Dividend comparison
ULTY vs YMAG: Which Is Better for Income?
Fees, yield, total returns, drawdowns, holdings overlap and dividend history for YieldMax Ultra Option Income Strategy ETF and YieldMax Magnificent 7 Fund of Option Income ETF, side by side. Updated October 21, 2026.
ULTY vs YMAG: key differences
The short answer, from the latest data on this page.
- Fees. YMAG is cheaper at 1.34% a year versus 1.40% for ULTY. On $10,000 that is $6 a year less in fees.
- Income. ULTY pays more income, yielding 98.01% over the last twelve months versus 47.87% for YMAG. That is about $5,015 more a year on $10,000. ULTY pays weekly, YMAG pays monthly.
- Performance. Over the last 1 year, ULTY returned -8.8% versus -23.6% for YMAG, with dividends reinvested. $10,000 would have grown to $9,116 in ULTY and $7,639 in YMAG.
- Risk. Their worst declines over the last 1 year were similar: -28.3% for ULTY and -28.8% for YMAG from peak to trough.
- Diversification. ULTY holds 112 positions and YMAG holds 9. The ten largest positions make up 43.9% of ULTY and 99.1% of YMAG.
- Overlap. ULTY and YMAG share no holdings, so they behave as separate building blocks.
- Size. ULTY is the larger fund with $654 million in assets, against $286 million for YMAG.
Bottom line: ULTY fits better if you care most about more income today, stronger 1-year returns and broader diversification. YMAG 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 | YMAG YieldMax Magnificent 7 Fund of Option Income ETF |
|---|---|---|
| Dividend yield (TTM) | 98.01% | 47.87% |
| Dividend / share (TTM) | $23.25 | $5.34 |
| Payout frequency | Weekly | Monthly |
| Last dividend | $0.2955 on Oct 15, 2026 | $0.0768 on Oct 15, 2026 |
| Ex-dividend date | Oct 14, 2026 | Oct 14, 2026 |
| Next payment | $0.2772 on Oct 22, 2026 | $0.0766 on Oct 22, 2026 |
| Price | $23.72 | $11.16 |
| Beta | 1.45 | 1.08 |
| Max drawdown (5Y) | -28.3% | -28.8% |
| Market cap | $1.53B | $285.8M |
| Exchange | AMEX | AMEX |
| Expense ratio | 1.40% | 1.34% |
| Assets under management | $653.5M | $286.0M |
| Number of holdings | 112 | 9 |
| Top 10 concentration | 43.9% | 99.1% |
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
YMAG
$398.89/mo
$4787 /yr at 47.87% yield
Dividend history
Total dividends paid per share in each calendar year. ULTY pays weekly; YMAG pays monthly.
| Year | ULTY | YMAG |
|---|---|---|
| 2025 | $52.6126 | $7.4382 |
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 $11,250 in YMAG.
| Period | ULTY | YMAG |
|---|---|---|
| 1 month | -3.73% | -1.33% |
| 3 months | 1.32% | -3.88% |
| Year to date | 5.89% | -21.57% |
| 1 year | -8.84% | -23.61% |
| 3 years | — | — |
| 5 years | — | — |
- ULTY
- YMAG
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
- YMAG
ULTY vs YMAG holdings overlap
0% overlap by weight, with 0 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Top 10 holdings
Largest positions by portfolio weight.
ULTY112 holdings total
YMAG9 holdings total
| Name | Weight |
|---|---|
| MSFOYieldMax MSFT Option Income Strategy ETF | 14.63% |
| AMZYYieldMax Amzn Option Income ETF | 14.32% |
| APLYYieldMax AAPL Option Income Strategy ETF | 14.30% |
| FBYYieldMax Meta Option Income Strategy ETF | 14.17% |
| GOOYYieldMax GOOGL Option Income Strategy ETF | 13.96% |
| NVDYYieldMax NVDA Option Income Strategy ETF | 13.91% |
| TSLYYieldMax Tsla Option Income ETF | 13.79% |
Quick verdict
ULTY fits better if you care most about more income today, stronger 1-year returns and broader diversification. YMAG 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 YMAG fits with the rest of your holdings. Free to start — no credit card required for the trial.
Frequently asked questions
Is ULTY or YMAG better for dividend income?
It depends on your goals. ULTY currently yields 98.01% Trailing Twelve Months (TTM) while YMAG yields 47.87%. 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 YMAG?
YieldMax Ultra Option Income Strategy ETF (ULTY) is an ETF listed on AMEX. YieldMax Magnificent 7 Fund of Option Income ETF (YMAG) 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 YMAG?
YMAG has the lower expense ratio. ULTY charges 1.40% a year and YMAG charges 1.34%, a difference of $6 a year on a $10,000 investment.
Which has performed better, ULTY or YMAG?
Over the last 1 year, ULTY has the higher total return with dividends reinvested: ULTY returned -8.8% and YMAG returned -23.6%. Past performance does not predict future returns.
Which is riskier, ULTY or YMAG?
Measured by the worst peak-to-trough decline over the last five years, YMAG has been riskier: ULTY fell as much as 28.3% and YMAG as much as 28.8%. Their betas are 1.45 and 1.08.
How often do ULTY and YMAG pay dividends?
ULTY pays weekly and YMAG pays monthly.
How much income does $10,000 in ULTY vs YMAG generate?
At current TTM yields, $10,000 in ULTY would generate roughly $816.79 per month ($9801 annually). The same amount in YMAG would produce about $398.89 per month ($4787 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both ULTY and YMAG?
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 YMAG with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how ULTY and YMAG 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.