ICLN vs. MSTY
ICLN (iShares Global Clean Energy ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - ICLN is a Alternative Energy Equities fund tracking the S&P Global Clean Energy Index, while MSTY is a Derivative Income fund actively managed by YieldMax. ICLN is passively managed, while MSTY is actively managed. Over the past year, ICLN returned 61.48% vs -60.49% for MSTY. At a 0.30 correlation, their price movements are largely independent. ICLN charges 0.39%/yr vs 0.99%/yr for MSTY.
Performance
ICLN vs. MSTY - Performance Comparison
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Returns By Period
In the year-to-date period, ICLN achieves a 28.34% return, which is significantly higher than MSTY's -12.23% return.
ICLN
- 1D
- 0.80%
- 1M
- -3.23%
- YTD
- 28.34%
- 6M
- 28.17%
- 1Y
- 61.48%
- 3Y*
- 5.46%
- 5Y*
- -0.17%
- 10Y*
- 11.52%
MSTY
- 1D
- 4.50%
- 1M
- -23.91%
- YTD
- -12.23%
- 6M
- -15.80%
- 1Y
- -60.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICLN vs. MSTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 28.34% | 47.05% | -18.26% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | -12.23% | -42.71% | 212.16% |
Correlation
The correlation between ICLN and MSTY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024 | 0.30 |
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Return for Risk
ICLN vs. MSTY — Risk / Return Rank
ICLN
MSTY
ICLN vs. MSTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Clean Energy ETF (ICLN) 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.
| ICLN | MSTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +4.39 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.82 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | -0.84 | +4.62 |
| Martin ratioReturn relative to average drawdown | 13.82 | -1.25 | +15.07 |
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Drawdowns
ICLN vs. MSTY - Drawdown Comparison
The maximum ICLN drawdown since its inception was -87.15%, which is greater than MSTY's maximum drawdown of -71.79%. Use the drawdown chart below to compare losses from any high point for ICLN and MSTY.
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Drawdown Indicators
| ICLN | MSTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.15% | -71.79% | -15.36% |
Max Drawdown (1Y)Largest decline over 1 year | -16.38% | -71.79% | +55.41% |
Max Drawdown (3Y)Largest decline over 3 years | -43.18% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.16% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.75% | — | — |
Current DrawdownCurrent decline from peak | -42.58% | -65.49% | +22.91% |
Average DrawdownAverage peak-to-trough decline | -66.55% | -26.61% | -39.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 48.38% | -43.92% |
Volatility
ICLN vs. MSTY - Volatility Comparison
The current volatility for iShares Global Clean Energy ETF (ICLN) is 12.94%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 19.30%. This indicates that ICLN 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
| ICLN | MSTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.94% | 19.30% | -6.36% |
Volatility (6M)Calculated over the trailing 6-month period | 22.57% | 49.85% | -27.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.28% | 61.63% | -33.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.55% | 71.87% | -44.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 71.87% | -44.54% |
ICLN vs. MSTY - Expense Ratio Comparison
ICLN has a 0.39% expense ratio, which is lower than MSTY's 0.99% expense ratio.
Dividends
ICLN vs. MSTY - Dividend Comparison
ICLN's dividend yield for the trailing twelve months is around 1.54%, less than MSTY's 230.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICLN iShares Global Clean Energy ETF | 1.54% | 1.63% | 1.85% | 1.59% | 0.89% | 1.18% | 0.34% | 1.36% | 2.77% | 2.49% | 3.88% | 2.36% |
MSTY YieldMax™ MSTR Option Income Strategy ETF | 230.78% | 294.61% | 104.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ICLN and MSTY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSTY has higher volatility (19.30%) compared to ICLN (12.94%). In terms of maximum drawdown, ICLN dropped -87.15% vs MSTY's -71.79%.
On 1-year performance, ICLN leads with 61.48% vs -60.49% for MSTY. On fees, ICLN is cheaper at 0.39% per year. On volatility, ICLN has been the lower-risk option at 12.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ICLN has performed better with a 61.48% return vs -60.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ICLN is cheaper with a 0.39% expense ratio, compared with 0.99% for MSTY.
MSTY has the higher dividend yield at 230.78%, compared with 1.54% for ICLN.
ICLN is categorized as Alternative Energy Equities, while MSTY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.39% for ICLN and 0.99% for MSTY.
ICLN currently has the higher Sharpe Ratio (2.19 vs -0.99), 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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