Sep. 25, 2025 11:18 PM ETYieldMax Universe Fund of Option Income ETFs (YMAX), ULTYYMAX, ULTYKevin Shan1.67K FollowersThe YieldMax Universe Fund of Option Income ETFs receives a Sell rating, while the YieldMax Ultra Option Income Strategy ETF is rated Buy.YMAX has outperformed ULTY since ULTY's inception, but its strategy lacks a compelling theme and offers limited diversification, mostly skewed toward tech and crypto.ULTY's dynamic, manager-driven option strategies and use of collars provide more consistent high yields and risk management, making it preferable for income investors.Despite higher fees and NAV erosion, ULTY's flexible approach justifies a small allocation for yield enhancement, while YMAX's equal-weighted approach offers minimal portfolio value.design master/iStock via Getty ImagesHigh-yield investors today have numerous ETFs to choose from, and two very popular ones are YieldMax Universe Fund of Option Income ETFs (NYSEARCA:YMAX) and YieldMax Ultra Option Income Strategy ETF (NYSEARCA:ULTY). IThis article was written byKevin Shan1.67K FollowersI'm an ex-Project Manager for the luxury real estate auction company, Concierge Auctions, that has been studying stock investing since I was 14 years old. After leaving the company, I began focusing on my efforts on analyzing various investments and writing about them. My primary investing strategy revolves around buying income investments and using the income to buy undervalued stocks with long-term growth opportunities. If you follow me, you can expect to see analysis on high-yield income ETFs and growth stocks with a primary focus on sports, real estate, and technology sectors.Analyst’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.Comments