MSDD vs. YQQQ

Last updated Jul 12, 2026

MSDD (GraniteShares 2x Short MSTR Daily ETF) and YQQQ (YieldMax Short N100 Option Income Strategy ETF) are both exchange-traded funds - MSDD is a Inverse Equities fund actively managed by GraniteShares, while YQQQ is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, MSDD returned 151.71% vs -9.22% for YQQQ. At a 0.45 correlation, their price movements are largely independent. MSDD charges 1.50%/yr vs 0.99%/yr for YQQQ.

Performance

MSDD vs. YQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Short MSTR Daily ETF (MSDD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSDD achieves a -48.72% return, which is significantly lower than YQQQ's -6.58% return.

MSDD

• 1D: 0.00%
• 1M: -0.02%
• 6M: -43.28%
• YTD: -48.72%
• 1Y: 151.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YQQQ

• 1D: -0.16%
• 1M: 1.19%
• 6M: -5.53%
• YTD: -6.58%
• 1Y: -9.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MSDD vs. YQQQ - Yearly Performance Comparison

	2026 (YTD)	2025
MSDD GraniteShares 2x Short MSTR Daily ETF	-48.72%	274.52%
YQQQ YieldMax Short N100 Option Income Strategy ETF	-6.58%	-5.54%

Correlation

The correlation between MSDD and YQQQ is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jun 10, 2025	0.45

Return for Risk

MSDD vs. YQQQ — Risk / Return Rank

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

MSDD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YQQQ

YQQQ Risk / Return Rank: 5
YQQQ Sharpe Ratio Rank: 4
YQQQ Sortino Ratio Rank: 4
YQQQ Omega Ratio Rank: 4
YQQQ Calmar Ratio Rank: 6
YQQQ Martin Ratio Rank: 5

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.

MSDD vs. YQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Short MSTR Daily ETF (MSDD) and YieldMax Short N100 Option Income Strategy ETF (YQQQ). 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.

	MSDD	YQQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.55	-0.66	+1.22
Sortino ratio: Return per unit of downside risk	1.66	-0.84	+2.51
Omega ratio: Gain probability vs. loss probability	1.22	0.90	+0.31
Calmar ratio: Return relative to maximum drawdown	0.92	-0.42	+1.34
Martin ratio: Return relative to average drawdown	1.81	-0.98	+2.80

MSDD vs. YQQQ - Sharpe Ratio Comparison

The current MSDD Sharpe Ratio is 0.55, which is higher than the YQQQ Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of MSDD and YQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MSDD vs. YQQQ - Drawdown Comparison

The maximum MSDD drawdown since its inception was -84.91%, which is greater than YQQQ's maximum drawdown of -29.10%. Use the drawdown chart below to compare losses from any high point for MSDD and YQQQ.

Drawdown Indicators

	MSDD	YQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-84.91%	-29.10%	-55.81%
Max Drawdown (1Y) Largest decline over 1 year	-84.91%	-21.80%	-63.11%
Current Drawdown Current decline from peak	-68.63%	-26.31%	-42.32%
Average Drawdown Average peak-to-trough decline	-31.40%	-14.87%	-16.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.10%	9.25%	+33.85%

Volatility

MSDD vs. YQQQ - Volatility Comparison

GraniteShares 2x Short MSTR Daily ETF (MSDD) has a higher volatility of 32.11% compared to YieldMax Short N100 Option Income Strategy ETF (YQQQ) at 6.33%. This indicates that MSDD's price experiences larger fluctuations and is considered to be riskier than YQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSDD	YQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.11%	6.33%	+25.78%
Volatility (6M) Calculated over the trailing 6-month period	124.37%	11.58%	+112.79%
Volatility (1Y) Calculated over the trailing 1-year period	140.94%	13.82%	+127.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	138.59%	16.56%	+122.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	138.59%	16.56%	+122.03%

MSDD vs. YQQQ - Expense Ratio Comparison

MSDD has a 1.50% expense ratio, which is higher than YQQQ's 0.99% expense ratio.

Dividends

MSDD vs. YQQQ - Dividend Comparison

MSDD has not paid dividends to shareholders, while YQQQ's dividend yield for the trailing twelve months is around 29.59%.

Position	TTM	2025	2024
MSDD GraniteShares 2x Short MSTR Daily ETF	0.00%	0.00%	0.00%
YQQQ YieldMax Short N100 Option Income Strategy ETF	29.59%	31.71%	7.88%

Frequently Asked Questions

Can I hold both MSDD and YQQQ in my portfolio?

MSDD and YQQQ have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSDD or YQQQ?

MSDD has higher volatility (32.11%) compared to YQQQ (6.33%). In terms of maximum drawdown, MSDD dropped -84.91% vs YQQQ's -29.10%.

Which ETF is better, MSDD or YQQQ?

On 1-year performance, MSDD leads with 151.71% vs -9.22% for YQQQ. On fees, YQQQ is cheaper at 0.99% per year. On volatility, YQQQ has been the lower-risk option at 6.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSDD or YQQQ?

Over the 1-year period, MSDD has performed better with a 151.71% return vs -9.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSDD or YQQQ?

YQQQ is cheaper with a 0.99% expense ratio, compared with 1.50% for MSDD.

Which ETF pays a higher dividend yield, MSDD or YQQQ?

YQQQ has the higher dividend yield at 29.59%, compared with 0.00% for MSDD.

What is the main difference between MSDD and YQQQ?

MSDD is categorized as Inverse Equities, while YQQQ is Derivative Income. They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.50% for MSDD and 0.99% for YQQQ.

Which has better risk-adjusted returns?

MSDD currently has the higher Sharpe Ratio (0.55 vs -0.66), 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.