FPX was created on 2006-04-12 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1004.26m in AUM and 101 holdings. FPX tracks a market-cap-weighted index of the 100 largest US IPOs over the first 1",000 trading days for each stock.
ULTY was created on 2024-02-28 by YieldMax. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1651.02m in AUM and 25 holdings. ULTY is actively managed", seeking to provide monthly income through a portfolio of covered call strategies. The fund generates income via option premiums", dividends from directly held US stocks", and US treasuries. Positions are held either directly or through synthetics based on implied volatility levels.
Key Details
Apr 12, 2006
Feb 28, 2024
Equity
Equity
Total Market
Total Market
Information on this page is obtained from our data provider, Xignite, an unaffiliated third party. Double believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate. We also show information based on calculations performed by Double using data from our provider. Double believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.
SeekingAlpha
FPX: A Time-Proven ETF To Bet On IPOs
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LONDON, July 07, 2025-- FundsDate
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IPO market momentum accelerates as U.S. listings surge, boosting ETFs like FPX, IPO, FPXI and IPOS across the board.
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Q2 2025 Commentary: The Innovation Imperative In A Time Of Transition
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While we canât control market gyrations and valuations, as active equity portfolio managers we can focus on our anchor of value: earnings.
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
ARES | 80.39% | $41.01B | +22.54% | 2.18% |
ETN | 79.02% | $152.64B | +27.99% | 1.01% |
EVR | 78.52% | $11.99B | +23.91% | 1.06% |
OWL | 78.24% | $12.21B | +2.31% | 3.85% |
MTZ | 78.20% | $14.98B | +72.56% | 0.00% |
BN | 77.96% | $111.25B | +38.40% | 0.51% |
GS | 77.84% | $224.22B | +43.56% | 1.64% |
BNT | 77.78% | $13.56B | +37.83% | 0.00% |
PH | 77.78% | $93.54B | +30.45% | 0.92% |
ITT | 77.59% | $12.56B | +12.83% | 0.85% |
KKR | 77.50% | $133.98B | +21.85% | 0.47% |
APO | 77.49% | $83.13B | +16.08% | 1.30% |
NVT | 77.07% | $12.96B | +8.39% | 1.00% |
VRT | 76.63% | $54.94B | +83.19% | 0.09% |
STEP | 76.57% | $4.77B | +21.61% | 1.61% |
HOOD | 76.16% | $93.63B | +415.80% | 0.00% |
CRWD | 76.00% | $115.44B | +99.67% | 0.00% |
SOFI | 75.73% | $24.17B | +190.05% | 0.00% |
MS | 75.69% | $231.61B | +40.43% | 2.58% |
CRH | 75.64% | $65.25B | +12.63% | 0.39% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
NEUE | 0.20% | $61.01M | +4.65% | 0.00% |
PHYS | -0.27% | - | - | 0.00% |
UTZ | 0.37% | $1.20B | -6.00% | 1.83% |
