ULTYvsPWBETF Comparison
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YieldMax Ultra Option Income Strategy ETF (ULTY) belongs to the Options Strategies segment. Invesco Dynamic Large Cap Growth ETF (PWB) is part of the US Large Cap Growth segment. ULTY's top 3 sector exposures are Technology, Industrials and Finance. In contrast, PWB's top sector exposures are Technology, Industrials and Consumer Non-Cyclicals. ULTY is more expensive with a Total Expense Ratio (TER) of 1.4%, versus 0.55% for PWB. ULTY is up 6.05% year-to-date (YTD) with -$83M in YTD flows. PWB performs better with 26.16% YTD performance, and +$585M in YTD flows. Run a side-by-side ETF comparison of ULTY and PWB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ULTY vs PWB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/05/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ULTY PWB | -1.73%-0.57% | -0.48%+7.39% | +6.05%+26.16% | -7.96%+35.98% | n/a+127.04% | n/a+109.40% |
| Flows | ULTY PWB | -$59M+$135M | +$39M+$322M | -$83M+$585M | -$429M+$688M | -+$815M | -+$695M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ULTY PWB | +23.76%+33.03% | +22.39%+23.55% | n/a+20.98% | n/a+22.06% |
| Max drawdown | ULTY PWB | -11.15%-13.90% | -24.27%-13.90% | n/a-22.20% | n/a-31.51% |
| Max drawdown duration | ULTY PWB | 64d36d | 300d36d | n/a101d | n/a757d |
Trading data
ULTY | PWB | |
Last sale 8/6/2026 at 2:09 PM | $26.86 | $159.71 |
| Previous close 08/05/2026 | $26.77 | $160.53 |
| Consolidated volume 08/05/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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ULTY
is actively managed and doesn’t replicate an indexULTY | PWB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 8/6/2026 at 2:09 PM
Live
Closed
ULTY | PWB | |
|---|---|---|
| Last price | $26.86 | $159.71 |
| 1D performance | +0.32% | -0.51% |
| AuM | $752.77 M | $2.43 B |
| E/R | 1.4% | 0.55% |
Characteristics
ULTY | PWB | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | YieldMax ETFs | Invesco |
| Benchmark | - | Dynamic Large Cap Growth Intellidex Index |
| N° of holdings | 107 | 50 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 29, 2024 | March 3, 2005 |
| ESG | No | No |
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Exposure
Countries
ULTY
USA
79.81%
Other
20.19%
PWB
USA
97.25%
Other
2.75%
Sectors
ULTY
Technology
49.67%
Industrials
12.81%
Finance
11.96%
Consumer Non-Cycl.
10.63%
Other
14.93%
PWB
Technology
55.3%
Industrials
19.05%
Consumer Non-Cycl.
10.29%
Finance
8.2%
Other
7.16%
Diversification
ULTY
Total weight of top 15 holdings out of 15
65.04%
PWB
Total weight of top 15 holdings out of 15
49.96%
Top 15 holdings
Data as of June 30, 2026
ULTY
Lam Research Corp.
5.30%
Fortinet, Inc.
4.97%
Astera Labs, Inc.
4.93%
Advanced Micro Devices, Inc.
4.90%
Robinhood Markets, Inc.
4.70%
Caterpillar, Inc.
4.46%
Comfort Systems USA, Inc.
4.25%
Coherent Corp.
4.23%
Quanta Services, Inc.
4.10%
Amazon.com, Inc.
4.00%
Analog Devices, Inc.
3.99%
Lumentum Holdings, Inc.
3.93%
MercadoLibre, Inc.
3.84%
IREN Ltd.
3.78%
NVIDIA Corp.
3.66%
PWB
Applied Materials, Inc.
4.56%
Micron Technology, Inc.
4.18%
Lam Research Corp.
3.89%
Caterpillar, Inc.
3.63%
Advanced Micro Devices, Inc.
3.43%
Visa, Inc.
3.41%
Mastercard, Inc.
3.35%
Costco Wholesale Corp.
3.14%
Apple, Inc.
3.05%
Meta Platforms, Inc.
2.97%
NVIDIA Corp.
2.97%
Amazon.com, Inc.
2.90%
Alphabet, Inc.
2.87%
Broadcom Inc.
2.86%
Palantir Technologies, Inc.
2.74%
Frequently asked questions about ULTY and PWB
How have the ULTY and PWB ETFs performed in 2026?
As of August 5, 2026, ULTY is up 6.05% year-to-date (YTD), while PWB has returned 26.16%. That puts PWB better performer ahead so far this year.
Which ETF is attracting more investor money: ULTY or PWB?
Year-to-date, the ULTY ETF saw -$83M in flows, compared to +$585M for PWB.
Which ETF is more volatile: ULTY or PWB?
Over the past year, ULTY had a volatility of 22.39%, while PWB experienced 23.55%.
Which ETF is bigger: ULTY or PWB?
As of August 5, 2026, ULTY holds $752.77 M in assets under management (AUM), while PWB manages $2.43 B.
What sectors do the ULTY and PWB ETFs invest in?
ULTY leans toward sectors like Technology, Industrials and Finance. Meanwhile, PWB focuses on Technology, Industrials and Consumer Non-Cyclicals.
What are the top holdings of the ULTY ETF and PWB ETF?
ULTY top holdings include Lam Research Corp., Fortinet, Inc. and Astera Labs, Inc.. PWB holds in its top three: Applied Materials, Inc., Micron Technology, Inc. and Lam Research Corp..
Which ETF is more diversified: ULTY or PWB?
ULTY holds 108 securities with 65.04% of its assets in the top 15. PWB has 50 securities and a top 15 weight of 49.96%.
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Latest news about ULTY & PWB
Ask the Manager: Mike Khouw on How YieldMax Designs Its Income Engine
January 30, 2026
ULTY
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