DIPS vs UJUL
YieldMax Short NVDA Option Income Strategy ETF vs Innovator US Equity Ultra Buffer ETF - July
Which is better, DIPS or UJUL?
Opposite sides of the same exposure.
UJUL has a lower expense ratio. UJUL led over 1Y and the full window. The two move opposite each other, correlation -0.60, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DIPS | UJUL |
|---|---|---|
| Expense Ratio | 1.05% | 0.79%Best |
| AUM | $11M | $303M |
| Dividend Yield | 69.00% | 0.00% |
| Holdings | 28 | 24 |
| YTD Return | -13.73% | +7.39%Best |
| 1Y Return | -14.80% | +9.54%Best |
| 3Y Return (annualized) | - | +13.32% |
| 5Y Return (annualized) | - | +8.92% |
| Volatility (annualized) | 25.4% | 6.8%Best |
| Max Drawdown | -60.9% | -11.4%Best |
| $10,000 over 2.2 years | $4,553 | $12,746Best |
| Fund Family | YieldMax ETF | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Option Writing | Option Writing |
| Inception | Jul 23, 2024 | Aug 7, 2018 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 24, 2024 to Oct 14, 2026 (2.2 years).
DIPS vs UJUL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
DIPS vs UJUL Performance
YieldMax Short NVDA Option Income Strategy ETF (DIPS) is an ETF from YieldMax ETF and Innovator US Equity Ultra Buffer ETF - July (UJUL) is an ETF from Innovator ETFs Trust. Over the past year DIPS returned -14.80% while UJUL returned +9.54%. Year to date, DIPS is down 13.73% versus a gain of 7.39% for UJUL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DIPS has been the more volatile fund, with annualized monthly volatility of 25.4% compared with 6.8% for UJUL. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.9% for DIPS and -11.4% for UJUL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.60. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
Fees and Cost Over Time
DIPS charges 1.05% per year while UJUL charges 0.79%. On a $10,000 position that is $105 vs $79 annually, a gap of $26 per year that compounds over a long holding period. On income, DIPS currently yields 69.00% against 0.00% for UJUL.
Holdings Overlap
We hold position weights for 2 holdings in DIPS and 1 in UJUL, totalling 17.1% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in DIPS and 1 in UJUL, against full books of 28 and 24.
You are not choosing between two funds in isolation.
Whichever of DIPS and UJUL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DIPS or UJUL?
DIPS has an expense ratio of 1.05% while UJUL charges 0.79%. UJUL is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, DIPS or UJUL?
Over the past year DIPS returned -14.80% vs +9.54% for UJUL, so UJUL leads on 1-year performance. Over the longest common window we track (2 years), DIPS annualized -30.07% vs +11.66% for UJUL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DIPS or UJUL?
DIPS has been the more volatile fund at 25.4% annualized versus 6.8% for UJUL. Worst drawdown: DIPS -60.9% vs UJUL -11.4%.
Should I hold both DIPS and UJUL?
DIPS and UJUL have a monthly-return correlation of -0.60, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, DIPS or UJUL?
DIPS yields 69.00% while UJUL yields 0.00%, so DIPS currently pays the higher dividend yield.
Is UJUL better than DIPS?
UJUL has a lower expense ratio. UJUL led over 1Y and the full window. The two move opposite each other, correlation -0.60, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.