BTC-USD vs. MSTY
BTC-USD (Bitcoin) is a cryptocurrency, while MSTY (YieldMax™ MSTR Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, BTC-USD returned -40.30% vs -66.58% for MSTY. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
BTC-USD vs. MSTY - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with BTC-USD having a -28.07% return and MSTY slightly higher at -27.80%.
BTC-USD
- 1D
- -1.58%
- 1M
- -18.24%
- YTD
- -28.07%
- 6M
- -28.01%
- 1Y
- -40.30%
- 3Y*
- 27.25%
- 5Y*
- 12.68%
- 10Y*
- 57.41%
MSTY
- 1D
- -4.55%
- 1M
- -31.74%
- YTD
- -27.80%
- 6M
- -29.80%
- 1Y
- -66.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTC-USD Bitcoin | -28.07% | -6.27% | 80.04% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -27.80% | -42.71% | 212.16% |
Correlation
The correlation between BTC-USD and MSTY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.58 |
The correlation between BTC-USD and MSTY has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTC-USD vs. MSTY — Risk / Return Rank
BTC-USD
MSTY
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BTC-USD | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.79 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.93 | +0.14 |
| Martin ratioReturn relative to average drawdown | -1.32 | -1.35 | +0.03 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| BTC-USD | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.30% | -71.79% | -13.51% |
Max Drawdown (1Y)Largest decline over 1 year | -51.21% | -71.79% | +20.58% |
Max Drawdown (3Y)Largest decline over 3 years | -51.21% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -83.80% | — | — |
Current DrawdownCurrent decline from peak | -49.54% | -71.62% | +22.08% |
Average DrawdownAverage peak-to-trough decline | -42.40% | -26.97% | -15.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.29% | 49.36% | -18.07% |
Volatility
BTC-USD vs. MSTY - Volatility Comparison
The current volatility for Bitcoin (BTC-USD) is 12.23%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 19.32%. This indicates that BTC-USD experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTC-USD | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 19.32% | -7.09% |
Volatility (6M)Calculated over the trailing 6-month period | 34.57% | 49.66% | -15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.70% | 62.02% | -26.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.26% | 71.82% | -27.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.41% | 71.82% | -15.41% |
Frequently Asked Questions
BTC-USD and MSTY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.32%) compared to BTC-USD (12.23%). In terms of maximum drawdown, BTC-USD dropped -85.30% vs MSTY's -71.79%.
BTC-USD currently has the higher Sharpe Ratio (-0.94 vs -1.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BTC-USD and MSTY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer