MSST vs. CMDY
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and CMDY (iShares Bloomberg Roll Select Commodity Strategy ETF) are both exchange-traded funds - MSST is a Derivative Income fund actively managed by YieldMax, while CMDY is a Commodities fund tracking the Bloomberg Roll Select Commodity Total Return Index. MSST is actively managed, while CMDY is passively managed. Their -0.04 correlation means they have often moved in opposite directions in the past. MSST charges 0.99%/yr vs 0.28%/yr for CMDY.
Performance
MSST vs. CMDY - Performance Comparison
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Returns By Period
In the year-to-date period, MSST achieves a -35.27% return, which is significantly lower than CMDY's 19.88% return.
MSST
- 1D
- 2.21%
- 1M
- -2.15%
- 6M
- -31.56%
- YTD
- -35.27%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
CMDY
- 1D
- -0.80%
- 1M
- 6.02%
- 6M
- 13.61%
- YTD
- 19.88%
- 1Y
- 31.89%
- 3Y*
- 11.78%
- 5Y*
- 9.60%
- 10Y*
- —
- ALL TIME*
- 7.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.77M | $2.78M | $3.98M | |
| $41.31K | $30.03K | $53.26K |
MSST vs. CMDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -35.27% | -24.58% |
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 19.88% | 1.41% |
Correlation
The correlation between MSST and CMDY is -0.04, 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 | -0.04 |
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Return for Risk
MSST vs. CMDY — Risk / Return Rank
MSST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CMDY
MSST vs. CMDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). 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 | CMDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.25 | — |
| Martin ratioReturn relative to average drawdown | — | 7.22 | — |
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Drawdowns
MSST vs. CMDY - Drawdown Comparison
The maximum MSST drawdown since its inception was -58.68%, which is greater than CMDY's maximum drawdown of -31.19%. Use the drawdown chart below to compare losses from any high point for MSST and CMDY.
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Drawdown Indicators
| MSST | CMDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -31.19% | -27.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.23% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.23% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.56% | — |
Current DrawdownCurrent decline from peak | -51.18% | -8.23% | -42.95% |
Average DrawdownAverage peak-to-trough decline | -28.63% | -13.06% | -15.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.43% | — |
Volatility
MSST vs. CMDY - Volatility Comparison
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Volatility by Period
| MSST | CMDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.16% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.81% | 16.63% | +56.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.81% | 15.76% | +57.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.81% | 14.64% | +58.17% |
MSST vs. CMDY - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than CMDY's 0.28% expense ratio.
Dividends
MSST vs. CMDY - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 26.98%, more than CMDY's 10.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CMDY iShares Bloomberg Roll Select Commodity Strategy ETF | 10.76% | 12.89% | 4.23% | 5.10% | 3.98% | 16.09% | 0.15% | 2.21% | 1.73% |
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 26.98% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSST and CMDY have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMDY is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMDY is cheaper with a 0.28% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 26.98%, compared with 10.76% for CMDY.
MSST is categorized as Derivative Income, while CMDY is Commodities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSST and 0.28% for CMDY.
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