BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

ULTYvsQOWZETF Comparison

ETF 1

ULTY

YieldMax Ultra Option Income Strategy ETF

This fund is part of

Options Strategies

-0.03%

Full ULTY fund page

VS

ETF 2

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

This fund is part of

US Multi-Factor

-0.05%

Full QOWZ fund page

YieldMax Ultra Option Income Strategy ETF (ULTY) belongs to the Options Strategies segment. Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) is part of the US Multi-Factor segment. ULTY's top 3 sector exposures are Information Technology, Materials and Industrials. In contrast, QOWZ's top sector exposures are Information Technology, Industrials and Health Care. ULTY is more expensive with a Total Expense Ratio (TER) of 1.4%, versus 0.39% for QOWZ. ULTY is up 2.54% year-to-date (YTD) with -$120M in YTD flows. QOWZ performs worse with -6.67% YTD performance, and +$8K in YTD flows. Run a side-by-side ETF comparison of ULTY and QOWZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

ULTY vs QOWZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	ULTY QOWZ	+11.10%+8.43%	-0.86%-5.60%	+2.54%-6.67%	+14.04%+7.30%	n/an/a	n/an/a
Flows	ULTY QOWZ	-$40M-	-$202M+$8K	-$120M+$8K	+$2.03B-$2M	--	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	ULTY QOWZ	+25.99%+18.65%	+21.58%+15.32%	n/an/a	n/an/a
Max drawdown	ULTY QOWZ	-12.66%-13.60%	-24.27%-17.83%	n/an/a	n/an/a
Max drawdown duration	ULTY QOWZ	57d90d	202d183d	n/an/a	n/an/a

Trading data

Create an account to view trading data

Join for free

	ULTY	QOWZ
Last sale 4/30/2026 at 1:56 PM	$31.00	$33.28
Previous close 04/29/2026	$30.71	$33.41
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

ULTY

is actively managed and doesn’t replicate an index

Create an account to view replication quality

Join for free

	ULTY	QOWZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/30/2026 at 1:56 PM

Live

Closed

	ULTY	QOWZ
Last price	$31.00	$33.28
1D performance	+0.94%	-0.40%
AuM	$836.84 M	$13.36 M
E/R	1.4%	0.39%

Characteristics

	ULTY	QOWZ
Management strategy	Active	Passive
Provider	YieldMax ETFs	Invesco
Benchmark	-	Nasdaq US Free Cash Flow Achievers Index
N° of holdings	77	50
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	February 29, 2024	December 5, 2023
ESG	No	No

More ULTY data on Trackinsight

More QOWZ data on Trackinsight

Exposure

Countries

ULTY

USA

85.17%

Other

14.83%

QOWZ

USA

100%

Other

0%

Sectors

ULTY

Information Techn.

44.95%

Materials

10.34%

Industrials

9.22%

Communication Ser.

8.16%

Other

27.33%

QOWZ

Information Techn.

59.02%

Industrials

16.09%

Health Care

11.48%

Communication Ser.

8.26%

Other

5.16%

Diversification

ULTY

Total weight of top 15 holdings out of 15

65.41%

QOWZ

Total weight of top 15 holdings out of 15

57.47%

Top 15 holdings

Data as of March 31, 2026

ULTY

MICROSTRATEGY

5.57%

ALPHABET INC-CL

5.38%

NVIDIA

5.22%

JABIL CIRCUIT

5.04%

US5128073062

4.96%

ANALOG DEVICES

4.70%

LUMENTUM HOLDINGS

4.68%

PALANTIR TECHNOLOGIES

4.43%

CIENA

4.35%

AMAZON.COM INC

3.98%

QUANTA SERVICES

3.69%

ROBINHOOD MARKETS

3.49%

FORTINET

3.39%

IRIS ENERGY LTD

3.39%

US19247G1076

3.14%

QOWZ

NVIDIA

10.36%

BROADCOM LIMITED

7.04%

META PLATFORMS

5.92%

MASTERCARD

4.53%

KLA CORPORATION

3.38%

THERMO FISHER SCIENTIFIC

3.21%

SALESFORCE INC

3.17%

INTUIT

2.95%

SERVICENOW

2.67%

ADOBE INC

2.55%

AUTOMATIC DATA PROCESSING

2.47%

WARNER BROS. DISCOVERY

2.34%

CADENCE DESIGN SYSTEMS

2.34%

REPUBLIC SVCS

2.31%

FORTINET

2.26%

Frequently asked questions about ULTY and QOWZ

How have the ULTY and QOWZ ETFs performed in 2026?

As of April 29, 2026, ULTY is up 2.54% year-to-date (YTD), while QOWZ has lost -6.67%. That puts ULTY better performer ahead so far this year.

Which ETF is attracting more investor money: ULTY or QOWZ?

Year-to-date, the ULTY ETF saw -$120M in flows, compared to +$8K for QOWZ.

Which ETF is more volatile: ULTY or QOWZ?

Over the past year, ULTY had a volatility of 21.58%, while QOWZ experienced 15.32%.

Which ETF is bigger: ULTY or QOWZ?

As of April 29, 2026, ULTY holds $836.84 M in assets under management (AUM), while QOWZ manages $13.36 M.

What sectors do the ULTY and QOWZ ETFs invest in?

ULTY leans toward sectors like Information Technology, Materials and Industrials. Meanwhile, QOWZ focuses on Information Technology, Industrials and Health Care.

What are the top holdings of the ULTY ETF and QOWZ ETF?

ULTY top holdings include MICROSTRATEGY, ALPHABET INC-CL and NVIDIA. QOWZ holds in its top three: NVIDIA, BROADCOM LIMITED and META PLATFORMS.

Which ETF is more diversified: ULTY or QOWZ?

ULTY holds 99 securities with 65.41% of its assets in the top 15. QOWZ has 50 securities and a top 15 weight of 57.47%.

Ask the Manager: Mike Khouw on How YieldMax Designs Its Income Engine

January 30, 2026

ULTY

ULTYvsQOWZETF Comparison

YieldMax Ultra Option Income Strategy ETF

Invesco Nasdaq Free Cash Flow Achievers ETF

ULTY vs QOWZ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the ULTY and QOWZ ETFs performed in 2026?

As of April 29, 2026, ULTY is up 2.54% year-to-date (YTD), while QOWZ has lost -6.67%. That puts ULTY better performer ahead so far this year.

Which ETF is attracting more investor money: ULTY or QOWZ?

Year-to-date, the ULTY ETF saw -$120M in flows, compared to +$8K for QOWZ.

Which ETF is more volatile: ULTY or QOWZ?

Over the past year, ULTY had a volatility of 21.58%, while QOWZ experienced 15.32%.

Which ETF is bigger: ULTY or QOWZ?

As of April 29, 2026, ULTY holds $836.84 M in assets under management (AUM), while QOWZ manages $13.36 M.

What sectors do the ULTY and QOWZ ETFs invest in?

ULTY leans toward sectors like Information Technology, Materials and Industrials. Meanwhile, QOWZ focuses on Information Technology, Industrials and Health Care.

What are the top holdings of the ULTY ETF and QOWZ ETF?

ULTY top holdings include MICROSTRATEGY, ALPHABET INC-CL and NVIDIA. QOWZ holds in its top three: NVIDIA, BROADCOM LIMITED and META PLATFORMS.

Which ETF is more diversified: ULTY or QOWZ?

ULTY holds 99 securities with 65.41% of its assets in the top 15. QOWZ has 50 securities and a top 15 weight of 57.47%.

Ask the Manager: Mike Khouw on How YieldMax Designs Its Income Engine

Expert-Built ETF Portfolios, All in One Place