UL | 0.53% | $144.79B | -3.89% | 3.28% |
LMT | -0.59% | $97.75B | -22.74% | 3.13% |
OHI | -0.60% | $11.24B | +6.68% | 6.90% |
VHC | 0.83% | $69.66M | +160.06% | 0.00% |
GSK | 0.99% | $78.65B | +0.52% | 4.30% |
HUSA | -1.02% | $351.35M | -23.87% | 0.00% |
GFI | 1.04% | $21.89B | +42.54% | 2.28% |
TSN | 1.24% | $18.48B | -13.10% | 3.79% |
ALHC | 1.33% | $2.57B | +48.74% | 0.00% |
SBDS | 1.37% | $22.44M | -84.14% | 0.00% |
ELS | 1.39% | $11.20B | -14.68% | 3.39% |
CI | -1.47% | $79.57B | -14.57% | 1.98% |
SPTN | 1.49% | $897.58M | +25.52% | 3.30% |
IMDX | 1.60% | $77.22M | -14.01% | 0.00% |
HLN | 1.68% | $43.30B | +5.36% | 1.87% |
BTI | 1.84% | $116.20B | +49.16% | 5.66% |
SJM | 1.85% | $11.64B | -7.50% | 3.98% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
IWP | 95.49% | $20.35B | 0.23% | |
QGRO | 94.33% | $1.82B | 0.29% | |
PDP | 93.98% | $1.32B | 0.62% | |
MTUM | 93.72% | $17.70B | 0.15% | |
RPG | 93.29% | $1.77B | 0.35% | |
FDMO | 92.94% | $500.77M | 0.16% | |
PFUT | 92.74% | $373.19M | 0.65% | |
FTC | 92.58% | $1.23B | 0.6% | |
JMOM | 92.46% | $1.59B | 0.12% | |
VOT | 92.18% | $17.87B | 0.07% | |
FCTR | 91.73% | $59.47M | 0.65% | |
FNY | 91.58% | $401.55M | 0.7% | |
FXL | 91.17% | $1.39B | 0.62% | |
CGGR | 91.08% | $14.48B | 0.39% | |
IGV | 90.63% | $11.75B | 0.41% | |
WTAI | 90.53% | $231.91M | 0.45% | |
IPO | 90.40% | $148.76M | 0.6% | |
SKYY | 90.29% | $3.60B | 0.6% | |
BUZZ | 90.28% | $101.50M | 0.76% | |
IMCG | 90.23% | $2.90B | 0.06% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
ED | -29.38% | $36.96B | +5.20% | 3.30% |
CBOE | -28.76% | $25.31B | +31.70% | 1.05% |
AWK | -27.37% | $27.23B | -1.90% | 2.25% |
DUK | -19.88% | $93.64B | +10.26% | 3.48% |
SO | -17.88% | $104.30B | +13.63% | 3.05% |
MKTX | -17.68% | $7.88B | -6.01% | 1.45% |
AEP | -15.87% | $60.50B | +15.42% | 3.26% |
CME | -14.95% | $100.09B | +46.94% | 1.73% |
WTRG | -14.39% | $10.35B | -9.18% | 3.55% |
AMT | -13.86% | $97.72B | -5.29% | 3.21% |
TU | -13.41% | $24.69B | +0.31% | 7.13% |
EXC | -13.18% | $44.68B | +18.98% | 3.53% |
GIS | -12.93% | $26.69B | -26.71% | 4.96% |
KR | -12.84% | $45.82B | +27.16% | 1.86% |
MO | -12.77% | $103.59B | +25.48% | 6.67% |
DG | -12.44% | $23.23B | -12.33% | 2.24% |
COR | -12.08% | $56.56B | +22.67% | 0.74% |
JNJ | -12.03% | $402.82B | +5.96% | 3.03% |
BCE | -11.99% | $21.69B | -30.24% | 10.46% |
CL | -11.77% | $69.53B | -13.50% | 2.39% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
CCOR | -0.05% | $49.41M | 1.18% | |
HTAB | -0.11% | $387.96M | 0.39% | |
JMST | -0.11% | $4.19B | 0.18% | |
CGMU | -0.16% | $3.51B | 0.27% | |
SHYD | -0.24% | $331.14M | 0.35% | |
BSCP | 0.38% | $3.16B | 0.1% | |
CORN | 0.42% | $43.78M | 0.2% | |
UNG | 0.47% | $452.17M | 1.06% | |
SPIP | -0.64% | $950.46M | 0.12% | |
