ULTY vs. IPO ETF Comparison

Comparison of Tidal Trust II YieldMax Ultra Option Income Strategy ETF (ULTY) to Renaissance IPO ETF (IPO)

ULTY

Tidal Trust II YieldMax Ultra Option Income Strategy ETF

ULTY Description

The fund is an actively managed exchange-traded fund that seeks current income while providing direct and/or indirect exposure to the share price of select U.S. listed securities, subject to a limit on potential investment gains. It uses both traditional and synthetic covered call strategies that are designed to produce higher income levels when the underlying securities experience more volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.46

Average Daily Volume

625,649

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.43

Average Daily Volume

42,489

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ULTY	IPO
30 Days	7.08%	5.12%
60 Days	13.19%	18.48%
90 Days	-5.00%	3.66%
12 Months		38.40%

0 Overlapping Holdings

	Symbol	Grade	Weight in ULTY	Weight in IPO	Overlap

ULTY Overweight 10 Positions Relative to IPO

Symbol	Grade	Weight
MSTR	B	8.29%
NVDA	B	7.6%
UPST	C	6.78%
LABU	D	6.35%
AVGO	B	6.29%
AI	D	6.25%
IOT	C	6.13%
TNA	C	5.92%
QQQ	B	5.69%
PLTR	A	5.65%

ULTY Underweight 17 Positions Relative to IPO

Symbol	Grade	Weight
NU	D	-10.11%
KVUE	C	-9.95%
ARM	C	-9.79%
RIVN	F	-6.83%
CRBG	B	-5.16%
GTLB	D	-4.41%
TPG	A	-3.46%
HCP	A	-3.35%
GFS	F	-2.69%
BRZE	F	-1.5%
BIRK	F	-1.38%
RBRK	D	-1.31%
RDDT	B	-1.19%
INFA	D	-1.16%
FLNC	C	-0.95%
BLCO	C	-0.54%
ZK	C	-0.27%