ULTY,SPY: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

Thu 2024-02-29? to Mon 2026-03-23	YTD Return	TRR Price
ULTY ×	−2.48% 2026-03-23	0.8908 TRR 2026-03-23
YieldMax Ultra Option Income Strategy ETF Exchange-Traded Fund
SPY ×	−4.60% 2026-03-23	11.8 TRR 2026-03-23
SPDR S&P 500 ETF Trust Exchange-Traded Fund

---

Returns

Thu 2024-02-29? to Mon 2026-03-23	Overall Return	Exponential Trendline
ULTY ×	−10.92% −5.45%/yr	+2.40%/yr (R2=0.033)
YieldMax Ultra Option Income Strategy ETF Exchange-Traded Fund
SPY ×	+25.66% +11.72%/yr	+14.58%/yr (R2=0.808)
SPDR S&P 500 ETF Trust Exchange-Traded Fund

---

Growth of $10,000

Thu 2024-02-29? to Mon 2026-03-23	Start Value	End Value
ULTY ×	$10,000.00 2024-02-29	$8,908.48 2026-03-23
YieldMax Ultra Option Income Strategy ETF Exchange-Traded Fund
SPY ×	$10,000.00 2024-02-29	$12,566.01 2026-03-23
SPDR S&P 500 ETF Trust Exchange-Traded Fund

---

Annual Returns

Year	ULTY	SPY
2026 (YTD)	−2.48%	−4.60%
2025	−7.59%	+14.66%
2024	−1.15%	+21.39%
2023	—	+22.09%
2022	—	−23.15%
2021	—	+20.27%
2020	—	+16.74%
2019	—	+28.29%
2018	—	−6.36%
2017	—	+19.19%
2016	—	+9.73%
2015	—	+0.50%
2014	—	+12.62%
2013	—	+30.34%
2012	—	+14.01%
2011	—	−1.04%
2010	—	+13.36%
2009	—	+23.01%
2008	—	−36.85%
2007	—	+1.01%
2006	—	+13.00%
2005	—	+1.36%
2004	—	+7.20%
2003	—	+25.82%
2002	—	−23.40%
2001	—	−13.10%
2000	—	−12.70%
1999	—	+17.24%
1998	—	+26.65%
1997	—	+31.24%
1996	—	+18.61%
1995	—	+34.61%
1994	—	−2.20%
1993	—	+6.21%

---

Drawdowns

Thu 2024-02-29? to Mon 2026-03-23	Current Drawdown	Worst Drawdown
ULTY ×	−21.25%	−27.66% 2025-04-08
YieldMax Ultra Option Income Strategy ETF Exchange-Traded Fund
SPY ×	−6.28%	−19.12% 2025-04-08
SPDR S&P 500 ETF Trust Exchange-Traded Fund