BTGD vs. MSTW

Last updated Jun 24, 2026

BTGD (STKD Bitcoin & Gold ETF) and MSTW (Roundhill MSTR WeeklyPay ETF) are both exchange-traded funds - BTGD is a Cryptocurrency fund actively managed by Quantify Funds, while MSTW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. BTGD charges 1.00%/yr vs 0.99%/yr for MSTW.

Performance

BTGD vs. MSTW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in STKD Bitcoin & Gold ETF (BTGD) and Roundhill MSTR WeeklyPay ETF (MSTW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BTGD having a -38.68% return and MSTW slightly lower at -40.29%.

BTGD

• 1D: -4.97%
• 1M: -27.36%
• YTD: -38.68%
• 6M: -41.46%
• 1Y: -38.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTW

• 1D: -5.77%
• 1M: -41.43%
• YTD: -40.29%
• 6M: -43.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTGD vs. MSTW - Yearly Performance Comparison

	2026 (YTD)	2025
BTGD STKD Bitcoin & Gold ETF	-38.68%	-12.30%
MSTW Roundhill MSTR WeeklyPay ETF	-40.29%	-71.40%

Correlation

The correlation between BTGD and MSTW is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.75

Return for Risk

BTGD vs. MSTW — Risk / Return Rank

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

BTGD

BTGD Risk / Return Rank: 3
BTGD Sharpe Ratio Rank: 4
BTGD Sortino Ratio Rank: 4
BTGD Omega Ratio Rank: 4
BTGD Calmar Ratio Rank: 3
BTGD Martin Ratio Rank: 1

MSTW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BTGD vs. MSTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STKD Bitcoin & Gold ETF (BTGD) and Roundhill MSTR WeeklyPay ETF (MSTW). 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.

	BTGD	MSTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	—	—
Sortino ratio: Return per unit of downside risk	-0.76	—	—
Omega ratio: Gain probability vs. loss probability	0.91	—	—
Calmar ratio: Return relative to maximum drawdown	-0.70	—	—
Martin ratio: Return relative to average drawdown	-1.43	—	—

Drawdowns

BTGD vs. MSTW - Drawdown Comparison

The maximum BTGD drawdown since its inception was -55.08%, smaller than the maximum MSTW drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for BTGD and MSTW.

Drawdown Indicators

	BTGD	MSTW	Difference
Max Drawdown Largest peak-to-trough decline	-55.08%	-82.94%	+27.86%
Max Drawdown (1Y) Largest decline over 1 year	-55.08%	—	—
Current Drawdown Current decline from peak	-55.08%	-82.94%	+27.86%
Average Drawdown Average peak-to-trough decline	-15.71%	-55.68%	+39.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.82%	—	—

Volatility

Volatility by Period

	BTGD	MSTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.30%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.64%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	57.04%	89.08%	-32.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.14%	89.08%	-32.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.14%	89.08%	-32.94%

BTGD vs. MSTW - Expense Ratio Comparison

BTGD has a 1.00% expense ratio, which is higher than MSTW's 0.99% expense ratio.

Dividends

BTGD vs. MSTW - Dividend Comparison

BTGD's dividend yield for the trailing twelve months is around 5.48%, less than MSTW's 325.95% yield.

Position	TTM	2025	2024
BTGD STKD Bitcoin & Gold ETF	5.48%	3.36%	0.19%
MSTW Roundhill MSTR WeeklyPay ETF	325.95%	106.94%	0.00%

Frequently Asked Questions

Can I hold both BTGD and MSTW in my portfolio?

BTGD and MSTW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BTGD or MSTW?

On fees, MSTW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BTGD or MSTW?

MSTW is cheaper with a 0.99% expense ratio, compared with 1.00% for BTGD.

Which ETF pays a higher dividend yield, BTGD or MSTW?

MSTW has the higher dividend yield at 325.95%, compared with 5.48% for BTGD.

What is the main difference between BTGD and MSTW?

BTGD is categorized as Cryptocurrency, while MSTW is Derivative Income. They also come from different issuers: Quantify Funds and Roundhill. Their fees differ too: 1.00% for BTGD and 0.99% for MSTW.