MSST vs. NVDY

Last updated Jul 3, 2026

MSST (YieldMax MSTR Performance & Distribution Target 25 ETF) and NVDY (YieldMax NVDA Option Income Strategy ETF) are both Derivative Income funds from YieldMax. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

MSST vs. NVDY - 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 NVDA Option Income Strategy ETF (NVDY). 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 NVDY's 4.97% return.

MSST

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

NVDY

• 1D: -1.32%
• 1M: -9.22%
• 6M: 4.97%
• YTD: 4.97%
• 1Y: 24.41%
• 3Y*: 49.08%
• 5Y*: —
• 10Y*: —

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

MSST vs. NVDY - Yearly Performance Comparison

	2026 (YTD)	2025
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	-33.85%	-24.58%
NVDY YieldMax NVDA Option Income Strategy ETF	4.97%	2.15%

Correlation

The correlation between MSST and NVDY is 0.40, 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 18, 2025	0.40

Return for Risk

MSST vs. NVDY — 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.

NVDY

NVDY Risk / Return Rank: 30
NVDY Sharpe Ratio Rank: 27
NVDY Sortino Ratio Rank: 27
NVDY Omega Ratio Rank: 26
NVDY Calmar Ratio Rank: 38
NVDY Martin Ratio Rank: 32

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. NVDY - 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 NVDA Option Income Strategy ETF (NVDY). 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	NVDY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.87	—
Sortino ratio: Return per unit of downside risk	—	1.32	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.67	—
Martin ratio: Return relative to average drawdown	—	4.06	—

Drawdowns

MSST vs. NVDY - Drawdown Comparison

The maximum MSST drawdown since its inception was -58.68%, which is greater than NVDY's maximum drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for MSST and NVDY.

Drawdown Indicators

	MSST	NVDY	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-34.08%	-24.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.08%	—
Current Drawdown Current decline from peak	-50.11%	-13.34%	-36.77%
Average Drawdown Average peak-to-trough decline	-25.55%	-6.26%	-19.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.02%	—

Volatility

Volatility by Period

	MSST	NVDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.26%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.61%	28.36%	+47.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.61%	38.08%	+37.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.61%	38.08%	+37.53%

MSST vs. NVDY - Expense Ratio Comparison

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

Dividends

MSST vs. NVDY - Dividend Comparison

MSST's dividend yield for the trailing twelve months is around 24.05%, less than NVDY's 68.28% yield.

Position	TTM	2025	2024	2023
MSST YieldMax MSTR Performance & Distribution Target 25 ETF	24.05%	2.71%	0.00%	0.00%
NVDY YieldMax NVDA Option Income Strategy ETF	68.28%	83.10%	83.65%	22.32%

Frequently Asked Questions

Can I hold both MSST and NVDY in my portfolio?

MSST and NVDY have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MSST or NVDY?

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 NVDY?

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

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

NVDY has the higher dividend yield at 68.28%, compared with 24.05% for MSST.