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 -87.54% vs -66.58% for MSTY. At a 0.30 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 -44.36% return, which is significantly lower than MSTY's -27.80% return.
DFDV
- 1D
- -4.42%
- 1M
- -30.96%
- YTD
- -44.36%
- 6M
- -48.25%
- 1Y
- -87.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTY
- 1D
- -4.55%
- 1M
- -31.74%
- YTD
- -27.80%
- 6M
- -29.80%
- 1Y
- -66.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DFDV vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFDV DeFi Development Corp | -44.36% | 700.93% | -51.84% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -27.80% | -42.71% | 212.16% |
Correlation
The correlation between DFDV 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 | 0.30 |
Over the past year, DFDV and MSTY have become more correlated (0.64) than their long-term average of 0.30, 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.
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.
| DFDV | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.38 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.79 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.93 | -0.04 |
| Martin ratioReturn relative to average drawdown | -1.25 | -1.35 | +0.10 |
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Drawdowns
DFDV vs. MSTY - Drawdown Comparison
The maximum DFDV drawdown since its inception was -93.13%, 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 | -93.13% | -71.79% | -21.34% |
Max Drawdown (1Y)Largest decline over 1 year | -90.38% | -71.79% | -18.59% |
Current DrawdownCurrent decline from peak | -92.73% | -71.62% | -21.11% |
Average DrawdownAverage peak-to-trough decline | -73.00% | -26.97% | -46.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 70.23% | 49.36% | +20.87% |
Volatility
DFDV vs. MSTY - Volatility Comparison
DeFi Development Corp (DFDV) has a higher volatility of 28.07% compared to YieldMax™ MSTR Option Income Strategy ETF (MSTY) at 19.32%. 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 | 28.07% | 19.32% | +8.75% |
Volatility (6M)Calculated over the trailing 6-month period | 84.54% | 49.66% | +34.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 126.18% | 62.02% | +64.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 515.96% | 71.82% | +444.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 515.96% | 71.82% | +444.14% |
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 286.06%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
DFDV DeFi Development Corp | 0.00% | 0.00% | 0.00% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 286.06% | 294.61% | 104.56% |
Frequently Asked Questions
DFDV 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.
DFDV has higher volatility (28.07%) compared to MSTY (19.32%). In terms of maximum drawdown, DFDV dropped -93.13% vs MSTY's -71.79%.
DFDV currently has the higher Sharpe Ratio (-0.69 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.
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