MSST vs. MSTY

Last updated Jul 3, 2026

MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.99% expense ratio.

Performance

MSST vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSST achieves a -33.85% return, which is significantly lower than MSTY's -31.49% return.

MSST

• 1D: 6.17%
• 1M: -25.86%
• 6M: -33.85%
• YTD: -33.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTY

• 1D: 5.97%
• 1M: -25.09%
• 6M: -31.49%
• YTD: -31.49%
• 1Y: -70.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSST vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	-33.85%	-24.58%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-31.49%	-16.69%

Correlation

The correlation between MSST and MSTY is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.98

Return for Risk

MSST vs. MSTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSST

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 1
MSTY Omega Ratio Rank: 1
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSST vs. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax MSTR Performance & Distribution Target 25 ETF (MSST) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	—	-1.09	—
Sortino ratio: Return per unit of downside risk	—	-2.12	—
Omega ratio: Gain probability vs. loss probability	—	0.77	—
Calmar ratio: Return relative to maximum drawdown	—	-0.91	—
Martin ratio: Return relative to average drawdown	—	-1.38	—

Drawdowns

MSST vs. MSTY - Drawdown Comparison

The maximum MSST drawdown since its inception was -58.68%, smaller than the maximum MSTY drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for MSST and MSTY.

Drawdown Indicators

	MSST	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-77.40%	+18.72%
Max Drawdown (1Y) Largest decline over 1 year	—	-77.40%	—
Current Drawdown Current decline from peak	-50.11%	-73.06%	+22.95%
Average Drawdown Average peak-to-trough decline	-25.55%	-27.55%	+2.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.92%	—

Volatility

Volatility by Period

	MSST	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	26.39%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.61%	64.82%	+10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.61%	72.62%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.61%	72.62%	+2.99%

MSST vs. MSTY - Expense Ratio Comparison

Both MSST and MSTY have an expense ratio of 0.99%.

Dividends

MSST vs. MSTY - Dividend Comparison

MSST's dividend yield for the trailing twelve months is around 24.05%, less than MSTY's 311.97% yield.

Position	TTM	2025	2024
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	24.05%	2.71%	0.00%
MSTY YieldMax™ MSTR Option Income Strategy ETF	311.97%	294.61%	104.56%

Frequently Asked Questions

Can I hold both MSST and MSTY in my portfolio?

With a correlation of 0.98, MSST and MSTY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, MSST or MSTY?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MSST or MSTY?

MSST and MSTY have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, MSST or MSTY?

MSTY has the higher dividend yield at 311.97%, compared with 24.05% for MSST.