ULTY vs XDTE: Performance, Holdings, Fees & Risk
ULTY and XDTE are ETFs, but they can differ materially in exposure, yield, fees and risk. ULTY is YieldMax Ultra Option Income Strategy ETF, while XDTE is Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF. ULTY is broader by holdings count, with 101 positions versus 4 for XDTE. XDTE has the lower expense ratio. Current AlgovestIQ evidence has XDTE ahead on AIQ Score, 44 versus 40.
What is the main difference between ULTY and XDTE?
ULTY holds 101 positions to XDTE's 4, and 0% of their weight is in the same securities.
| Metric | ULTY | XDTE |
|---|---|---|
| Fund | ||
| Expense ratio | 1.4% | 0.97% |
| Holdings | 101 | 4 |
| Distribution yieldTrailing 12 months | 100.1% | 30.24% |
| Average volume | 476,098 | 156,181 |
| Performance | ||
| 1Y return | -55.9% | -14.1% |
| YTD return | -39.2% | -5.2% |
| Risk | ||
| Annualized volatility | 24.1% | 13.8% |
| Max drawdown (1Y) | -55.3% | -19.6% |
| Beta | 1.41 | 0.94 |
| Sharpe ratio | -3.28 | -1.30 |
| Sortino ratio | -4.84 | -1.54 |
| AlgovestIQ | ||
| AIQ Score | 40/100 | 44/100 |
| AIQ Edge Score | 2/10 | 3/10 |
| Momentum | 24/100 | 27/100 |
| Risk Resilience | 56/100 | 85/100 |
AlgovestIQ AIQ Comparison
YieldMax Ultra Option Income Strategy ETF vs Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
XDTE leads
XDTE leads by 4 AIQ points, primarily on Risk Resilience and Value.
Competitive: 4 of 4 evidence groups support XDTE.
YieldMax Ultra Option Income Strategy ETF
Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF
The Algovestiq AIQ Score currently favors XDTE over ULTY, 44 versus 40 as of Oct 24, 2026. XDTE's advantage is driven primarily by stronger risk resilience and value, while ULTY holds the stronger quality profile. XDTE also shows the stronger technical structure relative to its 50-day moving average. 4 of 4 covered evidence groups favor XDTE today, and the comparison is rated Competitive on stability: the AIQ gap is narrow at 4 points. XDTE lead: Stable — the AIQ differential has held near 4 points over 30 sessions.
Compare YieldMax Ultra Option Income Strategy ETF and Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
ULTY vs XDTE: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | ULTY | XDTE | Fits |
|---|---|---|---|
| Lower costExpense ratio | 1.4% | 0.97% | XDTE |
| Broader diversificationNumber of holdings | 101 | 4 | ULTY |
| Higher incomeTrailing 12-month distribution yield | 100.1% | 30.24% | ULTY |
| Smaller drawdownsMax drawdown, 1 year | -55.3% | -19.6% | XDTE |
| Lower volatilityAnnualized volatility, 1 year | 24.1% | 13.8% | XDTE |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare ULTY and XDTE against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Risk Resilience56 vs 85XDTE +29
- Quality50 vs 41ULTY +9
- Value35 vs 39XDTE +4
- Momentum24 vs 27Even
4 of 4 evidence groups favor XDTE. XDTE’s edge is concentrated in risk resilience and value; ULTY keeps a meaningful quality edge.
What changed since the last close
Latest scored session 2026-10-23, compared against the prior scored session 2026-10-22.
Largest factor move: Value +2
No signal started or stopped since the prior session; its 7 active signals are unchanged.
Largest factor move: Momentum -5, not enough on its own to move the overall score.
New signals
- Keltner Channel Breakdown — bearish, volatility, short horizon
XDTE's lead narrowed by 1 AIQ point in the latest session.
Deeper signal detail for each name lives on its own signals page — ULTY and XDTE both carry a full feed there.
The central trade-off
XDTE (Roundhill Investments - S&P 500 0DTE Covered Call Strategy ETF): the stronger current systematic profile, led by risk resilience and value.
ULTY (YieldMax Ultra Option Income Strategy ETF): the counter-case, on quality — but at materially higher volatility, 23.6% against 10%.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | ULTY | XDTE | Why it matters |
|---|---|---|---|
| Expense ratio | 1.4% | 0.97% | Lower is better — it compounds against you every year you hold. |
| Holdings | 101 | 4 | More holdings means broader diversification, not better returns. |
| Average volume | 476,098 | 156,181 | Liquidity — matters most if you trade size. |
| Annualized volatility | 24.1% | 13.8% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -55.3% | -19.6% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -3.28 | -1.30 | Return per unit of risk. Higher is better. |
| Beta | 1.41 | 0.94 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
Where the exposure actually sits
Sector exposure for each fund, ordered by the size of the difference.
How much of the same holdings they own
ULTY and XDTE share 0% of their weighted exposure across 0 common holdings.
28 holdings are unique to ULTY, and 3 holdings are unique to XDTE. Owning both is genuinely additive — most of the capital sits in different securities.
