MSST vs. HDV
MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and HDV (iShares Core High Dividend ETF) are both exchange-traded funds - MSST is a Derivative Income fund actively managed by YieldMax, while HDV is a Dividend fund tracking the Morningstar Dividend Yield Focus Index. MSST is actively managed, while HDV is passively managed. At a correlation of -0.02, they often move in opposite directions. MSST charges 0.99%/yr vs 0.08%/yr for HDV.
Performance
MSST vs. HDV - 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 HDV's 16.78% return.
MSST
- 1D
- 6.17%
- 1M
- -25.86%
- 6M
- -33.85%
- YTD
- -33.85%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDV
- 1D
- 2.30%
- 1M
- 4.01%
- 6M
- 16.78%
- YTD
- 16.78%
- 1Y
- 21.52%
- 3Y*
- 15.37%
- 5Y*
- 11.39%
- 10Y*
- 9.33%
MSST vs. HDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MSST YieldMax MSTR Performance & Distribution Target 25 ETF | -33.85% | -24.58% |
HDV iShares Core High Dividend ETF | 16.78% | 1.04% |
Correlation
The correlation between MSST and HDV is -0.02, 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 | -0.02 |
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Return for Risk
MSST vs. HDV — Risk / Return Rank
MSST
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HDV
MSST vs. HDV - 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 Core High Dividend ETF (HDV). 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 | HDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.17 | — |
| Martin ratioReturn relative to average drawdown | — | 11.38 | — |
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Drawdowns
MSST vs. HDV - Drawdown Comparison
The maximum MSST drawdown since its inception was -58.68%, which is greater than HDV's maximum drawdown of -37.04%. Use the drawdown chart below to compare losses from any high point for MSST and HDV.
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Drawdown Indicators
| MSST | HDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -37.04% | -21.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.18% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.49% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.04% | — |
Current DrawdownCurrent decline from peak | -50.11% | 0.00% | -50.11% |
Average DrawdownAverage peak-to-trough decline | -25.55% | -3.08% | -22.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.90% | — |
Volatility
MSST vs. HDV - Volatility Comparison
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Volatility by Period
| MSST | HDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.08% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 75.61% | 10.23% | +65.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.61% | 12.86% | +62.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.61% | 15.73% | +59.88% |
MSST vs. HDV - Expense Ratio Comparison
MSST has a 0.99% expense ratio, which is higher than HDV's 0.08% expense ratio.
Dividends
MSST vs. HDV - Dividend Comparison
MSST's dividend yield for the trailing twelve months is around 24.05%, more than HDV's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDV iShares Core High Dividend ETF | 2.83% | 3.22% | 3.67% | 3.82% | 3.56% | 3.47% | 4.07% | 3.27% | 3.67% | 3.27% | 3.28% | 3.92% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
MSST and HDV have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDV is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDV is cheaper with a 0.08% expense ratio, compared with 0.99% for MSST.
MSST has the higher dividend yield at 24.05%, compared with 2.83% for HDV.
MSST is categorized as Derivative Income, while HDV is Dividend. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for MSST and 0.08% for HDV.
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