ULTY, Meet ULTI, Your Newest Competitor

Jack Bowman8.31K FollowersFollow5ShareSavePlay(8min)CommentsSummaryYieldMax Ultra Option Income Strategy ETF has underperformed, with a significant price decline since July and negative total returns versus the market.REX SHARES launched the REX IncomeMax Option Strategy ETF, which targets even higher volatility stocks, but its short history appears riskier than ULTY.As ULTY retires its "all gas, no brakes" strategy, ULTI comes in to fill the gap with a similar strategy to the one YieldMax is leaving behind.I expect ULTY's yield to decline with its change in strategy, and those investors requiring 77%+ yields will need to turn to ULTI.Neither fund is very attractive currently, although I will be watching ULTY to see if the fund's changes make it more worthwhile. Time will tell. Tim Platt/DigitalVision via Getty Images Regular readers of mine will know that I have no love for the YieldMax Ultra Option Income Strategy ETF (ULTY), having infamously (or at least to much ire) called it the "This article was written byJack Bowman8.31K FollowersFollowNewsletter Author | Investment Advisor | Top 5% of Experts on TipRanks | Long Signal, Short Noise | I am a macro-oriented and data-driven investor who obsesses over connecting dots that others don't see (or want to see), expressing my views through concentrated, asymmetrical, and high-conviction positions. I manage risk with discipline, often reminding investors that position sizing is often more important than security selection. I'm on a quest to uncover narrative trends before mainstream financial media, a process I've been describing as the hunt for information alpha. My weekly newsletter is called The Macro Obsession. "Successful investing requires holding uncomfortably idiosyncratic positions." — Howard Marks, paraphrasing David Swensen "History does not repeat, it instructs." — Timothy Snyder, On TyrannyAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.