What ULTY adds that XDTE doesn’t
| Holding | ULTY | XDTE |
|---|---|---|
| MELIMercadoLibre Inc | 4.94% | Not held |
| AMDAdvanced Micro Devices Inc | 4.49% | Not held |
| LITELumentum Holdings Inc | 4.42% | Not held |
| FIXComfort Systems USA Inc | 4.4% | Not held |
| LRCXLam Research Corp | 4.19% | Not held |
| GOOGLAlphabet Inc | 3.96% | Not held |
What XDTE adds that ULTY doesn’t
| Holding | XDTE | ULTY |
|---|---|---|
| 4SPX 270319C00678800SPX 03/19/2027 678.8 C | 66.25% | Not held |
| 4SPX 270611C00678800SPX 06/11/2027 678.8 C | 24.61% | Not held |
| WEEKRoundhill Weekly T-Bill ETF | 7.22% | Not held |
Each list is a fund’s largest positions by weight that the other fund does not hold, or holds at less than half the weight.
ULTY vs XDTE: five-year payout growth
ULTY began paying distributions in 2024, so it has no 2020-2025 growth rate to compare. XDTE began paying distributions in 2024, so it has no 2020-2025 growth rate to compare.
| Dividend metric | ULTY | XDTE |
|---|---|---|
| 2025 annual payout | $53.014 | $15.536 |
| Peer rank | not ranked | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
4 of 4 covered evidence groups favor XDTE. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | XDTE | 40 vs 44 |
| Fundamentals | Not covered | Not covered |
| Valuation | XDTE | Value 35 vs 39 |
| Technicals | XDTE | Price vs 50-day -11.6% vs -2.4%; vs 200-day -25% vs -3.2% |
| Risk Resilience | XDTE | Risk Resilience 56 vs 85 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of ULTY and XDTE and are excluded from the count.
AIQ Decision Stability
The two are close enough that your objective, not the score, should decide.
- The AIQ gap is narrow at 4 points. (argues the conclusion is provisional)
- 4 of 4 covered evidence groups point the same way. (supports the conclusion holding)
- The lead has been steady session to session. (supports the conclusion holding)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on XDTE.
How the comparison changed
48 daily snapshots · Sep 6 – Oct 23XDTE lead: Stable — the AIQ differential has held near 4 points over 30 sessions.
- Today
- XDTE +4
- 40 vs 44
- 7 sessions ago
- XDTE +6
- 40 vs 46
- 30 sessions ago
- XDTE +3
- 45 vs 48
- 90 sessions ago
- Not covered
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
1 bullish / 5 bearish / 1 neutral, conflicted
Only ULTY
- RSI Oversold - Potential Bounce — bullish, momentum, short horizon
- 52-Week Low Proximity — bearish, risk, long horizon (0.0%)
0 bullish / 4 bearish / 2 neutral
Only XDTE
- ATR Contraction - Coiling — neutral, volatility, short horizon (0.84%)
Both carry 5 more signals that do not separate them: Bollinger Band Squeeze, Death Cross Active, Keltner Channel Breakdown, Downtrend Structure Active, MACD Bearish Crossover.
ULTY is conflicted, so the timing case there is weaker than the score alone suggests.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Price is down while the AIQ Score moved up 1 points over the same session — price and model disagree (price -0.35%, AIQ +1 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price -0.34%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1ULTY closes the Risk Resilience gap — currently 29 points behind, the largest single contributor to XDTE's edge.
- 2ULTY's Death Cross Active resolves — a bearish trend rule currently active against it.
- 3XDTE starts generating bearish momentum or trend signals.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Performance
XDTE leads 6 of 6 windows| Metric | ULTY | XDTE |
|---|---|---|
| 1 week (5 sessions) | -4.2% | -0.6% |
| 1 month (20 sessions) | -12.2% | -2.4% |
| 3 months (63 sessions) | -15.2% | -1.8% |
| 6 months (126 sessions) | -29.5% | -3.6% |
| Year to date | -39.2% | -5.2% |
| 1 year (252 sessions) | -55.9% | -14.1% |
Technicals
XDTE has the stronger structure| Metric | ULTY | XDTE |
|---|---|---|
| RSI (14) | 13.1 | 32.3 |
| ADX (14) | 40.4 | 24.1 |
| Price vs 50-day | -11.6% | -2.4% |
| Price vs 200-day | -25% | -3.2% |
| Volatility (1M, annualized) | 23.6% | 10% |
Risk
XDTE is the more resilient| Metric | ULTY | XDTE |
|---|---|---|
| Beta | 1.41 | 0.94 |
| Sharpe ratio | -3.28 | -1.3 |
| Sortino ratio | -4.84 | -1.54 |
| Max drawdown | -55.3% | -19.6% |
| Current drawdown | -55.3% | -16% |
| Annualized volatility | 24.1% | 13.8% |
| Value at risk (95%) | -3.1% | -1.5% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
What is the difference between ULTY and XDTE?
ULTY holds 101 positions to XDTE's 4, and 0% of their weight is in the same securities.
How much do ULTY and XDTE overlap?
ULTY and XDTE share 0% of their weighted exposure across 0 common holdings. 28 holdings are unique to ULTY, and 3 holdings are unique to XDTE. Owning both is genuinely additive — most of the capital sits in different securities.
Which ETF is more diversified, ULTY or XDTE?
ULTY holds more positions: 101 versus 4 for XDTE.
Which has the lower expense ratio?
XDTE has the lower expense ratio, 0.97% a year against 1.4% for ULTY.
Which ETF has the higher distribution yield?
ULTY, with a trailing 12-month distribution yield of 100.1% against 30.24% for XDTE.
Which ETF has been more volatile?
ULTY has been more volatile over the past year, at 24.1% annualized against 13.8% for XDTE.
Which ETF has had the smaller drawdown?
XDTE fell less from peak to trough over the past year: -19.6% against -55.3% for ULTY.
Compare ULTY and XDTE with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.