and is not investment advice. Past performance does not guarantee future results. Read the full disclosure.