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ULTY vs YLDE

YieldMax Ultra Option Income Strategy ETF

ULTYDNYSE Arca

Franklin ClearBridge Enhanced Income ETF

YLDEANasdaq

Overlap

Expense ratio

YLDE −0.82pt a year

ULTY1.30%YLDE0.48%

Avg volume · 30D

ULTY 37.3×the volume

ULTY480KYLDE12.9K

ULTY vs YLDE Performance

Oct 31, 2025 – Oct 30, 2026

−14.4%ULTY+16.1%YLDE

Oct 31, 2025 to Oct 30, 2026. ULTY −14.4%. YLDE +16.1%. Use the arrow keys to read each point.−20%−10%0%10%Oct 2025Apr 2026Oct 2026
Expense ratio
ULTY 1.30%
YLDE 0.48%, better
Fund size
ULTY $589M
YLDE $181M
1Y total return
ULTY −14.4%
YLDE +16.1%, better
Yield (12M)
ULTY 102.27%, better
YLDE 7.23%
Holdings
ULTY 63
YLDE 50
Avg volume (30D)
ULTY 480K sh, better
YLDE 12.9K sh
NAV per share
ULTY $21.50
YLDE $57.43
52W range

ETF.net Grade

ULTY: Cost 6, Risk 13, Mission not scored, Tradability 70, Holdings 62, Durability 85. YLDE: Cost 86, Risk 68, Mission not scored, Tradability 77, Holdings 84, Durability 90.
Pillar letters and Scores for ULTY, YLDE, with each pillar’s weight
PillarULTYYLDE
Cost30% weightF6A86Higher
Mission25% weightNot scoredNot scored
Risk15% weightF13B68Higher
Tradability15% weightA70A77Higher
Holdings10% weightB62A84Higher
Durability5% weightA85A90Higher

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. ULTY and YLDE 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 ›

YLDE ranks 2nd 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 36DUSOYOil Enhanced Options Income ETFScore 35
  6. Rank 37DULTYYieldMax Ultra Option Income Strategy ETFScore 32
  7. Rank 38DKYLDKurv High Income ETFScore 30

Our read on each fund

ETF.net Research

ULTYDYieldMax Ultra Option Income Strategy ETF

YLDEAFranklin ClearBridge Enhanced Income ETF

In short

ULTY No data

YLDE A 2017 ClearBridge dividend portfolio that had an income engine bolted on in 2025: about 50 large-cap dividend payers, with index calls sold on top for premium. Pays monthly, charges 0.48%, no waiver, below the category median.

Stated mandate

ULTY No data

YLDE The Fund seeks income and long-term capital appreciation through an actively managed enhanced equity-income strategy. It primarily invests in dividend-paying equities and writes U.S. exchange-traded calls on U.S. large-cap equity indices to enhance income.

Why people hold it

ULTY No data

  • YLDE The overlay sits on top of the stock picks, not inside them. Calls are written on U.S. large-cap indices such as the S&P 500, so no single holding has its own upside sold away.franklintempleton.com
  • 0.48% with no fee waiver propping it up, below the median for active overlay funds. Cheaper than RDVI at 0.75%, though index-built rivals RECI (0.30%) and TCAL (0.34%) go lower.
  • Two desks, two jobs: ClearBridge runs the roughly 50-stock dividend sleeve, while a separate options manager handles the call writing, an arrangement spelled out in the fund's filings.sec.gov
  • Income arrives monthly and comes from two places, dividends from the equity sleeve plus premium from written calls, rather than from reaching for the highest-yielding names.franklintempleton.com

Worth knowing

ULTY No data

  • YLDE The ticker dates to 2017, but it spent most of that life as a dividend ESG fund. The enhanced-income objective, options overlay and dividend policy changed on February 28, 2025.franklintempleton.com
  • Selling index calls trades away part of a sharp market rally for premium collected up front, and that premium offsets losses only as far as it goes in a steep decline.franklintempleton.com
  • A thinly traded fund with a smaller asset base than the category's giants, which can mean wider bid/ask spreads than the headline names in derivative income.

Full ULTY profile⁠

Full YLDE profile⁠

ULTY vs YLDE 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.

ULTY vs YLDE Cost

Overpaying ULTY vs YLDE

$13,764

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

  • ULTY 1.30%

    $23,369

  • YLDE 0.48%

    $9,605

$10,000
30 years

Cost over time

  • ULTY 1.30%
  • YLDE 0.48%
  • 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 $23,369YLDE $9,605

Year by year

YearULTYYLDEOverpaying
10$2,263$865$1,398
20$8,393$3,328$5,065
30$23,369$9,605$13,764

Expense ratio

  • 1.30%ULTY
  • 0.48%YLDE, cheaper
  • Middle half of Active Option Income funds
  • Median 0.95%

YLDE 8th cheapest of 50 funds

ULTY 47th cheapest of 50 funds

ULTY vs YLDE Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ULTY 102.27%, better
YLDE 7.23%
Payout (12M)
ULTY $22.04
YLDE $4.15
Last payment
ULTY $0.26
YLDE $0.31
Ex-dividend
ULTY Oct 28, 2026
YLDE Oct 1, 2026
Paid on
ULTY Oct 29, 2026
YLDE Oct 6, 2026
Frequency
ULTY Weekly
YLDE Monthly

Distribution history

Per share, 2026, same scale for both

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
YLDEMonthly · 9 paymentsAll YLDE payments⁠
One bar per payment. 9 payments in 2026 YTD. Feb 2, 2026 $0.27; Mar 2, 2026 $0.28; Apr 1, 2026 $0.30; May 1, 2026 $0.31; Jun 1, 2026 $0.31; Jul 1, 2026 $0.32; Aug 3, 2026 $0.64; Sep 1, 2026 $0.32; Oct 1, 2026 $0.31. Use the arrow keys to read each point.$0$0.502026YTD

ULTY vs YLDE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ULTY 23.7%since Mar 2024YLDE 10.3%
Return per unit of riskSharpe ratio, 3 years
ULTY −0.19since Mar 2024YLDE 1.24
Worst fallMax drawdown, 5 years
ULTY −28.8%since Feb 2024YLDE −20.2%
Market sensitivityBeta, 5 years
ULTY 1.45YLDE 0.60

ULTY and YLDE in the news

All news⁠

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