MSST vs. ACLO

Last updated Aug 4, 2026

MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and ACLO (TCW AAA CLO ETF) are both exchange-traded funds - MSST is a Derivative Income fund actively managed by YieldMax, while ACLO is a CLO fund actively managed by TCW. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. MSST charges 0.99%/yr vs 0.20%/yr for ACLO.

Performance

MSST vs. ACLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and TCW AAA CLO ETF (ACLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSST achieves a -35.27% return, which is significantly lower than ACLO's 3.00% return.

MSST

• 1D: 2.21%
• 1M: -2.15%
• 6M: -31.56%
• YTD: -35.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ACLO

• 1D: -0.02%
• 1M: 0.45%
• 6M: 2.36%
• YTD: 3.00%
• 1Y: 5.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.38%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACLO TCW AAA CLO ETF	$1.35M	$998.55K	$1.41M
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	$41.31K	$30.03K	$53.26K

MSST vs. ACLO - Yearly Performance Comparison

	2026 (YTD)	2025
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	-35.27%	-24.58%
ACLO TCW AAA CLO ETF	3.00%	0.55%

Correlation

The correlation between MSST and ACLO is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	-0.02

Return for Risk

MSST vs. ACLO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MSST

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

ACLO

ACLO Risk / Return Rank: 99
ACLO Sharpe Ratio Rank: 99
ACLO Sortino Ratio Rank: 99
ACLO Omega Ratio Rank: 99
ACLO Calmar Ratio Rank: 99
ACLO Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MSST vs. ACLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and TCW AAA CLO ETF (ACLO). 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.

	MSST	ACLO	Difference
Sharpe ratio: Return per unit of total volatility	—	7.29	—
Sortino ratio: Return per unit of downside risk	—	15.15	—
Omega ratio: Gain probability vs. loss probability	—	3.42	—
Calmar ratio: Return relative to maximum drawdown	—	19.49	—
Martin ratio: Return relative to average drawdown	—	164.43	—

Drawdowns

MSST vs. ACLO - Drawdown Comparison

The maximum MSST drawdown since its inception was -58.68%, which is greater than ACLO's maximum drawdown of -1.01%. Use the drawdown chart below to compare losses from any high point for MSST and ACLO.

Drawdown Indicators

	MSST	ACLO	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-1.01%	-57.67%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.27%	—
Current Drawdown Current decline from peak	-51.18%	-0.02%	-51.16%
Average Drawdown Average peak-to-trough decline	-28.63%	-0.04%	-28.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.03%	—

Volatility

Volatility by Period

	MSST	ACLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	72.81%	0.72%	+72.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.81%	1.05%	+71.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.81%	1.05%	+71.76%

MSST vs. ACLO - Expense Ratio Comparison

MSST has a 0.99% expense ratio, which is higher than ACLO's 0.20% expense ratio.

Dividends

MSST vs. ACLO - Dividend Comparison

MSST's dividend yield for the trailing twelve months is around 26.98%, more than ACLO's 4.89% yield.

Position	TTM	2025	2024
ACLO TCW AAA CLO ETF	4.89%	4.87%	0.59%
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	26.98%	2.71%	0.00%

Frequently Asked Questions

Can I hold both MSST and ACLO in my portfolio?

MSST and ACLO have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSST or ACLO?

On fees, ACLO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSST or ACLO?

ACLO is cheaper with a 0.20% expense ratio, compared with 0.99% for MSST.

Which ETF pays a higher dividend yield, MSST or ACLO?

MSST has the higher dividend yield at 26.98%, compared with 4.89% for ACLO.

What is the main difference between MSST and ACLO?

MSST is categorized as Derivative Income, while ACLO is CLO. They also come from different issuers: YieldMax and TCW. Their fees differ too: 0.99% for MSST and 0.20% for ACLO.