CRVL vs. MSTY

Last updated Jun 3, 2026

CRVL (CorVel Corporation) is a stock, while MSTY (YieldMax™ MSTR Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, CRVL returned -48.14% vs -57.30% for MSTY. At a 0.14 correlation, their price movements are largely independent.

Performance

CRVL vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CorVel Corporation (CRVL) 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, CRVL achieves a -14.87% return, which is significantly lower than MSTY's -8.55% return.

CRVL

• 1D: -7.53%
• 1M: 0.14%
• YTD: -14.87%
• 6M: -19.94%
• 1Y: -48.14%
• 3Y*: -5.46%
• 5Y*: 7.57%
• 10Y*: 12.84%

MSTY

• 1D: -8.50%
• 1M: -20.82%
• YTD: -8.55%
• 6M: -19.25%
• 1Y: -57.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CRVL vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CRVL CorVel Corporation	-14.87%	-39.18%	32.97%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-8.55%	-42.71%	200.20%

Correlation

The correlation between CRVL and MSTY is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024	0.14

The correlation between CRVL and MSTY shifts across timeframes, from -0.05 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CRVL vs. MSTY — Risk / Return Rank

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

CRVL

CRVL Risk / Return Rank: 6
CRVL Sharpe Ratio Rank: 2
CRVL Sortino Ratio Rank: 4
CRVL Omega Ratio Rank: 3
CRVL Calmar Ratio Rank: 9
CRVL Martin Ratio Rank: 11

MSTY

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

CRVL vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CorVel Corporation (CRVL) 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.

	CRVL	MSTY	Difference
Sharpe ratio Return per unit of total volatility	-1.18	-0.96	-0.22
Sortino ratio Return per unit of downside risk	-1.63	-1.53	-0.09
Omega ratio Gain probability vs. loss probability	0.75	0.83	-0.07
Calmar ratio Return relative to maximum drawdown	-0.82	-0.79	-0.03
Martin ratio Return relative to average drawdown	-1.28	-1.22	-0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRVL vs. MSTY - Sharpe Ratio Comparison

The current CRVL Sharpe Ratio is -1.18, which is comparable to the MSTY Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of CRVL 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

	CRVL	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.18	-0.96	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.31	+0.07

Drawdowns

CRVL vs. MSTY - Drawdown Comparison

The maximum CRVL drawdown since its inception was -67.12%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for CRVL and MSTY.

Drawdown Indicators

	CRVL	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-67.12%	-71.79%	+4.67%
Max Drawdown (1Y) Largest decline over 1 year	-58.86%	-71.79%	+12.93%
Max Drawdown (3Y) Largest decline over 3 years	-64.19%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-64.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-64.19%	—	—
Current Drawdown Current decline from peak	-55.15%	-64.04%	+8.89%
Average Drawdown Average peak-to-trough decline	-20.34%	-26.01%	+5.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.68%	46.68%	-9.00%

Volatility

CRVL vs. MSTY - Volatility Comparison

CorVel Corporation (CRVL) and YieldMax™ MSTR Option Income Strategy ETF (MSTY) have volatilities of 16.11% and 16.65%, 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

	CRVL	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.11%	16.65%	-0.54%
Volatility (6M) Calculated over the trailing 6-month period	39.00%	48.38%	-9.38%
Volatility (1Y) Calculated over the trailing 1-year period	40.92%	60.11%	-19.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.33%	71.83%	-38.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.49%	71.83%	-37.34%

Dividends

CRVL vs. MSTY - Dividend Comparison

CRVL has not paid dividends to shareholders, while MSTY's dividend yield for the trailing twelve months is around 251.24%.

Position	TTM	2025	2024
CRVL CorVel Corporation	0.00%	0.00%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	251.24%	294.61%	104.56%

Frequently Asked Questions

Can I hold both CRVL and MSTY in my portfolio?

CRVL and MSTY have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRVL or MSTY?

MSTY has higher volatility (16.65%) compared to CRVL (16.11%). In terms of maximum drawdown, CRVL dropped -67.12% vs MSTY's -71.79%.

Which has better risk-adjusted returns?

MSTY currently has the higher Sharpe Ratio (-0.96 vs -1.18), 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.