HYD | 0.67% | $3.27B | 0.32% | |
SGOV | -0.69% | $52.19B | 0.09% | |
FLDR | -0.83% | $965.39M | 0.15% | |
TLTW | -0.87% | $1.19B | 0.35% | |
IBDR | -0.92% | $3.29B | 0.1% | |
BSCR | -0.93% | $3.81B | 0.1% | |
GLDM | 0.95% | $15.92B | 0.1% | |
PULS | -0.97% | $11.99B | 0.15% | |
IBMP | -0.97% | $554.72M | 0.18% | |
IUSB | -0.98% | $33.00B | 0.06% | |
AVIG | -1.04% | $1.12B | 0.15% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
BTAL | -76.26% | $311.96M | 1.43% | |
TAIL | -75.91% | $88.17M | 0.59% | |
VIXY | -71.33% | $280.49M | 0.85% | |
VIXM | -64.49% | $25.97M | 0.85% | |
IVOL | -41.42% | $337.06M | 1.02% | |
SPTS | -38.85% | $5.82B | 0.03% | |
XONE | -37.65% | $632.14M | 0.03% | |
UTWO | -35.75% | $373.54M | 0.15% | |
VGSH | -35.36% | $22.75B | 0.03% | |
IBTG | -33.95% | $1.96B | 0.07% | |
SCHO | -33.49% | $10.95B | 0.03% | |
IBTI | -32.02% | $1.07B | 0.07% | |
IBTH | -31.66% | $1.67B | 0.07% | |
FXY | -30.65% | $599.36M | 0.4% | |
FTSD | -29.69% | $233.62M | 0.25% | |
IBTJ | -29.18% | $698.84M | 0.07% | |
IEI | -28.67% | $15.74B | 0.15% | |
IBTK | -27.90% | $458.96M | 0.07% | |
IBTL | -26.54% | $396.49M | 0.07% | |
VGIT | -26.06% | $32.04B | 0.04% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
AWK | -23.29% | $27.23B | -1.90% | 2.25% |
CBOE | -23.22% | $25.31B | +31.70% | 1.05% |
ED | -22.16% | $36.96B | +5.20% | 3.30% |
MKTX | -16.15% | $7.88B | -6.01% | 1.45% |
BCE | -13.94% | $21.69B | -30.24% | 10.46% |
GIS | -13.47% | $26.69B | -26.71% | 4.96% |
WTRG | -13.41% | $10.35B | -9.18% | 3.55% |
TU | -13.01% | $24.69B | +0.31% | 7.13% |
HSY | -12.97% | $38.26B | -4.38% | 2.94% |
SO | -12.50% | $104.30B | +13.63% | 3.05% |
DG | -12.43% | $23.23B | -12.33% | 2.24% |
JNJ | -11.89% | $402.82B | +5.96% | 3.03% |
DUK | -11.22% | $93.64B | +10.26% | 3.48% |
CAG | -11.04% | $8.85B | -38.89% | 9.54% |
CL | -10.61% | $69.53B | -13.50% | 2.39% |
HRL | -10.43% | $15.56B | -11.90% | 4.12% |
AEP | -10.35% | $60.50B | +15.42% | 3.26% |
AMT | -10.21% | $97.72B | -5.29% | 3.21% |
ZCMD | -8.93% | $26.01M | -8.84% | 0.00% |
MSEX | -8.75% | $931.13M | -21.84% | 2.63% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
BUZZ | 91.56% | $101.50M | 0.76% | |
YMAX | 91.09% | $1.01B | 1.28% | |
ARKF | 89.39% | $1.38B | 0.75% | |
KOMP | 89.31% | $2.38B | 0.2% | |
WTAI | 89.24% | $231.91M | 0.45% | |
SFYF | 89.13% | $30.99M | 0.29% | |
ARKW | 89.01% | $2.38B | 0.82% | |
IWP | 88.79% | $20.35B | 0.23% | |
ARKK | 88.46% | $7.44B | 0.75% | |
RPG | 88.15% | $1.77B | 0.35% | |
ICVT | 88.11% | $2.90B | 0.2% | |
PFUT | 88.04% | $373.19M | 0.65% | |
FPX | 87.92% | $1.02B | 0.61% | |
CGGR | 87.89% | $14.48B | 0.39% | |
FEPI | 87.81% | $492.07M | 0.65% | |
VBK | 87.78% | $19.67B | 0.07% | |
SPHB | 87.74% | $482.49M | 0.25% | |
IPO | 87.58% | $148.76M | 0.6% | |
