HIYY vs. MSTY
HIYY (YieldMax HIMS Option Income Strategy ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.42 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.
Performance
HIYY vs. MSTY - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HIYY having a -13.14% return and MSTY slightly higher at -12.93%.
HIYY
- 1D
- 0.70%
- 1M
- 4.42%
- YTD
- -13.14%
- 6M
- -25.84%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTY
- 1D
- 2.11%
- 1M
- -27.89%
- YTD
- -12.93%
- 6M
- -25.20%
- 1Y
- -59.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HIYY vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | -13.14% | -37.26% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -12.93% | -48.60% |
Correlation
The correlation between HIYY and MSTY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 24, 2025 | 0.42 |
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Return for Risk
HIYY vs. MSTY — Risk / Return Rank
HIYY
MSTY
HIYY vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax HIMS Option Income Strategy ETF (HIYY) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| HIYY | MSTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.27 | -0.96 |
Drawdowns
HIYY vs. MSTY - Drawdown Comparison
The maximum HIYY drawdown since its inception was -73.95%, roughly equal to the maximum MSTY drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for HIYY and MSTY.
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Drawdown Indicators
| HIYY | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.95% | -71.79% | -2.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -71.79% | — |
Current DrawdownCurrent decline from peak | -50.48% | -65.77% | +15.29% |
Average DrawdownAverage peak-to-trough decline | -43.96% | -26.15% | -17.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 47.05% | — |
Volatility
HIYY vs. MSTY - Volatility Comparison
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Volatility by Period
| HIYY | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.17% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 48.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 85.41% | 60.41% | +25.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.41% | 71.87% | +13.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.41% | 71.87% | +13.54% |
HIYY vs. MSTY - Expense Ratio Comparison
Both HIYY and MSTY have an expense ratio of 0.99%.
Dividends
HIYY vs. MSTY - Dividend Comparison
HIYY's dividend yield for the trailing twelve months is around 90.21%, less than MSTY's 268.88% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
HIYY YieldMax HIMS Option Income Strategy ETF | 90.21% | 29.99% | 0.00% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 268.88% | 294.61% | 104.56% |
Frequently Asked Questions
HIYY and MSTY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
HIYY and MSTY have the same expense ratio: 0.99% per year.
MSTY has the higher dividend yield at 268.88%, compared with 90.21% for HIYY.
Find the right allocation for HIYY and MSTY
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