MSST vs. DBE
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MSST is a Derivative Income fund actively managed by YieldMax, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. MSST is actively managed, while DBE is passively managed. At a correlation of -0.09, they often move in opposite directions. MSST charges 0.99%/yr vs 0.78%/yr for DBE.
Performance
MSST vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, MSST achieves a -33.85% return, which is significantly lower than DBE's 47.67% return.
MSST
- 1D
- 6.17%
- 1M
- -25.86%
- 6M
- -33.85%
- YTD
- -33.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 0.30%
- 1M
- -17.74%
- 6M
- 47.67%
- YTD
- 47.67%
- 1Y
- 39.35%
- 3Y*
- 14.67%
- 5Y*
- 13.39%
- 10Y*
- 9.17%
MSST vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -33.85% | -24.58% |
DBE Invesco DB Energy Fund | 47.67% | -6.36% |
Correlation
The correlation between MSST and DBE is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025 | -0.09 |
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Return for Risk
MSST vs. DBE — Risk / Return Rank
MSST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBE
MSST vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.60 | — |
| Martin ratioReturn relative to average drawdown | — | 5.25 | — |
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Drawdowns
MSST vs. DBE - Drawdown Comparison
The maximum MSST drawdown since its inception was -58.68%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MSST and DBE.
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Drawdown Indicators
| MSST | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -86.69% | +28.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.72% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -50.11% | -43.94% | -6.17% |
Average DrawdownAverage peak-to-trough decline | -25.55% | -57.22% | +31.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.52% | — |
Volatility
MSST vs. DBE - Volatility Comparison
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Volatility by Period
| MSST | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 31.87% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.61% | 34.99% | +40.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.61% | 29.67% | +45.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.61% | 28.36% | +47.25% |
MSST vs. DBE - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
MSST vs. DBE - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 24.05%, more than DBE's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.62% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 24.05% | 2.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MSST and DBE have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBE is cheaper at 0.78% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBE is cheaper with a 0.78% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 24.05%, compared with 2.62% for DBE.
MSST is categorized as Derivative Income, while DBE is Oil & Gas. They also come from different issuers: YieldMax and Invesco. Their fees differ too: 0.99% for MSST and 0.78% for DBE.
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