TSLY vs ULTY: Dividend Comparison
YieldMax TSLA Option Income Strategy ETF (TSLY) from N/A and YieldMax Ultra Option Income Strategy ETF (ULTY) from N/A offer different dividend profiles for income-focused portfolios. ULTY offers a significantly higher 137.83% yield compared to TSLY's 91.58%, a gap of 46.25%. For dividend growth, TSLY leads with a 5-year CAGR of -48.5% versus ULTY's -88.4%.
Verdict
Yield Analysis
ULTY yields 46.25% more than TSLY. In dollar terms, TSLY pays $32.63/share vs ULTY's $45.23/share annually.
Dividend Growth
TSLY: Dividend growth is accelerating — the 3-year CAGR of -47.2% exceeds the 5-year rate of -48.5% and the 10-year rate of -48.5%.
ULTY: Dividend growth has been steady, with a 3-year CAGR of -88.4% and a 5-year CAGR of -88.4% (10-year: -88.4%).
Dividend Safety
Estimated Annual Dividend Income
Based on current dividend yields. Actual income may vary.
What does $10,000 buy in TSLY vs ULTY today?
At $33.86 per share, $10,000 buys about 295.3 shares of YieldMax TSLA Option Income Strategy ETF (TSLY). Each share pays $32.63 per year in dividends, so the position starts out generating roughly $9,636 per year — about $803 a month.
At $34.47 per share, $10,000 buys about 290.1 shares of YieldMax Ultra Option Income Strategy ETF (ULTY). Each share pays $45.23 per year in dividends, so the position starts out generating roughly $13,120 per year — about $1,093 a month.
ULTY is the larger income stream from day one: $3,484 per year more on the same $10,000 invested.
What could $10,000 of TSLY or ULTY income look like in 10 years?
YieldMax TSLA Option Income Strategy ETF (TSLY)'s dividend has shrunk about 48.5% a year over the past five years. If that trend continued, today's $9,158 per year on $10,000 (at the current 91.58% yield) would fall to $12 per year by 2036.
YieldMax Ultra Option Income Strategy ETF (ULTY)'s dividend has shrunk about 88.4% a year over the past five years. If that trend continued, today's $13,783 per year on $10,000 (at the current 137.83% yield) would fall to $0 per year by 2036.
On those trailing rates, TSLY pays more in 2036: $12 versus $0 per year. The projection assumes each five-year growth rate persists and no dividends are reinvested — real payouts will differ.
When would TSLY's dividend growth overtake ULTY's higher yield?
YieldMax TSLA Option Income Strategy ETF (TSLY) yields less today (91.58% vs 137.83%) but has grown its dividend faster — -48.5% vs -88.4% a year over the past five years. If both trends continued, a $10,000 position in TSLY would start out-earning the same position in ULTY around 2027 (roughly 1 year from now), paying about $4,714 per year at the crossover. Before that point, ULTY pays more each year; after it, the gap compounds in TSLY's favor.
Why is there no payout ratio for TSLY or ULTY?
REWD has neither an earnings-per-share figure nor a payout ratio for YieldMax TSLA Option Income Strategy ETF (TSLY) and YieldMax Ultra Option Income Strategy ETF (ULTY) — typical for ETFs and covered-call funds, whose distributions are funded by the underlying portfolio (stock dividends, option premium, or return of capital) rather than a single company's earnings. For a fund, judge sustainability by the distribution history and the strategy behind it, not a payout ratio.
Which fits an early-retirement income portfolio better, TSLY or ULTY?
For income you need right now, YieldMax Ultra Option Income Strategy ETF (ULTY) leads: $100,000 invested today pays about $11,486 a month at the current 137.83% yield, versus $7,632 a month from YieldMax TSLA Option Income Strategy ETF (TSLY) at 91.58%.
With a decade or more before the income is needed, TSLY's faster dividend growth (-48.5% vs -88.4% a year) matters more than the starting yield — raises compound into the larger paycheck over time.
Many income investors simply hold both — the mix pairs current yield with growth and spreads single-name risk. Whichever way you lean, dividends are never guaranteed; recheck the payout each quarter rather than setting and forgetting.
$10,000 with DRIP: projected annual income
If each holding keeps raising its dividend at its real 5-year rate and every payment is reinvested, a $10,000 position pays $7,959/yr in TSLY vs $0/yr in ULTY by year 10.
Assumes dividends are reinvested at the current yield and grow at each holding's trailing 5-year dividend CAGR. A projection, not a prediction — no price appreciation modeled.
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