FDMO | 87.53% | $500.77M | 0.16% | |
CWB | 87.40% | $4.23B | 0.4% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
HAIN | 0.17% | $144.41M | -79.33% | 0.00% |
ELV | 0.44% | $66.10B | -44.82% | 2.28% |
CYCN | 0.48% | $8.47M | -26.26% | 0.00% |
FDP | -0.55% | $1.89B | +57.41% | 2.83% |
BTI | -0.57% | $116.20B | +49.16% | 5.66% |
AGL | 0.59% | $790.65M | -72.28% | 0.00% |
NEUE | 0.67% | $61.01M | +4.65% | 0.00% |
VSTA | -0.77% | $332.84M | +38.80% | 0.00% |
GO | 0.84% | $1.30B | -32.06% | 0.00% |
CMS | -0.95% | $21.59B | +11.37% | 2.93% |
ALHC | 1.01% | $2.57B | +48.74% | 0.00% |
CI | -1.11% | $79.57B | -14.57% | 1.98% |
EMA | 1.17% | $14.00B | +30.16% | 4.37% |
WEC | 1.20% | $34.58B | +25.91% | 3.18% |
CNC | -1.24% | $12.67B | -66.47% | 0.00% |
HUSA | 1.32% | $351.35M | -23.87% | 0.00% |
FE | 1.53% | $24.12B | -0.29% | 4.10% |
CREG | 1.55% | $4.71M | -81.10% | 0.00% |
SBDS | -1.58% | $22.44M | -84.14% | 0.00% |
SPTN | 1.64% | $897.58M | +25.52% | 3.30% |
Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
---|---|---|---|---|
SOFI | 77.54% | $24.17B | +190.05% | 0.00% |
BN | 76.87% | $111.25B | +38.40% | 0.51% |
CG | 76.69% | $22.38B | +24.59% | 2.26% |
ITT | 76.59% | $12.56B | +12.83% | 0.85% |
BNT | 76.33% | $13.56B | +37.83% | 0.00% |
ARES | 76.22% | $41.01B | +22.54% | 2.18% |
ETN | 76.17% | $152.64B | +27.99% | 1.01% |
PH | 76.12% | $93.54B | +30.45% | 0.92% |
HOOD | 76.07% | $93.63B | +415.80% | 0.00% |
KKR | 75.67% | $133.98B | +21.85% | 0.47% |
NVT | 75.23% | $12.96B | +8.39% | 1.00% |
MKSI | 75.20% | $6.74B | -20.24% | 0.92% |
EVR | 74.81% | $11.99B | +23.91% | 1.06% |
GS | 74.43% | $224.22B | +43.56% | 1.64% |
OWL | 74.30% | $12.21B | +2.31% | 3.85% |
FLEX | 74.29% | $19.17B | +58.85% | 0.00% |
JHG | 73.97% | $6.80B | +15.90% | 3.71% |
DOV | 73.96% | $24.99B | -1.11% | 1.13% |
TPG | 73.93% | $8.06B | +14.61% | 2.98% |
APO | 73.67% | $83.13B | +16.08% | 1.30% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TIPZ | -0.02% | $94.43M | 0.2% | |
SCHZ | 0.07% | $8.66B | 0.03% | |
AGG | -0.07% | $127.59B | 0.03% | |
BSSX | -0.19% | $83.94M | 0.18% | |
GSY | -0.26% | $2.74B | 0.22% | |
WEAT | 0.33% | $120.75M | 0.28% | |
USTB | 0.41% | $1.32B | 0.35% | |
MMIN | 0.45% | $319.60M | 0.3% | |
BND | -0.46% | $132.00B | 0.03% | |
SHAG | -0.47% | $42.87M | 0.12% | |
HTRB | 0.52% | $1.99B | 0.29% | |
IBND | -0.55% | $416.38M | 0.5% | |
BAB | -0.56% | $921.85M | 0.28% | |
SPAB | -0.57% | $8.52B | 0.03% | |
TFI | 0.67% | $3.17B | 0.23% | |
CTA | 0.69% | $1.14B | 0.76% | |
EAGG | 0.77% | $4.00B | 0.1% | |
TDTF | -0.80% | $853.34M | 0.18% | |
SCHP | -0.81% | $13.31B | 0.03% | |
IBMN | 0.84% | $439.18M | 0.18% |
SeekingAlpha
YieldMax Universe Fund of Option Income ETFs has stabilized after severe NAV erosion, now showing an uptrend. Read why YMAX is a Buy.
