MSST vs. GSG
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - MSST is a Derivative Income fund actively managed by YieldMax, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. MSST is actively managed, while GSG is passively managed. At a correlation of -0.07, they often move in opposite directions. MSST charges 0.99%/yr vs 0.75%/yr for GSG.
Performance
MSST vs. GSG - 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 GSG's 23.03% return.
MSST
- 1D
- 6.17%
- 1M
- -25.86%
- 6M
- -33.85%
- YTD
- -33.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GSG
- 1D
- 0.14%
- 1M
- -13.06%
- 6M
- 23.03%
- YTD
- 23.03%
- 1Y
- 25.92%
- 3Y*
- 13.39%
- 5Y*
- 11.78%
- 10Y*
- 6.09%
MSST vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -33.85% | -24.58% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 23.03% | -0.73% |
Correlation
The correlation between MSST and GSG is -0.07, 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 | -0.07 |
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Return for Risk
MSST vs. GSG — Risk / Return Rank
MSST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GSG
MSST vs. GSG - 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 S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | 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 | — | 1.38 | — |
| Martin ratioReturn relative to average drawdown | — | 5.19 | — |
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Drawdowns
MSST vs. GSG - Drawdown Comparison
The maximum MSST drawdown since its inception was -58.68%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for MSST and GSG.
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Drawdown Indicators
| MSST | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -89.62% | +30.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.81% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -50.11% | -62.86% | +12.75% |
Average DrawdownAverage peak-to-trough decline | -25.55% | -63.69% | +38.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.01% | — |
Volatility
MSST vs. GSG - Volatility Comparison
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Volatility by Period
| MSST | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.62% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 21.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.61% | 23.02% | +52.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.61% | 22.73% | +52.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.61% | 22.01% | +53.60% |
MSST vs. GSG - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than GSG's 0.75% expense ratio.
Dividends
MSST vs. GSG - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 24.05%, while GSG has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% |
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | 24.05% | 2.71% |
Frequently Asked Questions
MSST and GSG have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GSG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GSG is cheaper with a 0.75% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 24.05%, compared with 0.00% for GSG.
MSST is categorized as Derivative Income, while GSG is Commodities. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSST and 0.75% for GSG.
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