IMST vs. MSTW
IMST (Bitwise Funds Trust) and MSTW (Roundhill MSTR WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.
Performance
IMST vs. MSTW - Performance Comparison
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Returns By Period
In the year-to-date period, IMST achieves a -25.05% return, which is significantly higher than MSTW's -40.29% return.
IMST
- 1D
- -1.74%
- 1M
- -26.67%
- YTD
- -25.05%
- 6M
- -27.13%
- 1Y
- -66.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSTW
- 1D
- -5.77%
- 1M
- -41.43%
- YTD
- -40.29%
- 6M
- -43.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST vs. MSTW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMST Bitwise Funds Trust | -25.05% | -57.66% |
MSTW Roundhill MSTR WeeklyPay ETF | -40.29% | -71.40% |
Correlation
The correlation between IMST and MSTW is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025 | 0.97 |
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Return for Risk
IMST vs. MSTW — Risk / Return Rank
IMST
MSTW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMST vs. MSTW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) and Roundhill MSTR WeeklyPay ETF (MSTW). 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.
| IMST | MSTW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.77 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | — | — |
| Martin ratioReturn relative to average drawdown | -1.36 | — | — |
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Drawdowns
IMST vs. MSTW - Drawdown Comparison
The maximum IMST drawdown since its inception was -70.68%, smaller than the maximum MSTW drawdown of -82.94%. Use the drawdown chart below to compare losses from any high point for IMST and MSTW.
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Drawdown Indicators
| IMST | MSTW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.68% | -82.94% | +12.26% |
Max Drawdown (1Y)Largest decline over 1 year | -70.68% | — | — |
Current DrawdownCurrent decline from peak | -70.68% | -82.94% | +12.26% |
Average DrawdownAverage peak-to-trough decline | -36.57% | -55.68% | +19.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.73% | — | — |
Volatility
IMST vs. MSTW - Volatility Comparison
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Volatility by Period
| IMST | MSTW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.47% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 44.16% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 58.04% | 89.08% | -31.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.62% | 89.08% | -29.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.62% | 89.08% | -29.46% |
IMST vs. MSTW - Expense Ratio Comparison
Both IMST and MSTW have an expense ratio of 0.99%.
Dividends
IMST vs. MSTW - Dividend Comparison
IMST's dividend yield for the trailing twelve months is around 251.60%, less than MSTW's 325.95% yield.
| Position | TTM | 2025 |
|---|---|---|
IMST Bitwise Funds Trust | 251.60% | 195.93% |
MSTW Roundhill MSTR WeeklyPay ETF | 325.95% | 106.94% |
Frequently Asked Questions
With a correlation of 0.97, IMST and MSTW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IMST and MSTW have the same expense ratio: 0.99% per year.
MSTW has the higher dividend yield at 325.95%, compared with 251.60% for IMST.
They also come from different issuers: Bitwise and Roundhill.
Find the right allocation for IMST and MSTW
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