MSST vs. FAAR
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - MSST is a Derivative Income fund actively managed by YieldMax, while FAAR is a Commodities fund actively managed by First Trust. Both are actively managed. At a correlation of -0.00, they often move in opposite directions. MSST charges 0.99%/yr vs 0.95%/yr for FAAR.
Performance
MSST vs. FAAR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MSST achieves a -33.85% return, which is significantly lower than FAAR's 16.91% return.
MSST
- 1D
- 6.17%
- 1M
- -25.86%
- 6M
- -33.85%
- YTD
- -33.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FAAR
- 1D
- 0.14%
- 1M
- -7.00%
- 6M
- 16.91%
- YTD
- 16.91%
- 1Y
- 25.28%
- 3Y*
- 9.67%
- 5Y*
- 6.87%
- 10Y*
- 4.51%
MSST vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -33.85% | -24.58% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 16.91% | -2.24% |
Correlation
The correlation between MSST and FAAR is -0.00, 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 | -0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSST vs. FAAR — Risk / Return Rank
MSST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FAAR
MSST vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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 | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.11 | — |
| Martin ratioReturn relative to average drawdown | — | 11.20 | — |
Loading charts...
Drawdowns
MSST vs. FAAR - Drawdown Comparison
The maximum MSST drawdown since its inception was -58.68%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for MSST and FAAR.
Loading charts...
Drawdown Indicators
| MSST | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -18.03% | -40.65% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.54% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.03% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -50.11% | -8.04% | -42.07% |
Average DrawdownAverage peak-to-trough decline | -25.55% | -7.82% | -17.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.26% | — |
Volatility
MSST vs. FAAR - Volatility Comparison
Loading charts...
Volatility by Period
| MSST | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.76% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.61% | 13.11% | +62.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.61% | 12.96% | +62.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.61% | 11.55% | +64.06% |
MSST vs. FAAR - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than FAAR's 0.95% expense ratio.
Dividends
MSST vs. FAAR - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 24.05%, more than FAAR's 9.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.79% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
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% | 0.00% |
Frequently Asked Questions
MSST and FAAR have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FAAR is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FAAR is cheaper with a 0.95% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 24.05%, compared with 9.79% for FAAR.
MSST is categorized as Derivative Income, while FAAR is Commodities. They also come from different issuers: YieldMax and First Trust. Their fees differ too: 0.99% for MSST and 0.95% for FAAR.
Find the right allocation for MSST and FAAR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer