EETH vs. MSTY

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and YieldMax™ MSTR Option Income Strategy ETF (MSTY).

EETH and MSTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023. MSTY is an actively managed fund by YieldMax. It was launched on Feb 21, 2024.

Performance

EETH vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

EETH vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EETH ProShares Ether Strategy ETF	-30.07%	-17.19%	3.47%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-13.58%	-42.71%	200.20%

Returns By Period

In the year-to-date period, EETH achieves a -30.07% return, which is significantly lower than MSTY's -13.58% return.

EETH

• 1D: 3.88%
• 1M: 8.99%
• YTD: -30.07%
• 6M: -50.78%
• 1Y: 8.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: 2.45%
• 1M: -1.67%
• YTD: -13.58%
• 6M: -54.23%
• 1Y: -48.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EETH vs. MSTY - Expense Ratio Comparison

EETH has a 0.95% expense ratio, which is lower than MSTY's 0.99% expense ratio.

MSTY

YieldMax™ MSTR Option Income Strategy ETF

EETH

ProShares Ether Strategy ETF

Return for Risk

EETH vs. MSTY — Risk / Return Rank

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

EETH

EETH Risk / Return Rank: 18
EETH Sharpe Ratio Rank: 15
EETH Sortino Ratio Rank: 27
EETH Omega Ratio Rank: 23
EETH Calmar Ratio Rank: 14
EETH Martin Ratio Rank: 14

MSTY

MSTY Risk / Return Rank: 2
MSTY Sharpe Ratio Rank: 2
MSTY Sortino Ratio Rank: 2
MSTY Omega Ratio Rank: 2
MSTY Calmar Ratio Rank: 2
MSTY Martin Ratio Rank: 3

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.

EETH vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) 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.

	EETH	MSTY	Difference
Sharpe ratio Return per unit of total volatility	0.11	-0.77	+0.88
Sortino ratio Return per unit of downside risk	0.73	-1.05	+1.78
Omega ratio Gain probability vs. loss probability	1.08	0.88	+0.21
Calmar ratio Return relative to maximum drawdown	0.09	-0.68	+0.78
Martin ratio Return relative to average drawdown	0.19	-1.22	+1.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EETH vs. MSTY - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is 0.11, which is higher than the MSTY Sharpe Ratio of -0.77. The chart below compares the historical Sharpe Ratios of EETH and MSTY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EETH	MSTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.11	-0.77	+0.88
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.29	-0.26

Correlation

The correlation between EETH and MSTY is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

EETH vs. MSTY - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 76.20%, less than MSTY's 298.73% yield.

	TTM	2025	2024	2023
EETH ProShares Ether Strategy ETF	76.20%	56.98%	10.82%	0.52%
MSTY YieldMax™ MSTR Option Income Strategy ETF	298.73%	294.61%	104.56%	0.00%

Drawdowns

EETH vs. MSTY - Drawdown Comparison

The maximum EETH drawdown since its inception was -66.86%, smaller than the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for EETH and MSTY.

Drawdown Indicators

	EETH	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	-71.79%	+4.93%
Max Drawdown (1Y) Largest decline over 1 year	-62.71%	-71.79%	+9.08%
Current Drawdown Current decline from peak	-58.02%	-66.02%	+8.00%
Average Drawdown Average peak-to-trough decline	-27.60%	-23.37%	-4.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.21%	40.02%	-8.81%

Volatility

EETH vs. MSTY - Volatility Comparison

ProShares Ether Strategy ETF (EETH) has a higher volatility of 19.84% compared to YieldMax™ MSTR Option Income Strategy ETF (MSTY) at 14.90%. This indicates that EETH'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.

Volatility by Period

	EETH	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.84%	14.90%	+4.94%
Volatility (6M) Calculated over the trailing 6-month period	53.82%	48.86%	+4.96%
Volatility (1Y) Calculated over the trailing 1-year period	76.26%	63.88%	+12.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.52%	72.67%	-2.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.52%	72.67%	-2.15%