ARKM-USD vs. MSTY

Last updated Apr 2, 2026

Compare and contrast key facts about Arkham (ARKM-USD) and YieldMax™ MSTR Option Income Strategy ETF (MSTY).

MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024.

Performance

ARKM-USD vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arkham (ARKM-USD) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

ARKM-USD vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ARKM-USD Arkham	-44.28%	-87.37%	-0.66%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-16.31%	-42.71%	200.20%

Returns By Period

In the year-to-date period, ARKM-USD achieves a -44.28% return, which is significantly lower than MSTY's -16.31% return.

ARKM-USD

• 1D: 0.52%
• 1M: -9.72%
• YTD: -44.28%
• 6M: -82.11%
• 1Y: -79.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -1.82%
• 1M: -6.59%
• YTD: -16.31%
• 6M: -57.99%
• 1Y: -54.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ARKM-USD vs. MSTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ARKM-USD

ARKM-USD Risk / Return Rank: 35
ARKM-USD Sharpe Ratio Rank: 27
ARKM-USD Sortino Ratio Rank: 20
ARKM-USD Omega Ratio Rank: 19
ARKM-USD Calmar Ratio Rank: 51
ARKM-USD Martin Ratio Rank: 56

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ARKM-USD vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arkham (ARKM-USD) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ARKM-USD	MSTY	Difference
Sharpe ratio Return per unit of total volatility	-0.75	-0.85	+0.10
Sortino ratio Return per unit of downside risk	-1.35	-1.28	-0.06
Omega ratio Gain probability vs. loss probability	0.87	0.85	+0.02
Calmar ratio Return relative to maximum drawdown	-1.07	-0.74	-0.33
Martin ratio Return relative to average drawdown	-1.55	-1.31	-0.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ARKM-USD vs. MSTY - Sharpe Ratio Comparison

The current ARKM-USD Sharpe Ratio is -0.75, which is comparable to the MSTY Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of ARKM-USD and MSTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ARKM-USD	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.75	-0.85	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.40	0.26	-0.66

Correlation

The correlation between ARKM-USD and MSTY is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Drawdowns

ARKM-USD vs. MSTY - Drawdown Comparison

The maximum ARKM-USD drawdown since its inception was -97.63%, which is greater than MSTY's maximum drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for ARKM-USD and MSTY.

Drawdown Indicators

	ARKM-USD	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-97.63%	-71.79%	-25.84%
Max Drawdown (1Y) Largest decline over 1 year	-88.09%	-71.79%	-16.30%
Current Drawdown Current decline from peak	-97.54%	-67.10%	-30.44%
Average Drawdown Average peak-to-trough decline	-63.74%	-23.54%	-40.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	59.35%	40.46%	+18.89%

Volatility

ARKM-USD vs. MSTY - Volatility Comparison

Arkham (ARKM-USD) has a higher volatility of 17.11% compared to YieldMax™ MSTR Option Income Strategy ETF (MSTY) at 12.47%. This indicates that ARKM-USD's price experiences larger fluctuations and is considered to be riskier than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ARKM-USD	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.11%	12.47%	+4.64%
Volatility (6M) Calculated over the trailing 6-month period	80.32%	48.77%	+31.55%
Volatility (1Y) Calculated over the trailing 1-year period	89.09%	63.67%	+25.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	104.89%	72.55%	+32.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	104.89%	72.55%	+32.34%