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PAYR vs ULTY

Federated Hermes Enhanced Income ETF

PAYRACboe

YieldMax Ultra Option Income Strategy ETF

ULTYDNYSE Arca

Overlap

Expense ratio

PAYR −0.90pt a year

PAYR0.40%ULTY1.30%

Avg volume · 30D

ULTY 26.5×the volume

PAYR18.1KULTY480K

PAYR vs ULTY Performance

Oct 31, 2025 – Oct 30, 2026

+25.2%PAYR−14.4%ULTY

Oct 31, 2025 to Oct 30, 2026. PAYR +25.2%. ULTY −14.4%. Use the arrow keys to read each point.−20%0%10%20%Oct 2025Apr 2026Oct 2026
Expense ratio
PAYR 0.40%, better
ULTY 1.30%
Fund size
PAYR $91M
ULTY $589M
1Y total return
PAYR +25.2%, better
ULTY −14.4%
Yield (12M)
PAYR No data
ULTY 102.27%
Holdings
PAYR 58
ULTY 63
Avg volume (30D)
PAYR 18.1K sh
ULTY 480K sh, better
NAV per share
PAYR $56.43
ULTY $21.50
52W range

ETF.net Grade

PAYR: Cost 92, Risk 75, Mission not scored, Tradability 56, Holdings 73, Durability 55. ULTY: Cost 6, Risk 13, Mission not scored, Tradability 70, Holdings 62, Durability 85.
Pillar letters and Scores for PAYR, ULTY, with each pillar’s weight
PillarPAYRULTY
Cost30% weightA92HigherF6
Mission25% weightNot scoredNot scored
Risk15% weightA75HigherF13
Tradability15% weightB56A70Higher
Holdings10% weightA73HigherB62
Durability5% weightB55A85Higher

Rank among Active Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PAYR and ULTY are both graded against the same 50 Active Option Income funds, so their Grades compare head to head.

Active Option Income⁠

Category · 50 funds
See all 50 ›

PAYR ranks 4th and ULTY 37th of 50 funds in the Active Option Income Category.

  1. Rank 1ARECIColumbia Research Enhanced Core Premium Income ETScore 83
  2. Rank 2ATCALT. Rowe Price Capital Appreciation Premium Income ETFScore 80
  3. Rank 2AYLDEFranklin ClearBridge Enhanced Income ETFScore 80
  4. Rank 4APAYRFederated Hermes Enhanced Income ETFScore 76
  5. Rank 4ARDVIFT Vest Rising Dividend Achievers Target Income ETFScore 76
  6. Rank 36DUSOYOil Enhanced Options Income ETFScore 35
  7. Rank 37DULTYYieldMax Ultra Option Income Strategy ETFScore 32
  8. Rank 38DKYLDKurv High Income ETFScore 30

PAYR vs ULTY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PAYR vs ULTY Cost

Overpaying ULTY vs PAYR

$15,279

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PAYR 0.40%

    $8,090

  • ULTY 1.30%

    $23,369

$10,000
30 years

Cost over time

  • PAYR 0.40%
  • ULTY 1.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530ULTY $23,369PAYR $8,090

Year by year

YearPAYRULTYOverpaying
10$723$2,263$1,540
20$2,793$8,393$5,600
30$8,090$23,369$15,279

Expense ratio

  • 0.40%PAYR, cheaper
  • 1.30%ULTY
  • Middle half of Active Option Income funds
  • Median 0.95%

PAYR 5th cheapest of 50 funds

ULTY 47th cheapest of 50 funds

PAYR vs ULTY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PAYR No data
ULTY 102.27%
Payout (12M)
PAYR No data
ULTY $22.04
Last payment
PAYR $0.29
ULTY $0.26
Ex-dividend
PAYR Oct 30, 2026
ULTY Oct 28, 2026
Paid on
PAYR Pays Nov 2, 2026
ULTY Oct 29, 2026
Frequency
PAYR Monthly
ULTY Weekly

Distribution history

Per share, 2026, same scale for both

PAYRMonthly · 10 paymentsAll PAYR payments⁠
One bar per payment. 10 payments in 2026 YTD. Jan 30, 2026 $0.29; Feb 27, 2026 $0.33; Mar 31, 2026 $0.57; Apr 30, 2026 $0.18; May 29, 2026 $0.49; Jun 30, 2026 $0.46; Jul 31, 2026 $0.33; Aug 31, 2026 $0.32; Sep 30, 2026 $0.38; Oct 30, 2026 $0.29. Use the arrow keys to read each point.$0$0.502026YTD
ULTYWeekly · 43 paymentsAll ULTY payments⁠
One bar per payment. 43 payments in 2026 YTD. Jan 7, 2026 $0.47; Jan 14, 2026 $0.52; Jan 21, 2026 $0.51; Jan 28, 2026 $0.50; Feb 4, 2026 $0.45; Feb 11, 2026 $0.45; Feb 18, 2026 $0.44; Feb 25, 2026 $0.48; Mar 4, 2026 $0.48; Mar 11, 2026 $0.42; Mar 18, 2026 $0.41; Mar 25, 2026 $0.43; Apr 1, 2026 $0.37; Apr 8, 2026 $0.42; Apr 15, 2026 $0.40; Apr 22, 2026 $0.44; Apr 29, 2026 $0.40; May 6, 2026 $0.40; May 13, 2026 $0.40; May 20, 2026 $0.39; May 27, 2026 $0.39; Jun 3, 2026 $0.40; Jun 10, 2026 $0.35; Jun 17, 2026 $0.39; Jun 24, 2026 $0.38; Jul 1, 2026 $0.34; Jul 8, 2026 $0.34; Jul 15, 2026 $0.33; Jul 22, 2026 $0.32; Jul 29, 2026 $0.31; Aug 5, 2026 $0.31; Aug 12, 2026 $0.32; Aug 19, 2026 $0.32; Aug 26, 2026 $0.31; Sep 2, 2026 $0.30; Sep 9, 2026 $0.30; Sep 16, 2026 $0.30; Sep 23, 2026 $0.31; Sep 30, 2026 $0.29; Oct 7, 2026 $0.30; Oct 14, 2026 $0.30; Oct 21, 2026 $0.28; Oct 28, 2026 $0.26. Use the arrow keys to read each point.$0$0.502026YTD

PAYR vs ULTY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PAYR 14.6%since Nov 2025ULTY 23.7%since Mar 2024
Return per unit of riskSharpe ratio, 3 years
PAYR 1.36since Nov 2025ULTY −0.19since Mar 2024
Worst fallMax drawdown, 5 years
PAYR −7.0%since Oct 2025ULTY −28.8%since Feb 2024
Market sensitivityBeta, 5 years
PAYR 0.01ULTY 1.45

PAYR and ULTY in the news

All news⁠

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