BTC-USD vs. MSTY

Last updated Apr 5, 2026

Compare and contrast key facts about Bitcoin (BTC-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

BTC-USD vs. MSTY - Performance Comparison

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

Returns By Period

In the year-to-date period, BTC-USD achieves a -23.20% return, which is significantly lower than MSTY's -16.31% return.

BTC-USD

• 1D: 0.36%
• 1M: -5.20%
• YTD: -23.20%
• 6M: -45.12%
• 1Y: -19.87%
• 3Y*: 33.61%
• 5Y*: 2.59%
• 10Y*: 66.06%

MSTY

• 1D: -1.82%
• 1M: -10.18%
• YTD: -16.31%
• 6M: -58.02%
• 1Y: -51.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTC-USD vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTC-USD Bitcoin	-23.20%	-6.27%	82.12%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-16.31%	-42.71%	200.20%

Correlation

The correlation between BTC-USD and MSTY is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined. Holding both can reduce overall portfolio volatility compared to holding either one alone.

Return for Risk

BTC-USD vs. MSTY — Risk / Return Rank

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

BTC-USD

BTC-USD Risk / Return Rank: 37
BTC-USD Sharpe Ratio Rank: 60
BTC-USD Sortino Ratio Rank: 54
BTC-USD Omega Ratio Rank: 49
BTC-USD Calmar Ratio Rank: 23
BTC-USD Martin Ratio Rank: 1

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: 1

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.

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

This table presents a comparison of risk-adjusted performance metrics for Bitcoin (BTC-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.

	BTC-USD	MSTY	Difference
Sharpe ratio Return per unit of total volatility	-0.45	-0.85	+0.40
Sortino ratio Return per unit of downside risk	-0.40	-1.28	+0.89
Omega ratio Gain probability vs. loss probability	0.96	0.85	+0.11
Calmar ratio Return relative to maximum drawdown	-1.12	-0.74	-0.38
Martin ratio Return relative to average drawdown	-1.99	-1.31	-0.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTC-USD vs. MSTY - Sharpe Ratio Comparison

The current BTC-USD Sharpe Ratio is -0.45, which is higher than the MSTY Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of BTC-USD and MSTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BTC-USD	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	-0.85	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.97	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	0.26	+0.93

Drawdowns

BTC-USD vs. MSTY - Drawdown Comparison

The maximum BTC-USD drawdown since its inception was -85.30%, which is greater than MSTY's maximum drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for BTC-USD and MSTY.

Drawdown Indicators

	BTC-USD	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-85.30%	-71.79%	-13.51%
Max Drawdown (1Y) Largest decline over 1 year	-49.65%	-71.79%	+22.14%
Max Drawdown (5Y) Largest decline over 5 years	-76.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-83.80%	—	—
Current Drawdown Current decline from peak	-46.12%	-67.10%	+20.98%
Average Drawdown Average peak-to-trough decline	-42.01%	-23.54%	-18.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.06%	40.46%	-12.40%

Volatility

BTC-USD vs. MSTY - Volatility Comparison

Bitcoin (BTC-USD) and YieldMax™ MSTR Option Income Strategy ETF (MSTY) have volatilities of 11.85% and 12.47%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTC-USD	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.85%	12.47%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	35.92%	48.77%	-12.85%
Volatility (1Y) Calculated over the trailing 1-year period	36.59%	63.67%	-27.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.89%	72.55%	-25.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.70%	72.55%	-15.85%