HDX1.DE vs. MSTY
HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - HDX1.DE is a Cryptocurrency fund tracking the Nasdaq Crypto Index, while MSTY is a Derivative Income fund actively managed by YieldMax. HDX1.DE is passively managed, while MSTY is actively managed. Over the past year, HDX1.DE returned -47.81% vs -73.35% for MSTY. A 0.55 correlation means they provide meaningful diversification when combined. HDX1.DE charges 1.00%/yr vs 0.99%/yr for MSTY.
Performance
HDX1.DE vs. MSTY - Performance Comparison
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Different Trading Currencies
HDX1.DE is traded in EUR, while MSTY is traded in USD. To make them comparable, the MSTY values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDX1.DE achieves a -27.98% return, which is significantly higher than MSTY's -31.43% return.
HDX1.DE
- 1D
- 0.00%
- 1M
- 0.70%
- 6M
- -34.42%
- YTD
- -27.98%
- 1Y
- -47.81%
- 3Y*
- 19.29%
- 5Y*
- —
- 10Y*
- —
MSTY
- 1D
- 1.38%
- 1M
- -15.99%
- 6M
- -39.50%
- YTD
- -31.43%
- 1Y
- -73.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDX1.DE vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -27.98% | -21.32% | 74.72% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -31.43% | -49.51% | 226.32% |
Correlation
The correlation between HDX1.DE and MSTY is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.55 |
The correlation between HDX1.DE and MSTY has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
HDX1.DE vs. MSTY — Risk / Return Rank
HDX1.DE
MSTY
HDX1.DE vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) 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.
| HDX1.DE | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.75 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.97 | +0.12 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.44 | +0.11 |
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Drawdowns
HDX1.DE vs. MSTY - Drawdown Comparison
The maximum HDX1.DE drawdown since its inception was -56.57%, smaller than the maximum MSTY drawdown of -77.90%. Use the drawdown chart below to compare losses from any high point for HDX1.DE and MSTY.
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Drawdown Indicators
| HDX1.DE | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -77.90% | +21.33% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -75.67% | +19.10% |
Max Drawdown (3Y)Largest decline over 3 years | -56.57% | — | — |
Current DrawdownCurrent decline from peak | -51.70% | -74.44% | +22.74% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -30.09% | +13.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.94% | 53.15% | -17.21% |
Volatility
HDX1.DE vs. MSTY - Volatility Comparison
The current volatility for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) is 10.36%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 22.31%. This indicates that HDX1.DE experiences smaller price fluctuations and is considered to be less risky 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
| HDX1.DE | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 22.31% | -11.95% |
Volatility (6M)Calculated over the trailing 6-month period | 31.54% | 51.93% | -20.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.13% | 64.08% | -19.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.37% | 71.83% | -21.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.37% | 71.83% | -21.46% |
HDX1.DE vs. MSTY - Expense Ratio Comparison
HDX1.DE has a 1.00% expense ratio, which is higher than MSTY's 0.99% expense ratio.
Dividends
HDX1.DE vs. MSTY - Dividend Comparison
HDX1.DE has not paid dividends to shareholders, while MSTY's dividend yield for the trailing twelve months is around 285.40%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | 0.00% | 0.00% | 0.00% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 285.40% | 294.61% | 104.56% |
Frequently Asked Questions
HDX1.DE and MSTY have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
MSTY is cheaper with a 0.99% expense ratio, compared with 1.00% for HDX1.DE.
HDX1.DE is categorized as Cryptocurrency, while MSTY is Derivative Income. They also come from different issuers: Hashdex and YieldMax. Their fees differ too: 1.00% for HDX1.DE and 0.99% for MSTY.
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