YieldMax™ MSTR Option Income Strategy ETF (MSTY) belongs to the Derivative Income category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MSTY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to MSTY
MSTY charges 0.99% annually. There are 153 ETFs in the Derivative Income category with lower expense ratios, going as low as 0.10%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Parametric Equity Plus ETF | 0.10% | 29.05M | Nov 2024 | MSTY vs PEPS | |
| State Street US Equity Premium Income ETF | 0.25% | 46.39M | Sep 2024 | MSTY vs SPIN | |
| iShares S&P 500 BuyWrite ETF | 0.25% | 329.53M | Mar 2024 | MSTY vs IVVW | |
| Fidelity Yield Enhanced Equity ETF | 0.28% | 198.84M | Apr 2024 | MSTY vs FYEE | |
| Goldman Sachs S&P 500 Premium Income ETF | 0.29% | 5.01B | Oct 2023 | MSTY vs GPIX |
Best Risk-Adjusted Alternatives to MSTY
MSTY has a PortfoliosLab risk / return rank of 1. There are 194 ETFs in the Derivative Income category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SoFi Enhanced Yield ETF | 96 | 34.73M | Nov 2023 | MSTY vs THTA | |
| Global X S&P 500 Covered Call ETF | 94 | 3.24B | Jun 2013 | MSTY vs XYLD | |
| Invesco S&P 500 BuyWrite ETF | 94 | 358.08M | Dec 2007 | MSTY vs PBP | |
| Simplify Treasury Option Income ETF | 93 | 489.70M | Oct 2022 | MSTY vs BUCK | |
| Global X Russell 2000 Covered Call ETF | 93 | 1.37B | Apr 2019 | MSTY vs RYLD |
Top Performing MSTY Alternatives (YTD)
MSTY is at -32.53% YTD. There are 245 ETFs in the Derivative Income category with higher YTD returns, going as high as 150.89%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill AMD WeeklyPay ETF | 150.89% | 114.09M | Jul 2025 | MSTY vs AMDW | |
| Roundhill ARM WeeklyPay ETF | 133.71% | 22.04M | Oct 2025 | MSTY vs ARMW | |
| YieldMax AMD Option Income Strategy ETF | 90.29% | 382.78M | Sep 2023 | MSTY vs AMDY | |
| YieldMax MRNA Option Income Strategy ETF | 62.69% | 106.87M | Oct 2023 | MSTY vs MRNY | |
| YieldMax Target 12™ Semiconductor Option Income ET... | 59.66% | 64.01M | Dec 2024 | MSTY vs SOXY |
Lowest Volatility Alternatives to MSTY
MSTY has 64.93% 1-year volatility. There are 291 ETFs in the Derivative Income category with lower 1-year volatility, going as low as 2.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | 2.47% | 489.70M | Oct 2022 | MSTY vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | 2.94% | 112.06M | Aug 2022 | MSTY vs HYGW | |
| FT Vest Laddered Autocallable Barrier & Resilient ... | 3.76% | 289.20M | Apr 2026 | MSTY vs ACYS | |
| FT Vest High Yield & Target Income ETF | 3.81% | 90.28M | Feb 2025 | MSTY vs HYTI | |
| Main Buywrite ETF | 4.87% | 1.30B | Dec 2015 | MSTY vs BUYW |
Lowest Drawdown Alternatives to MSTY
MSTY has a 1-year max drawdown of -74.91%. There are 197 ETFs in the Derivative Income category with shallower 1-year drawdowns, going as shallow as -0.84%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Treasury Option Income ETF | -0.84% | 489.70M | Oct 2022 | MSTY vs BUCK | |
| iShares High Yield Corporate Bond Buywrite Strateg... | -1.82% | 112.06M | Aug 2022 | MSTY vs HYGW | |
| FT Vest High Yield & Target Income ETF | -2.38% | 90.28M | Feb 2025 | MSTY vs HYTI | |
| Main Buywrite ETF | -2.59% | 1.30B | Dec 2015 | MSTY vs BUYW | |
| SoFi Enhanced Yield ETF | -2.64% | 34.73M | Nov 2023 | MSTY vs THTA |
Other ETFs from YieldMax
The 10 most viewed YieldMax ETFs shown here include ULTY, YMAX, NVDY and span 7 categories. AUM among these funds goes as high as $1B.
Often Compared With MSTY
Investors most often compare MSTY with MSTR, BTC-USD, MSTE.TO. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare MSTY with Any Fund or Stock
Compare MSTY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair MSTY with funds that move differently
YieldMax™ MSTR Option Income Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to MSTY.
Explore MSTY Diversifiers