DFDV vs. MSTY
DFDV (DeFi Development Corp) is a stock, while MSTY (YieldMax™ MSTR Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, DFDV returned -83.23% vs -61.25% for MSTY. At a 0.29 correlation, their price movements are largely independent.
Performance
DFDV vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, DFDV achieves a -40.30% return, which is significantly lower than MSTY's -14.73% return.
DFDV
- 1D
- -8.36%
- 1M
- -29.06%
- YTD
- -40.30%
- 6M
- -57.83%
- 1Y
- -83.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTY
- 1D
- -6.76%
- 1M
- -28.46%
- YTD
- -14.73%
- 6M
- -26.86%
- 1Y
- -61.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFDV vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFDV DeFi Development Corp | -40.30% | 700.93% | -52.03% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -14.73% | -42.71% | 200.20% |
Correlation
The correlation between DFDV and MSTY is 0.61, 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 | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2024 | 0.29 |
Over the past year, DFDV and MSTY have become more correlated (0.61) than their long-term average of 0.29, meaning their price movements have been converging.
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Return for Risk
DFDV vs. MSTY — Risk / Return Rank
DFDV
MSTY
DFDV vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DeFi Development Corp (DFDV) 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.
| DFDV | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.81 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.81 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.86 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.21 | -1.31 | +0.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFDV | MSTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.60 | -1.02 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.26 | -0.27 |
Drawdowns
DFDV vs. MSTY - Drawdown Comparison
The maximum DFDV drawdown since its inception was -92.25%, which is greater than MSTY's maximum drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for DFDV and MSTY.
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Drawdown Indicators
| DFDV | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.25% | -71.79% | -20.46% |
Max Drawdown (1Y)Largest decline over 1 year | -89.56% | -71.79% | -17.77% |
Current DrawdownCurrent decline from peak | -92.20% | -66.48% | -25.72% |
Average DrawdownAverage peak-to-trough decline | -72.11% | -26.09% | -46.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.54% | 46.87% | +21.67% |
Volatility
DFDV vs. MSTY - Volatility Comparison
DeFi Development Corp (DFDV) has a higher volatility of 25.31% compared to YieldMax™ MSTR Option Income Strategy ETF (MSTY) at 17.01%. This indicates that DFDV's price experiences larger fluctuations and is considered to be riskier than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFDV | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.31% | 17.01% | +8.30% |
Volatility (6M)Calculated over the trailing 6-month period | 83.96% | 48.79% | +35.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.64% | 60.44% | +78.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 520.77% | 71.92% | +448.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 520.77% | 71.92% | +448.85% |
Dividends
DFDV vs. MSTY - Dividend Comparison
DFDV has not paid dividends to shareholders, while MSTY's dividend yield for the trailing twelve months is around 269.45%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DFDV DeFi Development Corp | 0.00% | 0.00% | 0.00% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 269.45% | 294.61% | 104.56% |
Frequently Asked Questions
DFDV and MSTY have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFDV has higher volatility (25.31%) compared to MSTY (17.01%). In terms of maximum drawdown, DFDV dropped -92.25% vs MSTY's -71.79%.
DFDV currently has the higher Sharpe Ratio (-0.60 vs -1.02), 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.
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