MSST vs. FYEE
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and FYEE (Fidelity Yield Enhanced Equity ETF) are both Derivative Income funds. Both are actively managed. At a 0.41 correlation, their price movements are largely independent. MSST charges 0.99%/yr vs 0.28%/yr for FYEE.
Performance
MSST vs. FYEE - Performance Comparison
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Returns By Period
In the year-to-date period, MSST achieves a -20.98% return, which is significantly lower than FYEE's 4.84% return.
MSST
- 1D
- -7.10%
- 1M
- -34.34%
- YTD
- -20.98%
- 6M
- -31.73%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FYEE
- 1D
- -2.28%
- 1M
- 0.55%
- YTD
- 4.84%
- 6M
- 5.77%
- 1Y
- 22.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSST vs. FYEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -20.98% | -22.94% |
FYEE Fidelity Yield Enhanced Equity ETF | 4.84% | 4.86% |
Correlation
The correlation between MSST and FYEE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.41 |
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Return for Risk
MSST vs. FYEE — Risk / Return Rank
MSST
FYEE
MSST vs. FYEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and Fidelity Yield Enhanced Equity ETF (FYEE). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MSST | FYEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.24 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.83 | 1.15 | -1.98 |
Drawdowns
MSST vs. FYEE - Drawdown Comparison
The maximum MSST drawdown since its inception was -44.05%, which is greater than FYEE's maximum drawdown of -18.79%. Use the drawdown chart below to compare losses from any high point for MSST and FYEE.
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Drawdown Indicators
| MSST | FYEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.05% | -18.79% | -25.26% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.39% | — |
Current DrawdownCurrent decline from peak | -39.11% | -2.34% | -36.77% |
Average DrawdownAverage peak-to-trough decline | -21.28% | -2.25% | -19.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.45% | — |
Volatility
MSST vs. FYEE - Volatility Comparison
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Volatility by Period
| MSST | FYEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.81% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.68% | 9.91% | +62.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.68% | 13.91% | +58.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.68% | 13.91% | +58.77% |
MSST vs. FYEE - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than FYEE's 0.28% expense ratio.
Dividends
MSST vs. FYEE - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 17.99%, more than FYEE's 7.73% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FYEE Fidelity Yield Enhanced Equity ETF | 7.73% | 7.08% | 5.45% |
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 17.99% | 2.71% | 0.00% |
Frequently Asked Questions
MSST and FYEE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FYEE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FYEE is cheaper with a 0.28% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 17.99%, compared with 7.73% for FYEE.
They also come from different issuers: YieldMax and Fidelity. Their fees differ too: 0.99% for MSST and 0.28% for FYEE.
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