Different energy, different target, different result. Ultherapy is micro-focused ultrasound (often grouped under HIFU) that bypasses the surface and deposits heat deep, down at the SMAS layer your surgeon tightens during a facelift. That deep heat is what produces an actual lift. Thermage is monopolar radiofrequency that heats the broad dermis to tighten skin and smooth texture across a whole zone.
So the rough rule: if your jawline is dropping and your cheeks are sliding south, you want lift, and that leans Ultherapy. If your skin feels loose, thin, or crepey but isn't really sagging yet, you want tightening, and that leans Thermage. Plenty of people in their late 30s and 40s have both problems, which is why a lot of Korean clinics suggest pairing them. One caveat up front: results vary with age, skin thickness, how much laxity you start with, and the operator. Neither device is a facelift.