CRCO vs. MSTY

Last updated Jun 25, 2026

CRCO (YieldMax CRCL Option Income Strategy ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. A 0.60 correlation means they provide meaningful diversification when combined. CRCO charges 1.01%/yr vs 0.99%/yr for MSTY.

Performance

CRCO vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax CRCL Option Income Strategy ETF (CRCO) 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, CRCO achieves a -6.32% return, which is significantly higher than MSTY's -34.39% return.

CRCO

• 1D: -4.30%
• 1M: -31.55%
• YTD: -6.32%
• 6M: -8.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: -9.12%
• 1M: -37.97%
• YTD: -34.39%
• 6M: -36.51%
• 1Y: -70.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRCO vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025
CRCO YieldMax CRCL Option Income Strategy ETF	-6.32%	-38.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-34.39%	-47.30%

Correlation

The correlation between CRCO and MSTY is 0.60, 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 Sep 30, 2025	0.60

Return for Risk

CRCO vs. MSTY — Risk / Return Rank

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

CRCO

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

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 0
MSTY Omega Ratio Rank: 0
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.

CRCO vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax CRCL Option Income Strategy ETF (CRCO) 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.

	CRCO	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.13	—
Sortino ratio: Return per unit of downside risk	—	-2.17	—
Omega ratio: Gain probability vs. loss probability	—	0.76	—
Calmar ratio: Return relative to maximum drawdown	—	-0.95	—
Martin ratio: Return relative to average drawdown	—	-1.42	—

Drawdowns

CRCO vs. MSTY - Drawdown Comparison

The maximum CRCO drawdown since its inception was -61.75%, smaller than the maximum MSTY drawdown of -74.21%. Use the drawdown chart below to compare losses from any high point for CRCO and MSTY.

Drawdown Indicators

	CRCO	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-61.75%	-74.21%	+12.46%
Max Drawdown (1Y) Largest decline over 1 year	—	-74.21%	—
Current Drawdown Current decline from peak	-47.33%	-74.21%	+26.88%
Average Drawdown Average peak-to-trough decline	-33.71%	-27.06%	-6.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	49.58%	—

Volatility

Volatility by Period

	CRCO	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.77%	—
Volatility (6M) Calculated over the trailing 6-month period	—	50.35%	—
Volatility (1Y) Calculated over the trailing 1-year period	85.29%	62.64%	+22.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.29%	72.01%	+13.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	85.29%	72.01%	+13.28%

CRCO vs. MSTY - Expense Ratio Comparison

CRCO has a 1.01% expense ratio, which is higher than MSTY's 0.99% expense ratio.

Dividends

CRCO vs. MSTY - Dividend Comparison

CRCO's dividend yield for the trailing twelve months is around 122.56%, less than MSTY's 314.78% yield.

Position	TTM	2025	2024
CRCO YieldMax CRCL Option Income Strategy ETF	122.56%	35.79%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	314.78%	294.61%	104.56%

Frequently Asked Questions

Can I hold both CRCO and MSTY in my portfolio?

CRCO and MSTY have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CRCO or MSTY?

On fees, MSTY 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, CRCO or MSTY?

MSTY is cheaper with a 0.99% expense ratio, compared with 1.01% for CRCO.

Which ETF pays a higher dividend yield, CRCO or MSTY?

MSTY has the higher dividend yield at 314.78%, compared with 122.56% for CRCO.

What is the main difference between CRCO and MSTY?

Their fees differ too: 1.01% for CRCO and 0.99% for MSTY.