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The Undercovered Dozen series highlights 12 lesser-covered stocks, offering fresh ideas and fostering discussion among investors.
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Read more on the pros and cons of ULTY ETF's option-income strategy with weekly payouts. Explore risks, performance, and insights for income-focused investors.
SeekingAlpha
ULTY: You're Getting Paid, Sure, But You're Still Losing
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ULTY offers extremely high yield via aggressive, actively managed covered call strategies. Learn more about ULTY ETF and my recommendation.
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The Dividend Wheel strategy generates income with high-yield option ETFs, reinvest in growth stocks, and scales returns responsibly. Read more about it here.
Traded Fund III First Trust US Equity Opportunities ETF - FPX is made up of 100 holdings. YieldMax Ultra Option Income Strategy ETF - ULTY is made up of 25 holdings.
Name | Weight |
---|---|
10.70% | |
7.62% | |
5.60% | |
4.61% | |
![]() | 4.56% |
![]() | 4.05% |
3.96% | |
3.50% | |
2.02% | |
1.88% | |
1.85% | |
1.75% | |
![]() | 1.68% |
1.66% | |
1.58% | |
![]() | 1.57% |
1.54% | |
![]() | 1.41% |
C CRWVCoreWeave, Inc. | 1.35% |
1.35% | |
![]() | 1.29% |
1.28% | |
1.20% | |
1.19% | |
![]() | 1.17% |
1.13% | |
![]() | 1.11% |
1.05% | |
0.96% | |
![]() | 0.95% |
Name | Weight |
---|---|
5.15% | |
![]() | 5.02% |
4.93% | |
4.72% | |
4.71% | |
4.63% | |
4.61% | |
![]() | 4.59% |
4.44% | |
![]() | 4.33% |
![]() | 4.19% |
4.03% | |
4.03% | |
![]() | 3.94% |
3.91% | |
3.89% | |
![]() | 3.70% |
3.53% | |
3.49% | |
3.28% | |
3.19% | |
![]() | 2.47% |
![]() | 2.33% |
2.27% | |
F FGXXXNT First American Government Obligs X | 1.96% |
Name | Correlation | AUM | Expense Ratio | |
---|---|---|---|---|
TAIL | -77.03% | $88.17M | 0.59% | |
BTAL | -72.14% | $311.96M | 1.43% | |
VIXY | -68.48% | $280.49M | 0.85% | |
VIXM | -63.61% | $25.97M | 0.85% | |
IVOL | -41.24% | $337.06M | 1.02% | |
SPTS | -34.63% | $5.82B | 0.03% | |
XONE | -33.56% | $632.14M | 0.03% | |
UTWO | -30.37% | $373.54M | 0.15% | |
VGSH | -29.96% | $22.75B | 0.03% | |
FTSD | -28.78% | $233.62M | 0.25% | |
SCHO | -28.72% | $10.95B | 0.03% | |
IBTG | -28.37% | $1.96B | 0.07% | |
FXY | -26.95% | $599.36M | 0.4% | |
IBTI | -26.10% | $1.07B | 0.07% | |
IBTH | -25.60% | $1.67B | 0.07% | |
IBTJ | -23.08% | $698.84M | 0.07% | |
IEI | -21.68% | $15.74B | 0.15% | |
TBLL | -21.34% | $2.13B | 0.08% | |
IBTK | -20.36% | $458.96M | 0.07% | |
VGIT | -18.72% | $32.04B | 0.04% |
FPX - Traded Fund III First Trust US Equity Opportunities ETF and ULTY - YieldMax Ultra Option Income Strategy ETF have a 7 holding overlap. Which accounts for a 14.3% overlap.
Number of overlapping holdings
7
% of overlapping holdings
14.34%
Name | Weight in FPX | Weight in ULTY |
---|---|---|
7.62% | 3.19% | |
5.60% | 4.44% | |
3.50% | 3.91% | |
1.54% | 3.53% | |
0.95% | 5.02% | |
0.41% | 4.71% | |
0.31% | 3.94% |