Dividend comparison
ULTY vs TSLY: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for YieldMax Ultra Option Income Strategy ETF and YieldMax TSLA Option Income Strategy ETF, side by side. Updated October 21, 2026.
ULTY vs TSLY: key differences
The short answer, from the latest data on this page.
- Fees. TSLY is cheaper at 1.07% a year versus 1.40% for ULTY. On $10,000 that is $33 a year less in fees.
- Income. ULTY pays more income, yielding 98.01% over the last twelve months versus 81.23% for TSLY. That is about $1,678 more a year on $10,000. ULTY pays weekly, TSLY pays monthly.
- Performance. Over the last 1 year, ULTY returned -8.8% versus -10.5% for TSLY, with dividends reinvested. $10,000 would have grown to $9,116 in ULTY and $8,951 in TSLY.
- Risk. TSLY has been the bumpier ride. Its worst peak-to-trough decline over the last 1 year was -49.5%, against -28.3% for ULTY.
- Diversification. ULTY holds 112 positions and TSLY holds 10.
Bottom line: ULTY fits better if you care most about more income today, smaller drawdowns and broader diversification. TSLY fits better if you care most about lower fees.
Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
| Metric | ULTY YieldMax Ultra Option Income Strategy ETF | TSLY YieldMax TSLA Option Income Strategy ETF |
|---|---|---|
| Dividend yield (TTM) | 98.01% | 81.23% |
| Dividend / share (TTM) | $23.25 | $17.67 |
| Payout frequency | Weekly | Monthly |
| Last dividend | $0.2955 on Oct 15, 2026 | $0.2063 on Oct 16, 2026 |
| Ex-dividend date | Oct 14, 2026 | Oct 15, 2026 |
| Next payment | $0.2772 on Oct 22, 2026 | — |
| Price | $23.72 | $21.75 |
| Beta | 1.45 | 1.43 |
| Max drawdown (5Y) | -28.3% | -49.5% |
| Market cap | $1.53B | $468.5M |
| Exchange | AMEX | AMEX |
| Expense ratio | 1.40% | 1.07% |
| Assets under management | $653.5M | $660.0M |
| Number of holdings | 112 | 10 |
| Top 10 concentration | 43.9% | — |
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.
ULTY
$816.79/mo
$9801 /yr at 98.01% yield
TSLY
$676.94/mo
$8123 /yr at 81.23% yield
Dividend history
Total dividends paid per share in each calendar year. ULTY pays weekly; TSLY pays monthly.
| Year | ULTY | TSLY |
|---|---|---|
| 2025 | $52.6126 | $34.2314 |
| 2024 | — | $55.4491 |
Strategy: Single-stock option income
Funds that hold synthetic exposure to one stock, or a basket of them, and sell call options against it every week or month to pay very large distributions. The payout comes from option premium, which is high because the underlying stocks are volatile. When the stock rallies hard, the fund keeps only a slice of the gain; when it falls, the fund takes most of the loss.
Distributions can include return of capital and the share price tends to erode over time, so the headline yield overstates what the investor actually keeps.
Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Feb 29, 2024 would now be worth $9,137 in ULTY and $12,550 in TSLY.
| Period | ULTY | TSLY |
|---|---|---|
| 1 month | -3.73% | 1.45% |
| 3 months | 1.32% | -1.63% |
| Year to date | 5.89% | -12.44% |
| 1 year | -8.84% | -10.49% |
| 3 years | — | 24.86% |
| 5 years | — | — |
- ULTY
- TSLY
Both series indexed to 100 on 2024-02-29 using the adjusted closing price series. Past performance does not guarantee future results.
Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
- ULTY
- TSLY
Top 10 holdings
Largest positions by portfolio weight.
ULTY112 holdings total
Quick verdict
ULTY fits better if you care most about more income today, smaller drawdowns and broader diversification. TSLY fits better if you care most about lower fees. Model the holding inside your real portfolio before deciding.
Still deciding? Compare them in your portfolio
Forecast dividend income, track payouts, and see how ULTY vs TSLY fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is ULTY or TSLY better for dividend income?
It depends on your goals. ULTY currently yields 98.01% Trailing Twelve Months (TTM) while TSLY yields 81.23%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between ULTY and TSLY?
YieldMax Ultra Option Income Strategy ETF (ULTY) is an ETF listed on AMEX. YieldMax TSLA Option Income Strategy ETF (TSLY) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, ULTY or TSLY?
TSLY has the lower expense ratio. ULTY charges 1.40% a year and TSLY charges 1.07%, a difference of $33 a year on a $10,000 investment.
Which has performed better, ULTY or TSLY?
Over the last 1 year, ULTY has the higher total return with dividends reinvested: ULTY returned -8.8% and TSLY returned -10.5%. Past performance does not predict future returns.
Which is riskier, ULTY or TSLY?
Measured by the worst peak-to-trough decline over the last five years, TSLY has been riskier: ULTY fell as much as 28.3% and TSLY as much as 49.5%. Their betas are 1.45 and 1.43.
How often do ULTY and TSLY pay dividends?
ULTY pays weekly and TSLY pays monthly.
How much income does $10,000 in ULTY vs TSLY generate?
At current TTM yields, $10,000 in ULTY would generate roughly $816.79 per month ($9801 annually). The same amount in TSLY would produce about $676.94 per month ($8123 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both ULTY and TSLY?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare ULTY vs TSLY with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how ULTY and TSLY fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.
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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.